Oasis Airlines in Hong Kong is shutting down. According to MarketWatch "Oasis Chief Executive Stephen Miller told a news conference all flights were being canceled immediately." Oasis gets to join a growing list of…
"So, we beat on, boats against the future, born back ceaselessly into the past"–F Scott Fitzgerald, "The Great Gatsby" John Thain, former co-president of Goldman Sachs (GS) and CEO of The New York Stock…
Disgraced stock-picking guru Bill Miller of Legg Mason says he will support Yahoo!’s (YHOO) efforts to stay independent if Microsoft (MSFT) lowers the value of its offer to buy the portal company. Since Miller…
Hand it to Michael Dell. His company, Dell (NASDAQ: DELL) is in talks with the sovereign fund in Dubai to get a big juicy check. But, instead of just cash, Dell is putting together…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will hit a…
Most markets in Asia fell. The Nikkei was off 1.1% to 13,112. Dentsu was up 3.4% to 247000. Sony (SNE) was down 1.4% to 4150. The Hang Seng fell 1.3% to 23,989. China Life…
Sun Microsystems (NASDAQ: JAVA) titillates investors every year or so with some series of announcements. It is building up its operations in China. It has a new open source software initiative. It will offer…
Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private equity firms. According to The Wall Street Journal the firms include "Apollo Group, TPG…
EMC Corp. (NYSE: EM) has won in its attempt to acquire Iomega Corporation (NYSE: IOM). EMC will acquire San Diego-based Iomega for a purchase price of $3.85 per share in a deal valued at…
Arctic Cat Inc. (NASDAQ: ACAT) is seeing shares come off the tracks in after-hours trading after the company previewed poor results. The company places the blame on on lower than anticipated all-terrain vehicles sales. …
The International Monetary Fund came late to the mortgage crisis, but they bought the worse news. The IMF said that "Total losses, including the securities tied to commercial real estate and loans to consumers…
First Marblehead (FMD) Fears about student market loans hit company. Down to $4.62 from 52-week high of $45.70. Agria (GRD) COO leaves and annual report delayed. Shares down to $4.03 from 52-week high of…
Today’s March 18 minutes from the FOMC meeting, which already gave us a rate cut and comments about a weak economy, included comments that fed governors were more worried than they led on. The…
Garmin Ltd. (NASDAQ: GRMN) is in a funk, after being in its own funk less than one week ago. Just last week it gave comments to Reuters discussing forward guidance that Wall Street rightfully…
CampusU has filed a registration withdrawal form with the SEC today. The company has filed to withdraw its proposed IPO. You can guess why" "The Registrant has determined, because of unfavorable market conditions, not…