Chinese-based agriculture solutions provider, Agria Corp. (NYSE: GRO) issued a statement this morning noting that the company will strongly defend itself against the class action suit filed against them for alleged violations of the…
Wachovia Corporation (NYSE: WB) has priced its offerings for common stock and convertible preferred stock right before the open this Monday after a dismal earnings report. They plan to offer 145,833,334 shares of common…
Trina Solar Ltd. (NYSE: TSL) is halting the development of a previously announced polysilicon production facility, which originally had a total estimated cost of some $1 Billion. Less than two weeks ago, the company…
This morning, Goldman Sachs has made a key call to its industrials sector. It is adding Lockheed Martin (NYSE: LMT) to its Industrials Favorite Value List. Goldman Sachs notes the nature of defense stocks…
These are not the only analyst calls being seen this Monday in pre-market hours, but these are the top calls that 247WallSt.com is focusing on so far this morning: ABB (NYSE: ABB) cut to…
According to Reuters, the net loss for Wachovia (NYSE: WB) was $350 million. The loss available to common stockholders, including preferred stock dividends, was $393 million, or 20 cents per share, compared with a…
Deutsche Bank (NYSE: DB) is in the process of selling $20 billion of LBO loans. If the financial firm thought its earnings were OK and that its balance sheet would allow it to do…
Wachovia (NYSE: WB) will raise between $6 billion and $7 billion. Will the money come in at $28 where the bank trades now? That is already down by half from the 52-week high of…
The revived merger between Delta (DAL) and Northwest (NWA) is based on the premise that, in a airline industry depression, two carriers mashed together work better than if they remained independent. It is an…
It is the kind of deal that investment bankers trying to save their jobs and desperate CEOs might dream up. Blockbuster (NYSE:BBI) has proposed to buy Circuit City (NYSE:CC) for $6 to $8 based…
According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash. Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) could be announced…
Markets in Asia were down sharply. The Nikkei fell 3.1% to 12,918. Canon fell 5% to 4610. KDDI fell 7.8% to 641000. Sony (SNE) fell 4.5% to 4050. The Hang Seng dropped 3.3% to…
It has been one year since 24/7 Wall St. looked at over 40 Starbucks (NASDAQ: SBUX) from Texas to New York. Since then, the company has replaced its CEO with the company’s founder, Howard…
The cat-and-mouse game between China Mobile (NYSE: CHL) and Apple (NASDAQ: AAPL) over the release of the iPhone in China continues. China Mobile has over 300 million subscribers and that figure is growing rapidly…
According to TechCrunch, Google (NASDAQ: GOOG) has thirty-six huge data centers of which ninteen are in the US. Here are maps of the locations. No wonder Wall St. is worried about Google’s expensives. Douglas…
The on-again, off-again merger between Northwest (NYSE: NWA) merger with Delta (NYSE: DAL) appears ready to go through. The deal could be hurt by the fact that the pilots have not signed up for…
No rest for the weak in a market which even punishes mediocrity. Several widely traded companies made new lows. Firms with heavy debt and poor operating profit prospects were hit particularly hard. Sirius (NASDAQ:…
Wall Street opened the week flat, ahead of the weeks’ earnings, despite a rise in the financial sector. Weak earnings, a dismal global financial assessment from the IMF, and deepening worries about the American…
Over the last week, both major financials and techs sold off substantially, another sign that one major sector is doing nothing to offset the other. Taken in tandem with GE’s (NYSE: GE) bad news…
This week, we’ll have an earnings onslaught from major US financial institutions for Q1 2008 quarterly results. What investors need to grasp from these financial giants is not whether or not the companies beat…