Starbucks (SBUX) Rushes Into Europe
Starbucks (SBUX) is going to put another 150 stores in Europe. They are closing them in the US, so perhaps it all balances out. The coffee chain has come up against competition from places…
All Work
Douglas A. McIntyre
GM (GM) Runs Out Of Ground
Investors figure the only way that GM (GM) makes it out of its current troubles is that its overseas operations make money to offset trouble in the US. In the domestic market, GM is…
AIG (AIG): Better To Keep A Frightened Board Than Throw It Out
Some of AIG’s (AIG) big investors wanted to throw out management. But, that was not enough for them. With the smell of blood in their nostrils they have decided that the board of directors…
Citigroup (C): Pandit As Pollyanna
One of the hedge funds that Citigroup (C) bought from its CEO Vikram Pandit’s money management company, an operation called Old Lane, has gone belly-up. Pandit got $165 million from the deal and was…
Media Digest 6/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, InBev made $46.3 billion offer for Anheuser-Busch (BUD). Reuters reports that AIG (AIG) shareholders are demanding board changes. Reuters writes that the GM (GM) Europe sales chief sees a sales slump.…
Asia Markets 6/12/2008 (TM)(LFC)(SNP)(SNE)
Markets in Asia were down sharply. The Nikkei fell 2.1% to 13,889. NEC fell 4.5% to 547. Sony (SNE) fell 2.8% to 5130. Toyota (TM) fell 2.7% to 5400. The Hnag Seng dropped. 1.6%…
Anheuser-Busch Buyout, Round 1: $65 From InBev
Anheuser-Busch Companies Inc. (NYSE: BUD) came out and confirmed some discussions that were making the rounds today. The beer giant noted that it has received a unsolicited and non-binding $46 Billion proposal from InBev…
The 52-Week Low Club (MTG)(LCC)(RBS)(BAC)(MER)(CAL)(GHS)(EWBC)
MGIC Investment (MTG) Money still moving out of bond insurers. Down to $8.75 from 52-week high of $62.94. US Airways Group (LCC) Oil prices up driving airlines down. Company say fuel bill could move…
InBev/Bud Merger Closer? (BUD)
CNBC’s David Faber just broke news that InBev is closer to making a formal bid for Anheuser-Busch Companies Inc. (NYSE: BUD). He said that this bid could come in the next couple of weeks…
Wall St. Capitulates On Financial Shares (C)(MER)(BAC)(WB)(LEH)(AIG)
From the viewpoint of pessimists, it was just a matter of time. The run-up in financial shares which began in mid-March would be tomahawked by a flailing economy and the leprosy of mortgage-backed paper.…
S&P Hikes Amazon.com Corporate Credit Ratings (AMZN)
Standard & Poor’s Ratings Services has raised its corporate credit rating on Amazon.com (NASDAQ: AMZN) to ‘BB+’ from ‘BB’. While this is still junk status, it is now just a notch under "investment grade"…
Private Equity Still Outperforming Over Long-Term
Have you wondered if the current environment was going to signal the death or a serious blow to the end of private equity as we know it? It seems that the reports of private…
ETF Filed To Track Housing Prices (UMM, DMM)
MacroMarkets LLC has announced that its subsidiary MacroShares Housing Depositor has now filed with the Securities and Exchange Commission for exchange-traded securities that will allow investors to invest in the upward and the inverse…
New Commodity ETF/ETN (LSC)
NYSE Euronext has announced that the ELEMENTS(SM) S&P Commodity Trends Indicator Total Return Index ETN listed and began trading under the ticker symbol "LSC" on NYSE Arca. This ETN was issued by HSBC USA…
Martha Stewart (MSO): Firing The Wrong Person
Martha Stewart Living (MSO) CEO Susan Lyne was asked to leave the table today. Two other executives at the company replaced here. The market did not like the news and pushed the stock down…
Traders Bracing for Capstone Turbine Earnings Call (CPST)
Capstone Turbine Corporation (NASDAQ: CPST) is set to report earnings this Thursday, June 12, 2008 after the market closes and a conference call will follow at 4:45 PM EST. This stock is still extremely…
Agrium and Ag Still Rocking (AGU)
Agrium Inc. (NYSE: AGU) is seeing a surge in shares this morning after the agriculture player raised its guidance for part of 2008. The firm raised guidance for its second quarter to $2.80 to…
Goldman Sachs Conviction List Changes (LO, STT, MI, NGG)
Goldman Sachs has made some changes to its highly watched "CONVICTION" lists this morning. Lorillard (NYSE: LO) and State Street (NYSE: STT) were both added to the CONVICTION BUY LIST this morning. Marshall &…
Top 10 Pre-Market Analyst Calls (AA, ACAS, NLY, ARRS, BYD, CCJ, INTU, ISRG, MCHP, PETM)
These are ten of the analyst calls we are focusing on this Wednesday morning in the early pre-market hours: Alcoa (NYSE: AA) cut to Neutral at JP Morgan. American Capital (NASDAQ: ACAS) started as…
Slapping Sense Into Market, BP Chair Says $250 Oil Is Hogwash
No sooner than the CEO of Russia-owned oil company Gazprom said oil would hit $250 a barrel next year, the head of BP called him criminally insane. According to Reuters, Peter Sutherland, "the chairman…