We have yet to see public homebuilders file for Chapter 11 bankruptcy protection. WCI Communities Inc. (NYSE: WCI) is the first of the former large homebuilders to file for bankruptcy protection. The homebuilder has…
Carl Icahn and friends at ImClone Systems Incorporated (NASDAQ: IMCL) have now formally responded to Bristol-Myers Squibb Company (NYSE: BMY) regarding the cash buyout of the company. The company’s board of directors has formed…
Today’s inflation and employment numbers had the putrid scent of the recent past on them along with a whiff of a decaying future. Prices rose .8%, which takes the economy back to inflation rates…
This week will mark another somewhat unusual mark for IPO’s as a technology and communications player with an established name is set to come public. Rackspace Hosting, Inc. (NYSE: RAX) is coming public at…
These are some of the key analyst upgrades and positive calls we have seen early this Monday morning with over 2 hours to open: Akamai Tech (AKAM) Raised to Buy at Jefferies. Amgen (AMGN)…
These are some of the key analyst downgrades and negative analyst calls we have seen early this Monday morning with over 2 hours to open: Biogen Idec (BIIB) Cut to Sell at Banc of…
Intel (INTC) is about to hit the market with a new set of graphics chips and they are aimed directly at the hearts of Nvidia (NVDA) and AMD (AMD) which both count of the…
HSBC (HBC) is the latest money center bank to be clobbered by more write-downs. For the most recently reported quarter net profit fell to $7.72 billion from $10.9 billion a year earlier and that…
Nintendo owns so much of the video game console market that it may be coming up against market share problems. But, the entire industry could be facing the issue of whether it has picked…
Chrysler had a fair amount of trouble re-financing a relatively large portion of its debt. The company’s finance division was only able to raise $24 billion to replace a $30 billion facility. The money…
Orchard Lake, Michigan, August 3rd, 2008. A modest-sized office building with room for twenty tenants just north of this town of well-to-do homeowners does not have a single tenant. It is not unusual for…
In an interview with Fortune that will be published shortly, James Cayne told a reporter that he was in the hospital for 10 days back in September, suffering from sepsis triggered by a severe…
Carl Icahn has evolved over the years, first rising to fame a "corporate raider", followed by an ill-fated journey into actual management at the helm of TWA and, most recently, as a kinder, gentler…
According to Reuters, the Fed will sit tight on rates as oil prices moderate. Reuters writes that Verizon (VZ) labor talks have continued past their dealine. Reuters reports that Chrysler renewed its credit facilities,…
Markets in Asia were sharply lower. The Nikkei fell 1.2% to 12,933. Honda (HMC) fell 5.8% to KDDI rose 4.6% to 657000. The Hang Seng dropped 1.6% to 22,493. China Life (LFC) rose 1.2%…