Dune Energy: Shrinking to Grow (DNE)
Dune Energy, Inc. (Amex: DNE) is selling off its Barnett Shale assets located in Denton and Wise Counties, Texas, for $41.5 million. The effective date of the sale will be May 1, 2008, with…
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Douglas A. McIntyre
BusinessWeek: Close The Magazine, Go Digital
BusinessWeek, which has been losing advertising pages at the rate of 15% or 20% for well over a year had a total of 24 ad pages it its most current issue. It is the…
Ballmer To Icahn: Give Me A New Yahoo! (YHOO) Board, The Perfect Trojan Horse
Steve Ballmer, CEO of Microsoft (MSFT), thinks the current board at Yahoo! (YHOO) are buffoons and wants them out before he negotiates to buy all or part of the company. That is according to…
Top 10 Pre-Market Analyst Calls (APKT, ARMH, BRCM, CPN, DIS, JNPR, KND, MRK, ONT, SU)
These are ten of the analyst calls with upgrades and downgrades we are focusing on this Monday morning in pre-market trading: Acme Packet (NASDAQ: APKT) cut to Underweight at JPMorgan; cut to Neutral at…
InBev And BUD: Pushing Out Another Board
Perhaps this will be the year when replacing corporate boards hits a record level. Carl Icahn wants to do it at Yahoo! (YHOO). Several large investors have been taking a run at AIG (AIG).…
Oil At $200 And A Two-Year Recession
The predictions of $200 oil have made it to the front page of The Wall Street Journal. They have been hanging around in less prominent places, but now they gain some further legitimacy. According…
Toyota’s (TM) Poor Call: No Prius In The Garage
The Toyota (TM) Prius, the most successful hybrid car in the world, is about to become even more fuel-efficient. According to Reuters, the company "plans to install solar panels on some Prius hybrids in…
The Worst Earnings Season In More Than Twenty-Five Years? (AAPL)(GE)(CSCO)(INTC)(T)(VZ)(MSFT)
The market took big dips in 2001 and 1987. One was due to a national catastrophe and another was focused on Wall St.’s impression that the market had run too far, too fast. The…
GM (GM) Tries To Save Itself
GM (GM) will try to save itself again. It may be too late. The company may already be in hospice The nation’s largest car company is considering dumping thousand of white collar workers and…
Media Digest 7/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes that broken…
Asia Markets 7/7/2007 (LFC)(SNP)(NTT)
Markets in Asia were mostly higher. The Nikkei moved up .9% to 13,361. NEC was up 2.4% to 587. NTT (NTT) was down 2.5% to 527000. The Hang Seng rose 1.7% to 21,784. China…
GE’s (GE) Earnings, Immelt, And Jack’s Ghost
For reasons that are impossible to explain, much of the mythology of the late 20th Century American CEO was placed Atlas-like on the shoulders of John Francis Welch, GE’s head man from 1981 to…
OPEC: India And China Will Keep Oil High
OPEC would still like its critics to believe that the level of its supply of oil to the world has nothing to do with crude prices. OPEC President Chakib Khelil still blames the dollar…
The 24/7 Wall St. Bankruptcy Odds Watch II (AMR)(UAUA)(NWA)(GHS)(DAL)(LHS)(LEH)(CAL)(WB)(F)(MNI)(AIG)
There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of the website…
Google (GOOG): The Failure Of YouTube
By Google’s (GOOG) standards, YouTube was not a terribly expensive acquisition. The search company’s market cap is about $170 billion. It paid less than 1% of that for the world’s largest video site. But,…
Citigroup (C): Another $8 Billion In Write-Offs
Citigroup (C) may be facing another $8 billion in write-downs in the second quarter. It may also cut 18,000 people soon and have to raise more capital. According to The Times, "Although Citi has…
Europe Banks Head Back To The Trough (C)(BAC)(WB)(MER)(LEH)
Europe’s banks need to head back out on the fund-raising circuit. They may have to bring in as much as $141 billion, according to Goldman Sachs. Reuters writes that this capital will be necessary…
This Week’s BioHealth & Biotech Top Stories
We saw another exciting week full of news for key developments in drug stocks, biotech stocks, medical device stocks, and other companies involved in various aspects of health care and medicine. Below are some…
Starbucks (SBUX): The Mess Gets Worse
Twelve thousand souls are losing their jobs at Starbucks (SBUX), mostly because Howard Schultz let incompetents run his empire while he was occupied elsewhere. It will always be open to debate whether things would…
Media Digest 7/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Goldman Sachs said European banks may have to raise another 60 billion to 90 billion euors to reach an aggregate Tier I ratio of 9 percent. Reuters reports that Caterpillar (CAT)…