Sprint (S) Rises Aloft On Wild Rumors
Sprint (S) has traded about ten times its normal volume with over 261 million shares changing hands. The market is ablaze with rumors that the cellular carrier will cancel its plan to raise $3…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 163The 52-Week Low Club 8/7/2008 (NWS)(ANF)(CIEN)
Geo Group (GEO) Drops full-year outlook. Down to $18.47 from 52-week high of $32.93. Teekay (TK) Market unhappy with quarterly results. Falls to $33.13 from 52-week high of $62.61. Abercrombie & Fitch (ANF) Bad…
Buffett & Berkshire Hathaway Earnings Watch (BRK.A, BRK.B, KFT, BUD)
After the close of trading on Friday, we’ll get to see earnings out of Wall Street’s favorite idol as Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) reports earnings. The first thing…
Rhino Resources IPO Terms Slashed (RNO)
Rhino Resources, Inc. (NYSE: RNO) is supposed to price its IPO this evening for Friday trading, or at least that is what we had on our IPO calendar at the start of the week. …
Lenovo: PCs Still Selling In China (DELL)(HPQ)
No wonder Dell (DELL) and Hewlett-Packard (HPQ) wish they had higher market shares in China. While sales are slowing in the US, big China-based PC firm Lenovo says its revenue and earnings are moving…
Citigroup (C) Goes A Long Way Toward Becoming “Worst Managed Company”
In an announcement that shows how remarkable flawed the marketing and risk management at Citigroup (C) have been, the bank agreed to buy-back $7.5 billion in auction rate securities. It will also pay fines…
Good News Gets Scarce in the Energy Business (WNR, WMB, SRE)
There’s no good news coming from Western Refining (NYSE:WNR) today. The company reported second quarter earnings of $8.2 million (EPS of $0.12) versus $155 million and EPS of $2.29 for the same period a…
Blackstone Going Green (BX)
This morning there was interesting note out of The Blackstone Group (NYSE: BX), although some efforts have already been made down this road. The company has formed a new business group to focus on…
Senomyx Files To Raise Cash (SNMX)
Senomyx Inc. (NASDAQ: SNMX) has just filed for a possible secondary offering or capital raise of up to $50 million. It has filed an open shelf that will allow the company to sell common…
Vonage Creeps Up (VG)
New management over at Vonage Holdings Corp. (NYSE: VG) is going to have its hands full. The independent VoIP telephony leader did post a narrower loss on expense management. Its $7 million loss came…
Jobless Claims Hit New Highs: More Babysitter Positions Needed
The Labor Department just posted a pretty ugly jobs number. Normally we do not pay quite as much attention to the weekly numbers, but they are getting worse and worse. This last week’s report…
Illumina Gets Secondary Behind It (ILMN)
Illumina Inc. (NASDAQ: ILMN) has priced its proposed secondary offering of 3.5 million shares at $87.50 per share. This will result in net proceeds of roughly $297.9 million. The sole manager of the offering…
Wal-Mart (WMT): The “Recession Proof” Theory Leaves The Building
The big theory after Wal-Mart (WMT) announced its June same-store sales was that the company was recession-proof. People were going from higher-priced retailers to Wal-Mart to save money because the economy was forcing them…
Sirius (SIRI): A Miss Is As Good As A Mile
Sirius (SIRI) second quarter earnings demonstrated once again that, even after a merger with XM the new entity is not a viable business. The company’s gross subscriber additions were 1,029,287, barely above the 1,002,145…
Top Pre-Market Analyst Upgrades (BPFH, CAAS, CTXS, HAYN, MMC, NDAQ, RL, RMD)
These are not all of the analyst upgrades or positive calls we are seeing, but these are the stand out calls early this Thursday morning: Boston Private Financial (BPFH) Raised to Overweight at JPMorgan.…