The BHP (BHP) Deal For Rio Tinto (RTP): The Coroner’s Inquest
The BHP Billiton (BHP) offer to buy fellow mining company Rio Tinto (RTP) was one of the largest M&A deals in the known universe. At $62 billio, it was colossal. The lover’s pursuit had…
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Year: 2008
All Year: 2008 Articles
Newest first · Page 41Media Digest 11/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to MarketWatch, shares in Rio Tinto (RTP) dropped 40% after BHP Billiton (BHP) dropped its offer for the company. According to Reuters, Citigroup’s (C) assurances that it did not need capital is causing…
Asia Markets And Europe Open 11/25/2008
Markets in Asia were mostly higher after a rally in the US. The Nikkei was up 5.2% to 8,324. Canon and Honda (HMC) both rose. The Hang Seng was up 3% to 12,825. The…
Starbucks (SBUX) Says Its World Is Going To Hell
Starbucks (SBUX) finally admitted what every man, woman, and child over 13-years-old already knows–no one in his right mind will pay more than $1 for a cup of coffee no matter what a barrista…
Good News For Detroit: An Interview With Edmunds.com
24/7 Wall St. interviewed Jesse Toprak, Executive Director of Industry Analysis at Edmunds.com. One of the largest issues looking at November domestic vehicle sales is whether bankruptcy rumors are pushing buyers away from American…
Hewlett-Packard (HPQ): No Surprises, Pleasant Or Otherwise
Hewlett-Packard (HPQ) had spoiled any surprise about its earnings by telegraphing the numbers weeks ago. It made good on its promises. HP posted financial results for its fourth fiscal quarter ended Oct. 31, 2008…
The 52-Week Low Club (LFG)(HMA)(XTEX)
Landamerica (LFG) Merger deal with Fidelity National Financial falls apart and RBC Capital downgrades the stock. The daily double. Plunges to $.47 from 52-week high of $53.23. Health Management Associates (HMA) Jumpy trading. No…
S&P Bets Against Obama Car Bailout
S&P does not appear to be willing to bet that the new administration will want to or be able to bail out GM (GM), Ford (F), and Chrysler. If the credit rating agency is…
Citigroup Analyst Sees No Market Rebound
The market may be cheering the Citigroup (C) bailout, but one of the bank’s top analysts suggested that the cork go back in the bottle. There won’t be any party between now and New…
Pershing Square Capital Walks Away From Target (TGT) Deal, Investors Applaud
Pershing Square Capital is walking away from its idea of creating a REIT tied to locations owned by retailer Target (TGT). The capital markets may just be too horrible. Whatever the reason, the market…
Hedge Funds To Dump Another $200 Billion In Assets
One of the culprits that analysts point to as a cause of the falling stock market is hedge funds which have to pay back money owed to banks and cover redemptions by their shareholders.…
Tiger Woods Ends His Worst Endorsement Deal (GM)
General Motors (NYSE: GM) and Tiger Woods are calling their current endorsement deal quits. The company and the world’s greatest golfer have agreed to an amicable separation which will end his endorsement of GM…
What H-P Didn’t Tell You Ahead of Earnings (HPQ)
Hewlett-Packard (NYSE: HPQ) is expected to report earnings after the close of trading today. Last week, the company gave guidance which was ahead of plan and gave guidance farther out on the curve than…
What Path Will Nortel Take? (NT)
Nortel Networks Corp. (NYSE: NT) is one of the telecom equipment and networking stocks which just has not been able to get its act together. It has also been unable to find any serious…
Is Oil’s Down Escalator Finally Heading Up? (XOM, COP, CEO, PBR, REP, PTR)
Oil company share prices have been in near free fall for the past six months. Exxon Mobil (NYSE:XOM) is off about 20% from its 52-week highs and ConocoPhillips (NYSE: COP) is off about 50%,…