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Daily Archives: April 20, 2009

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Oracle (ORCL) Screws IBM (IBM), Buys Sun (JAVA)

Posted: April 20, 2009 at 6:40 am

Larry Ellison, who built his reputation on being bad and bold, just got badder and bolder. His Oracle (ORCL) bought Sun (JAVA) making an end-run around IBM (IBM), which had ...
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At B of A, Credit Metrics Trump Earnings (BAC)

Posted: April 20, 2009 at 6:23 am

Bank of America Corporation (NYSE: BAC) is echoing the positive earnings of last week seen at other banking institutions.  The stock is indicated lower on the individual credit metrics and ...
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Analyst With $1.50 Price Target On Citigroup (C) Dumps On Bank Again

Posted: April 20, 2009 at 5:24 am

It is bad enough that Richard Ramsden, a Goldman Sachs analyst, has a $1.50 price target on Citigroup (C), which is less than half of where the shares trade now. ...
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Is Business Becoming More Optimistic?

Posted: April 20, 2009 at 5:11 am

In one of the surveys about national economic prospects that grabs big headlines but may say very little about real trends, the National Association for Business Economics is  saying that ...
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Banks Insult The Government By Lowering Lending

Posted: April 20, 2009 at 4:57 am

Banks are getting TARP money, but they are not using it to ease credit to consumers and businesses, at least to extent that taxpayers and some members of Congress believed ...
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The Uselessness Of The Fortune 500 (WMT)(XOM)

Posted: April 20, 2009 at 4:41 am

The Fortune 500, which has become one of the most useless exercises in business journalism, has been released again. It covers company financials for the year 2008. In this annual edition, ...
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If Government Converts It Bank Investments To Equity, Common Shareholders Get Killed

Posted: April 20, 2009 at 4:29 am

The federal government has come up with a new way of taking control of the nation's largest banks without investing a dime. According to The New York Times, "Treasury Department ...
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Chairman Mao Gets Into The Car Business (SNP)(PBR)(TM)(HMC)(GM)(RTP)

Posted: April 20, 2009 at 4:00 am

The Chinese government has become more aggressive about buying foreign assets.  Chinese leaders recently said they would begin to make investments in Europe through their sovereign wealth fund. The country ...
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In Favor Of Not Firing Bank CEOs (C)(BAC)(AIG)(JPM)

Posted: April 20, 2009 at 3:45 am

The demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor “stress test” ratings from ...
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Media Digest 4/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 20, 2009 at 2:59 am

According to Reuters, PepsiCo (PEP) is offering $6 billion for a number of its bottlers. Reuters reports that GlaxoSmthKline (GSK) is in talks to buy Stiefel Laboratories. Reuters writes that ...
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Asian Markets 4/20/2009

Posted: April 20, 2009 at 2:20 am

Market in Asia were higher. The Nikkei rose .2% to 8,925. The Hang Seng was up 1.2% to 15,792. The Shanghai Composite rose 2.1% to 2.337. At the open in ...
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