This weekend in Barron’s, the weekly publication published an article defending the valuation of Starbucks Corp. (NASDAQ: SBUX). Its article titled "Something Good Is Brewing" defened the company’s share price at current levels. We…
Nouriel Roubini, economist and dark knight of the current crisis, today savaged the Paulson bailout in an article posted at his website. Among his points: "purchasing toxic/illiquid assets of the financial system is not…
Wachovia Corporation (NYSE: WB) is the newest big bank that is being taken over in a government-sponsored deal. Citigroup (NYSE: C) is acquiring the bulk of the bank’s assets and liabilities in an FDIC-facilitated…
Cardinal Health, Inc. (NYSE: CAH) is going to shuffle things up. The healthcare products and services company plans a tax-free spin-off of its clinical and medical products businesses as a separate public company. The…
These are some of the top analyst upgrades we have seen this Monday morning with about two hours to the open: Alberto-Culver (ACV) Started as Buy at Goldman Sachs. China Mass Media (CMM) Started…
These are not all of the analyst downgrades this Monday morning, but these are some of the standout calls we have seen affecting shares early with more than two hours to the open: Apple…
The attention of the markets is focused in the wrong direction. The Treasury will probably get its $700 billion bailout bill. A number of banks and other financial firms will have their balance sheets…
Congress has built all kinds of protections into the $700 billion bailout to keep the average citizen from having to foot the bill. If assets sold to the Treasury by financial companies have not…
The bailout plan proposed by Treasury and likely to pass Congress this week has not been nearly enough to calm world markets. The Heng Seng fell over 4%. In Europe, at 5.35 AM, the…
According to Reuters, Congress is ready to vote on a $700 billion financial bailout package. Reuters reports that Belgian-Dutch group Fortis was nationalized Reuters reports that British mortgage lender Bradford & Bingley will have…
Asia markets fell on concerns that the US federal bailout may be too little, too late. The Nikkei was off 1.3% to 11,744. Toyota (TM) fell over 3% on concerns about a recession. Mizuho…
Two European financial firms fell apart during the last 24 hours. The U.K. government said that mortgage bank Bradford & Bingley is being nationalized after investors and lenders lost confidence in the group. B&B’s…
Banks and investment banks who watched Bear Stearns, Washington Mutual, and Lehman go down in flames have learned a lesson. Bank of America (BAC) moved too fast to buy Merrill Lynch (MER). If it…
The perverse view of Google (GOOG) as a "recession proof" company has already been given lie by the firm’s share price. Last week, the stock got as low as $421, near its 52-week low…
According to The Times of London, the Treasury is poised today to nationalize Bradford & Bingley, the troubled mortgage bank. The Times also reports that hedge funds and institutions could be forced this week…
Apple (AAPL) has begun the process of "unlocking" its new 3G iPhone, a move that caused controversy with the earlier version of the handset. The unlocked phone can be used on any wireless network.…
The bailout may be done. According to The Wall Street Journal, "U.S. lawmakers said a tentative deal has been reached to bailout the troubled financial system. Treasury Secretary Henry Paulson said bailout deal legislation…
The carnage and fallout from the Washington Mutual (NYSE: WM) failure on Friday was broad-based and very ruthless in the banking sector. Most companies had no news, yet speculation of exposure and related counterparty…
Research in Motion Ltd. (NASDAQ: RIMM) had a really bad week. In fact, the huge drop seen Friday broke so far under the prior 52-week low of $80.20 that you would have thought the…
The rumor mill and the deal-making mill might not be dead. The New York Times’ DealBook noted that Citigroup Inc. (NYSE:C) and Wachovia Corporation (NYSE: WB) were in early merger talks. Citi shares closed…