This morning we got to see the new equity holdings of T. Boone Pickens, via his BP Capital Management, L.P., as of March 31, 2009. Some of the higher stakes look to be in…
A light week, but still some interesting news-bits, from 24/7 Wall St. partner Apple Investor News:
The Biden family legal flap and Andrew Cuomo’s investigations shed light on the era of shadow banking. By Mark Gimein of The Big Money What is it about siblings and the White House? Jimmy Carter…
DryShips Inc. (NASDAQ: DRYS) is seeing its shares surge on news that it has received waivers from lenders. We have been expecting this for some time, and fairly recent reports of a share sale…
XOMA Ltd. (NASDAQ: XOMA) has seen shares on a tear yesterday and then again this morning. It was late yesterday that the company said it would also be entitled to royalties from its partner’s…
Photovoltaic solar maker Yingli Green Energy Holding Company Limited (NYSE: YGE) has announced a framework agreement with a subsidiary of AES Corporation (NYSE: AES) to supply PV solar modules to AES Solar Energy Ltd.…
With gold back well above the $900.00 mark, it seems that the SPDR Gold Shares (NYSE: GLD) and the Market Vectors Gold Miners ETF (NYSE: GDX) are trying to interpret a key gold earnings…
The Labor Department has just released its inflation data via Consumer Price Index readings, and it seems that inflation is still remaining tame. The headline and nominal CPI came in flat at 0.0% and…
We are seeing yet another wave of secondary offerings that have priced between yesterday’s close and this morning. The offerings we have seen come to more than $1 billion and are from American States…
It is looking a bit light on the analyst calls from Wall Street this morning. Here are Friday’s top upgrades and downgrades seen with more than two hours until the market opens: EnerSys (ENS)…
GM (GM) is about to notify about 20% of its dealer network that it will not renew its contracts with them when they expire next year. By most estimates well over 1,000 GM dealers…
The GDP of the Euro-zone is larger that that of the US and it is in just as much trouble. In the 16-nation alliance GDP dropped 4.6% last quarter. Germany’s GDP fell more than…
The federal government seems to think that many of the directors on the Bank of America (BAC) board are not qualified to serve. To solve that problem, the bank is being encouraged to find…
GM (GM) is getting close to a deal with the UAW which will allow the auto company to lower its annual expenses by $1 billion. It will also lead to the layoffs of another…
Video games and video game consoles are sold across a broad spectrum of consumers whether they are measured by income or region. The games are also inexpensive enough so that they should be a reasonable…
McDonald’s (MCD) did so well with its dollar menu that Wal-Mart (WMT) decided it will create one, too. The difference is that the Wal-Mart version will be merchandise and not food. McDonald’s philosophy of…
The Wall Street Journal regularly polls 52 prominent economists and asks them their forecasts for key indicators including GDP and unemployment. The results of the most recent poll were encouraging. The average of all…
Reuters SEC employees are under investigation for insider trading Reuters Treasury has approved several insurance companies for receiving TARP funds Reuters GM (GM) is close to a deal with the UAW. Reuters Bank of America…
Markets in Asia were higher. The Nikkei rose 1.8% to 9,266. The Hang Seng was up 1.8% to 16,945. The Shanghai Composite rose .2% to 2,645. In Europe, at the open, the FTSE was…
The Washington Post is reporting that the Treasury Department has granted approval for insurance companies to have access to TARP funds. It is not clear what that will do to the balance in the…