Greenspan, Behind The Times, Sees 50%+ Risk Of Recession
If Alan Greenspan was a visionary at any point in his life, those days are behind him. According to Reuters, the aging former Fed chairman says there is more than a 50% chance that…
All Work
Douglas A. McIntyre
Microsoft Adds Pressure to Yang & Yahoo! Board (MSFT, YHOO)
Yesterday we noted that Microsoft (NASDAQ: MSFT) may be close to either lowering its bid or taking other actions in its attempt to acquire Yahoo! (NASDAQ: YHOO). Now the facts are out. Steve Ballmer…
Skybus: Another Airline Closes (AMR)(NWA)(DAL)(UAUA
Skybus became the latest US airline to close its doors. Over the last week Aloha Airlines and ATA have also shut down. Northwest (NYSE: NWA) announced that it would raise passenger fares in the…
NYSE Short Interest Hits Record, Bets Against Financials Drop
The short interest in NYSE stocks hit a record for the March 31 period. The number compare to those on March 14. Shares short in banks and brokerages began to drop. Short interest in…
Microsoft Could Walk Away From Yahoo!, Or Drop Offer (YHOO, MSFT)
The heat between Microsoft (NASDAQ: MSFT) wanting to acquire Yahoo! (NASDAQ: YHOO) may be cooling. Or it may just be a negotiating tool to show Jerry Yang that he’s up the creek with no…
The 52-Week Low Club (FHN)(DMAN)(MESA)(RVBD)
First Horizon Natl (FHN) Analyst cuts regional bank stocks. Down to $13.67. from 52-week high of $41.46. Demandtec (DMAN) Issues poor outlook for the year. Sells off to $6.65 from 52-week high of $20.55.…
Next Version Of Microsoft (MSFT) Windows–Next Year
Those PC users who hate Vista will be happy to hear that Microsoft (NASDAQ: MSFT) plans to release its new version of the Windows OS next year. According to Reuters "The software giant has…
WuXi PharmaTech Secondary Filing Pressures Stock (WX)
WuXi PharmaTech (Cayman) Inc. (NYSE: WX) has filed for a secondary offering of ADR’s in the US for 10,126,800 shares, or 11,645,820 if the overallotment option is used. The underwriting managers are listed as…
GM’s (GM) Plans For Delphi Fall Apart
With sales off nearly 20% in March, GM (NYSE: GM) does not need any more headaches. But, it got one today. The company’s former parts operation, Delphi, is in the process of coming out…
After Mosaic Earnings, Fertilizer Tastes Better Than Chicken (MOS, MOO)
Shares of Mosaic Co. (NYSE: MOS) are surging pre-market after beating its earnings expectations. The company posted a record posted a record $520.8 million in net income, translating to $1.17 EPS from $2.15 Billion…
West Texas Wind Farm Funded (BP, NRG)
Fortis Merchant Banking has successfully closed syndication of a $280 million senior secured financing for Sherbino I Wind Farm LLC. This west-Texas wind farm is a joint venture owned by BP plc’s (NYSE: BP)…
Cisco & Juniper Initiated By FBR (CSCO, JNPR)
Cisco Systems (NASDAQ: CSCO) was started as an Outperform rating this morning at FBR. The assigned target price was $31.00 per share. This follows the UBS downgrade from yesterday morning, which helped send Cisco…
Moody’s Downgrades Countrywide (CFC): What About BAC?
Moody’s cut the credit rating of Countrywide (CFC) to "D" for default, over worries about liquidty. According to Reuters "The downgrade does not reflect Countrywide’s planned acquisition by Bank of America (BAC)." It does…
Top 10 Pre-Market Analyst Calls (ATI, AIV, DELL, GPS, JTX, KSU, NDAQ, PRU, SIRI, AUY)
These are not the only analyst calls impacting stocks, but these are the top analyst calls that 247WallSt.com is focusing on this Friday in pre-market trading: Allegheny Tech (NYSE: ATI) cut to Neutral from…
Wall St.’s New Superdelegates (GS)(MS)(JPM)(C)(MER)(AIG)
A decade ago, when there were big problems in the financial markets a very small group of people came in for the fix. E. Gerald Corrigan, a man of massive girth and intellect, ran…
Why Did Motorola’s (MOT) Job Cuts Come So Late?
The beatings will continue until morale improves. Motorola (MOT) cut another 2,600 jobs bringing the total since the beginning of last year to 10,000. According to The Wall Street Journal "Motorola, which is struggling…
News Corp (NWS) Finds Out Social Networks Are Bad Businesses
News Corp (NWS) is likely to miss revenue targets at its internet division, Fox Interactive. According to TechCruch, the company may be short as much as $100 million on its $1 billion forecast for…
Chasing A Top In Nike (NKE)
Nike Inc. (NYSE: NKE) is one of the ubiquitous brands of today’s world. As long as it keeps doing what it is doing now and as long as it keeps its endorsements strong, it’s…
Verizon (VZ) And AT&T (T) Go After Cable And WiMax
Now that AT&T (T) and Verizon Wireless have picked up oodles of spectrum at the FCC auctions, investors want to know what all that money went for. The answer is that both companies plan…
Northwest (NWA) Raises Fares, But Will Anyone Pay Them?
The management at Northwest (NWA) knows when it is in a pickle. Fuel prices are moving up and passenger traffic is likely slowing as the recession keeps people off airplanes. The only way to…