How Does A Market Move Up 400 Points On Bad News?
Rally caps were out in force yesterday with the Dow moving up almost 400 points. How and why it did that in a day of predominantly bad news is hard to fathom. The FT…
Archive
Month: April 2008
All Month: April 2008 Articles
Newest first · Page 39Portable Intel (INTC) (AAPL) (RIMM) (NOK)
Intel (INTC) has decided to push into the chip market for small mobile devices which can access the internet. According to The Wall Street Journal "Intel, which largely missed out on the market for…
With Shanghai Market Down 45%, The Ghost of Christmas Yet to Come
Two years ago the Shanghai Composites was at 1,300. It got over 6,000 last October and trades at about 3,300. At its recent 52-week low, it was off almost 50% from its peak. According…
Interest In Motorola (MOT) Handset Business Fades
After kicking the tires at Motorola’s (MOT) handset unit China’s Huawei Technologies said it would pass. The Asia-based company is one of the largest makers of handsets in the world. According to Reuters "Huawei…
News Digest 4/2/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, Lehman (LEH) raised $4 billion. Reuters writes that US factory orders probably fell in February. Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC) Reuters writes…
Asia Markets 4/2/2008 Big Rally (HMC)(SNE)(LFC)(CHL)
Markets in Asia rallied. The Nikkei was up 4.2% to 13,189. Honda (HMC) rose 7.3% to 3110. NEC rose 5.7% to 405. Sony (SNE) rose 5.9% to 4300. The Hang Seng rose 3.6% to…
Sprint (S) Can’t Get A Piece Of Apple (AAPL) iPhone
Sprint (NYSE: S) is about to release a new phone from Samsung which has many of the features of the Apple (NASDAQ: AAPL) iPhone. According to MarketWatch "The new Samsung Instinct, available from Sprint…
Security Spending Tightens, LoJack Warns For Year (LOJN)
Shares of LoJack Corporation (NASDAQ: LOJN) are being hit hard in after-hours trading. The company is issuing an earnings warning for 2008, although it is quick to point out that this is believed to…
Globalstar $135 Million Funding & Share Lending Agreement (GSAT)
Globalstar, Inc. (NASDAQ: GSAT) intends to offer $135 million of Convertible Senior Notes due 2028, with a $15 million overallotment. Merrill Lynch and Deutsche Bank Securities Inc. will act as joint Book-Running Managers for…
The 52-Week Low Club (TDC)(WLSN)(PACT)(ABTL)
Teradata Corp (TDC) Not any news. Slow sell-off all day. Down to $20.11 from 52-week high of $30.08. Wilsons The Leather Experts (WLSN) CEO leaving. Falls to $.14 from 52-week high of $2.36. Pacificnet…
Another Bear Stearns Director Unloads Shares (BSC, JPM)
Another director of Bear Stearns Companies, Inc. (NYSE: BSC) has unloaded his holdings as the stock was trading north of a buyout price for some time. Paul A. Novelly, a director, has unloaded 125,000…
Talbots, When Low Growth Is Good Enough (TLB)
Talbots (NYSE: TLB) is seeing shares surge today after the apparel maker and retailer unveiled its strategic plan for long-term growth and for productivity improvement. For starters, the company reaffirmed its guidance and it…
US Car Sales: Even Toyota (TM) Has A Bad Month
It says a lot when sales of Toyota’s (TM) are actually falling. In March, vehicle sales for the big Japanese company fell 10.3% in the US market to 217,730, Total passenger car sales fell…
Apple (AAPL) And RIM (RIMM): A Two-Horse Race In Smartphones
New research out today shows that Research In Motion’s (NASDAQ: RIMM) Blackberry still holds the high ground in the smartphone business, but Apple (NASDAQ: AAPL) is marking significant inroads. Palm (NASDAQ: PALM) continues to…
Blackstone Still Able To Close $10 Billion Funds (BX)
There was an interesting communication from The Blackstone Group, L.P. (NYSE: BX) this morning and the company issued a press release confirming that data. Blackstone announced the closing of Blackstone Real Estate Partners VI. …