SPAC IPO FILING: China Energy Partners Inc.
There was another SPAC IPO filing last night. A company called China Energy Partners Inc. has filed to sell units for stock and warrants for up to $402.5 million total, although the initial filing…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 422Citigroup (C) Write-Downs To Hit $15.3 Billion
KBW analyst Diane Merdian now estimates Citigroup (C) will take $15.3 billion in writedowns in the fourth quarter tied to mortgage-backed debt and collateralized debt obligations, instead of the $11 billion previously estimated, according…
With Crummy Jobs Report, The R-Word Is Far Closer
Non-farm Payrolls increased a mere 18,000 jobs versus an expected 50,000 and the unemployment rate rose to 5.0% from 4.7% in November. Hourly earnings rose 0.4%. It also looks like the the total number…
Goldman Sachs Raises Apple & Microsoft Estimates (AAPL, MSFT)
Goldman Sachs is raising estimates on both Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) today: On Microsoft (MSFT), Goldman Sachs has noted how the company "kicked itself out of the doldrums and outperformed" with an 11%…
Top 10 Pre-Market Analyst Calls (ALL, GLW, DISH, GM, INTC, ITG, JNJ, PNM, RESP, UPL)
These are not the only top analyst calls impacting share prices this morning, but these are the main calls that 247WallSt.com is focusing on in pre-market trading this Friday morning: Allstate (ALL) raised to…
For The Economy, The Primaries Don’t Matter
The Iowa voting is over and the upsets are recorded. But, with the primaries about to begin in earnest and with the winners to be chosen before mid-year, it hardly matters to the economy…
Europe Markets 1/4/2008
Markets in Europe were mixed at 6.50 AM New York time. The FTSE was up .7% to 6,525. BP (BP) was up 1.5% to 645. BHP Billiton (BHP) was up 2.9% to 1644. The…
GM’s (GM) Mad Forecast
The people at the GM (GM) headquarters must have had too much to drink over the holidays. According to Reuters GM "expects overall 2008 U.S. auto sales to be about the same as the…
Digital Music Downloads Move Up 45% In 2007
Score another one for Apple (AAPL) and its iTune service which some experts say has 70% of the digital music download market. According to The Wall Street Journal "the number of digital tracks sold…
A Big Quarter For The Xbox, But Why Is Microsoft (MSFT) In The Business?
Microsoft (MSFT) sold 4.3 million Xbox 360s in Q4. The company’s "Halo 3" game helped that. Reuters reports that the company was pleased with itself: "Holiday 2007 was a blockbuster season for the gaming…
Sirius (SIRI) Gets More Subscribers, But Can It Stay In Business?
Sirius (SIRI) announced that it ended the year with 8.3 million subscribers, a 38% increase. What it did not mention is that it also exited the year with about $1.3 billion in debt and…
PC Companies Go After Apple (AAPL) Mac
PC companies are going after the Apple (AAPL) Mac. Hewlett-Packard (HPQ) and Dell (DELL) are building new laptops with more colorful housings, better processors, and nicer screens. The sales of the Mac are growing…
Fox Business Network (NWS); Dead On Arrival
No on watches Fox Business. Perhaps a few agoraphobics and people who are unemployed. According to The New York Times, the average number of people watching Fox Business on weekdays is 6,300. The figures…
Media Digest 1/4/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Microsoft (MSFT) sold 4.3 million Xbox 360 video consoles in the last three months of the year, helped by its "Halo 3" game. Reuters writes that US auto sales were weak…
Asia Markets 1/4/2008
Markets in Asia were mixed. The Nikkei fell 4% to 14,691. NEC (NIPNY) fell 6.6% to 481. Sony (SNE) fell 6.6% to 5790. The Hang Seng rose 2.4% to 27,520. China Petroleum (SNP) rose…