Apple (AAPL) Faces Potential Revenue Drop On iPhone
Apple (AAPL) is almost certain to make two changes to its iPhone pricing model when it releases version 2.0 next week. The first is that it will drop the price that consumers will pay…
All Work
Douglas A. McIntyre
Kerkorian: Ford (F) And The Making Of A Dunce
Kirk Kerkorian will end up owning more than 5% of Ford after he completes his current tender. He does not like to lose money, so if things don’t get better at the car company,…
Countrywide’s (CFC) Mozilo: Not An Ethical Bone In His Body
It turns out that Frank Mozilo, head of Countrywide (CFC), was passing out special mortgages to people including two former chiefs of Fannie Mae (FNM). Countrywide did business with the quasi-government operation, so being…
The Week’s Top Biotech Movers For Next Week (TRCA, ACOR, ISPH, ONCY, PCYC, SQNM, IDEV, LGND, AUXL)
Out of the daily movers this last week, many of the top winners and losers were from news in many of the smaller biotech stocks. We prepared a list of the winners and sinners…
Analyst: Nortel At $23.00… Gutsy or Crazy? (NT)
A Canadian boutique firm called Paradigm Capital Inc. issued a rather extremely bold call on Nortel Networks Inc. (NYSE: NT) this morning. Paradigm noted how unusually low the valuation is on the stock with…
The 52-Week Low Club (GM)(AIG)(BAC)(NCC)(WM)
Washington Mutual (WM) More banking concerns. Hammered to $7.12 from 52-week high of $44.19. Bank of America (BAC) Death to all bank stocks. Sees $30.56 from 52-week high of $52.96. National City (NCC) More…
S&P Lifts Mosaic To Investment Grade (MOS)
The Mosaic Co. (NYSE: MOS) has just received an Investment Grade rating from independent ratings agency Standard & Poor’s Ratings Services. The bond rating service has raised its corporate credit rating on to ‘BBB-‘…
FTC Investigation on Intel No Help Yet for AMD (INTC, AMD)
Intel Corporation (NASDAQ: INTC) has issued a response to the issuance of a subpoena from the Federal Trade Commission in the US. The processor and chip giant noted that it was served a subpoena…
FTC Rains Antitrust On Intel (INTC)
Intel (INTC) is already the target of several antitrust actions. Now the FTC wants on the wagon. According to The New York Times "The investigation into accusations that Intel’s pricing policies have been designed…
Stock Buybacks This Week (TROW, TECD, TRI, CTS)
This week was pretty light in the week of share repurchase announcements, and most of these were mere add-on buybacks to existing plans. Here are some of the plan additions announced this week: T.…
Oil Stocks Not Following Oil (XOM, CVX, COP)
Oil on last look was up huge at $134.36 per barrel, up $6.58 from yesterday’s gains in what is one of the larger two-day moves in recent trading. Israel’s transportation minister said that if…
OGE Energy Files For Debt Sale (OGE)
OGE Energy Corp. (NYSE: OGE) has filed with the SEC for its Oklahoma Gas and Electric unit to sell up to $700 million in senior notes. The filing says the company may offer from…
BGC Partners Prices Secondary (BGCP)
BGC Partners, Inc. (NASDAQ: BGCP) priced its public secondary offering of 820 million shares at $8.00 per share. According to the company, 10,000,000 of these are primary shares, 3,926,178 of which are secondary shares…
The Train Wreck At Gatehouse Media (GHS)(MNI)(GCI)
The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the next Journal Register. JRC, as it…
Trina Solar Beats, Fails To Please (TSL)
Trina Solar Limited (NYSE: TSL) has just posted its quarterly earnings report. The solar player posted net revenues increased to $120.7 million, up 183.6% year-over-year and 19.0% sequentially; while net income was $12.9 million…
IPO FILING: Acclarent
A company called Acclarent, Inc. has filed to come public via an IPO of up to $86.25 million in common stock. The company hasn’t selected an exchange or ticker, but noted that it will…
PrivateBancorp Juices Up Secondary Offering (PVTB)
PrivateBancorp, Inc. (NASDAQ: PVTB) has announced that it increased the size of its secondary offering to a proposed 4 million shares and it priced the secondary offering at $34.00 per share. As far as…
Top 10 Pre-Market Analyst Calls (BBY, CLMS, FDRY, GHL, HUGH, JEF, LM, MCK, MXB, PNRA)
These are ten of the analyst calls we are focusing on this Friday morning: Best Buy (NYSE: BBY) Cut to Hold from Buy at Deutsche Bank. Calamos Asset Management (NASDAQ: CLMS) Cut to Underperform…
UBS Cuts Communication Towers (AMT, CCI)
UBS has downgraded the US communications towers sector this morning, in a similar move seen just two days ago from RBC Capital. The firm has downgraded Crown Castle (NYSE: CCI) and American Tower (NYSE:…
GM (GM): We Have Made Our Bed, But Will Not Sleep In It
There was nothing wrong with relying heavily on pick-ups and SUVs for the bulk of GM’s (GM) sales. That is what CEO Rick Wagoner told the FT. The fact that "light trucks made up…