Circuit City (NYSE: CC) will face more downward pressure on its shares when it is booted from the S&P 500 next week. A number of large institutional investors sell-off holdings in companies which are…
Aloha Airgroup has filed for Chapter 11 citing high fuel prices and falling fares. With oil at $100 and both competition and a poor economy warring with ticket prices, the question is "who is…
Imagine that many of the world’s central banks went into the market and bought tens of billions of dollars in mortgage-backed securities to help end the current financial crisis. The action would require that…
The short interest in most large stocks traded on the NYSE increased as measured on March 14. The figures compare to February 29. Car stocks were hit especially hard. Shares short in Ford (NYSE:…
After a week in which the market finally seemed to vote that big financial companies will be OK, S&P took the holiday to slam Goldman Sachs (NYSE:GS) and Lehman Brothers (NYSE:LEH). No one was…
Zogenix, Inc. filed last night to come public via an initial public offering of up to $86.25 million in securities sales. The company has applied to take the ticker "ZGNX" on NASDAQ. Banc of…
The FCC says it is getting closer to announcing its opinion of the Sirius (NASDAQ: SIRI) merger with XM Satellite (NASDAQ: XMSR). That may not be good news. The commission may turn the deal…
Major sovereign funds from Singapore and Abu Dhabi have agreed to Boy Scout rules about keeping their investments in the US strictly financial. No political agendas. This is a copy of the new pact.…
Primary dealers borrowed $28.8 billion from the Fed during the first three days a new facility was open. Reuters writes that "Primary dealers borrowed more than $13.4 billion a day from the U.S. Federal…
According to Wireles and Mobile News: "Verizon Wireless (VZ)(VOD) was the biggest winner of the Federal Communications Commission’s 700 MHz auction, winning six large licenses that i will give it air space to provide…
Palm, Inc. (NASDAQ: PALM) just posted a loss that of course missed analyst expectations. The loss of -$31.5 million came in at -$0.30 EPS after items and -$0.16 pro-forma on a near-25% drop in…
This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market. Despite the huge rally today that was led…
If you think of a retailer hitting a 52-week high during a slowing economy, it seems counterintuitive. It seems a recession or a slowing consumer spending is good for some retailers. Enter Wal-Mart Stores…
No matter how much Detroit would like to change the math, the total always adds to 100%. Over the course of the last week, management from GM (NYSE:GM), Ford (NYSE:F), and Chrysler have tried…
The acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital and Huawei was already questionable, and then regulatory questions turned into trouble, and now trouble has turned into an outright dead deal. An affiliate…