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…
The promise from Wall St. firms was implied, not spoken. The heads of operations like Morgan Stanley (MS) and Merrill Lynch (MER) said that the worst was probably over in the credit markets. It…
In a sign of self-loathing, Starbucks (SBUX) is turning to non-coffee drinks to rescue it. The coffee chain will begin selling smoothies and Italian iced drinks this summer. The firm hopes the new offerings…
In what may be the last great act of his presidency, George Bush is sending many Americans tax rebates. The checks began going out this week. Some households may get as much as $1,200.…
According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and depression on…
Markets in Asia were mixed. The Nikkei fell .3% to 13,450. Dentsu fell 4.4% to 239000. Honda (HMC) fell 3.8% to 3300. The Hang Seng fell .3% to 25,836. China Netcom (CN) fell 2.7%…
Fresh Del-Monte (FDP) came out with some pretty strong earnings today. Income climbed to $63.6 million, or $1 per share, compared with $51.6 million, or 89 cents per share a year ago. Much of…
Today, we have seen what may be one of the few special purpose acquisition companies, or SPAC’s, see a return of capital with a proposed deal voted down by shareholders. Shanghai Sentry Acquisition Corp.…
To keep customers coming in when the new Apple (AAPL) 3G iPhone comes out, probably in June. AT&T (T) will cut prices on the current model by as much as $200. According to Fortune,"…
Citigroup Inc. (NYSE: C) has come out tonight saying it will sell some $3 Billion in common stock. Citi claims that after its last $6 Billion, this $3 Billion would take its Tier One…
CNBC just hosted another interview with oil magnate and billionaire T. Boone Pickens today after the close. With recent prices of oil having been near $120 at the high, Pickens still thinks $125.00 is…
Gildan Activewear (GIL) Company cuts guidance. Drops to $23.75 from 52-week high of $46.47. Energizer (ENR) Profit falls almost 9%. Sells off to $71.25 from 52-week high of $119.60. Sunoco (SUN) Broker downgrade. Falls…
We at 247WallSt.com have made calls doing our own checks to see just how the new blockbuster mega-hit Grand Theft Auto 4 video game from take-Two Interactive (NASDAQ: TTWO) is selling at some of…