It has been hard to not notice the movement and trading activity in Level 3 Communications Inc. (NASDAQ: LVLT). This set up an alert for us over at VOLUME SPIKE earlier this morning and…
Chimera Investment Corporation (NYSE: CIM) has filed with the SEC to raise up to $345,000,000 in new capital via the sale of common stock. Concurrent with this offering, the company will sell shares of…
GCA Acquisition (AMEX:GGA) has received anti-trust clearance related to its proposed $1.3 billion purchase of merchant power generator Complete Energy. Complete Energy owns two natural-gas-fired combined-cycle power plants: the 1,022-megawatt La Paloma plant near…
If US financial companies go shopping for more cash as the credit crisis drags on, Kuwait wants the world to know it has a big bank account. A good deal might just pull some…
The J. M. Smucker Company (NYSE: SJM) and The Procter & Gamble Company (NYSE: PG) Folgers unit have confirmed yesterday’s reports that the two companies are going to merge. The Folgers coffee business was…
RBC Capital Markets has issued a downgrade of the cellular and mobile tower sector this morning, which looks like it will weigh somewhat on the shares in the group. Its prior weighting was "Outperform"…
These are ten of the analyst calls we are focusing on this Wednesday morning in pre-market trading: Bristol-Myers (NYSE: BMY) cut to Neutral at Cowen. Marriott (NYSE: MAR) cut to Perform at Oppenheimer. Morgan…
Sony’s (SNE) PS3 has not sold as well as the Microsoft (MSFT) Xbox 360 or Nintendo Wii. But, the Japanese company has dropped prices and more games are coming out to add to the…
Motorola (MOT) may be close to finding a new CEO for its handset division. It is his job to do what two generations of management before him could not. He is being asked to…
India and China are starting to get the message that they cannot buy oil cheap and sell by-products like gas and diesel low. When the deficits start to hit hundreds of billion of dollars,…
AMD (AMD) is about to launch it new chip for laptops. It will be helpful to consumers who want extra-special graphics and should help save battery power. AMD’s share of the laptop market is…
Apple (AAPL) still has not penetrated on of the world’s largest cellphone markets–Japan. Now that is changing as one of the largest cellular carriers there, Softbank, will begin to market the phone. The move…
According to Reuters, domestic car sales took a huge dip in May. Reuters writes that UAL (UAUA) will announce more job cuts and rate cuts. Reuters reports that Yahoo! (YHOO) has set July 1…
Markets in Asia were mixed. The Nikkei rose 1.6% to 14,436. Honda (HMC) rose 8.6% to 3790. Nissan rose 5.3% to 974. Toyota (TM) rose 3.2% to 5,570. The Hang Seng was flat. China…
After the close of trading today, Standard & Poor’s announced that it is booting Ambac Financial Group Inc. (NYSE: ABK) out of the S&P 500 Index. The company’s size has gotten too small to…
Wachovia (WB) Sacking of CEO is still driving away shareholders. Down to $21.04 from 52-week high of $54.54. Sun Microsystems (JAVA) sells off on concerns that the company’s bad forecasts could get worse. Down…
Sun Microsystems (JAVA) hit a new 52-week low of $12.32. The market has believed for some time that the server company will have a poor year with relatively flat revenue and little or no…
GM (GM) reported a 28% drop in May domestic sales to 268,892 cars and trucks from 371,056 a year ago. Cars dropped 14% while trucks fell 37%. GM blamed strikes, including the three-month break…
If you have been a "diet" or zero calorie soft drink beverage drinker or have used artificial sweeteners on foods, there has always been the issue of "what are you putting into your body?". …
MarketAxess Holdings Inc. (NASDAQ: MKTX) has raised some $35 million from Technology Crossover Ventures. The financing involves the sale of preferred stock and warrants at a conversion price of $10.00 per share, which is…