After booking billions of dollars in losses because of actions by a rogue trader and write-offs in its CDO portfolio, Societe Generale went to the market with a rights offering for almost $8 billion.…
Nortel (NYSE: NT) and Motorola (NYSE: MOT) are in negotiations about putting together their wireless telecom equipment businesses. According to The Wall Street Journal "If consummated, the talks will create a joint venture that…
Yahoo! (NASD: YHOO) is about to approach Time Warner (NYSE: TWX) about a tie-up with AOL. That is according to The Times in the UK. And, why not? Almost every other possible combination of…
According to Reuters, Societe Generale will raise almost $8 billion at a large discount to its current stock price. Reuters writes that Hugo Chavez has threatened to seize foreign milk plants in Venezuela. According…
Markets in Asia were down The Nikkei was closed for a holiday The Hang Seng was down 3.7% to 22,616. China Life (LFC) was off 4.1% to 28.2. PetroChina (PTR was off 4.5% to…
Venezuela nut-case and president-for-life Hugo Chavez says no more oil for Uncle Sam. American’s most profitable company, Exxon (NYSE: XOM), has court cases pending to try to get reparations for assets taken from it…
The mutual fund industry is particularly brutal because each fund is graded every day on performance. The cruelty of that system hit small finance house Morgan Keegan especially hard in the second half of…
Like some many unsuccessful companies before it, Chrysler wants to cut its way to profitability. The privately-held company, run by Home Depot (NYSE: HD) exile Robert Nardelli, will probably chop its number of brands…
Yahoo!’s (NASDAQ: YHOO) board will presently reject a $31 a share buy-out bid from Microsoft (NASDAQ: MSFT), according to The Wall Street Journal. The group thinks the offer is undervalued and will not look…
Yahoo! (YHOO) will reject the Microsoft (MSFT) bid to buy the web portal firm. According to The Wall Street Journal after a series of meetings over the past week, Yahoo’s board determined that the…
Large sovereign funds are being encouraged to adopt a "code of ethics" The governments in the US and UK are particularly interest in this. Their concern is based around the big money from China,…
Uncertainty and hesitation marked recent market action, though selling pressure won the week. Markets had a rough week as economic news rolled in with data that fell well below expectations, including a sharp downward…
This week on MAD MONEY on CNBC, Jim Cramer had some international advice. He wants portfolios to have Brazilians, but not the waxing type. He has an oil play, a metals and mining play,…
Ratings firms like S&P, Moody’s, and Fitch had such monstrously poor track records covering the risks of subprime financial instruments that the SEC may take a hand in regulating them It’s a good idea.…
This coming Wednesday morning, we’ll get to see Q4-2007 earnings out of Vonage Holdings Corporation (NYSE: VG). Despite this one being one of the worst IPO’s ever, Vonage still has a cult following behind…