Business

Google (GOOG) Copyright Software Sends A Boy To Do A Man’s Job

Google (GOOG) came out with the software it would use to flag copyright infringing video on its huge YouTube video-sharing site. "The technology can identify video content owned by media ...
Read Full Story »

Genentech’s Dribble (DNA)

Genentech (NYSE:DNA) posted $0.73 EPS vs $0.72 estimates, but revenues were $2.95 Billion versus a $2.93 Billion estimate.  It looks like 3 of the 4 major drugs came in under ...
Read Full Story »

Sirius & XM Any Closer? (SIRI, XMSR)

CNBC just had some back to back coverage regarding Sirius Satellite Radio (NASDAQ:SIRI) and possibly of XM Satellite Radio (NASDAQ:XMSR).  We've been closely monitoring this merger and it just seems ...
Read Full Story »

Major Oils Flirt With New Highs As Oil Hits $86 (XOM, SLB, IYE, OIH)

Oil crossed the $85.00 threshold today and then crossed the $86.00-mark.  On last look, black gold was trading at $86.04 per barrel, up $2.35 from Friday.The reason is tied to ...
Read Full Story »

Genentech To Set Biotech Sector Earnings Bias (DNA)

Genentech Inc. (NYSE:DNA) is set to report earnings after today's close. First Call has consensus estimates at $0.72 EPS on $2.93 Billion in revenues.  The biotech giant usually offers guidance ...
Read Full Story »

More Details on Superfund (BAC, C, JPM)

More details are out on this huge superfund we covered over the weekend to take advantage of over-sold (or now illiquid) asset-backed securities and loans.  The name of the structure ...
Read Full Story »

Countrywide Mortgage Tricks Continue (CFC)

The subprime mortgage malaise is quite multi-faceted.  The borrowers are at fault for overextending themselves.  The lenders are at fault for making loans that are a stretch.  Realtors exacerbate the ...
Read Full Story »

Telik Surges on Trial Hold Release (TELK)

Telik, Inc. (NASDAQ:TELK) is seeing shares surging pre-market after it announced that the U.S. Food and Drug Administration has removed the partial hold on TELCYTA clinical trials after a complete ...
Read Full Story »

Anadarko Spinning Off Western Gas Partners in MLP IPO (APC, WES)

Anadarko Petroleum Corp. (NYSE:APC) has filed for an IPO of its Western Gas Partners, LP, for some $452.8 million.  The company has a proposed sale of 18.75 million units with ...
Read Full Story »

A Sucker Rally In Ford (F)

Shares in Ford (F) are up almost 25% this year. Toyota's (TM) are down about 15%. GM (GM) is the share price champion, rising about 35% since January 1.Ford does ...
Read Full Story »

Pfizer’s Dump Internet Program

Pfizer (PFE) is hooking up with doctor social network Sermo. According to The Wall Street Journal: "Pfizer-affiliated doctors will be able to talk candidly with the site's 31,000 members, potentially ...
Read Full Story »

Media Digest 10/15/2007 Reuters, WSJ, NYTimes, FT, Barron’s

According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets.Reuters writes that Medtronic (MDT) is ...
Read Full Story »

Citigroup’s (C) Insane To Plan To Improve Balance Sheet

In a far-reaching response to the global credit crisis, CitigroupInc. and other big banks are discussing a plan to pool together andfinancially back as much as $100 billion in shaky ...
Read Full Story »

Biogen Idec (BIIB) Puts Itself On The Block

Biotech firm Biogen Idec (BIIB) has put itself on the block, another victim of shareholder activist by Carl Icahn. The company said that several firms had expressed interest. According to ...
Read Full Story »

Cramer Gives A Monster Price to Baidu.com (BIDU, GOOG)

Jim Cramer just said noted on CNBC's STOP TRADING segment that Baidu.com (NASDAQ:BIDU) is growing at 80% and the downgrades or cautionary comments aren't warranted.  He even went as far ...
Read Full Story »