Goldman Sachs believes that Merrill Lynch (MER) and Citigroup (C) may have to "post $14 billion in writedowns on assets linked to collateralized debt obligations." “If our forecasts are correct, it is likely that…
Morgan Stanley writes that the current banking crisis is the worst in 30 years. According to Bloomberg "Credit market turmoil poses the most severe crisis for banks in 30 years, surpassing Black Monday in…
These aren’t the only impact analyst calls this morning, but these are the ones we are focusing the Tuesday in pre-market trading hours: Akamai Tech (NASDAQ: AKAM) Raised to Buy from Neutral at Piper…
Markets in Europe were up at 6.40 AM. The FTSE was up .7% to 5,744. Barclays (BCS) was up 4.6% to 474 BP (BP) was down 1.9% to 502.5. The DAXX rose 1.4% to…
Wal-Mart (NYSE: WMT) will start to sell its own "green" brands of coffee. They will be come from beans planted at carbon-neutral facilities. The brands, will, of course compete with the Maxwell House and…
Hedge funds had their worst first quarter on record. Some have already started to fail, and others are likely to . According to the FT "This year has seen a series of hedge fund…
The news that Microsoft (NASDAQ: MSFT) would not raise its bid for Yahoo! (NASDAQ: YHOO) came as enough of a surprise that it made the front page of some papers. Microsoft managers "argue that…
The idea that oil might hit $120 was the stuff of fairy tale and lying around the poker table. At least up until now. A new Reuters poll of analysts shows that many of…
With all of the carnage in the financial sector it would be hard to believe that any other group of stocks could have done worse. The technology sector claims that, for the most part,…
At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank’s chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans to raise $15 billion…
According to Reuters, US car sales for March are likely to be off sharply. Reuters writes that Microsoft (MSFT) will not raise its bid for Yahoo! (YHOO) Reuters reports that UBS (UBS) will take…
Markets in Asia were mixed The Nikkei rose 1% to 12,656. Sony (SNE) roe 2.3% to 4060. Toshiba rose 3.2% to687. The Hang Seng was up .1% to 22,878. China Netcom (CN) rose 1.1%…
The largest losers among the big companies in the S&P 500 for the first quarter were: Microsoft (MSFT) down 21.6%, Google (GOOG) down 36.7%, Apple (AAPL) down 27.8%, Intel (INTC) down 22%, Citigroup (C)…
In today’s New York Times an article on The Huffington Post says that the company is looking for a valuation of $200 million. That would be $53 per unique visitor based on Nielsen figures…
Dell Inc. (NASDAQ: DELL) has announced additional actions in its previous restructuring in its attempt to smooth its operating model, rationalize its operations and improve profitability and cash flow. In short, costs are coming…
Lehman Brothers Holdings Inc. (NYSE: LEH) has just announced that it has "responded to investor interest" with the intent to offer to offer 3,000,000 shares of Non-Cumulative Perpetual Convertible Preferred Stock with a $1,000…
Cell Genesys, Inc. (NASDAQ: CEGE) has announced a global alliance with Takeda Pharmaceutical Company Limited in Japan. The companies will develop and commercialize Cell Genesys’ GVAX immunotherapy for prostate cancer, which is the company’s…
Schering-Plough (SGP) Bad news on key cholesterol drug marketed with Merck. Shares fall to $14 from 52-week high of $33.81. Merck (MRK) Pulled down for the same reason. Sells off to $36.82 from 52-week…
A Wall St. research firm suggested that Apple (NYSE: AAPL) would sell 45 million iPhones in 2009 which would bring in $11.7 billion, according to Silicon Alley Insider. Investors don’t think so. Apple’s shares…
Fintech Acquisition Corp., a SPAC, or special purpose acquisition company, has filed to come public via an IPO. The filing shows a target of $100 million. Each $10 unit will consist of unit of…