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…
While most of the investment community goes out breaking down earnings for major stocks, there is a huge interest in many of the cult stocks reporting earnings. Among the cult stocks we have reporting…
Valero Energy Corp. (NYSE: VLO) has announced that it signed an agreement to purchase 72 convenience stores and fueling kiosks from Albertson’s LLC. The financial terms of the acquisition were not disclosed, although it…
Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) has announced the completion of the acquisition of Punk, Ziegel & Company, L.P as previously announced in March for an undisclosed amount, pending approval by FINRA. Punk,…
XTM eXchange Split Corp. filed it public paperwork this morning. The offering of common shares and Priority Equity Shares is an investment in TXM Group (TSX: X)—a combination of TSX Group, the operator of…
One of the largest credit card providers to small business, Advanta Corp, took some big write-downs last quarter. According to CFO Magazine "Recent studies and reports from lenders show that small businesses are either…
After the close of trading on Tuesday, we’ll get to see earnings out of Cisco Systems, Inc. (NASDAQ: CSCO). The estimates for the networking giant from First Call are $0.36 EPS on $9.75 billion…
One of the interesting by-products of S&P cutting Countrywide’s (CFC) debt to junk is that Bank of America (BAC) may be frightened witless now about taking over the mortgage banker. According to MarketWatch, the…
Based on the figures from the Bureau of Labor Statistics, US unemployment was 5% in April. Those figures showed that 146.3 million Americans were employed in the civilian work-force and 7.6 million Americans were…
These are some of the analyst calls affecting shares this Monday morning: American Capital Strategies (NASDAQ: ACAS) downgraded to Sell at UBS. Apple (NASDAQ: AAPL) raised target to $220 from $200 at RBC. CACI…
London was closed for a holiday and other market in Europe were mixed. The DAXX was down .1% to 7,039. Siemens (SI) was down 1% to 76.30. VW was down .9% to 187.72. The…