Luminent (LUM) Company proposes to restructure. Shares down to $.24 from 52-week high of $10.78. Reynolds American (RAI) Falling profit and lower guidance. Drops to $52.17 from 52-week high of $72. International Paper (IP)…
XM Satellite Radio (NASDAQ: XMSR) and SIRIUS Satellite Radio (NASDAQ: SIRI) have just announced that both companies have agreed not to exercise their rights to terminate the proposed merger agreement based on today’s date. …
Today, Bernanke & Co at the FOMC gave us their rate decision. The FOMC has decided to the Fed Funds Rate 0.25% to 2% and the Discount Rate by 0.25% to 2.25%. As far…
Exxon Mobil Corp. (NYSE: XOM) has just given another vote of confidence on higher oil prices, or so it would seem. "BIG OIL," or dare we say "Standard Oil," has announced that it was…
Hewlett-Packard (NYSE: HPQ) has announced that researchers from its own research facility in HP Labs have proven the existence of the theoretical "fourth fundamental circuit element" in electrical engineering. H-P said that this advancement…
Echo Global Logistics filed with the SEC for an IPO today. The filing shows a maximum aggregate offering of $100 million. They have applied to trade on the NASDAQ Global Market under the symbol…
Not everyone believes that Citigroup’s (C) current stock sale of $4.5 billion will end the large bank’s need for capital. Oppenheimer analyst Meredith Whitney thinks that ongoing problems at the firm will lead it…
Double Hull Tankers (NYSE: DHT) priced its 8 million common share public offering at $10.50 per share Tuesday evening. This was very fast compared to its filing date After discounts and fees, the double…
This morning we have some key earnings from the likes of National-Oilwell Varco (NYSE:NOV) and Hess Corporation (NYSE:HES), and it wouldn’t be fair to pint out the solar earnings competition from First Solar, Inc.…
The reading for Q1-2008 GDP is out, and it’s no real surprise that GDP managed to show a small gain of +0.6% on the advance and preliminary number. Bloomberg had noted a +0.5% Q1…
There may be one of the stranger mergers out there today in Internet land, as United Online, Inc. (NASDAQ: UNTD) is acquiring FTD Group, Inc. (NYSE: FTD) in a merger valued at some $800…
Garmin Ltd. (NASDAQ: GRMN) posted first quarter earnings that were off the mark. The GPS leader posted a profit gain of 6% to $147.8 million, or $0.69 EPS, on revenues of $663.8 million. First…
These are not the only analyst calls affecting shares today, but these are ten of the calls that we are focusing on this Wednesday morning: Angiotech Pharmaceuticals (NASDAQ: ANPI) raised to Outperform at RBC…
GM (GM) revised its outlook for US car sales in 2008 down to 15 million. But, results moved the shares up 5%. GM revenue dropped less than 1% to $42.7 billion. Auto earnings before…
Dubai has told the EU that it will not sign any pacts which restrict how and where it will invest in the region. It considers the request a form a discrimination. To point a…
Markets in Europe were down modestly. The FTSE fell .7% to 6,044. Barclays (BCS) was down 3.2% to 445.5. The DAXX was off .4% to 6,859. BMW was down 2.1% to 34.30. SAP (SAP)…
The Chairman of the Federal Deposit Insurance Corporation says that the government is not doing enough to help the housing market. In a piece written for the FT by Sheila Bair, she argues that…
Alcatel-Lucent (ALU) hit the market with more bad news. For the quarter ended March 31, the company reported a net loss of €181 million, compared with an €8 million loss a year earlier. Worse,…
Microsoft (MSFT) may decide to pay $1.5 billion in payments to retain key employees at Yahoo!. (YHOO). According to Reuters "The $1.5 billion figure was discussed in a communication between the general counsels of…
The FBI appears to have uncovered some fraud in lending practices at Countrywide (CFC) and now the question is whether management knew. As Captain Renault said in a scene in Casablanca "I’m shocked, shocked…