Belgian newspaper De Standaard has reported that Warren Buffett is prepared to throw the Busch family under the bus and support the InBev offer to buy Anheuser-Busch for $46 billion or $65 a share.…
After some deals in Asia overnight, Yahoo! now claims that its search feature is on 600 million phones. According to Reuters, "the mobile advertising market is expected to rise to $16.2 billion in 2011…
Disney (DIS) has recruited another clueless child, whose parents are undoubtedly surfeited with the idea of becoming multimillionaires, to be its next multimedia star. The new member of Disney’s stable is Demi Lovato, who…
Accoriding to MarketWatch, Belgian newspaper De Standaard reports that Warren Buffett support a takeover of Anheuser-Busch (BUD) by InBev. According to Reuters, economists think the PPI will rise 1%. Reuters writes that a key…
Markets in Asia were mostly lower. The Nikkei fell a fraction to 14,348. Mazda fell 3.5% to 584. NEC rose 2.5% to 583. The Hang Seng dropped .4% to 22,947. China Netcom (CN) rose…
Alcatel-Lucent (NYSE: ALU) announced after the close that it has signed a $1 Billion (one billion dollars) framework agreement for 2008 with China Mobile where it will provide mobile communication equipment and services to…
It hasn’t even been a week, and it appears that the proposed acquisition where Pier 1 Imports, Inc. (NYSE: PIR) wants to acquire the operations of Cost Plus Inc. (NASDAQ: CPWM) is going to…
What sort of would it be if you could only bet on sporting events by the results only? Who knows how much the bets were on the actual match going into sudden death today,…
Adobe Systems Inc. (NASDAQ: ADBE) has reported it earnings after the close. The software maker posted $0.40 net EPS and $0.50 non-GAAP EPS on $886.9 million in revenues, and both were above First Call…
Pilgrim’s Pride (PPC) Downgraded by Credit Suisse. Down to $15.67 from 52-week high of $41. Pepsi Bottling Group (PBG) Still troubled by problems at one of Coke’s bottlers. Down to $29.22 from 52-week high…
A fed filing today from FRANKLIN RESOURCES INC. (NYSE: BEN) indicates that Chairman of the Board Charles Johnson sold 400,000 on June 13 in two transactions at $104.78. The value of the transaction before…
Just when you thought alternative energy and solar couldn’t get hyped any more by any new players, well guess again. Intel Corp. (NASDAQ: INTC) announced it is spinning off key assets of a start-up…
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…
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…
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 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 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 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…
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, 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…