Try to balance the conventional wisdom about airline stocks. Audit Integrity has AMR (AMR) and Continental (CAL) on its list of large American companies most likely to go bankrupt. UBS upgraded several carriers to…
Update: Verizon (VZ) may consider buying DirecTV (WSJ) Update: The Apple (AAPL) iPhone will cost an extraordinarily high $303 in China but the monthly service fee will be as low as $18.45 on the…
The economy is obviously getting better, so long as you are not one of the unemployed or about to lose your job. Now with more than a 50% rally from the March lows and…
HSBC (HBC) is the largest bank in Europe, by most measures. Its CEO will be relocating to Hong Kong from London early next year, an indication of the rise of Asia and the fall…
The federal government’s Shared National Credit (SNC) Review for this year found $53 billion in losses on large loans held by U.S. bank organizations, foreign bank organizations, and nonbanks such as securitization pools, hedge…
GM’s fairly new CEO Fritz Henderson did not get his job as recently as the car company’s chairman Ed Whitacre did, but neither has been in his current role for even a year.
The stock market did not fall apart at the seams, but it did very poorly on news that existing home sales dropped last month by 2.7% to a rate of 5.1 million. That was…
Short sellers posted a mixed record on big banks. Short interest in Citigroup (C) plunged by 73% to 177.5 million shares. The short interest in Bank of America (BAC) was down 18% to 82.2 million.…
Reuters: The G20 is taking center stage in the new economic world order. Reuters: Bank losses from large syndicated loans will hit $53 billion this year. Reuters: One Fed governor said the agency may…
Markets in Asia fell. The Nikkei slide 2.8% to 10,269. Nomua fell sharply as did Mitsubishi UFJ (MTU). The Hang Seng fell a fraction to 21,042. China Mobile (CHL) and HSBC (HBC) fell. The…
Dr. Reddy’s Laboratories (NYSE: RDY) hit a yearly high of $19.32 today, building on momentum initiated yesterday when it was reporeted that the company had received approval from regulators to distribute its high blood…
Shares of RIM (RIMM), maker of the Blackberry, closed the regular session at $83.06 immediately after announcing earnings. Revenue for the second quarter of fiscal 2010 was $3.53 billion, up 37% from $2.58 billion…
Strauss Zelnick, former record exec, and former WSJ publisher Gordon Crovitz will buy BusinessWeek, (MHP) which was yesterday rumored to be closing. (BW) Nokia (NOK) will buy travel social network Dopplr for $20 million. (TechCrunch)…
Now that Barrick Gold Corp. (NYSE:ABX) has raised $4 billion or so to buy out its hedges, the company is set to enjoy an expected run-up in gold prices. In early trading today, Barrick…
Angola’s state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon announced that it had…
SPACupdate.com monitors live deals involving blank check companies, associated stock and warrant transactions and relevant personnel moves. GHL Acquisition Co. (AMEX: GHQ) completed its merger, bringing public satellite operator Iridium Holdings. The company’s…
For news and details on stocks that will be trading significantly up or down on volume, visit Volume Spike Investor. Today’s coverage includes Hercules OffShore (HERO), Conexant (CNXT), Vical (VICL), and Helicos BioSciences (HLCS).…
Microsoft (MSFT) felt compelled to deny a rumor that it would buy Electronic Arts (ERTS) after shares in the game company rose over 7% on speculation of a deal. BusinessWeek had to say that…
There has been some hope that with a modest recovery from the recession that holiday retail sales would pick up this year. Those hopes appear to be premature. The high levels of unemployment and…
The employee bloodletting in the automotive industry is not confined to the US where hundreds of thousands of factory workers have lost their positions over the last decade. The largest car company in Russia…