"So, we beat on, boats against the future, born back ceaselessly into the past"–F Scott Fitzgerald, "The Great Gatsby" John Thain, former co-president of Goldman Sachs (GS) and CEO of The New York Stock…
Disgraced stock-picking guru Bill Miller of Legg Mason says he will support Yahoo!’s (YHOO) efforts to stay independent if Microsoft (MSFT) lowers the value of its offer to buy the portal company. Since Miller…
Hand it to Michael Dell. His company, Dell (NASDAQ: DELL) is in talks with the sovereign fund in Dubai to get a big juicy check. But, instead of just cash, Dell is putting together…
According to Reuters, Citigroup (C) will sell $12 billion in troubled loans to a group of private equity firms. Reuters reports that some members of the Fed believe that the US will hit a…
Most markets in Asia fell. The Nikkei was off 1.1% to 13,112. Dentsu was up 3.4% to 247000. Sony (SNE) was down 1.4% to 4150. The Hang Seng fell 1.3% to 23,989. China Life…
Sun Microsystems (NASDAQ: JAVA) titillates investors every year or so with some series of announcements. It is building up its operations in China. It has a new open source software initiative. It will offer…
Citigroup (NYSE: C) is near a deal to sell $12 billion of problem corporate debt to a group of private equity firms. According to The Wall Street Journal the firms include "Apollo Group, TPG…
EMC Corp. (NYSE: EM) has won in its attempt to acquire Iomega Corporation (NYSE: IOM). EMC will acquire San Diego-based Iomega for a purchase price of $3.85 per share in a deal valued at…
Arctic Cat Inc. (NASDAQ: ACAT) is seeing shares come off the tracks in after-hours trading after the company previewed poor results. The company places the blame on on lower than anticipated all-terrain vehicles sales. …
The International Monetary Fund came late to the mortgage crisis, but they bought the worse news. The IMF said that "Total losses, including the securities tied to commercial real estate and loans to consumers…
First Marblehead (FMD) Fears about student market loans hit company. Down to $4.62 from 52-week high of $45.70. Agria (GRD) COO leaves and annual report delayed. Shares down to $4.03 from 52-week high of…
Today’s March 18 minutes from the FOMC meeting, which already gave us a rate cut and comments about a weak economy, included comments that fed governors were more worried than they led on. The…
Garmin Ltd. (NASDAQ: GRMN) is in a funk, after being in its own funk less than one week ago. Just last week it gave comments to Reuters discussing forward guidance that Wall Street rightfully…
CampusU has filed a registration withdrawal form with the SEC today. The company has filed to withdraw its proposed IPO. You can guess why" "The Registrant has determined, because of unfavorable market conditions, not…
Everyone wants to buy a seat on the board of The New York Times Company (NYT). Morgan Stanley’s asset management arm made a run at it, and they were turned away. Capital Partners and…
John Mack, who has run every investment bank on Wall St, and is now CEO of Morgan Stanley (MS) says the next few quarters will be tough for the financial markets. Mack believes the…
Devon Energy Corp. (NYSE: DVN) has reached an agreement to sell its oil and gas business in Equatorial Guinea to GEPetrol, the African country’s national oil company. The value of the transaction was listed…
Intel Corp. (NASDAQ: INTC) has announced full details for its venture capital arm’s Intel Capital global venture investment activities in China with the launch of a second China investment fund. The Intel Capital China…
Washington Mutual (NYSE: WM) has outlined its details of a financial aid or rescue finance package. The company is raising a total of $7 Billion via direct stock sales to an investment vehicle managed…
Goldman Sachs has issued a call on its asset manager universe, and says it’s time to go on the offensive. Its rating on the group is now attractive. The bulge bracket brokerage leader has…