MediaPost has a rather interesting article out today citing state attorneys general from four more states have joined ten others in their opposition of the merger between Sirius Satellite Radio (NASDAQ: SIRI) and XM…
The shell game of controlling gas and diesel prices in China is not terribly clever, but it has worked. The government and the oil & refinery companies which it controls buy crude and sell…
Bristol-Myers Squibb (NYSE: BMY) has submitted an open shelf offering today for an undetermined amount. The offering includes a combination of debt securities, preferred stock, depositary shares, common stock, and warrants to be used…
Rackspace, Inc. has submitted its IPO paperwork late Friday after the close. The filing shows a maximum aggregate offering of $400 million, although this number is for filing purposes only. They have applied to…
Consumers and businesses are faced with two difficult problems as a result of major banks taking huge write-offs. The first is that, even though the Fed is chopping rates, lower interest loans are not…
When we saw the Mars acquisition of William Wrigley Jr. Co. (NYSE: WWY) in perhaps the largest food merger, the first thing that came to mind besides "what a premium" was "What does this…
Warren Buffett of Berkshire Hathaway (NYSE: BRK.A, BRK.B) has been on CNBC this morning discussing his Wrigley’s bid this morning. Interestingly enough this interview was more of a general discussion about the current economic…
Sycamore Networks (NASDAQ: SCMR) is showing the risks of being a small technology company with the bulk of orders coming from a few companies. The bandwidth management solutions company has issued a revenue warning…
Kirk Kerkorian, billionaire and elder statesman of takeovers, said he will make a tender offer for another 20 million shares of Ford (F). The price will be $8.50 a share. His timing is odd.…
The quiet period has ended for Visa Inc. (NYSE: V) after its IPO. The underwriters have thus initiated their coverage ratings this morning on the credit card payment processing company. Shares of Visa have…
Verizon (VZ) had a quarter which indicated that no matter what is wrong with the economy people are still subscribing to cellular service. Revenue at the phone company rose 5.5% to $23.8 billion. Operating…
These are ten of the top analyst calls we see affecting shares in pre-market indications this Monday morning: Big Lots (NYSE: BIG) Raised to Overweight from Neutral at JPMorgan. Cash America (NYSE: CSH) Cut…
The head of OPEC says that he can see oil hitting $200. OPEC’s President Chakib Khelil refuses to blame supply. His theory is that the price of the dollar is what will drive crude.…
The Oracle of Omaha and Mars, the big privately-held chocolate company, will buy gum concern Wrigley (WWY) for $22 billion. The price is a 27% premium over where Wrigley traded in the last session.…
According to Reuters, oil price moved toward $120 on fear for supply interruptions. Reuters writes that Chrysler is trying to sell two of its North American plants. Reuters reports that many Wall St. analysts…