SourceForge, Inc. (NASDAQ: LNUX) announced after the close that its President & CEO Ali Jenab has resigned from the company, with an effective date of today. Interestingly enough, Ali Jenab had been at the…
Verizon (VZ) had two piece of news for investors today. The first is that it fiber-to-the-home cable killer, FiOS is being built out faster than expected. All 18 million of the homes it passes…
AMBAC (ABK) Brutal sell-off in some financials. S&P cuts some securities covered by the insurer. Down to $1.74 from 52-week high of $89.33. Verasun Energy (VSE) Corn up, ethanol stocks down. Hits bottom at…
In yet another beloved move by ‘independent ratings agencies,’ Moody’s Investors Service has placed the Debt Ratings (not equity) of Yum Brands Inc. (NYSE: YUM) on review for a possible downgrade. The company’s senior…
The Energy Information Administration says that gas prices will peak at $4.15 in mid-August. Honest. According to Reuters," Last month, the EIA projected gasoline prices would peak in June at $3.73 per gallon of…
A company by the name of Mistras Group, Inc. has just filed to come public via an SEC Filing. The proposed sale amount for filing purposes is $172.5 million in gross proceeds. The book-running…
There were some interesting and somewhat expected comments out of the new CEO of Gap Inc. (NYSE: GPS), Glenn Murphy. He was speaking today at the Piper Jaffray 28th Annual Consumer Conference. Murphy noted…
Shares of XTO Energy Inc. (NYSE: XTO) are trading higher after announcing a rather large acquisition. The company is acquiring privately held Hunt Petroleum Corp. for some $4.2 Billion in cash and stock. The…
Pinnacle Airlines Inc. (NASDAQ: PNCL) might as well have its wings clipped if you look at the news from this morning. Delta Air Lines, inc. (NYSE: DAL) has given notice of contract termination regarding…
United Rentals Inc. (NYSE: URI) is seeing shares surge in pre-market trading. It seems it is doing what the old private equity acquisition couldn’t do. It isn’t going private, but it is cleaning up…
Yesterday, the energy sector gained 1.69%, as money flowed into ExxonMobil (NYSE:XOM), up 2.63%; ConocoPhillips (NYSE:COP), up 3.07%, Transocean (NYSE:RIG), up 3.21%; and Apache (NYSE:APA), up 6.04%. Other big gainers were oilfield services companies,…
Overstock.com, Inc. (NASDAQ: OSTK) has announced its official debut of its real estate search application through the O-Hot Value Indicator. The company site can be accessed at http://realestate.overstock.com. Overstock believes the site is unique…
Cisco Systems (NASDAQ: CSCO) is acquiring Denmark-based DiviTech A/S, which is noted as a leader in the digital-service management (DSM) market with a solution that offers media broadcasters, cable and Internet Protocol Television (IPTV)…
American Superconductor Corp. (NASDAQ: AMSC) announced this morning that it has received a $450 million follow-on order from China’s Sinovel Wind Corp. Ltd. for core electrical components. The components will be used for 1.5…
These are some of the top analyst calls we are looking at this Tuesday morning: ArvinMeritor (NYSE: ARM) Raised to Buy From Neutral at Goldman Sachs. BTU International (NASDAQ: BTUI) Started as Overweight at…
Buy land. They ain’t making any more of the stuff.–Will Rogers Corn prices, up 47% this year, are likely to rise again. The heavy rain in the Midwest is killing off some of the…
Gannett (GCI) may take as much as $3 billion in non-cash write-downs for some of its assets. It is that bad in the newspaper industry. The charge would cover as much as 20% of…
Incentives for buying SUVs and pick-ups are getting so large that soon the car companies will pay customers just to clear out inventory. GM (GM) announced another round of cash-back deals, some as high…
At one point in time it was "a chicken in every pot and a car in every garage". These days that extends to touchscreen phones and PCs. Before the Apple (AAPL) iPhone, very few…
UBS (UBS) may lose money every quarter from now until the end of time. As the Swiss bank raises $16 billion, it has acknowledged that past deficits may not be the last of it.…