Amazon (AMZN) Trumps Apple (AAPL)
Amazon (AMZN) appears to have landed a deal to get Sony BMG as a customer for its music download service on top of deals with EMI, Universal, and Warner, according to Apple (AAPL) Insider.…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 414Bank of America (BAC) Buys Countrywide (CFC) For $4 Billion
Bank of America (BAC) has bought Countrywide Financial (CFC) for about $4 billion. The move makes BAC the largest mortgage lender in the US. Douglas A. McIntyre
Europe Markets 1/11/2008 (AXA)
Markets in Europe were modestly lower at 7.10 AM New York time The FTSE fell .7% to 6,177. British Airways rose 4.5% to 280. Diageo fell 4% to 1009. The DAXX dropped .4% to…
A Reprieve On Write-Downs (MER)(C)
Merrill may have to write off another $15 billion for Q4. If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending them money. In…
No Recession For Some Big Companies (VZ)(CBS)(NWS)
The No.2 man at Verizon (VZ) told an investing conference that the telecom company was not seeing any effect from the economic slowdown. Management from News Corp (NWS) made similar comments recently. The head…
The Airline Merger Myth (NWA)(UAUA)(DAL)
After airline stocks took a nearly unprecedented beating during the last few weeks on concerns about higher fuel costs and a falling economy, they rallied like mad yesterday. Some of its may be that…
Is Countrywide (CFC) Worth 50% More?
Yesterday, news hit the market, beginning with a report in The Wall Street Journal, that Bank of America (BAC) was thinking of buying troubled mortgage bank Countrywide Financial (CFC). At one point CFC was…
Nasdaq Short Interest: Sellers Flee Big Tech
Based on the Nasdaq short interest in major stocks listed on the exchange as of December 31, shares short in most big tech companies fell. The numbers are compared to those on December 14.…
Media Digest 1/11/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy. Reuters writes that the November trade gap was greatest it has been since July.…
Asia Markets 1/11/2008
Markets in Asia were mixed, The Nikkei fell 1.9% to 14,111. Mitsubishi fell 3.9% to 2805. Sony (SNE) fell 1.7% to 6040. Yahoo Japan fell 3% to 48550. The Hang Seng fell 1.3% to…
Financial Mergers May Be Mandated Rather Than Preferred (WFC, CFC, BAC, AXP, ABK, MBI, BX, COF, WM, WFC, ETFC, BSC, GS, SLM, JPM, STI, FITB, WB, NLY, CIM, BRK-A)
There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector is coming…
American Express (AXP) Joins Line Of The Weak
American Express (AXP) said the economy is getting worse. The company will take a pre-tax charge of approximately $440 million (approximately $275 million after-tax) for the fourth quarter. In light of the fourth quarter…
The 52-Week Low Club (COF)(NT)(MW)(BKS)
Men’s Warehouse (MW) No one wants shirts, coats, and ties. Falls to $16.76 on bad same-store sales. Down from 52-week high of $56.64. Barnes & Noble (BKS) Poor sales and weak earnings. Books are…
Bank of America (BAC) To Buy Countrywide (CFC)?
A report at WSJ.com says that Bank of America (BAC) is in advanced talks to buy Countrywide (CFC). CFC shares are up 43% on the news Douglas A. McIntyre
NY AG May Be AMD’s Only Friend (AMD, INTC)
Intel Corp. (NASDAQ:INTC) is seeing shares down close to 2% today at $22.34 on word that New York Attorney General Cuomo is probing Intel on antitrust issues. The truth is that this is an…