GE (GE): A $100 Billion Share Buy-Back
GE (GE) shares reached a five plus year low today, at $28.38 as a JP Morgan analysts called for the company to sell off more units. While GE has auctioned off some modest parts…
All Work
Douglas A. McIntyre
Nokia (NOK) Offers New Smartphone, No RIM (RIMM) Blackberry Service
Nokia (NOK) has come to market with two smartphones aimed at business users. They do not have RIM (RIMM) Blackberry e-mail services, so new customers and IT officers will have to start from scratch…
Sirius (SIRI) Faces The Music
The day it was clear the Sirius (SIRI) and XM Satellite (XMSR) would get the FCC green light for their merger was supposed to be a red letter day. With the agency’s staff and…
Adobe Braces For Earnings (ADBE)
Adobe Systems Inc. (NASDAQ: ADBE) is set to report earnings after today’s close of trading. The estimates from First Call are $0.46 EPS on $880 million in revenues. As far as what is ahead,…
Boardwalk Fully Committed on New Pipeline (BWP, CHK)
Boardwalk Pipeline Partners LP (NYSE:BWP) announced that it has signed a 10-year binding agreement with Chesapeake Energy (NYSE:CHK) for natural gas transportation on Boardwalk’s new Fayetteville Lateral pipeline. The pipeline is expected to begin…
McClatchy (MNI) Bleeds To Death, Cuts Workforce
McClatchy posted disastrous advertising revenue numbers for May. Total ad sales at the company fell 16.6%. Total revenue was down.15.1%. With the top line falling that fast, it is hard to say how long…
Fertitta Takes Landry’s (LNY)
Landry’s Restaurants, Inc. (NYSE: LNY) has announced that it has entered into a definitive agreement with Fertitta Holdings, Inc. Fertitta has agreed to acquire all outstanding common stock for $21.00 per share in cash. …
Clean Diesel Technologies Signs Another License (CDTI)
Clean Diesel Technologies, Inc. (Nasdaq:CDTI) has announced a strategic license agreement with Hilite International, Inc., a supplier of automotive powertrain components headquartered in Cleveland. The company also has design and manufacturing facilities in North…
Top 10 Pre-Market Analyst Calls (AG, T, VZ, GME, GE, IVGN, PPC, SNDK, SPWR, WEN, YRCW)
These are ten of the analyst calls we are focusing on early this Monday morning: AGCO Corp. (NYSE: AG) Raised to Outperform from Market Perform at Wachovia. AT&T (NYSE: T) & Verizon (NYSE: VZ)…
Apple (AAPL) Financial News Flash 10128
Deutsche Telekom (DT) is set to sell the new Apple (AAPL) iPhone for $1.54 to push demand. The sale will come with a large subscriber commitment to monthly use and an equally large bill.…
IBM (IBM) Advances Solar Power
IBM (IBM) is doing something important and will probably make money at it to boot. According to The Wall Street Journal, "Tokyo Ohka Kogyo Co. will work with IBM to develop processes and equipment…
Cisco’s (CSCO) Bogus Projections For Online Video Growth
Cisco (CSCO) sees an explosion of online video use. Most analysts think that this has already happened, but the router company says otherwise. Since they make their money from hardware which manages much of…
Sony (SNE) To Launch New Show Online, Alienate Customers
Sony (SNE) is about to launch it new "Angel of Death" program online. It hopes the trick will get people to buy the DVD of the show down the road. Content companies now release…
AIG (AIG): Blame It On Hank Greenberg
Martin Sullivan, the CEO of AIG (AIG), was sent to the guillotine yesterday. The beheading of financial company chiefs is now so commonplace that crowds don’t even gather anymore to witness the practice. As…
FCC Approval Of Merger Comes As Sirius (SIRI) and XM (XMSR) Near Failure
Several media reports say that the merger of satellite radio companies Sirius (SIRI) and XM (XMSR) will be approved based on FCC staff recommendations. Once that process is done, there will be negotiations about…
Media Digest 6/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, AIG (AIG) fired its CEO and replaced him with the company’s chairman. Reuters reports that Carl Icahn says the Yahoo! (YHOO) deal with Google (GOOG) has merit. Reuters writes that the…
Asia Markets 6/16/2008 (LFC)(SNP)
Markets in Asia were mostly higher. The Nikkei rose 2.7% to 14,354. Kyocera rose 5.6% to 10720. Mitsui rose 5% to 2520. The Hang Seng rose 1.8% to 23,005. China Life (LFC) rose 2.9%…
AIG (AIG) Chief Thrown Out
Big losses and having to raise $20 billion has been too much for AIG’s (AIG) largest investors. They are expected to get their way today. The AIG board will jettison CEO Martin Sullivan. According…
Who Gets The CEO Job At Lehman (LEH)? A List Of Candidates
Dick Fuld, CEO of Lehman (LEH), may lose his jobs soon. Someone has to step in if the brokerage’s stock keeps falling. The company board knows that. Lehman’s COO and CFO has already been…
Barclays (BSC) Goes To Asia As Sovereigns May Rescue Another Bank
A large number of the banks and brokerages in the US and EU have turned to sovereign funds in Asia and the Middle East to replenish their reserves after taking huge losses on mortgage-backed…