It appears that IBM (IBM) may be walking out on its deal to buy Sun Microsystems, or could just be playing hardball to lower the price it is willing to pay.
In either case, the value of Sun’s stock is likely to go back to where it traded before the IBM buyout rumor hit the Street. That would be under $5. The stock closed at $8.49 on Friday. Read More
There are more rumors that Goldman Sachs (GS) will pay back its TARP funds. The latest comes from the London Telegraph which says that Goldman may announce that it is raising money when it releases earnings on April 14.
Since almost every indication is that Goldman does not need the capital to pay back the money, the notion is almost certainly not true.
Douglas A. McIntyre
The federal government cannot give financial assistance to each person who losses a job for a years after they are terminated. It would cost too much. So, the current limit is 59 weeks. What happens then? Read More
The cost of the TARP is going to be more expensive than originally budgeted and the taxpayer will be left holding the bag. What a surprise. The government will underestimate the costs of a lot of bailout programs, so this is just the first in a long lists of items which will eventually have to be recouped by higher taxes, probably over the next five or six years. Read More
| Today’s top tickerspy Indexes | |
| Coffee Stocks | +16.3% |
| Hotel Stocks | +9.0% |
| 2009 IPOs | +8.2% |
| Education Stocks | +4.7% |
| Coal Stocks | +4.4% |
 | |
| |
RSS Updates
Email Updates
