Dell (DELL) Taps Sovereign For Something More Than Money
Hand it to Michael Dell. His company, Dell (NASDAQ: DELL) is in talks with the sovereign fund in Dubai to get a big juicy check. But, instead of just cash, Dell is putting together…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 301Media Digest 4/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will hit a…
Asia Markets 4/9/2008 (SNE)(LFC)(SNP)
Most markets in Asia fell. The Nikkei was off 1.1% to 13,112. Dentsu was up 3.4% to 247000. Sony (SNE) was down 1.4% to 4150. The Hang Seng fell 1.3% to 23,989. China Life…
Wall St. Frets Over Sun (JAVA)
Sun Microsystems (NASDAQ: JAVA) titillates investors every year or so with some series of announcements. It is building up its operations in China. It has a new open source software initiative. It will offer…
Citigroup (C) To Dump Debt For 90% Of Face
Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private equity firms. According to The Wall Street Journal the firms include "Apollo Group, TPG…
EMC Wins In Pursuit of Iomega (EMC, IOM)
EMC Corp. (NYSE: EM) has won in its attempt to acquire Iomega Corporation (NYSE: IOM). EMC will acquire San Diego-based Iomega for a purchase price of $3.85 per share in a deal valued at…
ATV Sales Hurting Arctic Cat (ACAT, PII)
Arctic Cat Inc. (NASDAQ: ACAT) is seeing shares come off the tracks in after-hours trading after the company previewed poor results. The company places the blame on on lower than anticipated all-terrain vehicles sales. …
Mortgage Problems: A $945 Billion Loss
The International Monetary Fund came late to the mortgage crisis, but they bought the worse news. The IMF said that "Total losses, including the securities tied to commercial real estate and loans to consumers…
The 52-Week Low Club (FMD)(GRD)(GRMN)(SSCC)(SCUR)
First Marblehead (FMD) Fears about student market loans hit company. Down to $4.62 from 52-week high of $45.70. Agria (GRD) COO leaves and annual report delayed. Shares down to $4.03 from 52-week high of…
FOMC Admits Recession, Without Saying Recession
Today’s March 18 minutes from the FOMC meeting, which already gave us a rate cut and comments about a weak economy, included comments that fed governors were more worried than they led on. The…
Garmin Punished by TomTom Warning, A Week After Garmin’s Own Downward Guidance (GRMN, TRMB, NVT, NOK)
Garmin Ltd. (NASDAQ: GRMN) is in a funk, after being in its own funk less than one week ago. Just last week it gave comments to Reuters discussing forward guidance that Wall Street rightfully…
IPO Withdrawal: CampusU
CampusU has filed a registration withdrawal form with the SEC today. The company has filed to withdraw its proposed IPO. You can guess why" "The Registrant has determined, because of unfavorable market conditions, not…
Valuation Of The New York Times Newspaper (NYT)
Everyone wants to buy a seat on the board of The New York Times Company (NYT). Morgan Stanley’s asset management arm made a run at it, and they were turned away. Capital Partners and…
Morgan Stanley (MS) CEO Clairvoyant As Usual
John Mack, who has run every investment bank on Wall St, and is now CEO of Morgan Stanley (MS) says the next few quarters will be tough for the financial markets. Mack believes the…
Devon Scores Major Gain On Sale of Equatorial Guinea Ops (DVN)
Devon Energy Corp. (NYSE: DVN) has reached an agreement to sell its oil and gas business in Equatorial Guinea to GEPetrol, the African country’s national oil company. The value of the transaction was listed…