Goldman Sees Possible $200 Oil
Goldman Sachs says that several factors could cause oil to spike to $200. "As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 342NYSE Amendment To Allow For SPAC IPO’s (NYX, NDAQ)
The NYSE Euronext (NYSE: NYX) has made proposed rule changes this week that would allow the listing of Acquisition Companies (ACs) on the NYSE. They are describing special purpose acquisition companies, or SPAC’s, and…
How Does GE (GE) Hit A 52-Week Low?
On the face of it, there is no way GE (NYSE: GE) should be at a 52-week low. The company is as solid as a rock, a "safe haven" stock. Its yield is 3.7%.…
AbitibiBowater Financing Bonanza (ABH)
AbitibiBowater Inc. (NYSE: ABH) is seeing shares surge after the open this morning. The paper and wood products company secured a financing pact that it had made a filing for earlier. The company noted…
Ciena, Maintains Strength in Weak Climate (CIEN)
Ciena Corp. (NASDAQ: CIEN) is one of the few bright spots out there in the market this morning. The company beat earnings expectations by posting $0.47 EPS and revenues were up over 37% from…
Short Sellers Take Long Knives To Newspaper Stocks (MNI)(JRC)
Short sellers went after newspaper chains with a vengeance based on data from the NYSE as of February 29. The coverage ratio for Journal Register (NYSE: JRC) hit 52 days. The stock trades at…
Top Upgrades & Downgrades (AA, RDY, FCX, GLBL, LIFC, MKTX, MDT, PRTS)
These are some of the top analyst calls this morning: Alcoa (NYSE: AA) cut to Market Perform at FBR. Dr. Reddy’s (NYSE: RDY) cut to Hold at Citigroup. Freeport-McMoRan (NYSE: FCX) cut to Market…
Fed Opens The Term Auction Facility To $100 Billion
The Fed announced this morning that the amounts outstanding in the Term Auction Facility (TAF) will be increased to $100 billion. The auctions on March 10 and March 24 each will be increased to…
Europe Markets 3/7/2008 (RTP) (SI) (AXA)
Markets in Europe were down sharply at 6.40 AM New York time. The FTSE fell 1.2% to 5,697. BHP Billiton (BHP) dropped 4.4% to 1606. Rio Tinto (RTP) fell 3.3% to 5613. The DAXX…
As Blackstone (BX) Shares Fall, Analysts Cut Ratings
Analyst Michael Hecht of Bank of America has cut his earnings estimate for Blackstone Group (NYSE: BX) by half for the next quarter from $.25 to $.11. Blackstone’s stock now trades at just over…
Microsoft (MSFT) And Google (GOOG) Bidding For Digg?
Digg, the huge user-contributed content site, is up for sale, according to TechCrunch. The likely bidders are, of course, Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG), who seem to be willing to make any…
As Boeing (BA) Pushes Congress, It Risks Business In Europe
The management of EADS sits in Europe watching pork-eating members of Congress talk about the hearings they will hold in an attempt to change the Air Force’s decision to buy $35 billion in air…
Microsoft (MSFT) Talks Trash About Google (GOOG)
Microsoft (NASDAQ: MSFT) is going to take significant market share from Google (NASDAQ: GOOG) and cut the search company’s lead as the most successful internet company in the world, with or without a buy-out…
Washington Mutual (WM) Goes Begging For Cash
Washington Mutual (NYSE: WM) went and got itself a tin cup. Federal regulators want it to raise more money so that it can lend more money. The mortgage bank is making the rounds of…
Recession Over: Sharper Images Takes Gift Cards Again
When Sharper Image’s sales fell so low that it could not make its debt service, the retailer filed for Chapter 11. Part of its cost cutting was a decision to stop taking gift cards…