Biotech Busine$$ Daily (CRXX, CORT, OMRI, SIRT)
CombinatoRx, Incorporated (NASDAQ: CRXX) up 8% to $3.45 on no recent developments. The 52-week range is $3.11 to $7.37. Yesterday, the company hit a 52-week low so perhaps it had nowhere to go but…
All Work
Douglas A. McIntyre
Broadpoint Securities Registers Shares Tied To Recent Private Placement (BPSG, FACT)
Broadpoint Securities (NASDAQ: BPSS) has filed on behalf of stockholders a securities offering whereby an aggregate of 7.058 million shares of common stock for a total maximum price of $12.352 million. The independent boutique…
Monotype Imaging Holders File To Sell (TYPE)
Monotype Imaging Holdings (NASDAQ: TYPE) has filed to sell securities for selling stockholders, whom are offering 6 million shares for a proposed maximum share price of $14.60. The total maximum proposed aggregate offering price…
Who Will Buy Sirius (SIRI): If It Has To Be Sold?
Once The Justice Department cleared the merger of Sirius (NASDAQ: SIRI) with XM Satellite (NASDAQ: XMSR) and there was some anticipation that the deal would get done the shares of both companies should have…
Alpha Natural Resources Taps Financing (ANR)
Alpha Natural Resources Inc. (NYSE: ANR) filed its intent to raise an aggregate of up to $400 million through offering $250 million for their convertible senior notes due 2015 and a concurrent common share…
Capstone Orders & Analyst Drive Gains (CPST)
Capstone Turbine Corp. (NASDAQ: CPST) is gapping up in pre-market activity. The culprit is yet another order. This was a $5 million order for 150 microturbines for hybrid electric buses from DesignLine International. Shipments…
Medarex Tanks On Pfizer Study Halt (PFE, MEDX)
Medarex Inc. (NASDAQ: MEDX) Saw shares plummet in pre-market trading. Pfizer Inc. (NYSE: PFE) has ended a Phase III clinical trial of tremelimumab in patients with advanced melanoma after a review of interim data…
Hansen Medical Taps Secondary Market (HNSN)
Hansen Medical, Inc. (NASDAQ: HNSN) announced last night the pricing of a spot secondary offering via Morgan Stanley as the sole underwriter for the deal. The size indication of 2.5 million shares that had…
Best Buy Gives The ‘All-Clear’ Signal (BBY, CC)
Electronics, entertainment, and appliance retail giant Best Buy Co, Inc. (NYSE: BBY) has just posted earnings. This last quarter was a 10% rise to $1.71 EPS in a revenue gain to $13.418 Billion. First…
Trina Solar Locks-Up Supply Pacts (TSL)
Trina Solar Limited (NYSE: TSL) has announced that it has signed a long-term polysilicon supply agreement with a subsidiary of GCL Silicon Technology Holdings Ltd. Under the terms of this agreement, GCL Silicon Technology…
Top 10 Pre-Market Analyst Calls (AFL, CROX, DKS, DWA, EXPD, ERIC, POT, STT, UST, XTO)
Below are the top analyst calls we are focusing on this Wednesday morning: AFLAC (NYSE: AFL) cut to Neutral from Buy at UBS. Crocs (NASDAQ: CROX) cut to Neutral from Overweight at JPMorgan. Dick’s…
Financial Blog Wars Heat Up
A looks at comScore data for January and February show that the battle between the two largest financial blogs, Seeking Alpha and BloggingStocks, is getting more competitive. In February, Seeking Alpha had 797,000 unique…
Yahoo! Finance And AOL Money Jockey For Top Spot
The top spot among American financial sites has become more of a two-horse race each month. In February AOL Money has 83.1 million visits and Yahoo! Finance weighed in with 81.1 million. MSN Money…
China Bribes Nigeria: The Oil Markets Go Up For Auction
If China can’t come by oil in the open market, it can send a big check to a country with oil which could use a few bucks. According to the FT "China has offered…
How Does A Market Move Up 400 Points On Bad News?
Rally caps were out in force yesterday with the Dow moving up almost 400 points. How and why it did that in a day of predominantly bad news is hard to fathom. The FT…
Portable Intel (INTC) (AAPL) (RIMM) (NOK)
Intel (INTC) has decided to push into the chip market for small mobile devices which can access the internet. According to The Wall Street Journal "Intel, which largely missed out on the market for…
With Shanghai Market Down 45%, The Ghost of Christmas Yet to Come
Two years ago the Shanghai Composites was at 1,300. It got over 6,000 last October and trades at about 3,300. At its recent 52-week low, it was off almost 50% from its peak. According…
Interest In Motorola (MOT) Handset Business Fades
After kicking the tires at Motorola’s (MOT) handset unit China’s Huawei Technologies said it would pass. The Asia-based company is one of the largest makers of handsets in the world. According to Reuters "Huawei…
News Digest 4/2/2008 Reuters, WSJ, NYTImes, FT, Bloomberg
According to Reuters, Lehman (LEH) raised $4 billion. Reuters writes that US factory orders probably fell in February. Reuters reports that the Fed approved the JPMorgan (JPM) purchase of Bear Stearns (BSC) Reuters writes…
Asia Markets 4/2/2008 Big Rally (HMC)(SNE)(LFC)(CHL)
Markets in Asia rallied. The Nikkei was up 4.2% to 13,189. Honda (HMC) rose 7.3% to 3110. NEC rose 5.7% to 405. Sony (SNE) rose 5.9% to 4300. The Hang Seng rose 3.6% to…