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Monthly Archives: October 2009

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Quasi-IPO FILING: Golden Minerals Company (GDMN)

Posted: October 15, 2009 at 10:24 am

An initial public offering filing has been made by a company called Golden Minerals Company, although we would rate this as a quasi-IPO that looks more like a secondary offering ...
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Chinese ADS IPO Filing: BJB Career Education Company (BJB)

Posted: October 15, 2009 at 10:06 am

Last night there was an initial public offering filing from a company called BJB Career Education Company, Limited.  This is a Chinese IT training company and it plans to list ...
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Note About Hertz (HTZ) Financial Statements

Posted: October 15, 2009 at 9:51 am

There is an interesting note in the Hertz (NYSE:HTZ) lawsuit against research firm Audit Intergrity. Hertz claim that AI distributed false and defamatory statements about the rental car company when ...
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DragonWave Debuts In U.S. Listing (DRWI, CLWR)

Posted: October 15, 2009 at 9:50 am

DragonWave Inc. (NASDAQ: DRWI) is not exactly a new company nor is it exactly an initial public offering.  The stock has traded on the Toronto Stock Exchange under the ticker ...
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The Financial Leader Theme: Profit Taking (GS, C, SCHW, JPM, FAS)

Posted: October 15, 2009 at 9:13 am

Goldman Sachs Group Inc. (NYSE: GS), Citigroup, Inc. (NYSE: C), and The Charles Schwab Corporation (NASDAQ: SCHW) have all reported earnings.  All came in above or in-line with estimates and ...
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Today’s Best Market Rumors (10/15/2009) (ERTS)(CLWR)(MSFT)(ARUN)(GS)(LAZ)

Posted: October 15, 2009 at 9:10 am

Updated throughout the day. Updated 2.15 PM:   Electronic Arts (NASDAQ:ERTS) may buy social game business Playfish for $250 million. (Business Insider) Updated 1:40 PM EST: CKX Inc. (NASDAQ: CKXE) refuting ...
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What Inflation?

Posted: October 15, 2009 at 8:43 am

We have just gotten the Labor Department's measure of retail inflation measured by the Consumer Price Index.  The September reading still has inflation running tame, and many will be watching ...
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Jobless Claims Taming, A Tad

Posted: October 15, 2009 at 8:36 am

The Labor Department's report on weekly jobless claims came in at 514,000, slightly better than the estimates of 520,000 from Bloomberg.  Thi was based against a prior 521,000 unrevised and ...
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Top 10 Analyst Upgrades, Downgrades, Initiations (ACOR, IP, OPEN, PBR, SPWRA, ASML, LAZ, PETD, TRW, WDC)

Posted: October 15, 2009 at 8:27 am

These are this morning's top 10 pre-market analyst upgrades, downgrades, and initiations which we have seen early from Wall Street research firms: Acorda (NASDAQ: ACOR) Raised to Buy at Merriman ...
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No Social Security Cost-Of-Living Increase For 2010

Posted: October 15, 2009 at 6:11 am

People collecting Social Security have been getting cost-of-living increases since the program to up payments went into effect in 1975. The inflation calculation used to set the increases was negative ...
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Apple (AAPL) iPhone May Get FM Tuner

Posted: October 15, 2009 at 5:52 am

The devilishly clever engineers at Apple (NASDAQ:AAPL) have apparently discovered another way to sell songs though the iTunes store. Apple appears to be developing an FM tuner that will run ...
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biotech

Flu Drug Sales Take Off

Posted: October 15, 2009 at 5:39 am

Roche earnings offered hope to the scores of biotech companies working on H1N1 treatments. The big pharma firm, which makes most of its money from cancer treatments, profited from the spread ...
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Foreclosures Hit Quarterly Record Giving Housing Market No Hope

Posted: October 15, 2009 at 5:11 am

There may be some signs of a sharply improving economy. The FOMC notes released yesterday show that the Fed believes that GDP will start to pick up quickly next year. ...
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Media Digest (10/15/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 15, 2009 at 4:04 am

Reuters:   Goldman Sachs (NYSE:GS) is having trouble justifying its huge bonuses. Reuters:   Bruce Wasserstein, M&A giant and head of Lazard (NYSE:LAZ), died. Reuters:   Congress will probe compensation at AIG (NYSE:AIG). ...
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Asia Market And Europe Open (10/15/2009)

Posted: October 15, 2009 at 3:23 am

Markets in Asia were higher. The Nikkei rose 2.1% to 10,273. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) were all higher. The Hang Seng rose 1.1% to 22,125. HSBC (NYSE:HBC) ...
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