The US government and authorities in the EU have been up in arms about sovereign funds buying into iconic financial institutions and tech companies. The regulators fear that foreign-backed capital will use its money…
Google (GOOG) says that there is nothing to worry about. Its business is just fine. Tell that to the investors who have ridden the stock down from $747 to $420. But, the case is…
Ford (NYSE:F) is launching a mad new ad campaign with the tag-line "Ford. Drive One". The company is working with it local dealers to get them to push the same message. According to The…
Accoding to Reuters, the Fed is set for a large rate cut in the face of the financial crisis. Reuters writes that Google (GOOG) says it is well positioned for an economic slowdown. Reuters…
Markets in Asia were mixed. The Nikkie rose 1.5% to 11,964. Honda (HMC) was off 2.4% to 2630. Mazda was up 3.3% to 348, The Hang Seng was up .7% to 21,240. China Petroleum…
On tonight’s MAD MONEY on CNBC, Jim Cramer noted that he wanted to look for the new banks. Even thougfh these aren’t really banks, they are the defensive stocks that are still printing money…
Thornburg Mortgage Inc. (NYSE: TMA) has filed an open shelf registration with the SEC to sell securities from time to time in the form of debt securities, common stock, preferred stock, warrants and shareholder…
A newly created firm called American Capital Agency Corp. has filed to come public. This is a newly-organized Delaware corporation that was formed to invest exclusively in single-family residential mortgage pass-through securities and collateralized…
Tuesday morning we’ll get to see earnings out of GameStop Corp. (NYSE: GME). The estimates for the largest pure-play video game retailer from First Call are $1.12 EPS on $2.89 billion in revenues. Next…
The NYSE today launched the first two Morgan Stanley Exchange-Traded Notes (ETNs) with Van Eck Securities Corporation as the exclusive marketer. These ETN launches are under the market Vectors, which are based on local…
Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36. Lehman Brothers (LEH) Fall out from banking…
Renewable Energy Group has withdrawn its application to come public via an IPO. You can probably guess the culprit: "….current market conditions do not support a public offering of the Registrant’s Common Stock at…
Wall St. has gone from hating financial firms with bad balance sheets to hating all companies with big pools of debt. With the crisis which has evolved over the last few day, debtophobia has…
Biotech’s are sliding along with all the others today. A look at the highlights and outliers: Amgen (NASDAQ: AMGN) and Wyeth (NYSE: WYE) announced that arthritis and psoriasis drug Enbrel will now have a…
Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm. Now, he may be out over $1 billion. On Sunday, the Times wrote that Lewis has…