Saks (SKS): A Poison Pill For A Dying Company
Saks (SKS), which was up until recently one of the world’s premier brands for high-end shoppers, has voted itself a "poison pill". The purpose of this may be to block Mexican billionaire Carlos Slim…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 38Media Digest 11/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, markets in Asia and Europe ross about 2% Reuters reports that the downturn in the Chinese economy deepened. Reuters reports that BHP Billiton (BHP) was gloomy about its prospects and defended…
The Black Friday Ten: Retailers Who May Not See 2009 (BONT)(DDS)(TLB)(PIR)(CPWM)(WSM)(CHS)(SKS)(EBHI)(RAD)
A year ago, not many people would have thought Circuit City would be in bankruptcy now. Linens ‘n Things, Mervyn’s, Whitehall Jewelers and Steve & Barry’s have either shut down or are closing huge…
Petroleum Development Corporation Files To Raise Cash (PETD)
Petroleum Development Corporation (NASDAQ: PETD) has just filed a mixed shelf registration with the SEC to allow it to sell securities to raise capital. The securities listed are any combination of debt securities, common…
Youbet.com Files To Raise Cash (UBET)
YouBet.com Inc. (NASDAQ: UBET) has just filed a mixed shelf registration with the SEC to allow it to sell securities to raise capital. The securities listed are any combination of common stock, preferred stock,…
Unisys Corporation Files To Raise Cash (UIS)
Unisys Corporation (NYSE: UIS) has filed to sell up to $660 million in a mixed securities shelf. The securities listed are any combination of debt securities, common stock, preferred Stock, warrants, and stock purchase…
India ETF’s & Funds Hold Up After Terror Attacks in Mumbai (PIN, EPI, IIF, IFN, INP)
Fresh terrorist attacks targeted against foreigners in Mumbai, India have failed to thwart a market rally today. Reports have foreigners being taken hostage at premiere hotels frequented by the wealthy and by business travelers.…
GM (GM) And Ford (F): What Bailout?
Are the markets still unstable? Are they subject to sharp moves on a rumor or a whim? Ford (F) and GM (GM) are both up about 30% today. The reason is astonishingly thin. In…
Indian ADR’s Unphased By Terror Attacks (INFY, IBN, REDF, SAY, SLT, TTM, WIT)
Fresh attacks that appear to be targeted against foreigners in Mumbai, India have failed to thwart a market rally today even in Indian stocks. Reports have foreigners being taken hostage at premiere hotels frequented…
New Bear Market Financial Terms
We have created a new take on many traditional stock market and financial terms for the new economy. Some of these are gut busters and some may hit a little close to home. Sometimes…
BCE Merger Suddenly In Jeopardy (BCE)
There is one huge going-private transaction which has yet to close and has been pending for what feels like an eternity. BCE, Inc. (NYSE: BCE) in Canada has been in the works for more…
Kinder Morgan Predicts Future (KMP)
Kinder Morgan Energy Partners (NYSE:KMP) announced this week that it expects to distribute $4.20/common unit as its dividend in 2009. The company will distribue $4.02/unit in 2008. The company based its projections on a…
NRG Says No; Exelon Says Please (NRG, EXC, JPM)
It took NRG Energy (NYSE:NRG) almost two weeks to figure out that shareholders should reject the exchange offer from Exelon Corporation (NYSE:EXC). That’s odd because NRG had already rejected the same offer before Exelon…
Recession Watch: Jobs, Durables, Income, Spending
If you were looking for good news before the holiday, you might need to look at retail discounts for retail or might want to read some nice childrens’ books. The economic data does not…
Coinstar Files To Raise Cash (CSTR)
Coinstar Inc. (NASDAQ: CSTR), the owner and operator of all the big giant green machines which counts and changes your coins for paper cash, has filed a mixed shelf registration with the SEC to…