Universal Files To Raise Cash (UVV)
Universal Corporation (NYSE: UVV) has filed an automatic shelf registration statement with the SEC that will allow it from time to time to sell securities. The leaf tobacco merchant and processor will be able…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 40Even With Huge Cost Cuts GM (GM) May Need Government-Supported Chapter 11
After months of hunting, there still may be no single solution to the market and economic problems that are driving GM (GM) out of business. Any steps will have to bring together creditors, suppliers,…
FDIC Troubled Banks List Rises 46%
The FDIC is going to be working overtime. The agency increased the number of "troubled" banks on its list of firms it may have to shut down. The open question is where the FDIC…
E*TRADE’s TARP Dilemma (ETFC)
E*TRADE Financial Corporation (NASDAQ: ETFC) announced this morning that it is continuing to work with regulators through each phase of its TARP application and that it "remains optimistic that it will receive the necessary…
Coca-Cola Bottling Files To Raise Cash (COKE)
Coca-Cola Bottling Co. (NASDAQ: COKE) filed with the SEC to sell up to $300,000,000 in a mixed securities shelf. The company listed Debt Securities, Preferred Stock, Common Stock, and Class C Common Stock as…
Ackman’s Pershing Square Takes Large Stake in Embattled REIT General Growth Properties (GGP)
After the close yesterday, Bill Ackman’s Pershing Square Capital hedge fund disclosed a 7.5% stake (20,080,690 shares) in embattled REIT General Growth Properties Inc. (GGP). Pershing Square purchased the subject shares and the swaps,…
Black Gold Doesn’t Help Black Hills (BKH)
Long after the market closed yesterday, Black Hills Corporation (NYSE:BKH) seriously reduced its guidance for 2008 and its outlook for 2009. Full-year EPS is now expected to come in at $2.00-$2.10, about 7.5% lower…
It’s Official: DRAM, The World’s Worst Commodity Business (MU)
The reports out of DRAMexchange are showing some good trends and some bad trends. The good trend is that every day DRAM and computing power is getting cheaper and cheaper for you and me. …
BHP, Rio Tinto: The Deal is Still Dead (BHP, RTP)
We’ve already conducted the post-mortem on the failed bid by Australia’s BHP Billiton (NYSE:BHP) for Britain’s Rio Tinto (NYSE:RTP). There are just a couple of details worth noting.
VeraSun: Who is that White Knight? (VSUNQ, CHSCP)
Ethanol maker VeraSun (VSUNQ) is currently in Chapter 11, and is spreading the suffering to growers because it has stopped buying feedstock (corn) that it can’t pay for. But never fear, help is on…
Top Pre-Market Analyst Upgrades (AWK, BDK, ERII, FRED, LEN, PSA, WMT)
These are some of the positive analyst calls and upgrades we are seeing early this Tuesday morning: American Water Works (AWK) Started as Buy at Societe General. Black & Decker (BDK) Raised to Buy…
Top Pre-Market Analyst Downgrades (DDR, FII, LM, PIR, SPLS, ULTA, WFMI)
These are some of the top downgrades and negative calls we are seeing from Wall Street analysts this Tuesday morning: Developers Diversified (DDR) Cut to Neutral at Goldman Sachs. Federated Investors (FII) Cut to…
Why Banks Lie: Because They Don’t Have An Answer (C)(BAC)(WFC)(JPM)(MS)(GS)(MER)
It was just this last summer that the heads of Merrill Lynch (MER), Lehman, and Morgan Stanley (MS) said the financial crisis had peaked and its energy was dissipating. It would be hard to…
Paulson’s New Program: Giving People Money They Can’t Afford To Spend
The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home equity loan, and the…
Google (GOOG): Web 1.0 Dies Without A Replacement
Google’s (GOOG) obscene five years of hyper-growth may be coming to an end. So far, the evidence of that in only anecdotal. Here and there advertisers are saying that the search engine does not…