According to Reuters, US senator Charles Schumer has asked the SEC to look at conflicts of interest at bond rating firms. Reuters writes that Washington Mutual (WM) are in favor of the company having…
Markets in Asia were mixed The Nikkei rose 1.2% to 13,146. Docomo (DCM) was down 1.3% to 151000. Sony (SNE) was up 3.5% to 4190. The Hang Seng rose .2% to 23,952. China Netcom…
After rafts of bad news from every corner of the business arena starting with GE (NYSE: GE) and spreading to Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB), a hard luck report from Intel…
According to comScore, Google (NASDAQ: GOOG) continued its climb in US search engine share. The number for Yahoo! (NASDAQ: YHOO) dropped slightly as did the figure for Microsoft (NASDAQ: MSFT). The comScore numbers for…
CV Therapeutics, Inc. (NASDAQ: CVTX) has secured a deal with TPG-Axon Capital, where it will receive up to $185 million in exchange for the rights to 50% of CV Therapeutics’ royalty on North American…
Intel Corp. (NASDAQ: INTC) posted earnings after the close, and Wall Street is cheering the results so far. It just posted $0.25 EPS on some $9.67 Billion in revenues. First Call estimates were $0.25…
Genentech, Inc. (NYSE:DNA) has announced that the biotech giant has authorized the extension of its current stock repurchase program through June 30, 2009 and it amended the current repurchase program. It is increasing the…
Fremont General (FMT) Down 50% today. Finally delisted. Hit bottom at $.26 against 52-week high of $13.80. Avnet (AVT) Warns on profits. Slips to $27.76 from 52-week high of $44.68. Kinetic Concepts (KCI) Sells…
Platinum Equity has announced that the private equity firm has now completed the acquisition of Covad Communications Group, Inc. (AMEX: DVW) in a merger with a total value of approximately $470 million. An affiliate…
The auction-rate market, created in 1985, has fundamentally shut down since February sticking individual investors and corporations with the "near cash" securities. Texas Instruments (NYSE: TXN), Palm (NASDAQ: PALM), and a number of other…
After today’s closing bell, we’ll see earnings for Q1-2008 from Intel Corp. (NASDAQ: INTC). The processor and chip giant estimates from First Call are $0.25 EPS on $9.63 Billion in revenues. We’ve already been…
Private Media Group, Inc. (NASDAQ: PRVT) ia announcing a unique launch with Pilgrim Telephone, Inc. for the U.S. and Canada. This will marry Private’ adult entertainment with Pilgrim’s social networking services for wireless and…
There is an interesting report out of ChangeWave, which shows that higher prices combined with tighter consumer pocketbooks are driving customers significantly. A large-scale movement to discount retailers driven by skyrocketing inflation concerns and…
The latest earnings news is a clear and definite indicator that the earnings damage from the current slowdown is unlike to take prisoner. Crocs (NASDAQ: CROX), the maker of odd-balls shoes and a former…
According to Bloomberg "U.S. foreclosure filings jumped 57 percent and bank repossessions more than doubled in March from a year earlier as adjustable mortgages increased and more owners gave up their homes to lenders."…
From Reuters, a list of the ten reasons that investors should put money into US equities: 1) Investor and consumer sentiment measures are very pessimistic, which often marks the bottom of equity market falls.…
Google (NASDAQ: GOOG) has set its sights on being the No.1 search engine in China. It will have to get ahead of the top search company there, Baidu (NASDAQ: BIDU), which has 60% of…
There was an interesting call that came out late yesterday in the alternative energy and green energy sector regarding Capstone Turbine Corp. (NASDAQ: CPST). Lazard Capital Markets has been positive on this one and…
Nissan and Chrysler will begin joint production of some cars and trucks. It makes sense. Nissan produces small, fuel-efficient cars and the US company is the past master of building pick-ups. So, like Jerry…
These are the early-bird calls that we are looking at pre-market this Tuesday morning ahead of the earnings deluge that is about to start: Blockbuster (NYSE: BBI) Cut to Neutral at JPMorgan. Diamond Offshore…