Early indicators from companies like Wachovia (NYSE: WB) and General Electric (NYSE: GE) show that the last half of March may have been tougher on banks earnings than Wall St. expects. Bloomberg recently reported…
Google’s (GOOG) YouTube had a 78% market share among video websites in March, up from 55% a year ago. Most other sites lost share over the period and overall video category visits were down…
Alkermes (NASDAQ: ALKS) and Johnson & Johnson Pharmaceutical Research and Developed today submitted paperwork seeking approval of their partnership drug, RISPERDAL CONSTA, to be allowed for treatment of bipolar disorder chronic relapse. The drug…
Invesco (NYSE: IVZ) PowerShares has launched its first actively-managed ETF on the NYSE Arca Friday. These 4 PowerShares ETFs include 3 first-in-kind equity exchange-funds and one actively-managed fixed income ETF. The PowerShares Active Alpha…
The American Stock Exchange has launched an ETF called the NETS DAX Index Fund by Northern Trust Global Investments, an arm of Northern Trust Corp. (NASDAQ: NTRS) today. The exchange traded fund will track…
One of the factors lost in the debate over the value of Yahoo! (NASDAQ: YHOO) is the amount of time that consumers spend on the site. For advertisers, especially those running display ads, the…
Codexis, a biocatalyst developer, submitted an SEC filing Friday evening to come public via an IPO. The offering shows a total proposed maximum price of $100 million, although this amount is for filing purposes…
Fluidigm, a California-based life science research device provider, has filed with the SEC to become public this morning. The offering shows a total proposed maximum aggregate price of $86,250,000. They applied to trade on…
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…