According to Reuters, Comcast (CMCSA) and Time Warner Cable (TWC) are in talks to fund a wireless venture to be operated by Clearwire (CLWR) and Sprint (S). Reuters writes that new home sales probably…
Markets in Asia were mixed. The Nikkei fell .3% to 12,707. NTT (NTT) rose 2.8% to 444000. Toyota (TM) fell 1.5% to 5260. The Hang Seng rose .9% to 22,674. China Netcom (CN) fell…
MoneyGram International, Inc. (NYSE: MGI) has completed its recapitalization that was led by affiliates of Thomas H. Lee Partners and Goldman Sachs (NYSE: GS). Here is a breakdown of how the financing pact looked:…
24/7 Wall St. had a chance to interview Steve Ballmer, CEO of Microsoft (NASDAQ: MSFT) on a few subjects including why some large companies were late to the search business, his view of how…
Legendary oil investor and magnate T. Boone Pickens has been on CNBC this morning making comments on the current oil environment and current pricing. As far as his prior call for "$10 off" he…
The Conference Board’s Consumer Confidence Index has just posted another large decline. The March readings came in at 64.5, which is well under what we had listed as 73.0 consensus estimates from Wall Street…
Liberty Lane Acquisition Corp., another special purpose acquisition company, or SPAC, has filed to come public via an initial public offering of $350 million in units. Each unit will come with one share and…
Monsanto (NYSE: MON) has just raised its guidance for earnings per share and for free cash flows. The company is now projecting $3.15 to $3.25 EPS for fiscal-2008 targets, up from its prior guidance…
Goldman Sachs is making an aggressive call on Electronic Arts, Inc. (NASDAQ: ERTS) in the video game sector this morning. The brokerage firm has added Goldman Sachs to its CONVICTION BUY LIST. It sees…
JP Morgan estimates that junk bonds have lost almost 4% of their value since the beginning of the year, or $35 billion. The largest losses are at OppenheimerFunds, Fidelity, and John Hancock. The debt…
Lazard Capital Markets’ Sanjay Shrestha, who covers alternative energy and infrastructure for the firm, has come out and maintained his Buy ratings on many key solar stocks this morning. The catalyst is ahead of…
It seems that Goldman Sachs is sticking by its negative call in Sirius Satellite Radio (NASDAQ: SIRI), except that the call went from cautious to very negative in tone. Goldman Sachs has added the…
These are the top analyst upgrades and downgrades that 247WallSt.com is focusing on in pre-market trading this Tuesday morning: Capital One (NYSE: COF) downgraded to Underperform at FBR. CIGNA (NYSE: CI) raised to Outperform…
Microsoft (NASDAQ: MSFT) is predicting that the number of smartphones will move up to 400 million handsets in the next three years. It expects that its share of mobile operating systems will rise at…
GE (NYSE: GE) is considering buying up to fifity Boeing (NYSE: BA) 737 jets to lease to airlines. According to Bloomberg "The order may be valued at as much as $3.53 billion, based on…
The Department of Justice has now cleared the deal for Sirius (NASDAQ: SIRI) to merge with XM Satellite Radio (NASDAQ: XMSR). The reaction was muted. Sirius stock rose to $3.15. It was nearly $8…
It now appears imminent. Ford (NYSE: F) will sell its Jaguar and Rover brands to India’s Tata Motors. According to the FT, "The sale is expected to have a price tag of about $2bn…
Markets in Eruope rose sharply at 4.40 AM New York time. The FTSE was up 3.3% to 5,678. Barclays (NYSE:BCS) was up 10.2% to 472.75. Lloyds ws up 7.1% to 465. The DAXX rose…
According to Reuters, the Justice Department has approved the Sirius (SIRI) merger with XM Satellite (XMSR). Reuters writes that JP Morgan (JPM) raised its offer for Bear Stearns (BSC) and took a large stake…
Markets in Asia were up sharply. The Niikkei rose 2.1% to 12,745. Honda (HMC) wsa up 4.4% to 3080. NTT (NTT) was down 2.9% to 432000. The Hang Seng rose 5.1% to 22,192. China…