Buffett Savages Banks Over Credit Crisis
Who is to blame for the subprime mortage mess which has effectlively locked up much of the global credit markets and pushed the US economy into recession. It is the banks. Period. If they…
All Work
Douglas A. McIntyre
Anheuser-Busch (BUD) May Pummel Its Shareholders
Anheuser-Busch (BUD) is anticipating a $46 billion buy-out offer from huge beverage company InBev. The US company’s shares hit $58 on the rumor, a 52-week high. That is up from a low of just…
Buffett Calls For Colossal Recession
Warren Buffett has decided not pull his punches about how bad things are going to get in the US. Speaking of the economy, Reuters quotes him as saying "But the people are already feeling…
GM’s (GM) Worst Year, Thanks To The UAW
In late 2005 and early 2006, GM’s (GM) stock hit multi-year lows, dropping below $20. Ford’s (F) shares also sold down on fears that both companies could face Chapter 11. Their costs were far…
This week on Stockhouse May 19–23
Stocks fluctuate on oil prices, Fed reports, inflation fears Wall Street started the week mixed, with the Dow ending higher but the Nasdaq down. Tuesday and Wednesday saw the Street fall as worries about…
China To Revamp Its Entire Mobile Industry (AAPL)(CHU)(CH)(CHL)(MOT)(NT)(ERIC)
In a reorganization of China’s telecom industry, which would be almost unimaginable in the West, the country plans to merge two of its largest mobile companies, China Netcom (CN) and China Unicom (CHU). The…
Another CEO Calls The Recession Ball
The head of Dow Chemical (DOW) says that the consumer is toast. The price of crude oil and other commodities are just too high. "Inflationary pressures on the consumer through gasoline prices and food…
The 52-Week Low Club (GE)(GM)(CAL)(LCC)(DAL)(UAUA)
GE (GE) General malaise and concern that conglomerate structure does not work. Falls to $30.35 from 52-week high of $42.15. GM (GM) Auto industry woes get worse with high gas. Sells down to $17.38…
NBC And Time Warner (TWX) Battle For The Weather Channel
Late word is that The Weather Channel will be sold to either GE’s (GE) NBCU unit, in partnership with Blackstone (BX), or to Time Warner (TWX). According to Reuters, "The winning bid is expected…
Home Sales Market Officially Road Kill
The inventory of homes in the US is at the highest level since 1985, measured by average months on the market. According to Reuters "inventories of unsold homes rose measurably, surging 10.5 percent to…
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.…
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…