SEC Faces Trouble With B of A (BAC) Settlement
By Douglas A. McIntyre The federal judge who was supposed to approve a $33 million settlement between Bank of America (BAC) and the SEC over omissions in the bank’s proxy statement for approving the…
All Work
Douglas A. McIntyre
US Postal Service To Offer 30,000 Workers Buyouts
The US Postal Service may be able to drive up the national rate of unemployment all on its own. The USPS will offer 30,000 workers buyouts. It has 650,000 workers, so that number is…
JoS. A. Bank Expanding Further (JOSB)
JoS. A. Bank Clothiers, Inc. (NASDAQ: JOSB) is one of the more unique clothing and apparel stocks out there. The company has managed to grow revenues in recent years, and despite the economy it…
Apple (AAPL): Processor Power May Be Key To Tablet Sales
Nokia (NOK) is launching its netbook, a 10″ screen model which weighs 2.75 pounds and runs Windows. It comes into a remarkably crowded market. But, launching a product for the segment is nearly irresistible.…
24/7 Wall St. TV: The Deficit Forecast Moves Above $9 Trillion
The Administration raised its budget deficit forecast for the next ten years to $9.05 trillion from $7.1 trillion, an astonishing 27% increase. The new estimate is much closer to the number that the Congressional…
Sony’s New Reader Seeks Premium Pricing (SNE, T, AMZN)
Sony Corporation (NYSE: SNE) must be betting that it can retake the lead and it must be betting hard that the economic recession’s effects of creating high price-sensitivity are soon to end. In the…
Brand Image: Did Mackey Really Hurt Whole Foods? (WFMI)
Whole Foods Market, Inc. (NASDAQ: WFMI) has been under fire of late from outside groups, although this time it is not over the founder’s secret web posting, not over a merger and antitrust issues,…
China Networks Set to Move off Pink Sheets to AMEX (CNWHF)
China Networks (OTC:CNWHF), which went public through SPAC Analyst Acquisition, is prepared to trade again on the AMEX after being moved to the OTC Pink Sheets for failing to maintain mandatory shareholder minimums.
Top Day Trader Alerts (ARAY, COCO, GME, HGSI, NVAX, BCRX, SIRI)
These are this Tuesday’s top day trader and active trader alerts with more detailed price and volume data and analysis provided by links to each story at VSInvestor.com: Accuray Incorporated (NASDAQ: ARAY) is down…
Top Analyst Upgrades (CSTR, COST, GOL, GOOG, HAR, LOW, MA, TWX, V, WCRX)
These are the early morning analyst upgrades and positive research calls we have seen from Wall Street analysts this Tuesday morning: Coinstar (CSTR) Started as Overweight at Thomas Weisel. Costco (COST) raised to Market…
Top Analyst Downgrades (ASH, CSIQ, CMM, VALE, ENER, SPWRA)
These are the early analyst upgrades and downgrades seen from Wall Street analysts early this Tuesday morning: Ashland (ASH) Cut to Neutral at Susquehanna. Canadian Solar (CSIQ) Cut to Neutral at Macquarie. China MAss…
A Cynical View Of Bernanke’s Reappointment
The number of reasons for President Obama to reappoint Ben Bernanke as Fed chairman greatly outnumber the reasons for letting him go and putting someone like Larry Summers in his place. Bernanke is viewed…
Oil Prices, Nearly Doubled This Year, Make A Run At $100
Oil prices have moved between $73 and $60 since early June. Crude now trades at the high end of that range, defying occasional news of double-dip recessions and low demand in the US and…
The E-Book Goes To China
Sony (SNE) and Amazon (AMZN) could have a new and large market for their e-book readers. The head of China Mobile (CHL), the largest cellular company in the world, sees part of his firm’s future…
GM’s Board Goes On Offense
GM has been trying to sell Opel for months and has talked to nearly every company in the world that has any interest in owning an auto firm and can prove it can make…
Bank Of America (BAC) Says Merrill Bonuses Were Just Fine
The settlement over Merrill Lynch bonus payments that has been negotiated between the SEC and Bank of America (BAC) is a sham. The compensation that was paid was legal, after all. Why should the…
Media Digest 8/25/2009
Reuters: Bernanke will be reappointed as Fed chief. Reuters: New deficit projects could hurt Obama’s plans. Reuters: The SEC and Bank of America (BAC) asked a judge again to approve a deal regarding Merrill…
Asia Markets And Europe Open 8/25/2009
Markets in Asia fell. The Nikkei dropped .8% to 10,497. Toyota (TM) moved down slightly. The Hang Seng was off .8% to 20,389. The Shanghai Composte dropped 2.6% to 2,916. At the open in…
World Poker Tour Becoming Part of PartyGaming (WPTE)
WPT Enterprises, Inc. (NASDAQ: WPTE) has announced that Peerless Media Ltd., a subsidiary of PartyGaming Plc, has agreed to purchase substantially all of WPTE’s operating assets other than cash, investments and certain excluded assets. …
Vitacost.com Sets IPO Terms (VITC)
Vitacost.com, Inc. has set the terms for its upcoming IPO. The online and catalog seller of vitamins, supplements, and other personal care products is selling 11 million shares, with 4,495,987 shares being sold by…