Business

Dendreon’s $75 Million Borrowing, Almost For Free (DNDN)

Dendreon (DNDN-NASDAQ) announced this morning that it did price its $75 million in convertible senior subordinated notes due 2014 via a Rule 144A private placement.  The interest rate is merely ...
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Cramer Outlines Long-Term Growth in Aerospace

On today's Wall Street Confidential video on TheStreet.com, Jim Cramer says that aerospace stocks are great buying opportunities on down market days like today and yesterday.  Aerospace is tied into ...
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Newspaper Carnage Continues, But…. (NWS, DJ, TRB, MNI, GHS, JRN, NYT, GCI, SSP, BLC, LEE )

There has been a solid recovery in newspaper and media plays in recent weeks, for some obvious merger reasons.  But the continuously deteriorating fundamentals in the sector lend a credence ...
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Reasoning Behind Borders Group ‘Cut to Sell’ at Goldman Sachs (BGP)

When a bulge bracket firm issues a 'Sell' rating on a stock, you always have to consider the reasoning.  'Sell' recommendations can cause many more backlashes historically than other downgrade ...
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Prudential Turns Itself Into A Widget Firm (PRU)

In a somewhat surprising move, Prudential Financial, Inc. (PRU-NYSE) has decided to jettison its institutional equity research, sales, amnd trading business known as Prudential Equity Group. This will affect equity ...
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Cramer Backs Acadia Pharmaceuticals (ACAD)

Cramer has a speculative little drug stock that keeps getting thrown to him in the Lightning Round: Acadia Pharmaceuticals (ACAD).  Cramer thinks now is the time that you can buy ...
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TD AMERITRADE: JANA & S.A.C. Take Active Stake To Force Merger

JANA Partners and S.A.C. Capital Advisors notified TD AMERITRADE that their funds have an aggregate “economic interest” in approximately 50 million shares of TD AMERITRADE, amounting to 8.4% of the ...
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SIRIUS Lands $250 Million Term Loan (SIRI, XMSR)

SIRIUS Satellite Radio Holdings (SIRI-NASDAQ) just received a $250 million term loan from Morgan Stanley.  The facility will mature in five and a half years and have covenants substantially similar ...
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CMGI Early Earnings Release (June 5, 2007)

Here is the brief summary for CMGI, Inc. (CMGI-NASDAQ) earnings:Net revenue increased 6.5% from prior year to $282.1 million (WR Hambrecht estimate was $259.5M); Operating income improved to $0.9 million ...
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CMGI: Last Look Ahead of Earnings (June 5, 2007) (CMGI)

If you are an investor in CMGI Inc. (CMGI-NASDAQ), you know the earnings are this afternoon after the close and you know every small cap low stock price trader is ...
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Warren Buffett’s Conflict of Interest with Dow Jones (DJ, BRK/A, NWS, TOC, RTRSY)

Berkshire Hathaway (BRK/A-NYSE) has one serious impediment to getting involved in a buyout of Dow Jones (DJ-NYSE) as some speculate could happen at the right price.  Back on March 1, ...
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If Bed Bath & Beyond is Warning, Who’s Next? (BBBY)

Bed Bath & Beyonds (BBBY-NASDAQ) is apparently feeling the same consumer pinch as elsewhere, it guided $0.36-0.38 EPS versus $0.39 estimates and guided same-store-sales for the quarter down to up ...
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Amgen Buys Ilypsa, Diversification Via Acquisition

Amgen (AMGN) is paying a hefty sum to diversify its Aranesp and Epogen franchises.  The company is acquiring developmental-stage Ilypsa, a biotech company based in San Francisco that focuses on ...
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Cramer Calls For a Citigroup Break-Up (C)

On tonight's MAD MONEY on CNBC, Jim Cramer said that he wants to address the board of Citigroup (C-NYSE) because they are sitting on a goldmine: He questions the whole ...
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Cramer’s ASCO Biotech Stocks (CELG, ONXX, WMT)

On today's Stop Trading segment on CNBC, Jim Cramer said he was shocked that Revlimid from Celgene (CELG) was hardly noticed and he thinks it's ready to run here.  This ...
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