Wall St. Begins To Buy-In To $120 Oil
The idea that oil might hit $120 was the stuff of fairy tale and lying around the poker table. At least up until now. A new Reuters poll of analysts shows that many of…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 312Techs Fared Worse Than Financials In Q1: The Plague Of The High PE
With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, for the most part,…
UBS (UBS) Presages US Bank Earnings (C)(MER)(MS)
At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank’s chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans to raise $15 billion…
Media Digest 4/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US car sales for March are likely to be off sharply. Reuters writes that Microsoft (MSFT) will not raise its bid for Yahoo! (YHOO) Reuters reports that UBS (UBS) will take…
Asia Markets 4/1/2008 (SNE)(CN)(SNP)
Markets in Asia were mixed The Nikkei rose 1% to 12,656. Sony (SNE) roe 2.3% to 4060. Toshiba rose 3.2% to687. The Hang Seng was up .1% to 22,878. China Netcom (CN) rose 1.1%…
Big Price Movers In S&P 500 For Q1 2008 (MSFT)(GOOG)(AAPL)(INTC)(C)(AIG)(VZ)
The largest losers among the big companies in the S&P 500 for the first quarter were: Microsoft (MSFT) down 21.6%, Google (GOOG) down 36.7%, Apple (AAPL) down 27.8%, Intel (INTC) down 22%, Citigroup (C)…
NYTimes: Huffington Value Compared To 24/7 Wall St. Analysis
In today’s New York Times an article on The Huffington Post says that the company is looking for a valuation of $200 million. That would be $53 per unique visitor based on Nielsen figures…
Dell Slashes & Burns, Right In Its Back Yard (DELL, AMAT)
Dell Inc. (NASDAQ: DELL) has announced additional actions in its previous restructuring in its attempt to smooth its operating model, rationalize its operations and improve profitability and cash flow. In short, costs are coming…
Lehman Intends $3 Billion Capital Raise in Preferred Sales (LEH)
Lehman Brothers Holdings Inc. (NYSE: LEH) has just announced that it has "responded to investor interest" with the intent to offer to offer 3,000,000 shares of Non-Cumulative Perpetual Convertible Preferred Stock with a $1,000…
Cell Genesys Scores Takeda Deal (CEGE)
Cell Genesys, Inc. (NASDAQ: CEGE) has announced a global alliance with Takeda Pharmaceutical Company Limited in Japan. The companies will develop and commercialize Cell Genesys’ GVAX immunotherapy for prostate cancer, which is the company’s…
The 52-Week Low Club (SGP)(MRK)(MO)
Schering-Plough (SGP) Bad news on key cholesterol drug marketed with Merck. Shares fall to $14 from 52-week high of $33.81. Merck (MRK) Pulled down for the same reason. Sells off to $36.82 from 52-week…
Wall St. Votes Against Big Apple (AAPL) iPhone Prediction
A Wall St. research firm suggested that Apple (NYSE: AAPL) would sell 45 million iPhones in 2009 which would bring in $11.7 billion, according to Silicon Alley Insider. Investors don’t think so. Apple’s shares…
SPAC IPO FILING: Fintech Acquisition Corp. (TBBK)
Fintech Acquisition Corp., a SPAC, or special purpose acquisition company, has filed to come public via an IPO. The filing shows a target of $100 million. Each $10 unit will consist of unit of…
Cell Therapeutics, Ready To Tap Financing (CTIC)
Cell Therapeutics (NASDAQ: CTIC) has filed an open mixed securities shelf registration for up to $150 million. This will allow it to sell debt securities, common stock, preferred stock, and warrants. Last Tuesday, the…
Trivial Pursuit, Now All Hasbro’s (HAS)
Hasbro, Inc. (NYSE:HAS) has finally purchased all of the intellectual property rights related to the Trivial Pursuit brand from Horn Abbot Ltd. and from Horn Abbot International Ltd. Hasbro paid out an aggregate purchase…