Excluding special items, National Oilwell Varco (NYSE:NOV) reported second quarter 2008 income of $486.5 million, or $1.20 EPS. During the quarter, the company paid $62.5 million related to its merger with Grant Prideco, took…
Palm, Inc. (NASDAQ: PALM) has not been without its problems. But there seems to be a saving grace here with strong unit sales. The Palm Centro has now reached its 2-millionth unit sold. It…
It doesn’t take a rocket scientist to realize that the IPO market is limited or closed to most markets. But solid companies with solid growth stories can still tap the markets. Enter Rackspace Hosting…
SIRIUS Satellite Radio, Inc. (NASDAQ: SIRI) has finally completed its merger with XM Satellite Radio (XMSR). In fact, SIRIUS is the only surviving stock now as XM doesn’t trade any longer after last night. …
Valero Energy Corp. (NYSE:VLO) reported more bad news this morning on the earnings front, even though the bad news isn’t as bad as many feared. Second quarter income from continuing operations totaled $734 million,…
Australia, formerly the world’s largest penal colony, will loss three-quarters of its Starbucks (SBUX) stores this week. That totals 61 locations. Starbucks will only keep its stores in Brisbane, Melbourne and Sydney open. Right…
Google (GOOG) has a market cap of $150 billion. The company runs twenty properties each of some significant size from YouTube to Google Earth. Some of these operations probably add to Google’s overall value. …
These are some of the analyst downgrades and negative calls we are seeing early this Tuesday morning: Abercrombie & Fitch (ANF) Started as Neutral at Goldman Sachs. American Eagle Outfitters (AEO) Started as Sell…
These are some of the analyst upgrades and positive calls we are seeing early this Tuesday morning: Aeropostale (ARO) Started as Buy at Goldman Sachs. Amgen (AMGN) Raised to Buy at Citigroup. Dr. Pepper…
In an ironic bit of sloganeering, the current Merrill Lynch (MER) corporate promotion is "Even In Today’s Economy, There Are Smart Places For Your Money." It may not be lost on the shareholders of…
Alcatel-Lucent (ALU) CEO Pat Russo survived a string of quarterly losses and catastrophes at her company that would have put a lesser person down. She remained bloodied by unbowed as ALU reported tremendously poor…
FDIC Chairman Sheila Bair, perhaps looking for a break in the relentless storm of the financial crisis, said that only 13% of banks on the agency’s watch list actually fail. According to Reuters, "The…
In an 8-K filed with the SEC, JetBlue (JBLU) announced that CEO David Barger "voluntarily amended" his employment agreement to "reduce his base salary by fifty percent, from $500,000 per year to $250,000 per…
According to Reuters, Merrill Lynch (MER) said that it would sell $8.5 billion in stock and take large write-downs. Reuters report that KKR says the market slump is a good time to go public.
Markets in Asia were off sharply. The Nikkei fell 1.6% to 13,141. Ricoh was off 3.5% to 1697. Sony (SNE) was off 3.2% to 3210. Toyota (TM) was off 2.6% to 4750. The Hang…
Jim Cramer came out tonight on CNBC’s MAD MONEY discussing his trade idea for the satellite radio merger approval. This is to focus on the current situation and pitfalls for shares of Sirius Satellite…
A company that plans to compete with Google (GOOG) probably needs to get off to a good start. Google’s size and market share would make the task of getting into its business seem nearly…
If you reviewed our technical break-down call in Merrill Lynch (NYSE: MER) today at Volume Spike you might not be surprised about tonight’s news. The brokerage and investment banking firm is raising capital and…
Crocs (CROX) Crocs may actually be moving into the stage where its price and market cap are so low that it could become a takeover target. After announcing awful quarterly numbers and a weak…
On Tuesday morning, we’ll get to see earnings out of National Oilwell Varco, Inc. (NYSE: NOV). The oil rig and components manufacturer is expected to post $1.13 EPS on $3.2 Billion in revenues. Estimates…