Standard & Poor’s (via its Ratings Services) has placed its corporate credit ratings on Starbucks Corp. (NASDAQ: SBUX) on CreditWatch with negative implications. This pertains to the corporate ratings including the ‘BBB+’ long-term corporate…
Merrill Lynch has said what many people already believe. One of the large US car companies could go into bankruptcy. Merrill’s comments target GM (GM). The brokerage’s analysis is that the biggest US car…
Blockbuster Inc. (NYSE: BBI) is seeing a surge in early trading ahead of a long weekend. The company realized that the buyout interest of wanting to own Circuit City Stores Inc. (NYSE: CC) was…
Oppenheimer says that Merrill Lynch (MER) lost $5.8 billion in the second quarter. The analysis also says Merrill will cut is dividend. According to MarketWatch, Oppenheimer analyst Meredith Whitney also slashed Merrill’s full-year estimate…
American Science and Engineering, Inc. (NASDAQ: ASEI) has announced this morning that the company has received a $55.1 million contract from the Abu Dhabi Customs. The Customs Administration at Abu Dhabi, the largest emirate…
Fiserv Inc. (NASDAQ: FISV) has announced a rather interesting move, and interestingly enough all that will be accomplished on the surface is a direct shrinkage of the company. The company has announced that it…
These are not anywhere near all of the research upgrades & downgrades we are seeing, but here are ten of the impacting calls we have seen so far in early trading today: BJ’s Wholesale…
Energy Recovery, Inc. (NASDAQ: ERII) has priced its initial public offering of 14,000,000 shares of common stock at $8.50 per share, which was within the $7.00 to $9.00 range. Of these shares, 8,078,566 are…
Plug Power Inc. (NASDAQ: PLUG) and Ballard Power Systems (NASDAQ: BLDP) have extended their existing supply agreement through December 31, 2010, which was currently set to expire on May 1, 2009. Under the new…
ZONARE MEDICAL SYSTEMS, INC. has filed for an initial public offering to sell up to $86.25 million as the nominal securities amount. The company has applied to take on the stock ticker of "ZONE"…
Liquidnet Holdings Inc. has filed for an initial public offering to sell up to $500 million as the nominal securities amount. This is going to be a somewhat more complicated IPO as the structure…
A company called Alimera Sciences, Inc. has filed for an initial public offering to sell up to $75 million as the nominal securities amount. The company noted that all shares will be sold by…
It speaks volumes that Honda (HMC), an also-ran Japanese car company behind Toyota (TM) for years, had two of the top five selling cars in the US during June. It is a testament to…
UnitedHealth Group (NYSE:UNH) is again lowering its guidance. The company now sees $2.95 to $3.05 EPS on revenues of around $81 Billion range. Its prior guidance was $3.55 to $3.60. First Call has estimates…
With the price of oil moving up so sharply, the demand should go down. Those dynamics are immutable. The International Energy Agency, the big think tank in the industry, says demand will keep going…
Howard Schultz, the founder and CEO-for-life of Starbucks (SBUX) is almost completely responsible for the catastrophe at his company. Two years ago, he pointed out the problems with the coffee chain’s approach. He waited…
The theory goes that if 1,000 monkeys typed for 1,000 years, one of them could recreate the work of William Shakespeare. It is a bit like that in the GM (GM) executive suite. As…
If at first you don’t succeed, try, try again. Microsoft (MSFT) is lining up partners to buy Yahoo! (YHOO) and this time it is very likely to get what it wants. Yahoo!’s shares dropped…
According to Reuters, US car sales hit a 15 year low. Reuters writes that Paulson said the US is facing a tough Q2. Reuters reports that Starbucks (SBUX) will close 600 stores and cut…
Markets in Asia were mostly lower. The Nikkei fell 1.3% to 13,286. KDDI was down 3% to 642000. Honda (HMC) was off 1.1% to 3600. The Hang Seng fell 1.4% to 21,791. China Life…