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),…
Since everyone else has a date for the Apple (NASDAQ: AAPL) iPhone launch, why not offer another? According to intoMobile, the faster and thinner versions of the iPhone will come out in June at…
Wal-Mart (NYSE: WMT) beat Wall St. expectations for same-store sales raising optimism that the world’s largest retailer is turning around and may post strong earnings for the quarter and the year. March same-store sales…
Despite the beating it has taken in Chrysler, private equity fund Cerberus has about $7 billion on the sidelines to put into bank assets, many of which are going for a fraction of their…
GM (NYSE: GM) and Toyota (NYSE: TM) are, between the two of them, recalling 662,000 cars in the US, a market where only 15 million vehicles will be sold this year. Most of the…
News Corp’s (NYSE: NWS) will create a series of TV shows around its MySpace social network website. In a sign that nepotism is not dead, a company owned by News Corp CEO Rupert Murdoch’s…
In a sign that write-offs are still coming from unexpected quarters, Lehman (NYSE: LEH) has disclosed that it will liquidate three funds which have found themselves in deep trouble. According to Reuters "The bank…
The World Bank says that food prices will stay above 2004 levels until 2015. Over the next two years they will rise from current levels. Wheat prices have almost tripled in a year. The…
Wall St. has digested the fact that Boeing (BA) has delayed its 787 Dreamliner again and that it will be more than a year late in launching. The plane-maker also said it was sticking…
It is spring on Wall St. With the warmer weather comes hope that the big financial crisis which seems to have engulfed everything in the world over the last three quarters is losing its…
The creator of the law of unintended consequences must have had the scramble to merge with or buy Yahoo! (NASDAQ: YHOO) in mind. Google (NASDAQ: GOOG) gets daily benefit from the fighting and should…
According to Reuters, Yahoo! (YHOO) is seeking a merger with Time Warner’s (TWX) AOL which Microsoft (MSFT) and News Corp (NWS) at a joint bid for the No.2 search company. Reuters writes that AMR…
Various press reports indicate that Time Warner (TWX) may be close to combining its AOL unit with Yahoo! (YHOO). At the same time, Microsoft (MSFT) is planning to make a joint bid for Yahoo!…