To Microsoft (MSFT) Xbox Goes The Victory Wreath
Microsoft (MSFT) claims that its Xbox 360 has reached the sale of ten million units in the US ahead of the Nintendo Wii and Sony (SNE) PS3. The news is somewhat, if not entirely…
All Work
Douglas A. McIntyre
ShengdaTech Raising Cash (SDTH)
ShengdaTech Inc. (NASDAQ: SDTH) announced that it will plans to offer an aggregate of $100 million of senior convertible notes due 2018, in an offering to qualified institutional buyers under a 144A placement. Neither…
The 52-Week Low Club (IMB)(TMA)(WFMI)(URRE)
IndyMac Bancorp (IMB) Fitch cuts debt rating Down to $1.83 from 52-week high of $37.50. Thornburg Mortgage Asset (TMA) Ongoing concerns about company losses. Drops to $.64 from 52-week high of $28.23. Whole Foods…
Geron Given FDA Hold (GERN)
Geron Corporation (NASDAQ: GERN) announced today that the company received a verbal notice from the FDA that Geron’s Investigational New Drug (IND) submission for GRNOPC1, its cell therapy for spinal cord injury, has been…
As UK Inflation Rises, A Ripple In US?
The CPI showed that prices for food rose .9% in April, the most in 18 years. Overall, total inflation was more muted and the market was relieved. In the UK, the picture was not…
Merrill Lynch (MER): Rate More Stocks As “Sell”, See If It Works
The Zeppelin commanders who run the research operations at Merrill Lynch (MER) have told their analysts that 20% of the stocks which the cover must be rated as "sell", or "underperform" as the call…
Verso Paper Corp. Slashes IPO Expectations (VRS, IP)
Verso Paper Corp. has just slashed its IPO terms in an amended IPO filing this morning. The company’s prior range was up to 18.75 million shares and an expoected price range of $16.00 to…
GM (GM) Wants To Raise Money, Lehman Says It Must
GM (GM) said yesterday that it might want to raise some capital. Today, Lehman indicated that the car company may not have a choice. According to Reuters, an analyst at the broker said "GM…
JP Morgan (JPM) Moves Into Oil Trading, Just Too Good To Pass Up
JP Morgan (JPM) will start to trade oil by the end of this year, and that is not just futures. According to Reuters "We will start trading in physical oil and refined products by…
Uranium Resources Raising Cash For More Deals (URRE, BHP)
Uranium Resources, Inc. (NASDAQ: URRE) announced this morning that it entered into a private placement based on the closing prices yesterday after the close. While it does not imply that BHP Billiton Ltd. (NYSE:…
Chindex Hit On Filing (CHDX)
Chindex International Inc. (NASDAQ: CHDX) is seeing shares under pressure this morning after it filed last night for a secondary offering of up to $100 million. The filing is for the company to sell…
A Deere, a Cat & a Titan All Stuck in the Headlights (DE, CAT, TITN)
Deere & Co. (NYSE: DE) shares are going to be a drag today. The giant manufacturer of farm and construction machinery posted $1.74 EPS on a 19% revenue fain to $7.47 Billion. First Call…
CPI Looks Great, Just Avoid Gas Stations and Grocery Stores
April CPI was released from the Labor Department with a nominal rate of +0.2% and a core rate of +0.1%. According to Bloomberg estimates, those expectations were +0.3% on nominal CPI and and +0.2%…
US Food Price Inflation Gets Out Of Hand
The cost of food in the US was up .9% last month, the highest increase in 18 years. The news reinforces the concern that the rising price of agricultural commodities is taking a toll…
Fluor Adds Wind To Its Pocket (FLR, SI, RDS.A)
Fluor Corporation (NYSE:FLR) won a contract from Scottish & Southern Energy to construct a 500 MW wind farm, the world’s largest, off the coast of Suffolk in the UK. Fluor will book the $1.8…
Annaly Taps Capital (NLY)
Annaly Capital Management, Inc. (NYSE: NLY) has priced its public secondary stock offering of 60 million shares of common stock at $16.15 per share. The gross proceeds are about $969.0 million before fees, and…
Top 10 Pre-Market Analyst Calls (ADCT, ALXN, ANAD, CCJ, ENR, GENZ, IPI, IVZ, SPLS, JAVA)
These are some of the top analyst calls we are looking at this Wednesday morning: ADC Telecom (NASDAQ: ADCT) raised to Buy from Hold at Jefferies. Alexion Pharma (NASDAQ: ALXN) started as Buy at…
Social Networks Don’t Work For Advertisers: Web 2.0 Is A Bust (GOOG)(TWX)(NWS)
Perhaps someone could have figured this out a year ago, Social networks like MySpace, owned by News Corp (NWS) and Facebook are poor targets for marketers. No wonder. A social network is a patch…
Sony (SNE): WSJ Sees Good Earnings, NYT Sees Bad
Somewhere between The Wall Street Journal and The New York Times, the signals got crossed. After Sony’s earnings announcement, Rupert Murdoch’s paper ran a headline saying "PC, Camera, Flat-Screen Sales Help Sony Swing To…
Wal-Mart (WMT): Defender Of Small Children
Wal-Mart (WMT) is setting up standards for toy makers which are much tougher than those issued by the Feds. It wants its customers to know that is it cracking down, especially on dangerous products…