Longs Drug Stores Corporation (NYSE: LDG) is trading way up this morning after last night’s announcement that CVS Caremark Corporation (NYSE: CVS) will acquire the company. In a definitive agreement reached, Longs will receive…
These are not all of the analyst calls out there but these are some of the calls we see having an impact on trading this Wednesday morning with more than two hours to the…
Insulet (PODD) reported earnings well below Wall St. expectations and revised its forecast for the rest of the year down. The stock is set to open off today. According to the AP, "Insulet Corp.…
Short sellers moved out of biotech stocks in the latest period according to Biohealth Investor. The short interest in Amgen (AMGN) dropped 22% and Calgene (CELG) fell 20%.
Banks that claim they are off-loading risk may be making a case which is a bit overblown. Recently, Citigroup (C) and RBS (RBS) dumped loans to private equity firms including Blackstone (BX). The LBO…
The rate of foreclosures continues to accelerate. That generally means that banks are dumping them as fast as they can. Banks don’t want to own houses. And, why should they? The value of the…
Subprime lenders like New Century Financial, Novastar, and, to a large extent, Countrywide Financial, learned a hard lesson in the dangers of operating businesses as though the then-current good economic times would last forever.…
By the clock, Japan is twelve hours ahead of the US, By the numbers, it is entering a recession. By most estimates, Japan still has the No. 2 economy in the world based on…
Nvidia (NASDAQ:NVDA) defiled itself with earnings which should undercut investor faith in the company for many quarters to come. The graphics chip firm took a charge of nearly $200 million for releasing a faulty…
While the mainstream media reminisces about the heady days of the private equity bubble with all the fondness of a first-date discussion of past romances, Goldman Sachs is betting big that the unwanted, unloved…
According to Reuters, Goldman Sachs (GS) will buy $1.5 billlion in assets from ABN. Reuters reports that Ford’s (F) new plans will not change because of the fall in gas prices. Reuters writes that…
Markets in Asia fell The Nikkei was down 2.1% to 13,023. Konica Minolta fell 4.3% to 1504. Mitsubishi Electic fell 4.2% to 939. The Hang Seng fell .9% to 21,447. China Life (LFC) fell…
Companies oftentimes use dividends as a reward for patient investors so they can show their appreciation for sticking by them in good times and bad. In the case of the New York Times, the…
Intel (INTC) says sales of its new "Atom" chips are off to a good start, although it is unclear what that means. The product line was created for a new generation of portable wireless…
US Power Generating Company has just filed to come public via an initial public offering. The wholesale power generation company in New York filed to sell up to $500 million in stock in the…