Europe Markets 4/3/2008 (BCS) (AXA)
Markets in Europe were slightly lower at 6.50 AM New York time. The FTSE was off .4% to 5,895. Barclays (BCS) was off 2.9% to 489.5. British Air was down 3% to 240. The…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 308RIM (RIMM)’s Blackberry: What’s Cheap Still Sells
Go to an AT&T (T) store. You can still get a Blackberry from Research In Motion (RIMM) for under $300, especially if you press the guy behind the desk. Blackberry had a quarter most…
Justice For Countrywide (CFC)?
A federal judge has approved an investigation into the lending practices of Countrywide (CFC). The mortgage company may have, among other things, charged borrowers large, unjustified fees. That was after they were given loans…
Concern About Bond Defaults Signal Financials Not Out Of The Woods
The bets that companies will default on their debts is rising. Financials which own junk bonds or have financed junk deals will be on the hook. One S&P executive told Bloomberg “The markets are…
Live Nation (LYV) Signs Jay-Z And A Major Headache
Live Nation (LYV) is about to sign over $150 million to rapper and serial business start-up master Jay-Z. For the privilege the NYSE listed company gets a piece of all Jay-Z’s business enterprises over…
ATA Airlines: Another Bankruptcy
At Aloha Airlines the reason for Chapter 11 was high fuel costs and too much competition. Overnight ATA Airlines went into bankruptcy because it lost a key military contract. As the reasons add up,…
Media Digest 4/3/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, The Treasury said that regulators saved Bear Stearns (BSC) to help the markets. Reuters writes that Sony (SNE) will cut costs and boost order to fight the strong yen. Reuters writes…
Asia Markets 4/3/2008 LFC, SNP
Markets in Asia rose. The Nikkei was up 1.5% to 13,390. Hitachi was down 1.9% to 613. KDDI was up 3.7% to 6444000, The Hang Seng rose 1.8% to 24,278. China Life (LFC) rose…
RIM (RIMM) Rocks
Research In Motion (NASDAQ: RIMM) was up 5% after hours. That says it all, but some may want details. RIMM released earnings today after the close and the PDA/Smartphone maker of Blackberry phones reported…
New Mortgage REIT Vulture: Cypress Sharpridge Investments, Inc. (CYS)
Cypress Sharpridge Investments, Inc. (NYSE: CYS) has filed to come public in an effort to raise capital. The company will operate as a REIT and plans to invest all of its new capital exclusively…
The 52-Week Low Club (SGP)(PAY)(DEEP)
Superior Offshore (DEEP) Company warns of liquidity problems. Down to $1.20 from 52-week high of $19.58. Medarex (MEDX) Pfizer ends joint drug trial. Sells off to $7.44 from 52-week high of $18.23. Crocs (CROX)…
Packeteer Puts A Moat Around The Castle (PKTR)
Shares of Packeteer Inc. (NASDAQL PKTR) are up well over 10% on a buyout offer today. Packeteer already rejected this buyout offer, and in fact it went and adopted a poison-pill provision. The buyout…
Subscriber Numbers To Dominate Research In Motion Earnings (RIMM, AAPL, PALM)
After today’s close we’ll get to see earnings out of Research In Motion Ltd. (NASDAQ: RIMM). The estimates have been ratcheted up a bit, but only ever so slightly since last week. The estimates…
Biotech Busine$$ Daily (CRXX, CORT, OMRI, SIRT)
CombinatoRx, Incorporated (NASDAQ: CRXX) up 8% to $3.45 on no recent developments. The 52-week range is $3.11 to $7.37. Yesterday, the company hit a 52-week low so perhaps it had nowhere to go but…
Broadpoint Securities Registers Shares Tied To Recent Private Placement (BPSG, FACT)
Broadpoint Securities (NASDAQ: BPSS) has filed on behalf of stockholders a securities offering whereby an aggregate of 7.058 million shares of common stock for a total maximum price of $12.352 million. The independent boutique…