Ten Hedge Fund Managers Make Over $700 Million, But Who’s Counting?
If there is any sort of recession at all, the top hedge fund managers don’t know it. John Paulson and Phil Falcone of Harbinger each made as much as $2 billion last year. The…
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Month: April 2008
All Month: April 2008 Articles
Newest first · Page 32Media Digest 4/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Alcoa (AA) profits fell by half due to high energy costs and a weak dollar. Retuers reports that AMD (AMD) cut guidance and will lay-off 10% of its staff. Reuters reports…
Asia Markets 4/8/2008 (SNE)(SNP)(CHL)
Markets in Asia were mixed. The Nikkei fell .5% to 13,250. NEC fell 2.9% to 409. Sony (SNE) fell 3.7% to 4210. The Hang Seng fell .4% to 24,473. China Petroleum (SNP) fell 3.4%…
Rex Energy Files For Secondary (REXX)
Rex Energy Corporation (NASDAQ: REXX) has filed with the SEC for a secondary offering of 8 million shares today. KeyBanc Capital Markets is listed as the sole selling agent. As far as the use…
Genentech to Set Biotech Tone For Earnings Season (DNA, OSIP, SGEN, ABT, BIIB)
Thursday after the close, we’ll get to see earnings out of Genentech (NASDAQ: DNA). The estimates from First Call are $0.82 EPS on $3.11 billion in revenues. Next quarter estimates are $0.86 EPS on…
ALCOA Earnings Shell Game… Weak Currency, Energy Costs & Weak Industrial Demand (AA)
ALCOA Inc. (NYSE: AA) gave a strange earnings report today. The aluminum giant gave $0.37 EPS on $7.4 Billion in revenues. First Call had this quarter estimates at $0.48 EPS and $7.2 Billion. To…
Boeing (BA) Hacks Off A Wing
Boeing (BA) will never finish its 787 Dreamliner, not at least during the lifetime of anyone over 40. The company said it would make a statement about it plans for the plane this Wednesday.…
AMD’s (AMD) Death Rattle
AMD (NYSE: AMD) said things did not go its way in Q1. No one should be surprised. AMD has not had a good quarter in over two year. How CEO Hector Ruiz keeps his…
The 52-Week Low Club (EVVV)(GLS)(RVBD)
4 Kids Entertainment Inc. (NYSE: KDE) not looking so hot, hitting new low of $8.97 today. The 52-week range is $9.33 to $19.90. Shares bottomed at $8.94 ev3, Inc. (NASDAQ: EVVV) decreased its quarter…
Auction-Rate Securities Knife Palm (PALM)
In what is likely to become almost a routine announcement for public companies, Palm (NASDAQ: PALM) revised its fiscal third quarter loss. The device company took at write-down for the value of auction-rate securities…
Journal Register Finally Yells ‘Uncle!’ (JRC)
Journal Register Company (NYSE: JRC) has finally announced today that it hired Lazard Freres & Co. LLC as its financial advisor to help the company evaluate strategic options. It noted concern over the state…
Digital Domain Sets IPO Terms (DTWO)
Digital Domain submitted an amendment to its IPO filing this morning. The filing for the offering shows a maximum aggregate offering price of $96.6 million at a maximum offering share price of $14.00 per…
New Search Share Numbers Support Microsoft (MSFT) Bid
New figures from HitWise support the Microsoft (MSFT) contention that Yahoo!’s (YHOO) share of the search market is shrinking ,making it less likely that the portal can compete against Google (GOOG) on its own.…
Starbucks (SBUX): Individual Store Problems Hard To Fix
Perhaps Starbucks (SBUX) has managers who cover small regions of 100 stores each or "spies" from market research companies who visit a certain percent of all the coffee chain’s outlets each month. Management can’t…
Biotech Busine$$ Daily (APPY, LIFC, KCI, MNOV, MCU)
AspenBio Pharma (NASDAQ: APPY) entered into a definitive agreement with Novartis Animal Health for AspenBio’s recombinant single-chain bovine products for animals. Shares are up 4% to $6.24. LifeCell (NASDAQ: LIFC)is to be bought by…