Archive

Year: 2013

All Year: 2013 Articles

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Apple Faces Harsh Punishment for E-book Price Fixing

JoeInQueens, via Wikimedia CommonsThe Department of Justice today submitted a proposed remedy to the federal court that will issue penalties on Apple Inc. (NASDAQ: AAPL) next week following the court’s finding in early July…

Paul Ausick · 13 years ago

Carl Icahn Weighs In on New Dell Offer

courtesy Dell Inc.Activist investor Carl Icahn filed suit yesterday to prevent the special committee of the board of directors at Dell Inc. (NASDAQ: DELL) from changing the record date for voting purposes on the…

Paul Ausick · 13 years ago

RadioShack Debt Gets Even Junkier

ThinkstockAfter markets closed last night, Standard & Poor’s downgraded the already junk-rated debt of RadioShack Corp. (NYSE: RSH) from ‘CCC+’ to ‘CCC’. That’s eight notches below investment grade. S&P’s outlook on the company remains…

Paul Ausick · 13 years ago

Athlon Energy Drills IPO Glory Hole

ThinkstockIndependent oil & gas exploration & production company Athlon Energy Inc. (NYSE: ATHL) sold approximately 15.8 million shares this morning at $20 a share in an initial public offering (IPO) that raised net proceeds…

Paul Ausick · 13 years ago

Is a Charter Communications Buyout Being Overly Forced?

ThinkstockCharter Communications Inc. (NASDAQ: CHTR) may have a checkered past, but the cable television service provider likely will be next on the block of the cable and TV media mergers. Time Warner Cable Inc.…

Jon C. Ogg · 13 years ago

Michael Dell Sweetens Deal for His Namesake Company

courtesy of Dell The special committee of Dell Inc.’s (NASDAQ: DELL) board of directors has agreed to a new, sweetened offer from founder Michael Dell and Silver Lake Partners to take the company private.…

Paul Ausick · 13 years ago

Merrill Lynch Really Likes AIG Earnings, Dividend and Buyback

Wikimedia CommonsThe research team at BofA/Merrill Lynch is all over the earnings, dividend and stock buyback news from American International Group Inc. (NYSE: AIG). The firm is reiterating its Buy rating, but more importantly…

Jon C. Ogg · 13 years ago

Chevron Earnings Stymied by Refining

courtesy of Chevron Corp.Chevron Corp. (NYSE: CVX) reported second-quarter 2013 results before markets opened this morning. The oil and gas supermajor posted diluted earnings per share (EPS) of $2.77 on revenues of $55 billion.…

Paul Ausick · 13 years ago

Coal Miner Alpha Natural Resources Cannot Get Untracked

ThinkstockAlpha Natural Resources Inc. (NYSE: ANR) reported second-quarter 2013 results before markets opened this morning. The coal miner posted an adjusted diluted earnings per share (EPS) loss for the quarter of $0.59 on revenues…

Paul Ausick · 13 years ago

Unemployment Drops in July, but Payroll Gains Are Scant

Ed Brown, via Wikimedia CommonsFriday’s Labor Department report on the employment situation is now out. July’s unemployment rate fell to 7.4% from 7.6% in June, which was under the Bloomberg estimate of 7.5%. The…

Jon C. Ogg · 13 years ago