Take-Two Interactive (TTWO), M&A prey of Electronic Arts (ERTS) will launch its wildly anticipated game "Grand Theft Auto IV" today. The paeon of bad taste, violence, and sexual lust may set records for video…
Ford’s stock has gone through a series of spasms the last few days. First the company said it has made $100 million. Almost no one expected that and the stock rose sharply. The next…
Lewis Ranieri, one of the people who started the financial systems for the current mortgage market, believes that they system is worse off than most people know. According to Reuters, "I think the actual…
Blockbuster (BBI) continues to put its nose where it does not belong. First it tried to buy Circuit City (CC), a firm which is weaker than Blockbuster is, and Blockbuster is plenty weak. It…
Former World Bank chief James Wolfensohn thinks the credit crisis will take $1 trillion in losses out of the market. That is a number much higher than most estimates. It also means that the…
According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share of Visa…
Why hold back feelings? Vincent Reinhart, former head of monetary affairs at the Federal Reserve called the deal to save Bear Strearns (BCS) by backing a sale to JP Morgan (JPM) was "the worst…
Merck (MRK) had high hopes for its cholesterol drug Cordaptive According to The Wall Street Journal, things did not work out. The paper reports that the agency issuing a "not approvable" letter for the…
Tuesday in the early hours of the morning, we’ll get to see earnings out of Under Armour, Inc. (NASDAQ: UA). The estimates for the performance apparel company from First Call are $0.03 EPS on…
Double Hull Tankers inc. (NYSE: DHT) has filed to sell up to 7 million shares of common stock via a secondary offering. The company has also granted underwriters a 1.05 million share overallotment option.…
Pharmacy benefits managers Express Scripts Inc. (NASDAQ: ESRX) and MedcoHealth Solutions Inc. (NASDAQ: MHS) are both set to report earnings on Tuesday. We’ll get to see earnings out of MedcoHealth Solutions Inc. (NASDAQ: MHS)…
Tuesday morning in the pre-market hours, we’ll get to see earnings out of Corning Inc. (NYSE: GLW). The estimates for the ceramic and glass giant from First Call are $0.42 EPS on $1.59 billion…
Verifone (PAY) Asking for credit waivers from banks. Down to $10.25 from 52-week high of $50. Horizon Lines (HRZ) Drops outlook and gets broker downgrade. Falls to $10.66 from 52-week high of $36.55. Verso…
A firm called HBK INVESTMENTS, L.P. has just changed its tune regarding its investment in Circuity City Stores Inc. (NYSE: CC). As of December 31, 2007, HBK-I owned or controlled a combined 15,420,653 shares,…
Sovereign wealth funds are now so large that they have passed the annual economic output of the United Kingdom, Germany or France. According to Global Insight, the value of the funds could pass US…