Europe Markets 3/20/2008 (BP)(SI)(ALU)(AXA)
Markets in Europe were off modestly at 7 AM New York time. The FTSE was down .6% to 5,512. BP (BP) was down 1.9% to 505. British Air was up 3.9% to 231.75. The…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 325Oil Won’t Come Down
Under most circumstances, a drop in demand in the US would bring oil prices down some. The recession should cut the amount of oil consumed here as drivers, airlines, and other big markets for…
Clear Channel (CCU): Another Buy-Out Heads To Trash Bin
Thomas H. Lee and Bain Capital agreed to buy broadcast company Clear Channel (CCU) for $39.20 a share. As usual, several banks are putting up most of the money, an obligation of $18 billion…
Dell (DELL) Buys More Parts In China, Flatters The Locals
Dell (DELL) announced that it will buy $23 billion of components in China this year, up 28% from last year. None other than Michael Dell himself said "China is one of the most dynamic…
The Wheels Come Off In The Airline Industry (DAL)(UAUA)
Forget about mergers. The US airline industry just has to stay afloat. Rising fuel costs and a recession that will keep people off airplanes like a SARS epidemic have hit the industry mercilessly in…
Another Delay From Boeing (BA) As Company Loses Credibility
No wonder the Air Force rewarded its tanker contract to Northrop Grumman (NOC) and EADS instead of Boeing (BA). The US airplane maker can’t deliver products on time. According to the FT Boeing said…
The Ostrich Farm: Detroit’s Trouble Gets Worse (F)(GM)(TM)
When the most powerful company in an industry says it won’t makes it numbers, the ripples are bound to look like storm-driven waves. Toyota (TM), for so long certain that it would do well…
Media Digest 3/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the war between Northrop Grumman (NOC) and Boeing (BA) is now going on in Congress and the public. Reuters says Dell (DELL) will buy $23 billion of components in China in…
FedEx Ready To Deliver Earnings (FDX, UPS)
Thursday we’ll see earnings out of FedEx Corporation (NYSE: FDX). The estimates from First Call are $1.22 EPS on $9.11 billion in revenues. Next quarter estimates are $1.95 EPS on $9.45 billion in revenues.…
Carnival Earnings, Bracing For Travel & Leisure Guidance (CCL, RCL)
Thursday we’ll see earnings out of Carnival Corp. (NYSE: CCL). The estimates from First Call are $0.29 EPS on $3.15 billion in revenues. Next quarter estimates are $0.50 EPS on $3.32 billion in revenues.…
Biotech Movers & Shakers (FOLD, BAX, CYTK, DSCO, HALO, IMCL, SGEN)
Amicus Therapeutics (NASDAQ: FOLD) had a late afternoon surge, up 7% to $10.73. The 52 week range is $9.00 to $18.22. Baxter International (NYSE: BAX)—contaminant in recalled Heparin identified by the FDA today. Shares…
The 52-Week Low Club (COMS, CROX, ERIC, MNST, RYAAY, SEED, SNDK, YRCW)
You’ve always got some weak stocks that hit 52-week lows, particularly in a bear market. But there were many active stand-out names today that normally don’t appear on this screen. 3Com Corporation (NASDAQ: COMS)…
Bookstore Earnings War: Borders Vs. Barnes & Noble (BGP, BKS, AMZN)
Today we’ll see earnings out of Borders Group, Inc. (NYSE: BGP). The estimates from First Call are $1.42 EPS on $1.34 billion in revenues. Next quarter estimates are -$0.40 EPS on $759.44 million in…
Talk of Writedowns Hit Merrill Lynch and Others (MER, BSC, MS)
This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can’t hold a major up-day. Merrill Lynch & Co. (NYSE: MER) is feeling the…
Starbucks Annual Meeting: Presents Initiatives, Yet Stock Issues Persist (SBUX)
Starbucks Corp. (NASDAQ: SBUX) is holding its annual shareholder meeting today (playing right now), and with shares having slid more than 50% from highs it can’t be any shock that the home of "coffeeflation"…