Microsoft (MSFT): The Big Share Buy-Back In The Sky
Microsoft (MSFT) is going to buy back $20 billion of its shares. Take that to the bank. Maybe. UBS says that investors should expect the move by the world’s largest software company soon. UBS…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 165EMC Loses on Lack of Cisco Interest (EMC, CSCO, VMW)
EMC Corporation (NYSE: EMC) is having a rough day, yet it is on no news of its own. The blame lies with Cisco Systems Inc. (NASDAQ: CSCO) after its earnings. Is it competition? Is…
Controlling Expenses is the Name of the Game (FWLT, RIG)
This morning, Foster Wheeler Ltd. (NASDAQ:FWLT) and Transocean Inc. (NYSE:RIG) both reported earnings before the market opened. Both reported good earnings, but there are some warning signs to note in each.
Verenium Scores on BP Cellulosic Ethanol Pact (VRNM, BP)
We noticed Verenium Corp. (NASDAQ: VRNM) over at our "price/volume spike" this morning and realized what the cause was. The company’s stock is gapping up significantly after announcing that it has secured a biofuel…
Sprint (S) Screws Up Big
Sprint (S) did about as much damage to itself last quarter as was possible. For starters, the company will sell $3 billion in cumulative perpetual convertible preferred stock. That is a long way of…
Top Pre-Market Analyst Upgrades & Downgrades (ELN, ESLT, LLNW, RDC, SLW, AIG, EAT, ENTR, HNT, INAP, NVS, OEH, PACR, TI )
Upgrades and Positive Calls: Elan (ELN) Raised to Equal-weight at Lehman. Elbit Systems (ESLT) Raised to Buy at UBS. Limelight Networks (LLNW) Raised to Buy at Jefferies. Rowan Cos. (RDC) Raised to Buy at…
Freddie Mac (FRE) Earnings: The Gathering Storm
Freddie Mac’s (FRE) results undercut any hope that things at the quasi-governmental agency would get better soon. Actually, they were an indication that the Treasury will have to get into the act sooner and…
Morgan Stanley (MS): Stealing Home-Equity Loans
Morgan Stanley (MS) has gone to some of its private clients and told them they cannot borrow more on their home equity lines of credit. The customers thought they had signed up for the…
Banking’s Next Big Tempest: Auction-Rates
Misery acquaints a man with strange bedfellows.—Shakespeare, “The Tempest” Auction-rate securities were one of the great inventions of modern banking. By taking long-term bonds and putting them together into a stew, the banks made…
Media Digest 8/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a new tally of votes for the Yahoo! (YHOO) board election shows a high percentage of protest votes. Reuters reports that the Fed held rates steady and indicated it would not…
Asia Markets 8/6/2008 (HMC)
Markets in Asia were higher with Hong Kong closed due to bad weather. The Nikkei rose 2.6% to 13,255. Canon was up 5% to 5090. Honda (HMC) was up 3.9% to 3440. Sanyo was…
Hoku Scores Another Substantial Supply Pact (HOKU)
Hoku Scientific, Inc. (NASDAQ: HOKU) has just announced that its Hoku Materials subsidiary and Tianwei New Energy (Chengdu) Wafer Co., Ltd. have signed a definitive contract for Hoku’s sale and delivery of polysilicon to…
Whole Foods (WFMI) Earnings: Pigs To The Slaughter
Monstrously eccentric CEO and health fanatic John Mackey has finally taken Whole Foods (WFMI) down to a level from which it is unlikely to recover. Shares are off 12% after hours to $20 against…
Priceline Finally Showing Cracks? (PCLN)
Priceline.com Inc. (NASDAQ: PCLN) has just reported earnings. The online travel bidding service posted $1.55 non-GAAP EPS on $514 million in revenues. First Call had estimates of $1.41 EPS on $495.7 million in revenues. …
General Motors (GM) Backs Wagoner On His Way Out
General Motors Co.’s (GM) board of directors gave a vote of confidence to embattled Chief Executive Rick Wagoner after the automaker surprised Wall Street by announcing a $15.5 billion loss. This praise reminds me…