Verizon (NYSE: VZ) went sniveling into US District Court to complain that Time Warner Cable (NYSE: TWC) was running misleading ads about the phone company’s new fiber optic TV and broadband product. TWC better…
Frontier (NASDAQ: FRNT) filed for Chapter 11 joining ATA and Aloha Air. According to MarketWatch "The airline said the decision was taken after its principal credit-card processor unexpectedly said it would start withholding "significant…
Streaming Media Magazine and Streamingmediia.com have released their list of the twenty-five most important people in in the streaming media industry over the last decade. “I suppose if you extend the baseball metaphor, these…
According to Reuters, Bernanke says that the current financial system can be fixed. Reuters writes that Google (GOOG) is using Frank Quattrone as its investment bank advisor. Reuters reports that banks involved in the…
Markets in Asia were mostly higher. The Nikkei rose 2.9% to 13,324. Mazda was up 8.9% to 367. Toyota (TM) was up 2.5% to 4950. The Hang Seng rose 1.6% to 24,580. China Netcom…
After the close this evening, ethnic media player Radio One, Inc. (NASDAQ: ROIAK) (NASDAQ: ROIA) announced it was acquiring a social networking company called Community Connect for around $38 million. Interestingly enough Radio One…
Shares of Genentech Inc. (NYSE: DNA) are trading slightly lower after reporting a gain in earnings. The biotech giant posted $0.74 net EPS, but non-GAAP EPS excluding special items was $0.84 EPS on revenues…
Tween Brands (TWB) Cuts Q1 outlooks. Sells down to $17.85 from 52-week high of $49. First Marblehead (FMD) Investment deal from Goldman Sachs looks weak. Down to $3.12 from 52-week high of $45.70. Chico’s…
The $8.8 Billion cash buyout of Millennium Pharmaceuticals, Inc. (NASDAQ: MLNM) has created a situation worth monitoring today. It isn’t just that this buyout could create a cascade of other biotech deals. The easier…
On Friday morning, we’ll see earnings out of General Electric Co. (NYSE: GE). The largest conglomerate’s estimates from First Call are $0.51 EPS on more than $43.6 Billion in revenues. GE does give guidance…
David Dorman, the former captain and chief of AT&T (T), has come to Motorola (MOT) as Chairman. He was greeted with the handset, etc. company’s stock hitting a 52–week low at $8.97. The 52-week…
The report from Business Roundtable’s first quarter "2008 CEO Economic Outlook Survey" has been released today. This was completed between March 10th and March 27th by 100 of the Roundtable’s 160 member CEOs. We…
Most companies on Nasdaq did fairly well with the shorts in the period which ended on March 31 compared to March 14. The two tremendous exceptions were Level 3 (LVLT) where short interest moved…
Federal-Mogul Corporation (OTCBB: FEMO) has recently exited from bankruptcy, and has traded OTC on the Bulletin Board since. Today, the company has announced that it will leave the OTC market and head over to…
Millennium Pharmaceuticals Inc. (NASDAQ: MLNM) is being acquired. Takeda Pharmaceuticals in Japan is paying some $8.8 Billion to acquire the biotech, which had a market cap of $5.3 Billion as of yesterday. The cash…
Many have been hoping that the bloodletting in the aisles of Chico’s FAS inc. (NYSE: CHS) is coming to an end. If that is the case, it isn’t evident in the numbers yet. The…
There is plenty of cash available to be invested in the markets and financial institutions. It is simply too frightened to come out and play. According to Reuters "A steady move into cash is…
Goldman Sachs has made a change in its oil services sector expectation this morning: It has raised Halliburton (NYSE: HAL) to Buy from Neutral and has raised 2008 EPS estimates by about 2.5% and…
Just when it looked like Gap Inc. (NYSE: GPS) was starting to bottom out, it appears that was only a resting point. Thing go from bad to worse. Gap Inc. March Comparable same store…
These are the top individual analyst calls we are focusing on this Thursday morning in pre-market trading: ADC Telecom (NASDAQ: ADCT) raised to Buy at Deutsche Bank. AmerisourceBergen (NYSE: ABC), Cardinal Health (NYSE: CAH),…