We’ve now seen earnings out of gold giants Barrick Gold Corporation (NYSE:ABX) and Goldcorp (NYSE:GG), and after the close we’ll see earnings out of Kinross Gold Corporation (NYSE:KGC). As you read through the releases,…
Goldman Sachs (NYSE: GS) has come out and updated its "oil super-spike" prices today. In fact, it ponders whether or not the super-spike end game has begun. We covered part of this yesterday, and…
Blackstone Group has announced the closing of three newly created collateralized loan obligation funds totaling $1.3 billion. Yep, CLOs. These were all created over the past month.
Playboy Enterprises, Inc. (NYSE: PLA) has reported a net loss for the first quarter of $3.1 million, or -$0.09 per basic and diluted share, on and 8% decline in revenues to $78.5 million. Unfortunately,…
The housing and subprime mortgage market claimed another victim today as Fannie Mae (FNM) reported a dismal quarter, cut its dividend and said it would raise $6 billion. Fannie Mae says it lost $2.2…
These are the top 10 analyst calls that we are focusing on this Tuesday morning: AGCO Corp. (NYSE: AG) raised to Overweight at Goldman Sachs. HSBC Holdings (NYSE: HBC) cut to Neutral at UBS…
Markets in Europe were off modestly at 6.40 AM New York time. The FTSE dropped .6% to 6,181. British Airways was off 3.8% to 239.25. GlaxoSmithKline (GSK) was off 1.8% to 1131. The DAXX…
Big Pharma continues to throw ballast out of the balloon in the hopes of staying aloft. The latest victim of declining fortunes in the industry is Merck (MRK), which seems to have had every…
All of the rumored good news out of Sprint (S) took the stock on a magic carpet ride yesterday. First there were reports that Deutsche Telekom (DT) might buy the whole company. Then there…
Edward S. Lampert, billionaire and hedge fund manager, arrived at the Recession about six months late. The chairman of zombie retailer Sears (SHLD) "said the retailer is taking a conservative stance amid weak consumer…
UBS (UBS) telegraphed all ships in the known world as it sank into the Atlantic like the Titanic. The big bank will fire 5,500 poor souls and sell $15 billion of its subprime mortgage…
The Microsoft (MSFT) Zune is as rare as the Studebaker, so Apple (AAPL) has nothing to fear from plans to get more adoption for the portable music device. According to The Wall Street Journal,…
Apple (AAPL) has picked up a deal which should accelerate sales of its iPhone into a number of new countries. It a brilliant tie-up with Vodafone (VOD), Europe’s largest cellular carrier, According to Reuters…
According to Reuters, UBS (UBS) will cut 5,500 jobs. The company is also selling $15 billion in subprime mortgage paper to Blackrock. Reuters writes that Bernanke says that high foreclosure rates are still a…
In what could be a brilliant move if the recession and drop in retail sales worsen, Target (TGT) has agreed tot sell $3.6 billion of its credit card loan portfolio to JP Morgan (JPM).…
NewPage Group Inc. has submitted its IPO filing late today. It has taken the proposed ticker of "NWP" on the New York Stock Exchange. So far, Goldman Sachs is listed as the only lead…
We have seen several announcements out of Standard & Poors regarding index changes today, with the effective dates as follows: DreamWorks Animation SKG Inc. (NYSE: DWA) will now replace Millennium Pharmaceuticals Inc. (NASDAQ: MLNM)…
Not all of the institutional money involved in the Yahoo! (YHOO) rejection of Microsoft’s (MSFT) bid are happy to sit on the sidelines. Several may launch a campaign to push out the current board…
Libbey (LBY) Still falling a few days after lowering guidance. Down to $11,67 from 52-week high of $24.65. Apria Healthcare (AHG) Slipping with industry. Drops to $16.08 from 52-week high of $31.57. Amerigon (ARGN)…
Cougar Biotechnology, Inc. (NASDAQ: CGRB) is up over 5% in afternoon trading on the announcement that they will present a company update and clinical trial update at the Leerink Swann Cancer Roundtable Conference. Shares…