CDOs and other derivative instruments are often huge collections of securities broken into tranches, some of which are much more risky than others. Institutional investors are now trying to pry the more valuable pieces…
According to TechCurnch Time Warner’s (NYSE: TWX) AOL has bought blog aggregation company Sphere for $25 million. The report says that Sphere "adapted to the changing market and focused on delivering blog results relevant…
According to Reuters, Northwest (NWA) and Delta (DAL) will merge to create the world’s largest airline. Reuters writes that the profit at Bear Stearns (BSC) fell 79%. Reuters reports that Continental (CAL) and United…
Markets in Asia rose modestly. The Nikkei was up .6% to 12,991. Casio was up 2% to 1352. Hitachi was up 1.8% to 640. The Hang Seng rose .5% to 23,919. China Life (LFC)…
Try to get a Starbucks (NASDAQ: SBUX) at 3 AM. No such luck. But, according to data given to us by McDonald’s (NYSE: MCD), more than 30% of its 13,700 US stores are up…
Carpenter Technology (CRS) Company only manages to hit low end of guidance. Drops to $48.10 from 52-week high of $79.66. Blockbuster (BBI) Bid for Circuit City (CC) sends investors running for the exits. Down…
Early indicators from companies like Wachovia (NYSE: WB) and General Electric (NYSE: GE) show that the last half of March may have been tougher on banks earnings than Wall St. expects. Bloomberg recently reported…
Google’s (GOOG) YouTube had a 78% market share among video websites in March, up from 55% a year ago. Most other sites lost share over the period and overall video category visits were down…
Alkermes (NASDAQ: ALKS) and Johnson & Johnson Pharmaceutical Research and Developed today submitted paperwork seeking approval of their partnership drug, RISPERDAL CONSTA, to be allowed for treatment of bipolar disorder chronic relapse. The drug…
Invesco (NYSE: IVZ) PowerShares has launched its first actively-managed ETF on the NYSE Arca Friday. These 4 PowerShares ETFs include 3 first-in-kind equity exchange-funds and one actively-managed fixed income ETF. The PowerShares Active Alpha…
The American Stock Exchange has launched an ETF called the NETS DAX Index Fund by Northern Trust Global Investments, an arm of Northern Trust Corp. (NASDAQ: NTRS) today. The exchange traded fund will track…
One of the factors lost in the debate over the value of Yahoo! (NASDAQ: YHOO) is the amount of time that consumers spend on the site. For advertisers, especially those running display ads, the…
Codexis, a biocatalyst developer, submitted an SEC filing Friday evening to come public via an IPO. The offering shows a total proposed maximum price of $100 million, although this amount is for filing purposes…
Fluidigm, a California-based life science research device provider, has filed with the SEC to become public this morning. The offering shows a total proposed maximum aggregate price of $86,250,000. They applied to trade on…
Chinese-based agriculture solutions provider, Agria Corp. (NYSE: GRO) issued a statement this morning noting that the company will strongly defend itself against the class action suit filed against them for alleged violations of the…