US Cries Foul On TARP Warrants
The Congressional Oversight Panel which keeps track of the effectiveness of the TARP program claims that the government has gotten much too little for the warrants it received as part of the loans that it gave…
All Work
Douglas A. McIntyre
UBS (UBS) Tells IRS It Won’t Get 52,000 Client Names
UBS (UBS) told the IRS and Justice Department to go to hell. The agencies want the names of 52,000 customers who may have evaded taxes in transactions with the big Swiss bank. According to…
AIG (AIG) Needs To Pay Big Bonuses
AIG (AIG) wants to pay a number of its “key” employees as much as $235 million. Most of the bonuses are meant to retain these people. The Washington Post reports that the reason behind the…
Media Digest 7/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Pandit bought time at Citigroup (C) with a management reshuffle. Reuters: Obama’s healthcare and climate plans are running into resistance. Reuters: AIG (AIG) will pay more executive bonuses in July. Reuters: The new…
Asia Markets And Europe Open 7/10/2009
Markets in Asis were slightly lower. The Nikkei fell a fraction to 9,287. The Hang Seng was off .2% to 17,769. The Shanghai Composite was down .3% to 3,114. At the open in Europe,…
DryShips Plays Acquirer (DRYS)
DryShips Inc. (NASDAQ: DRYS) is making an acquisition. The marine transporter for drybulk cargoes and off-shore contract drilling services will acquire the remaining 25% of the stake in Primelead Shareholders. Primelead will become a…
CoTweet, Major Brand Twitter-Platform Gets VC Funding (WFMI, SBUX, MSFT, JBLU, F, PEP, S, KO)
No one knows how to value social media’s dominant players. The real value for Facebook, LinkedIn, MySpace is elusive (and less than before). Twitter is one of these businesses which suddenly has all the…
Bing’s Growth Versus Google Dominance (MSFT, YHOO, GOOG, IACI)
Everyone has been trying to figure out how much Bing from Microsoft Corporation (NASDAQ: MSFT) has been able to take in search market share from Yahoo! Inc. (NASDAQ: YHOO) and Google Inc. (NASDAQ: GOOG). …
Biotech Business Daily (RIGL, BIIB, ARRY, ALNY, FOLD, HALO, AOB, STEM)
Here are some of the top stories affecting key drug and biotech stocks that have links through to more in-depth coverage and analysis today at the website BioHealthInvestor.com: Rigel Pharmaceuticals Inc.’s (NASDAQ: RIGL) Phase…
When Buffett Wants Another Stimulus (BRK.A, BRK.B)
Warren Buffett of Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) is essentially supporting a second stimulus package. He gave an interview to ABC’s “Good Morning America” and said that the economy is not in…
A $12 Billion Shelf Filing from GE Capital (GE)
General Electric Capital Corporation, the hard-hit and recently criticized unit of General Electric Company (NYSE: GE), has just filed an automatic shelf registration with the SEC. Usually these are just normal operating procedures for…
Citi Reshuffles Management Ranks (C)
Citigroup Inc. (NYSE: C) is announcing some key management changes. While this is not a CEO change as many expect to ultimately see, this is still a rather large shake-up and is very similar…
Top Day Trader Alerts (AA, CENX, NTAP, DDUP, EMC, RIGL, NVAX, HGSI, CPKI, SCSC)
These are some of the this morning’s top day trader alert stocks to watch based on pre-market and after-hours volume activity. These have links through to more detailed trading and volume analysis covered at…
The Sub-600K Jobless Numbers Arrive, With a Thud
The Labor Department has just released its latest round of weekly jobless claims. This was a huge reduction to a level that is finally under 600,000. The number came in at a revised -52,000,…
ETF Reverse Splits Have Arrived… More Looming? (FAS, FAZ)
When we first floated the notion that Direxion may need to consider conducting a reverse stock split on its two Triple-Leverage cult ETFs for the financial sector, this was a notion that was not…
Top Analyst Upgrades (DOX, CVX, GS, ILMN, INTU, KBH, HOT, WU)
These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street early this Thursday morning: Amdocs (DOX) Raised to Outperform at Oppenheimer. Chevron (CVX) Started as Buy at…
Top Analyst Downgrades (COP, EXBD, GET, NSR, PSA, GOLD)
These are the top pre-market analyst downgrades or cautious research calls we have seen from Wall Street this Thursday morning: Conoco Philips (COP) Started as Sell at Societe Generale. Corporate Executive Board (EXBD) Cut…
With Michael Jackson, Internet Video Comes Of Age
Video delivered over the internet was supposed to be the next big thing in media. The problem is that internet video has been high on the list of “next big things” for years. The…
Higher Oil Prices? OPEC To Cut Investment In Production
OPEC is no longer talking much about oil supply. It has changed its focus to the investment that its members make in exploration and production. That may change the psychology of how traders look…
The Recession Is Still Biting Costco (COST)
Investors looking for a retail recovery won’t find it at Costco (COST). The big box discount store operator said that sales in June fell 6% in stores that had been open at least a…