Tomorrow’s the day that fertilizer maker Agrium Inc. (NYSE:AGU) will find out if its offer for competitor CF Industries Holdings, Inc. (NYSE:CF) is too good for shareholders to refuse. Agrium has mailed yet another…
TCF Financial Corporation (NYSE: TCB) has received approval from the U.S. Treasury to pay back TARP money it received. The bank will repurchase all of its 361,172 outstanding shares of Series A 5% Fixed…
Chinese solar PV maker Trina Solar Limited (NYSE:TSL) has signed a deal with three different German solar customers to deliver about 42 megawatts of photovoltaic modules in 2009. The announcement did not include any…
Citi upgrades Amazon.com (Nasdaq: AMZN) from Hold to Buy. Price target increased from $65 to $97. The Citi analyst highlights 3 Reasons To Buy AMZN – 1) Potentially faster than expected operating margin recovery;…
General Electric Co. (NYSE: GE), Cisco Systems, Inc. (NASDAQ: CSCO) and FPL Group Inc. (NYSE: FPL) are all over the media today about an event with the Miami, Florida, mayor for energy efficiency. A…
McMoRan Exploration Co. (NYSE:MMR) reported first quarter 2009 numbers this morning. The news was not good — an EPS loss of -$0.90, more than double analysts’ estimates of -$0.43, and down from EPS of…
Two of the largest oilfield services companies reported first quarter earnings today. Halliburton Company (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT) both came in close to analysts’ estimates, but that doesn’t look like it will…
John Tamny of RealClearMarkets In her timeless book Atlas Shrugged, author Ayn Rand chronicled the fictional doings of many great industrialists who were dealing with the greedy hand of government, including Hank Riordan. In…
SBA Communications Corp. (SBAC) has made two announcements this morning which could have an impact on shareholders. First, it reaffirmed its March quarter revenue targets of $132.0 million to $136.0 million, and Thomson Reuters…
These are the top ten analyst upgrades and downgrades we have seen from Wall Street this Monday morning: Amazon.com (AMZN) Raised to Buy at Citigroup. bebe Stores (BEBE) Raised to Outperform at FBR. Dynegy…
Larry Ellison, who built his reputation on being bad and bold, just got badder and bolder. His Oracle (ORCL) bought Sun (JAVA) making an end-run around IBM (IBM), which had hoped to pick up…
Bank of America Corporation (NYSE: BAC) is echoing the positive earnings of last week seen at other banking institutions. The stock is indicated lower on the individual credit metrics and the likelihood of profit…
It is bad enough that Richard Ramsden, a Goldman Sachs analyst, has a $1.50 price target on Citigroup (C), which is less than half of where the shares trade now. Ramsden is calling for…
In one of the surveys about national economic prospects that grabs big headlines but may say very little about real trends, the National Association for Business Economics is saying that companies think that the…
Banks are getting TARP money, but they are not using it to ease credit to consumers and businesses, at least to extent that taxpayers and some members of Congress believed that they should. According…
The Fortune 500, which has become one of the most useless exercises in business journalism, has been released again. It covers company financials for the year 2008. In this annual edition, Exxon Mobil (XOM) passed…
The federal government has come up with a new way of taking control of the nation’s largest banks without investing a dime. According to The New York Times, “Treasury Department officials now say they…
The Chinese government has become more aggressive about buying foreign assets. Chinese leaders recently said they would begin to make investments in Europe through their sovereign wealth fund. The country has capital available to…
The demands for the head of Citigroup (C) CEO Vikram Pandit have not ended and may rise to a crescendo again if the bank receives poor “stress test” ratings from the federal government. The…
According to Reuters, PepsiCo (PEP) is offering $6 billion for a number of its bottlers. Reuters reports that GlaxoSmthKline (GSK) is in talks to buy Stiefel Laboratories. Reuters writes that the US may convert…