Pfizer’s (PFE) Little White Lie
US drug companies have a habit of misleading consumers and even physicians. It is a game they have played for decades. Usually they do not get caught. When they do a great cry goes…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 100What A CDS Exchange Means To Debt Issuers & To You
There has been talk of creating a central exchange and clearing mechanism for the widely unknown and illiquid Credit Default Swaps, and now that talk has materialized into an actual effort. The requirements for…
Will China Save The US Financial System
When it comes to the potential failure of the US economy and banking system, China has an especially large dog in the fight. The central government and a number of large banks own hundreds…
The Stock Market In The Emergency Room, The Fed Cutting Rates To A Negative 2%
Physicians who spend time in emergency rooms are trained to work on the patient and separate themselves from his pain. Doctors have learned that they must diagnose and solve problems efficiently because there is…
Why Do Citigroup (C) And Well Fargo (WFC) Want Wachovia (WB)
Vikram Pandit, CEO of Citigroup (C), should be so lucky as to have Wells Fargo (WFC) steal the buyout of Wachovia (WB) from him. Citi has gone into court asking $60 billion in damages…
As UK Nationalizes Banks, US May Follow (MS)(BAC)(BCS)(HBC)
The UK has begun a partial nationalization of its major banks. The move may well include some of Britain’s largest financial firms such as Barclays (BCS) and HSBC (HBC). The government views it as…
Media Digest 10/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US markets fell to five-year lows. Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits. Reuters reports that Morgan Stanley’s (MS) deal to get…
Asia Market 10/8/2008 Nikkei Falls 9%
Asia markets fell with some down 7% of more The Nikkei dropped 9.4% to 9,203. Honda (HMC) fell over 10%. Nippon Steel lost 11.9 %. Mizuho Financial Group fell almost 8%. The Hang Seng…
Growing List of Damaged Post-IPO’s (SB, NM, RSOL, RAX, IPI, WES, PSE)
We would be reporting the economic numbers from the government’s Department of Redundancy Department if we said it is an ugly bear market and if we told you that the IPO market was all…
Northern Technologies Raising Cash (NTIC)
Northern Technologies International Corp. (NASDAQ: NTIC) has filed a shelf offering to sell stock, warrants, and units in an amount of up to $50 million. The company has said it will sell the units…
Alcoa Earnings, A Sideshow Compared To Forward Expectations (AA)
If you care about earnings in the commodity and metals sector, Alcoa Inc. (NYSE: AA) has just missed its earnings and given cautious guidance. It posted earnings of $0.33 per share on $7.2 billion…
The 52-Week Low Club (TSL)(RBS)(GGP)(SANM)
General Growth Properties (CGP) Trouble re-financing. Down to $3,51 from 52-week $57.84, Trina Solar (TSL) Solar stocks downgraded on oversupply. Falls to $12.43 from 52-week high of $68.25. Royal Bk Scotland Group (RBS) Worries…
Consumer Credit Evaporates
If our calendar and math are correct, the data from the Fed just released on consumer credit in August shows that the rate of borrowing has come down to levels not seen in 10…
Strategic Hotels & Resorts: Bill Gates Vs. Goldman Sachs (BEE)
Following billionaires, activist investors, and even opportunists has been a difficult job in recent weeks. Activists can blame poor management decisions, but they cannot blame management over stock prices in a bear market. This…
Bernanke Leaning Toward Rate Cuts & More Actions
If you were looking for a strong tone from Ben Bernanke, he may have given you what you wanted to hear. Today’s speech to the National Association for Business Economics hinted at a very…