Dendreon Corporation (NASDAQ: DNDN) was started with a Buy rating and a $36.00 target at Deutsche Bank. The call’s positive expectations are mixed near-term, but the assumption is that Provenge will become a blockbuster…
Analysts have said that Apple (AAPL) does not need Steve Jobs. Apple shares are up 60% since he took a break to work on his health with his doctors. Because the form of cancer…
Analysts watching the housing market are about to see whether falling real estate prices will bring buyers back into the market. Many home shoppers believe that the value of houses will fall another 10%…
The Fed and the Treasury have put pressure on Citigroup (C) to create a new board of directors. Richard Parsons, the bank’s chairman, is well on his way to doing that. The hopes are…
The developed countries are beginning to view China as one large vulture fund which bankrolls companies that it controls to buy up key overseas asset at prices undermined by the recession. The resulting tensions…
The most significant and measurable failure of the economic stimulus package, the so-called American Recovery and Reinvestment Act of 2009, is its inability to quickly create jobs. The $787 billion set of programs, which…
Reuters: Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP). Reuters: US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the TARP. Reuters: Countrywide’s Mozilo…
Markets in Asia were mixed. The Nikkei rose 1% to 9,766. The Hang Seng was up .1% to 18,516. The Shanghai Compsite fell .5% to 2,754. At the open in Europe, the FTSE was…
Everyone loves to follow Apple Inc. (NASDAQ: AAPL), particularly ahead of its big investor and developer conferences. And if you track the top website rankings of the top 100 and top 1,000 overall websites…
CNBC’s David Faber just reported that the SEC will be charging former Countrywide CEO Angelo Mozilo with insider trading and disclosure violations for stock sales from 2006 and beyond. Interestingly enough, Faber noted that…
Valero Energy Corp. (NYSE: VLO) may have caused some irreparable harm to itself and to shareholders this week. Losing money is just not something that the investing public was ready to stomach. Dumping news…
Freddie Mac has announced a sharp increase in the 30-year fixed-mortgage rate. Information released by the agency says that rates moved to 5.29% for the week ending today, up from 4.91% a week ago.…
General Dynamics (NYSE: GD) entered into a definitive agreement to acquire Axsys Technologies, Inc. (NASDAQ: AXYS) in a deal that is at a high premium if you consider the recent rally. But this merger…
by Olga Pierce, ProPublica Half a million Americans lost their jobs in April, meaning there are now officially 14 million unemployed workers, the highest percentage in 25 years, and the strain on the unemployment…
Morgan Stanley does not think that the new Palm (PALM) will do much for Sprint (S). The reasoning is that the carrier will sell about 1.5 million units of the Pre in the first…
There is a growing confidence among Chief Executive Officers. A report by Chief Executive magazine noted that there is another strong resurgence in May from responses by top executives. The reading for May came…
There have been rumors recently that Time, Inc., the Time Warner (TWX) publishing division and the largest magazine operation in the country, might be spun off to shareholders in much the same fashion that…
Intel Corporation (NASDAQ: INTC) has made what many will consider as a strange merger, but there is more to this merger than meets the eye and this will give Intel higher ticket sales with…
The Labor Department has just released its weekly jobless claims data at 621,000. The prior week’s reading was revised to 625,000 from a prior reading of 623,000. The consensus estimates from Bloomberg were for…
It took Goldman Sachs (GS) long enough to raise its target price for oil to $85. The investment bank waited until crude was close to $70 after a fairly fast increase from under $40…