ALCOA, Inc. (NYSE: AA) is seeing shares trade higher ahead of its earnings report after today’s close. Goldman Sachs appears to be the initial reason as it has raised its targets on the Aluminum…
Alliant Techsystems (NYSE: ATK) is indicated higher this morning after it has received an additional $415.6 million in small-caliber ammunition orders and modernization funding. The contracts were awarded by the U.S. Army Sustainment Command…
These are the top analyst calls that 247WallSt.com is focusing on this Monday morning: Apple (NASDAQ: AAPL) Raised to Overweight from Market Weight at Thomas Weisel. Applied Materials (NASDAQ: AMAT) Cut To Neutral from…
Yahoo!’s (NASDAQ: YHOO) response to Microsoft’s (NASDAQ: MSFT) can best be described as self-serving. In a letter to Redmond, made public this morning, Yahoo!’ board reasons "Our position is simply that any transaction must…
Markets in Europe rose modestly at 6.15 AM. The FTSE was up .6% to 5,984. BHP Billiton (BHP) rose 2.8% to 1663. RBS (RBS) was up 2.7% to 380. The DAXX rose .9% to…
Oil prices are entering a stage where they are almost bound to rise sharply. the price is near $107 again today. OPEC indicated that it would have no meetings on supply until September. Several…
The argument that airline mergers improve profits is debatable. Combinations doe not save on fuel costs. Unions often use the marriages as ways to get wage concessions. The last thing a new airline needs…
Washington Mutual (WM) may get $5 billion in much-need capital. It is an example of how financial companies bet on subprime mortgages which cut their share prices by as much as 75% due to…
China businesses large and small have been stealing intellectual property from US and European firms for so long that no one remembers when it began. The estimates of lost revenue stretch into the tens…
The New York Times and FT are reporting that Yahoo! (YHOO) will reject Microsoft’s (MSFT) bid as too low despite the fact that Redmond may lower its offer or start a proxy fight. The…
According to Reuteres, Novartis will buy Nestle’s Alcon stakes for $39 billion. Reuters writes that Microsoft (MSFT) has given Yahoo! (YHOO) a dealine for buy-out talks. Reuters writes that Yahoo! will inform Microsoft that…
Markets in Asia rose. The Nikkei was up 1.2% to 13,450. KDDI was up 4.1% to 691000. NEC was up 4% to 421. The Hang Seng rose 1.1% to 24,534. China Life (LFC) rose…
In all industries staying out of Chapter 11 is a badge of honor. The sole exception to that is the airline business where bankruptcy is embedded in the culture like ticks are on the…
When Appaloosa Management pulled out a $2.55 billion equity deal to support Delphi in its exit from Chapter 11 the reason given was that an increasing investment by GM (GM) would give the car…
Over the last three months, shares of Nvidia (NASDAQ: NVDA) have dropped almost 40%. Chipmakers AMD (NYSE: AMD) and Intel (NASDAQ: INTC) have traded fairly flat over the same period. AMD has been heavily…
Jerry Yang and other Yahoo! (NASDAQ: YHOO) management have said that the portal company will make its forecasts for Q1 08. But, those numbers fall within a range and are not based on a…
Electronic Arts (NASDAQ: ERTS) has been trying to get investors in Take-Two Interactive NASDAQ:(TTWO) to view its takeover bid of $26 a share as the best deal in town. TTWO is making the case…
Late Friday there was an interesting form "RW" filed with the SEC for a "withdrawn securities registration." There was an original filing to bring Templeton Russia/Eurasia Fund public via an initial public offering in…
CR Acquisition Corp. is another special purpose acquisition company, or SPAC, that has filed on Friday after the market close to come public via an initial public offering of $150,000,000 via the sale of…
If the US government is counting on help from OPEC, the can forget it. The current Administration has gone to the desert on hand and knee and begged for an increase in production is…