GM (GM): April Down 16%, Toyota (TM) Slips
April sales at GM (GM) fell 16.2% to 257,638. Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that iInventory fell to about…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 270Will Sun Microsystems Live Up To Plan? (JAVA)
Today after the close of trading we’ll get to see earnings out of Sun Microsystems Inc. (NASDAQ: JAVA). The estimates from First Call are $0.18 EPS on $3.38 billion in revenues. Next quarter estimates…
ETF Launch: PowerShares Three Asset Allocation ETF’s (PCA, PAO, PTO)
Invesco PowerShares Capital Management LLC listed three new exchange traded funds (ETF) on the NYSE Amex. The ETFs will give investors exposure to long-term, core asset allocation strategies by investments in other ETFs. The…
Ford (F) Slaughtered, April Sales Down 12%
If car sales are any indication of the broader economy, it is time to get to the food lines. In April, retail sales at the company fell 12% to 200,727. The only division which…
Generex Biotech Holders File To Unload (GNBT)
Generex Biotechnology Company (NASDAQ: GNBT), a drugdelivery system and technology developer, has filed an offering by sellingstockholders of up to 74,475,861 shares of common stock. The proposed maximum aggregateoffering price is $78,199,653, but this…
ProShares ETF Launch: Short Selling Treasuries (PST, TBT)
The American Stock Exchange announced the launch of two new exchange traded funds by ProShare Advisors LLC today. The UltraShort Lehman 7-10 Year Treasury ProShares (Amex: PST) and UltraShort Lehman 20+ Year Treasury ProShares…
Sun Healthcare Well-Served On Secondary Filing (SUNH)
Sun Healthcare Group (NASDAQ: SUNH) has filed for a mixed shelfoffering of $200 million this morning. They may periodically offer a combinationof common stock, preferred stock, debt securities, and warrants. The prospectusindicates the rehabilitation…
Rights Offering Pounds Guaranty Financial Group (GFG)
Guaranty Financial Group (NYSE: GFG) announced an offering of subscription rights to its shareholders. The terms have not yet been set for the non-transferable subscription rights although the subscription price will likely be at…
Shutterfly (SFLY): A Death Rattle From Web 2.0
Shutterfly (SFLY) calls itself an Internet-based social expression and personal publishing service. In reality, it is a simple online photo storage, swapping, and printing service. No matter what it is, the company is not…
More Ups & Downs in the Oil Patch (APA, MRO, GLF, BP)
Apache Corp. (NYSE:APA) reported net income of $1.02 billion and $3.03 EPS for the first quarter of 2008, more than double same period results for 2007 of $492 million and $1.47 EPS. Revenue jumped…
Las Vegas Sands (LVS): The Wages Of Sin Get Expensive
Divide the chips as you will. Las Vegas Sands (LVS) had a pitiful quarter. Revenue rose from $628 million to $1.079 billion. The good news ended there. Operating income fell from $131 million in…
JDSU (JDSU) Enterprise Broadband Spending Stays Down
It is the age of broadband, but no one could tell that from the results of companies which supply equipment to the broadband suppliers like cable and telecom firms JDSU (JDSU), one of the…
Higher Utility Bills Coming; Rate Relief Filed (FE, CHG, AEE, AYE, GAS)
While many utilities are reporting earnings, there is one thing that many investors will care about more than each company’s results. It seems that utilities across the board are filing with state or regional…
Home Depot (HD) Retreats
In a move that has probably never happened in its history, Home Depot (HD) will close 15 stores. It will also cancel the opening of another 50 locations. According to the company, "These closings…
52-Week Low Alert: iRobot; iWarning; iCFO Exit (IRBT)
iRobot Corp. (NASDAQ: IRBT) shares are seeing their share of sellers today. The company posted a loss of -$0.16 EPS on $57.3 million in revenues, while First Call estimates were -$0.16 and $55 million. …