After kicking the tires at Motorola’s (MOT) handset unit China’s Huawei Technologies said it would pass. The Asia-based company is one of the largest makers of handsets in the world. According to Reuters "Huawei…
According to Reuters, Lehman (LEH) raised $4 billion. Reuters writes that US factory orders probably fell in February. Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC) Reuters writes…
Markets in Asia rallied. The Nikkei was up 4.2% to 13,189. Honda (HMC) rose 7.3% to 3110. NEC rose 5.7% to 405. Sony (SNE) rose 5.9% to 4300. The Hang Seng rose 3.6% to…
Sprint (NYSE: S) is about to release a new phone from Samsung which has many of the features of the Apple (NASDAQ: AAPL) iPhone. According to MarketWatch "The new Samsung Instinct, available from Sprint…
Shares of LoJack Corporation (NASDAQ: LOJN) are being hit hard in after-hours trading. The company is issuing an earnings warning for 2008, although it is quick to point out that this is believed to…
Globalstar, Inc. (NASDAQ: GSAT) intends to offer $135 million of Convertible Senior Notes due 2028, with a $15 million overallotment. Merrill Lynch and Deutsche Bank Securities Inc. will act as joint Book-Running Managers for…
Teradata Corp (TDC) Not any news. Slow sell-off all day. Down to $20.11 from 52-week high of $30.08. Wilsons The Leather Experts (WLSN) CEO leaving. Falls to $.14 from 52-week high of $2.36. Pacificnet…
Another director of Bear Stearns Companies, Inc. (NYSE: BSC) has unloaded his holdings as the stock was trading north of a buyout price for some time. Paul A. Novelly, a director, has unloaded 125,000…
Talbots (NYSE: TLB) is seeing shares surge today after the apparel maker and retailer unveiled its strategic plan for long-term growth and for productivity improvement. For starters, the company reaffirmed its guidance and it…
It says a lot when sales of Toyota’s (TM) are actually falling. In March, vehicle sales for the big Japanese company fell 10.3% in the US market to 217,730, Total passenger car sales fell…
New research out today shows that Research In Motion’s (NASDAQ: RIMM) Blackberry still holds the high ground in the smartphone business, but Apple (NASDAQ: AAPL) is marking significant inroads. Palm (NASDAQ: PALM) continues to…
There was an interesting communication from The Blackstone Group, L.P. (NYSE: BX) this morning and the company issued a press release confirming that data. Blackstone announced the closing of Blackstone Real Estate Partners VI. …
In March, Ford, Lincoln and Mercury sales totaled 213,074, down 14 percent compared with a year ago. Sales to individual retail customers were 17 percent lower than a year ago, with essentially the entire…
Mercadolibre, Inc. (NASDAQ: MELI) is in a unique spot as it serves an online payment and e-commerce gateway and platform throughout much of Latin America. The company’s stock is also down close to 50%…
Lazard Capital Markets analyst Sanjay Shrestha has come out maintaining his Buy recommendation on several names in the alternative energy space. Energy Conversion Devices (NASDAQ: ENER) maintain BUY rating and $40.00 target. Lazard met…