Target (TGT) Tries To Dump Piece Of Credit Card Business
Target (NYSE: TGT) has a huge credit card business. In the current economy, that may not be perfect positioning. The value of the portfolio at the unit is $8 billion. A financial buyer may…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 335EA To Make Hostile Bid For Take-Two: Take The Money And Run
Electronic Arts (NASDAQ: EA) is not going to wait any longer for Take-Two (NASDAQ: TTWO) to put off the larger company’s $26 a share offer. Take-Two claims it is looking for a better deal,…
Homes Facing Foreclosure Jump Up Again
Home facing foreclosure rose 60% in February compared with numbers from the same period last year. "A total of 223,651 homes across the nation received at least one notice from lenders last month related…
Google (GOOG) Grasps At A Straw
Google’s (NASDAQ: GOOG) shares are trading at $440, down from a 52-week high of just over $747. Investors are worried that its highly lucrative text-based search ad business is slowing with the economy. Google…
Toyota’s (TM) Nutty US Forecast
Toyota (NYSE: TM) says it expects car sales in North America to stay about the same as they were in 2007. That would man around 16 million units sold. "I believe U.S. economic fundamentals…
Carlyle Falls Apart
Carlyle Capital, part of private equity firm Carlyle Group, cannot reach a deal with its lenders to stay open. It now appears almost certain that those lenders will seize the fund’s assets and sell…
Media Digest 3/13/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Paulson will try to tighten rules at the state and federal levels to tighten mortgage standards. Reuters writes that Carlyle Capital was unable to reach a deal with it lenders, setting…
Asia Markets 3/13/2008 (LFC)(CHL)(PTR)
Markets in Asia fell sharply The Nikkei was off 3.3% to 12,433. Honda (HMC) was off 4.2% to 2940. Mazda was off 5.8% to 377. The Hang Seng was down 4.1% to 22,458. China…
Genesco Braces For Earnings (GCO, FINL)
Thursday morning we’ll get to see earnings out of Genesco Inc. (NYSE: GCO). The estimates for the footwear company from First Call are $1.01 EPS on $485.82 million in revenues. Next quarter estimates are…
Cramer’s Piggy Call (HRL, SFD)
On tonight’s MAD MONEY on CNBC, Jim Cramer was going over his play on how to win from lower hog prices. Apparently pigs and hogs were not slaughtered enough and the breeding drove up…
Agriculture ETF Wars: Commodity ETF Beats Stock ETF (MOO, DBA, TITN)
Investors seem to not be able to get enough when it comes to investing in agriculture now. This used to be a dead boring sector but it’s now the top performer with earnings visibility…
The 52-Week Low Club (AMR)(KLAC)(HUM)
Progenics Pharmaceuticals (PGNX) Clinical trials fail. Drops to $4.33 from 52-week high of $27.59. Divx Inc (DIVX) Bad 2008 forecast. Shares sell off to $6.12 from 52-week high of $23.76. Immucor (BLUD) Buy-out of…
NASDAQ Furthers Options Interest (NDAQ, NYX)
The NASDAQ OMX Group, Inc. (NASDAQ: NDAQ) has received approval from the SEC that will allow the exchange to launch its equity and index options market. The new exchange will be called the NASDAQ…
Microsoft Acquisition Furthers Virtualization Efforts (MSFT, VMW, CTXS)
Microsoft Corp. (NASDAQ: MSFT) has announced its intended acquisition of Kidaro. This is said to be a leading provider of desktop virtualization solutions for enterprises. Microsoft noted that combining Kidaro’s virtualization with the "Microsoft…
IPO FILING: CyDex Pharmaceuticals, Inc. (CYDX, PFE, BMY, AZN)
CyDex Pharmaceuticals, Inc. has filed to come public via an IPO in what it lists for filing purposes as up to $50 million in securities sales. It has applied to have the common stock…