Maguire Properties (NYSE: MPG) announced that it is finalizing its review of strategic alternatives for preserving and enhancing value for stockholders. The review no longer includes an active pursuit of selling the company to…
These are the top analyst calls we are looking at this Friday morning: Apartment Investment (NYSE: AIV) Cut To Neutral From Buy at UBS. Bed Bath & Beyond (NASDAQ: BBBY) Cut To Underweight from…
In 1968, there was a sad little man on the popular TV show "Laugh In" who ran for president. His name was Pat Paulsen. He probably did not get any votes. Whatever he policies…
Markets in Europe were slightly higher at 6.10 AM New York time. The FTSE rose .2% to 5,730. BHP Billiton (BHP) was up 1.9% to 1501. British Airways was off 3.3% to 239. The…
There was a great deal of hope expressed as oil moved back to $100 last week. It is laughable that people would be excited about $100 oil, but crude had moved over $110. The…
It is only a matter of time before some big American companies sue the banks and brokerages that ran the auction-rate markets. Their case will be that, in a market which has operated since…
Part of the plan to fix the mortgage crisis is for Fannie Mae (FNM) and Freddie Mac (FRE) to buy more debt securities. To do that, they will need more capital, perhaps as much…
Countrywide NYSE: CFC) chief operating officer David Sambol cannot get a job as a garbage man. He is viewed as being too closely tied to policies whereby his company made subprime mortgage loans to…
According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete. Reuters writes that the chairman of Bear…
Markets in Asia were higher. The Nikkei moved up 1.7% to 13,820. KDDI was up 2.6% to 639000. Toyota (TM) was up 2.5% to 5240. The Hang Seng was up 2.1% to 23,129. China…
Commentary by A.W. Bodine and C.J. Nagel, faculty at Concordia College–New YorkMarch 26, 2008 With world markets off 20%, Bear Stearns imploding and public companies having lost US$5 trillion in value, politicians and regulators…
James Cayne, chairman and, before he was asked to leave, CEO of Bear Stearns (NYSE: BSC) sold all of his holdings in the firm for $61 million, according to filings with the SEC. We…
On tonight’s MAD MONEY on CNBC, Jim Cramer discussed Altria Group, Inc. (NYSE: MO) and its soon to be break-up where Philip Morris International (NYSE: PM) will be on its own. It sounded like…
New research out reveals that GM (NYSE:GM) has made a sharp and powerful turn to the internet for marketing. A new comScore survey shows that in January, GM delivered nearly 1.7 billion ads and…
The Fed did open the door for brokers to borrow money because the agency was worried Wall St. would need the cash. But, the situation is getting out of hand and brokerages are bleeding…
Leopard Acquisition Corp. is another special purpose acquisition company, or SPAC, that has filed to come public via an initial public offering. It has filed to list on the American Stock Exchange, although a…
AT&T Inc. (NYSE: T) has partnered with MediaFLO USA Inc, a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), to launch AT&T Mobile TV with FLO. This offering will consist of a mobile TV service featuring…
Bear Stearns Companies Inc. (NYSE: BSC) has an SEC filing out showing that Chairman James "Jimmy" Cayne sold shares the day after JPMorgan Chase (NYSE: JPM) sweetened its bid offering to $10.00. On March…
Well, now we have a better idea as to why the CFO of video game publisher Electronic Arts (NASDAQ: ERTS) was leaving the company. McAfee, Inc. (NYSE: MFE) just announced after the close that…
DSW (DSW) Shoe retail company posts bad sales. Falls to $12.95 from 52-week high of $44.05. Jabil Circuit (JBL) Still falling a day after putting up bad quarterly figures. Sells off to $9.05 from…