According to Reuters, the CEO of Microsoft (MSFT) says that the company is close to its next move in its attempted takeover of Yahoo! (YHOO). Reuters reports that Wal-Mart (WMT) will use the Wii…
Markets in Asia were sharply higher The Nikkei rose 2.1% to 14,049. Honda (HMC) rose 3.9% to 3430. Sony (SNE) rose 2.9% to 4920. The Hang Seng rose 1.8% to 26,225. China Life (LFC)…
Jonathan Schwartz has become the kind of fast-talk, no delivery CEO whom investors loathe. He was the president of Sun Microsystems (JAVA) and in an appalling lack of judgment the company’s board picked him…
Safety-Kleen HoldCo. has submitted its IPO filing with the SEC today. The filing shows a maximum proposed offering price of $300 million, although this number is for filing purposes only. The company has applied…
Sun (NASDAQ: JAVA) showed Wall St. once again that it is simply not a viable or relevant large tech company. Revenues for the third quarter of fiscal 2008 were $3.266 billion, a decrease of…
Network Equipment (NWK) Misses numbers and gets downgraded. Falls to $3.95 from 52-week high of $15.75. MGM Mirage (MGM) Slowdown in casino earnings at key rival. Sells off to $47.89 from 52-week high of…
HD Partners Acquisition Corp. (AMEX: HDP) (AMEX: HDP.U) (AMEX: HDP.WT), a SPAC, has been liquidated today. The Company will pay out $149,622,864.99 of the trust funds available to shareholders, resulting in $7.97989 per share…
There are lots of names moving in biotech and related fields today, and below are some of the top movers: Anika Therapeutics Inc. (NASDAQ: ANIK) moving up after reporting solid first quarter earnings this…
WisdomTree Investments, Inc. (Pink Sheets: WSDT) and The Dreyfus Corporation, a BNY Mellon Asset Management Company, announced the launch of five WisdomTree Dreyfus Currency Income ETFs on the NYSE Arca. The ETFs are actively-managed…
April sales at GM (GM) fell 16.2% to 257,638. Adjusted for two extra selling days sales dropped 22.7% led by a 32 percent decline in truck sales. Reuters reports that iInventory fell to about…
Today after the close of trading we’ll get to see earnings out of Sun Microsystems Inc. (NASDAQ: JAVA). The estimates from First Call are $0.18 EPS on $3.38 billion in revenues. Next quarter estimates…
Invesco PowerShares Capital Management LLC listed three new exchange traded funds (ETF) on the NYSE Amex. The ETFs will give investors exposure to long-term, core asset allocation strategies by investments in other ETFs. The…
If car sales are any indication of the broader economy, it is time to get to the food lines. In April, retail sales at the company fell 12% to 200,727. The only division which…
Generex Biotechnology Company (NASDAQ: GNBT), a drugdelivery system and technology developer, has filed an offering by sellingstockholders of up to 74,475,861 shares of common stock. The proposed maximum aggregateoffering price is $78,199,653, but this…
The American Stock Exchange announced the launch of two new exchange traded funds by ProShare Advisors LLC today. The UltraShort Lehman 7-10 Year Treasury ProShares (Amex: PST) and UltraShort Lehman 20+ Year Treasury ProShares…
Sun Healthcare Group (NASDAQ: SUNH) has filed for a mixed shelfoffering of $200 million this morning. They may periodically offer a combinationof common stock, preferred stock, debt securities, and warrants. The prospectusindicates the rehabilitation…
Guaranty Financial Group (NYSE: GFG) announced an offering of subscription rights to its shareholders. The terms have not yet been set for the non-transferable subscription rights although the subscription price will likely be at…
Shutterfly (SFLY) calls itself an Internet-based social expression and personal publishing service. In reality, it is a simple online photo storage, swapping, and printing service. No matter what it is, the company is not…
Apache Corp. (NYSE:APA) reported net income of $1.02 billion and $3.03 EPS for the first quarter of 2008, more than double same period results for 2007 of $492 million and $1.47 EPS. Revenue jumped…
Divide the chips as you will. Las Vegas Sands (LVS) had a pitiful quarter. Revenue rose from $628 million to $1.079 billion. The good news ended there. Operating income fell from $131 million in…