Big Pharma continues to throw ballast out of the balloon in the hopes of staying aloft. The latest victim of declining fortunes in the industry is Merck (MRK), which seems to have had every…
All of the rumored good news out of Sprint (S) took the stock on a magic carpet ride yesterday. First there were reports that Deutsche Telekom (DT) might buy the whole company. Then there…
Edward S. Lampert, billionaire and hedge fund manager, arrived at the Recession about six months late. The chairman of zombie retailer Sears (SHLD) "said the retailer is taking a conservative stance amid weak consumer…
UBS (UBS) telegraphed all ships in the known world as it sank into the Atlantic like the Titanic. The big bank will fire 5,500 poor souls and sell $15 billion of its subprime mortgage…
The Microsoft (MSFT) Zune is as rare as the Studebaker, so Apple (AAPL) has nothing to fear from plans to get more adoption for the portable music device. According to The Wall Street Journal,…
Apple (AAPL) has picked up a deal which should accelerate sales of its iPhone into a number of new countries. It a brilliant tie-up with Vodafone (VOD), Europe’s largest cellular carrier, According to Reuters…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are still a…
In what could be a brilliant move if the recession and drop in retail sales worsen, Target (TGT) has agreed tot sell $3.6 billion of its credit card loan portfolio to JP Morgan (JPM).…
NewPage Group Inc. has submitted its IPO filing late today. It has taken the proposed ticker of "NWP" on the New York Stock Exchange. So far, Goldman Sachs is listed as the only lead…
We have seen several announcements out of Standard & Poors regarding index changes today, with the effective dates as follows: DreamWorks Animation SKG Inc. (NYSE: DWA) will now replace Millennium Pharmaceuticals Inc. (NASDAQ: MLNM)…
Not all of the institutional money involved in the Yahoo! (YHOO) rejection of Microsoft’s (MSFT) bid are happy to sit on the sidelines. Several may launch a campaign to push out the current board…
Libbey (LBY) Still falling a few days after lowering guidance. Down to $11,67 from 52-week high of $24.65. Apria Healthcare (AHG) Slipping with industry. Drops to $16.08 from 52-week high of $31.57. Amerigon (ARGN)…
Cougar Biotechnology, Inc. (NASDAQ: CGRB) is up over 5% in afternoon trading on the announcement that they will present a company update and clinical trial update at the Leerink Swann Cancer Roundtable Conference. Shares…
While most of the investment community goes out breaking down earnings for major stocks, there is a huge interest in many of the cult stocks reporting earnings. Among the cult stocks we have reporting…
Valero Energy Corp. (NYSE: VLO) has announced that it signed an agreement to purchase 72 convenience stores and fueling kiosks from Albertson’s LLC. The financial terms of the acquisition were not disclosed, although it…