Quasi-IPO FILING: Golden Minerals Company (GDMN)
An initial public offering filing has been made by a company called Golden Minerals Company, although we would rate this as a quasi-IPO that looks more like a secondary offering and not a full…
All Work
Douglas A. McIntyre
Chinese ADS IPO Filing: BJB Career Education Company (BJB)
Last night there was an initial public offering filing from a company called BJB Career Education Company, Limited. This is a Chinese IT training company and it plans to list its ADS’s on the…
Note About Hertz (HTZ) Financial Statements
There is an interesting note in the Hertz (NYSE:HTZ) lawsuit against research firm Audit Intergrity. Hertz claim that AI distributed false and defamatory statements about the rental car company when it put out its…
DragonWave Debuts In U.S. Listing (DRWI, CLWR)
DragonWave Inc. (NASDAQ: DRWI) is not exactly a new company nor is it exactly an initial public offering. The stock has traded on the Toronto Stock Exchange under the ticker “DWI” since 2007. It…
The Financial Leader Theme: Profit Taking (GS, C, SCHW, JPM, FAS)
Goldman Sachs Group Inc. (NYSE: GS), Citigroup, Inc. (NYSE: C), and The Charles Schwab Corporation (NASDAQ: SCHW) have all reported earnings. All came in above or in-line with estimates and there is not really…
Today’s Best Market Rumors (10/15/2009) (ERTS)(CLWR)(MSFT)(ARUN)(GS)(LAZ)
Updated throughout the day. Updated 2.15 PM: Electronic Arts (NASDAQ:ERTS) may buy social game business Playfish for $250 million. (Business Insider) Updated 1:40 PM EST: CKX Inc. (NASDAQ: CKXE) refuting reports that it is…
What Inflation?
We have just gotten the Labor Department’s measure of retail inflation measured by the Consumer Price Index. The September reading still has inflation running tame, and many will be watching for more of the…
Jobless Claims Taming, A Tad
The Labor Department’s report on weekly jobless claims came in at 514,000, slightly better than the estimates of 520,000 from Bloomberg. Thi was based against a prior 521,000 unrevised and based on a 524,000…
Top 10 Analyst Upgrades, Downgrades, Initiations (ACOR, IP, OPEN, PBR, SPWRA, ASML, LAZ, PETD, TRW, WDC)
These are this morning’s top 10 pre-market analyst upgrades, downgrades, and initiations which we have seen early from Wall Street research firms: Acorda (NASDAQ: ACOR) Raised to Buy at Merriman Curhan Ford; Raised to…
No Social Security Cost-Of-Living Increase For 2010
People collecting Social Security have been getting cost-of-living increases since the program to up payments went into effect in 1975. The inflation calculation used to set the increases was negative this year. The Administration…
Apple (AAPL) iPhone May Get FM Tuner
The devilishly clever engineers at Apple (NASDAQ:AAPL) have apparently discovered another way to sell songs though the iTunes store. Apple appears to be developing an FM tuner that will run on the iPhone and…
Flu Drug Sales Take Off
Roche earnings offered hope to the scores of biotech companies working on H1N1 treatments. The big pharma firm, which makes most of its money from cancer treatments, profited from the spread of the flu. Roche…
Foreclosures Hit Quarterly Record Giving Housing Market No Hope
There may be some signs of a sharply improving economy. The FOMC notes released yesterday show that the Fed believes that GDP will start to pick up quickly next year. The housing market is…
Media Digest (10/15/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Goldman Sachs (NYSE:GS) is having trouble justifying its huge bonuses. Reuters: Bruce Wasserstein, M&A giant and head of Lazard (NYSE:LAZ), died. Reuters: Congress will probe compensation at AIG (NYSE:AIG). Reuters: US foreclosures fell…
Asia Market And Europe Open (10/15/2009)
Markets in Asia were higher. The Nikkei rose 2.1% to 10,273. Sony (NYSE:SNE), Toyota (NYSE:TM), and Honda (NYSE:HMC) were all higher. The Hang Seng rose 1.1% to 22,125. HSBC (NYSE:HBC) was up. The Shanghai…
The FOMC Unemployment Blues
Buried deep in the Minutes of The Federal Open Market Committee for September 22 and 23 is the group’s forecast for joblessness. The committee’s conclusion is that “the unemployment rate moving down to about 9¼ percent…
Despite Marketing 101, The Rise of Captain Lou Albano
Although he did not wear an eye patch, Captain Lou Albano was the Hathaway shirt man of wresting and rock and roll. Albano was as improbable as celebrity as he was a professional wrestler. He…
The New York Times (NYT) Will Keep The Boston Globe
The newspaper industry must be looking up. Recently, Gannett (NYSE:GCI) said its last quarter was better than expected. Today, The New York Times Company (NYSE:NYT) said it would keep The Boston Globe which has…
M&A Legend Bruce Wasserstein Dies, Leaving Open Fate Of “The Deal” And “New York Magazine”
Bruce Wasserstein, one of the great M&A bankers in Wall St. history and CEO of Lazard (NYSE:LAZ) died at age 61. His passing leaves open the eventual fate of his two premier media properties…
52-Week High Club
Conseco Inc (NYSE: CNO) rallied 30% to a yearly high of $6.50 on news that Paulson & Co. had taken a large stake in the company as well as on news that the company…