Nokia (NOK) Pushes Into Africa
It would not surprise many people to hear that there are not a ton of cellphone in Africa, especially when Egypt and South Africa are taking out of the mix. Nokia (NOK) wants to…
All Work
Douglas A. McIntyre
Oil Prices: Better Profits Through Cheating
Regulators are going to look more closely at the trading of oil. According to The Wall Street Journal "U.S. regulators disclosed a broad nationwide probe into potential oil-market manipulation and said they are expanding…
Google (GOOG) Beats Yahoo! (YHOO) Like A Rented Mule
comScore (SCOR) and other analysts made the mistake of saying that Google’s click-through rates on the text advertising that runs next to its search results we not doing very well in Q1. Earnings from…
US Air (LLC), United (UAUA) On Again, Off Again Talks Are Off Again
The press alternates between reporting that United (UAUA) and US Air (LCC) are in merger talks one day, and not in merger talks the next. According to Reuters "United Airlines and US Airways have…
Ford Motor Credit Hurts Recovery, Independence
VW says it want a bigger market share in the US. Much bigger. With the tremendous competition in the world’s largest car market, it may not get there, unless it can buy its way…
Media Digest 5/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, merger talks between United (UAUA) and US Air (LCC) has been halted. Reuters reports that a US oil probe is focusing on price manipulation. Reuters writes that April insured mortgage defaults…
Asia Markets 5/30/2008 (SNP)(PTR)
Markets in Asia were mixed The Nikkei rose 1.5% to 14,339. Honda was up 5.1% to 3530. Sony (SNE) was up 3.9% to 5280. The Hang Seng was up .4% to 24,291. China Petro…
Lehman Ponders Wind & Solar Alternatives (LEH)
Lehman Brothers Holdings Inc. (NYSE: LEH) has announced that it is "considering" strategic alternatives for its SkyPower Corp. unit in Canada to augment its growing capital base and accelerate development of its wind and…
Capital Senior Living Farther On Strategic Review (CSU)
Capital Senior Living Corp. (NYSE:CSU) has announced that a Special Committee of its Board of Directors has engaged Banc of America Securities, part of Bank of America (NYSE: BAC), as its financial advisor. …
J. Crew Falls Off Rowboat (JCG)
Shares of J. Crew Group, Inc. (NYSE: JCG) are drowning in after-hours trading. The apparel retailer posted over 20% gains to $0.48 EPS on a 15% rise in revenues to $340.6 million. First Call…
Dell Sails Past Estimates (DELL)
Dell, Inc. (NASDAQ: DELL) came out with a solid quarter today after the close, and shares are seeing some after-hours love. The company showed $0.38 EPS on $16.08 Billion in revenues. First Call had…
The 52-Week Low Club (TTM)(RBS)
Tata Motos (TTM) Concern about company taking on financial obligationt to buy Jaguar and Rover. Falls to $13.62 from 52-week high of $21.30. Royal Bank of Scotland (RBS) Bank cannot sell its insurance unit.…
UN Wants Genetic Crops (MON)
The UN sees food prices staying high for years.That not only undermines much of the global economy, it means a great many people don’t eat at all. The UN’s solutions are to kill bio-fuel…
Estimates Crept Up Ahead of Dell Earnings (DELL, HPQ, EDS)
After today’s close, we’ll get to see earnings out of Dell, Inc. (NASDAQ: DELL). First Call shows that the computer giant’s earnings estimates have changed slightly since our post over the holiday weekend. It…
Legislation and Risks To Natural Gas Development (CHK, WMB, XTO, OXY, APA, EP, DVN)
The American Exploration and Production Council (AXPC) today released a study by Wood Mackenzie, an energy consulting firm, claiming that costs to the natural gas industry associated with the pending alterations to the Lieberman/Warner…
Rating The Online Financial Sections At The Top 25 Newspapers
The war for newspapers to stay profitable, and, perhaps long-term, to stay viable has become a race between the fall-off in their print advertising and the increase of their online sales. Based on a…
A Dell (DELL) Buy-Out Of Sun (JAVA): Not Likely
There have been rumors that Dell (DELL) may feel it needs to do something with Sun (JAVA), now that Hewlett-Packard (HPQ) has cut a deal to buy EDS (EDS). Dell may need to grow…
Claymore Converts Closed-End Fund to ETF (RYJ)
Claymore Advisors, LLC has announced that the Board of Trustees of the Claymore/Raymond James SB-1 Equity Fund (NYSE: RYJ), a diversified closed-end mutual fund, along with the Board of Trustees of the Claymore Exchange-Traded…
Premier Exhibitions Resolves NY A.G. Inquiry (PRXI)
Premier Exhibitions Inc. (NASDAQ: PRXI) has resolved its Attorney General inquiry with the State of New York. This inquiry was a significant overhang on the company, which has been seen in its share prices.…
Sears Earnings Smear (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) posted a loss this morning, and it is being reflected in the shares. The retail giant controlled by Eddie Lampert saw a $56 million loss, which translated to -$0.43…