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.…
All Work
Douglas A. McIntyre
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…
Credit Problems Hit Europe Banks Harder Than US Counterparts
The bankers in Europe are bigger suckers than the bankers in the US. At least that is what the FT claims. It says "Of the $387bn in credit losses that global banks have reported…
Detroit Bloodbath Improves Productivity (GM)(TM)
Tautology has raised it ugly head in Detroit where car company executives insist that the more people they fire, the more productive they become. So they fire more people each month and repeat the…
Sovereign Funds Plan To Invade US Companies
Someone, or some entity, may have to sack the sovereign funds from the Middle East and Asia before they take over the Fortune 500. According to The Wall Street Journal "Despite their reputation as…
AIG (AIG): Betters Earnings Through Lying?
It is beginning to look like the Feds think AIG (AIG) may have misled investors when it valued some of the securities it held. Is it OK to cover-up earnings numbers? Perhaps AIG thought…
Shorts Sellers Look For Sharp Sell-Off In Financials (WM)(WFC)(WB)(FNM)(AIG)
Short sellers sharply increased their bets against big US banks based on data from the NYSE as of May 30. The number compare with those onMay 15. Short interest in Washington Mutual (WM) was…
Media Digest 6/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a survey of sovereign wealth funds found concerns about their investment is overblown. Reuters reports that Verizon Wireless (VZ)(VOD) will buy Alltel for over $28 billion. Reuters reports that AIG (AIG)…
Asia Markets 6/6/2008 (SNE)(LFC)(SNP)
Markets in Asia were mostly higher The Nikkei rose 1% to 14,489. Sony (SNE) rose 1.1% to 5480. Yahoo Japan fell 1.5% to 44200. The Hang Seng rose .8% to 24,446. China Life (LFC)…
Vanguard Splitting Some ETF’s; A Smart Move (VTI, VWO, VXF, MER)
There has been an interesting development in ETF Land, and it may actually help Joe Q. Public in its ability to own shares in each of these ETF’s. Vanguard Group is going to split…
Will Lehman (LEH) Pre-Announce Earnings?
CNBC is reporting that Lehman (LEH) may pre-announce earnings. Fears about huge losses in the last quarter have taken the stock from over $37 five trading days ago to under $30 early yesterday. Shares…