by Christopher Flavelle, ProPublica Federal agencies have now spent more than $100 billion on contracts, grants, loans, and entitlements, according to Recovery.gov, the site mandated by Congress to track stimulus spending. Combined with the…
SPACupdate.com produces reports on blank check companies, stake purchases and live deal situations. Three blank check companies: 2020 ChinaCap Acquiro (AMEX: TTY), NRDC Acquisition (AMEX: NAQ) and Capitol Acquisition Co. (AMEX:CLA), are all…
Reuters: China may hold the key to a sanctions program against Iran. Reuters: The head of the AIG (AIG) unit that caused most of the firm’s losses is back in US. Reuters: The G20 has…
Market in Asia were mixed The Nikkei was higher by .9% to 10,100. Honda (HMC) rose. The Hang Seng was up by 2.3% to 21,060. The Shanghai Composite dropped .3% to 2,755. At the…
Well, back in the history of American finance, the public and some members of Congress were lead to believe that Bank of America (BAC) bought Merrill Lynch as a way to save the world’s…
“If our cash flows and capital resources are insufficient to fund our debt service obligations, we may be forced to reduce or delay capital expenditures, sell assets, seek to obtain additional equity capital or…
3Com Corporation (NASDAQ: COMS) rallies over 6% to $5.39 following a positive earnings release on Thursday. Aspect Medical Systems (NASDAQ: ASPM) rallies over 55% to $11.91 on news that Covidien had agreed to buy…
Close to one out of three people in the world has downloaded an app from the Apple (AAPL) App store. Or, a much smaller number of people have downloaded ten or twenty apps on…
Shares in MEMC Electronic Materials Inc. (NYSE:WFR) have been downgraded from ‘Buy’ to ‘Hold’ by Citigroup (NYSE:C). MEMC makes crystalline polysilicon wafers used in some photovoltaic solar cells, and the market appears to be…
Chesapeake Energy Corporation (NYSE:CHK) has created a 50/50 midstream joint venture with Global Infrastructure Partners that includes a significant portion of Chesapeake’s midstream assets in exchange for $588 million in cash. The new venture…
Updated regularly throughout the day. Update: Rusal, the world’s biggest aluminum firm, may have an IPO on The Hong Kong exchange. The company is controlled by Russian oligarch Oleg Deripaska and has $7.4 billion…
According to Volume Spike Investor, these are the bigger movers of the day: Aspect Medical (ASPN) up sharply on buy-out. Cal-Maine (CALM) down on earnings (details). Big moves in Xerox (XRX) and ACS (ACS)…
John Tamny of Forbes James Grant, editor of the eponymous Grant’s Interest Rate Observer, recently described himself in the The Wall Street Journal as a “glass half-full kind of fellow.” But despite his…
Dell (DELL) paid a price that it could not defend, at least financially, for Perot (PER) earlier this month. Xerox (XRX) has decided to follow Dell down the same road by paying an extraordinary…
A123 Systems Inc (NASDAQ: AONE) is still likely going to be one of the highlights of trading activity for the week, but the valuation is all based on the future rather than on the…
There are reports from around the world that Google (GOOG) has changed its logo to “Googlle” for the day to celebrate its 11th birthday. The reports on the temporary logo have come in from…
The notion that swine flu will hurt the economic recovery in the fourth quarter has gone from a theory to a reality. The number of states that reported widespread infection went to 26 last…
The Administration made its decision two weeks ago to put extremely large tariffs on tires from China, an action that the government of the world’s most populous nation will likely take through the WTO…
BP claims that there may be 200 billion barrels of oil and oil equivalents under the region above the Arctic Circle. Norway is exploring the area of its northern coast in the belief that a…
Reuters: Solvay sold its drug unit to Abbott (ABT) foe $6.6 billion. Reuters: Kraft (KFT) will launch a hostile bid for Cadbury. Reuters: The World Bank said not to take the dollar’s role in…