InBev May Buy Anheuser-Busch (BUD)
Word from the FT is that beverage leviathan InBev may make at $46 billion bid to buy Anheuser-Busch (BUD). BUD shares are up almost 7% on the news, moving above its previous 52-week high.…
All Work
Douglas A. McIntyre
GE (GE) Breaks To Another 52-Week Low
GE (GE) has reaffirmed guidance and will sell off its appliance division. That has been not enough to keep sellers at bay. Shares in the conglomerate moved down to $30.52, a new 52-week low.…
Asset Acceptance Capital Shareholder Unloading Stock (AACC)
Asset Acceptance Capital Corp. (NASDAQ: AACC) made a filing with the SEC late Thursday showing that the company has filed to sell 10.932 million shares of common stock in a secondary offering. These shares…
IPO Withdrawn: IPC Systems
IPC Systems Holdings has withdrawn its IPO in a filing with the SEC on Thursday. No formal reason was noted, but since it said in the filing that "it has determined not to pursue…
Halliburton Ambitions as an Acquirer Grow, Sort Of (HAL, GS)
Halliburton (NYSE: HAL) has made a conditional offer to Expro International, a British oil field services company, to acquire the company for 1.7 billion pounds (about $3.36 billion). What is interesting is that Expro…
Top 10 Pre-Market Analyst Calls (AAPL, MT, BLK, BRCM, CCL, RCL, DELL, LLTC, NSM, PSUN, JAVA)
These are ten of the analyst calls we are keying in on this Friday morning: Apple (NASDAQ: AAPL) added to CONVICTION BUY LIST at Goldman Sachs; stock up 2% pre-market. ArcelorMittal (NYSE: MT) raised…
Finally, A Powerful Bear Case For Oil Prices
When oil was at $65 almost no one believed it would double. There were a few nuts making the case, but they were ignored like Galileo was when he said the Earth moved around…
Sony (SNE) CEO Tries To Fire Up Management
Sir Howard Stinger, head of Sony (SNE), believes that his executive ranks lack passion. Perhaps they have spent too much time as engineers, or the string of bad years at the consumer electronics company…
Putting Oil Wells In The Grand Canyon And Yellowstone
Do fish, bears, eagles, and porcupines care about having oil rigs on the land where they roam? Probably not. They don’t know any better. To relieve some of the supply pressure on oil prices,…
Microsoft’s (MSFT) Ballmer Say Yahoo! (YHOO) Was Never “Strategic”
Microsoft (MSFT) CEO Steve Ballmer says that his plan to buy Yahoo! (YHOO) was never strategic. It is hard to imagine spending $45 billion on an acquisition as being tactical, but Redmond has a…
Pimco Bets The Farm On Mortgage Debt
The Pimco Total Return, run by highly-worshiped bond manager Bill Gross, is putting most of its chips into mortgage debt. The fund, which manages $130 billion, is counting on the federal government to make…
Why Wall St. Hates Credit Rating Agencies: S&P May Downgrade Airlines (AMR)(CAL)(DAL)(UAUA)(NWA)
Based on several pieces of analysis, the US airline industry will lose over $7 billion this year. If jet fuel stays high and a recession cuts passenger counts, the figure could go much higher.…
Media Digest 5/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Ford (F) has given up on its plan to make a profit in 2009. Reuters reprots that Yahoo! (YHOO) nominated its board and delayed its annual meeting. Reuters writes that Merrill…
Asia Markets 5/23/2008 (DCM)(CHL)(CN)
Markets in Asia were mixed. The Nikkei rose .2% to 14,012. Komatsu fell 3.3% to 3210. Docomo (DCM) rose 2.6% to 161000. The Hang Seng fell .7% to 24,861. China Mobile (CHL) fell 3.2%…
Yahoo!’s Board Defections Begin (YHOO, MSFT)
Yahoo Inc. (NASDAQ: YHOO) submitted and SEC filing today after the close that Edward Kozel resigned from the board of directors. This filing said he had originally intended to leave in February but decided…
NRG & Calpine: Insanity or Opportunistic? (NRG, CPN)
After last night’s disclosure and confirmation that NRG Energy, Inc. (NYSE: NRG) had sent a buyout offering letter to Calpine Corporation (NYSE: CPN), we wanted to let the dust settle here before calling this…
The 52-Week Low Club (GE) (EK)
Dick’s Sporting Goods (DKS) has weak profits. Share drop to $21.07 from 52-week high of $36.78. GE (GE) falls to $30.80 on general economic malaise. The company’s 52-week high is $42.15. Blue Coat Systems…
McDonald’s (MCD) Foots The Bill
McDonald’s (MCD) is taking a risk, but it may be a clever one. The world’s largest fast food chain will absorb most of the rising prices of food commodities to keep prices which customers…
Google (GOOG) Grabs More Search Engine Share
Prospects in the search arena look more troubling for Yahoo! (YHOO) and Microsoft (MSFT) as each month passes. According to comScore, in April, Google (GOOG) picked up 1.8% more of the US market to…
Evergreen Solar (ESLR) Up 20%, Caveat Emptor
Evergreen Solar (ESLR) is trading up 20% to $10.86 on news that it signed $1 billion worth of contracts. The larger of the deals involved is with German-based Ralos Vertriebs GmbH and has a…