For those who have not noticed, Sirius (SIRI) and XM Satellite (XMSR) are trading near multi-year lows. That is odd since many investors believe that the FCC will approve their merger. The agency may…
Newspapers have been hit by so many arrows that it is a miracle that they are still standing. As internet ads have taken away much of their revenue and costs of printing and transportation…
According to Reuters, Yahoo! (YHOO) rejected a tie up with Google (GOOG) before the Microsoft (MSFT) bid. Retuers writes that loses may force Lehman (LEH) to raise another $3.4 billion. Reuters reports that GM…
Markets in Asia were mostly lower. The Nikkei fell 1.6% to 14,209. Canon fell 2.3% to 5660. Honda (HMC) fell 3.3% to 3490. The Hang Seng dropped 1.8% to 24,374. China Life (LFC) fell…
Senior Housing Properties Trust (NYSE: SNH) has just announced that it has commenced a proposed secondary public offering of 10,000,000 common shares. the company expects to use these proceeds to repay debt and for…
Gatehouse Media (GHS) Hard period for newspaper stocks. Falls to $3.75 from 52-week high of $20.15. Royal Bank of Scotland (RBS) Fear about more write-offs sends bank stocks down. Drops tpo $4.48 from 52-week…
Standard & Poor’s has come out with a report that is actually weighing down on the entire market even though it is sector specific. The ratings agency has cut ratings on several major brokers…
There was some interesting news over at Franklin Resources, Inc. (NYSE:BEN) today. The company manages the Templeton Dragon Fund, Inc. (NYSE:TDF), a closed-end mutual fund run by legendary emerging market investment manager Mark Mobius…
Rockies Express Pipeline, LLC today announced that it has received certification from the FERC for the third and final phase of it’s 1,697-mile, 42-inch natural gas pipeline running from western Wyoming to eastern Ohio.…
Harris Corp. (NYSE: HRS) is seeing shares down 15% at $55.66 on almost 4-times average trading volume today. This is after the company said it wasn’t for sale after it was believed that offers…
A lot of analysts thought that Cerberus management, usually so clever and sharp, made a buffoon’s move when they bought into Chrysler and GMAC. The auto market immediately went South. It turns out the…
There is a complicated merger in the Chinese telecom market, which is part of the government mandate to consolidate a fragmented telecom industry in China. China Unicom Ltd. (NYSE: CHU) has formalized a deal…
Billions of dollars in losses and a falling stock price can cost a CEO his job. Wachovia (WB) announced today that its current Chairman, Lanty Smith, has been appointed interim Chief Executive Officer, succeeding…
The new version of the Apple (AAPL) iPhone should hit Europe next month. It will be much less expensive for consumers to buy because Apple will also cellular providers to underwrite the price of…
These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading: Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley. Blue Nile (NASDAQ: NILE) started as…
Central banks are sick of big banks losing money by putting cash into instruments which are poorly understood and financially dangerous. So, why not may it extremely expensive to buy them? According to the…
If the smart money is right, the price of oil is going down. According to Bloomberg "Hedge-fund managers and speculators reduced bets on higher oil prices by 80 percent since July as crude futures…
The sales of PCs and servers, especially in the US and Europe, is slowing due to market saturation. The same holds true for cellular phones. Chip companies now have to rely on improved sales…
There have been rumors that the economy in China might slow. They have gone on for almost a year. Now, the evidence is mounting that the growth of GDP in the big Asia country…
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for quick decisions…