Prospect Capital Corporation (NASDAQ: PSEC) has announced a public offering of 3 million shares of common stock, and Prospect will grant the underwriters a 30-day option to purchase up to an additional 450,000 shares…
GM (GM) falls as sales appear to falter. Down to $16.87 from 52-week high of $43.20. The Colonial BancGroup (CNB) Worries about bank failures push shares down to $5.65 from 52-week high of $25.50.…
Symantec Corporation (NASDAQ: SYMC) has slowly caught on fire over the last month. In fact, shares are now up close to 20% in the last month. We noted earlier in 2008 that John Thompson…
Sprint (S) put out promising news. Along with Clearwire (CLWR) and an investor group with big tech companies like Google (GOOG) and Intel (INTC), the wireless company will build a 4G network based on…
American Eagle Outfitters Inc. (NYSE: AEO) has been one of those great success stories for teens and twenty-somethings. Until last year and this year. For April, its same-store sales came in at +2%. This…
The case for housing and home building stocks may be this simple. When smart money comes into the industry, the bottom should be near. Unless smart money has an idiot fringe, an outpost of…
Wall St. could read the headlines one-by-one or taken together. Together, it was not a terribly good day. Consumer confidence plunged unexpectedly to its lowest in 16 years in May. According to Reuters "The…
24/7 Wall St., LLC has completed the purchase of several popular websites. The deal includes the current re-launch of two well known properties: The Biohealth Investor at BiohealthInvestor.com, a highly regarded site for investors…
Small businesses think the economy is falling apart with little light at the end of the tunnel. The Discover’s Small Business Watch index of confidence showed that "only 28 percent of business owners said…
These are ten of the analyst calls we are focusing on this Tuesday morning: AGCO Corp. (NYSE: AG) Raised to Outperform from Neutral at Credit Suisse. American Axle (NYSE: AXL) raised to Buy at…
Most analysts thought that write-offs of auction-rate securities at public companies would cost shareholders. That turned out to be right. The paper was taken on board by companies that believed that it was a…
Perhaps best that this is posted without comment. According to Reuters, "Companies with a board member who has ties to a winning political party enjoy a significant bounce in their share price following an…
News is slow the morning after Memorial Day, but to keep people glued to their screens, Reuters reports that Microsoft (MSFT) may buy UK online classifieds company Yell. Steve Ballmer did say that the…
Alan Greenspan, Warren Buffett, and George Soros have made a cottage industry from commenting on the odds for and state of a recession. None of them needs money for his comments, so they must…
MySpace, Facebook, and YouTube are among the most visited websites in the world. Unfortunately, no one can figure out how to make money from them. According to comScore, Facebook, the smallest of the three,…
The head of HSBC (HBC) had an epiphany. Unlike most bankers who constantly advocate lower interest rates, the head of Europe’s largest firm thinks rates must go higher. Michael Geoghegan, CEO of HSBC, told…
According to Reuters, small business sentivment is still shaky. Reuters writes that InBav may start Anheuher-Busch (BUD) takeover talks this week. Reuters writes that Asian central banks are propping up their currencies. Reuters writes…
Markets in Asia were mostly higher. The Nikkei was up 1.5% to 13,893. Honda (HMC) was up 2.2% to 3300. KDDI was up 2.7% to 690000. The Hang Seng rose 1.2% to 24,409. CNOOC…
With all its bleeding and huge losses, Wall St. should assume that the bad news is behind UBS (UBS). To repairs its balance sheet, the Swiss firm is making a 16 billion-franc rights offering.…
Solar energy may be the wave of energy’s future, but companies like Google (GOOG) and Chevron (CVX) may best start-ups in getting to the benefits. A number of large American companies with tremendous balance…