Focus Media Holding Ltd. (NASDAQ: FMCN) has just posted earnings. Despite beating estimates, Wall Street isn’t trusting its guidance issues "from the earthquake." Total GAAP revenues grew 214.7% year-over-year to $161.6 million. GAAP net…
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has posted results well above estimates. It reported $539.8 million in net revenues, up more than 150% from last years $205.4 million due to the explosive Grand Theft…
Webster Financial (WBS) Bank needs to raise cash. Falls to $21.77 from 52-week high of $46.40. Pfizer (PFE) Concerns about product pipeline. Sells down to $18.45 from 52-week high of $27.33. Nokia (NOK) Drop…
If you read through the indictment charges reported around the web on Broadcom Corp.’s (NASDAQ: BRCM) co-founder and former CEO Henry Nicholas, it reads like something fit for tabloids. The thing is that it…
It made some sense for Level 3 (LVLT) to be up yesterday. It was. It moved from $3.53 early on June 3 to $4.07 yesterday. LVLT did sell its publishing business for $129 million,…
We have seen numerous transactions today in different FORM 4 filings where executives at both MBIA Inc. (NYSE: MBI) and AMBAC Financial Group Inc. (NYSE: ABK) have gone out into the open market to…
The artful dodger FCC chairman Kevin Martin hit the airwaves on CNBC today, When he was asked about the merger between Sirius (SIRI) and XM Satellite (XMSR) he said the the FCC has a…
Ford (F) will be cutting 15% of its white collar expenses before August 15. According to Reuters, Ford said "We told employees today we are going to cut salaried work force-related expenses by 15…
The big wireless merger has gone through. Under the terms of the agreement, Verizon Wireless will acquire the equity of Alltel for approximately $5.9 billion. Based on Alltel’s projected net debt at closing of…
Syntax-Brillian Corporation (NASDAQ:BRLC) is up to some more changes today. The company has appointed Greg Rayburn as Interim-CEO with an effective date of June 4, 2008. It says that Rayburn will replace James Ching…
Britannia Bulk Holdings Inc. filed to come public via IPO last night, although the range has already been set for the British shipping company. It plans to sell 8,333,333 shares in a price range…
Continental Airlines Inc. (NYSE: CAL) announced that it plans to cut 3,000 jobs and that CEO and President will lower their salaries for the remainder of the year. As far as addressing capacity, Continental…
These are ten of the analyst calls we are focusing on this Thursday morning: Adobe Systems (NASDAQ: ADBE) cut to Neutral at Cowen & Co. Allegheny Tech (NYSE: ATI) Cut to Neutral from Overweight…
The stories about the death of Wal-Mart (WMT) have been disappearing over the last few months as the world’s largest retailer posted remarkable sales. Now, there is nothing left to argue. During May, same-store…
Word from Vodafone (VOD), which owns part of Verizon Wireless, and other sources is that Verizon is looking at a purchase of Alltel, another cellular carrier. TPG Capital and Goldman Sachs Capital Partners own…
Everyone in the car industry waits for the once-a-year JD Power Initial Quality Study to come out. The poll looks at how many defects a car has in the first 90 days after the…
It is almost impossible to understand why business people could not use their RIM (RIMM) Blackberry devices to trade stocks until now. The Blackberry can run e-mail applications and the new versions can be…
The top story at WSJ.com today is that Bill Gates and Steve Ballmer, heads of Microsoft (MSFT), had a series of fights over control of the company. That was eight years ago. It may…
Most of the descendants of Sam Walton, the founder of Wal-Mart (WMT) have often been a quart low. That may be why none of them has run the company. One of his daughters raises…
According to Reuters, nuclear energy is beginning to make a comeback Reuters reports that Vodafone (VOD) said Verizon Wireless is in talks to buy Alltel. Reuters writes that Corporate Express will open its books…