Primary dealers borrowed $28.8 billion from the Fed during the first three days a new facility was open. Reuters writes that "Primary dealers borrowed more than $13.4 billion a day from the U.S. Federal…
According to Wireles and Mobile News: "Verizon Wireless (VZ)(VOD) was the biggest winner of the Federal Communications Commission’s 700 MHz auction, winning six large licenses that i will give it air space to provide…
Palm, Inc. (NASDAQ: PALM) just posted a loss that of course missed analyst expectations. The loss of -$31.5 million came in at -$0.30 EPS after items and -$0.16 pro-forma on a near-25% drop in…
This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market. Despite the huge rally today that was led…
If you think of a retailer hitting a 52-week high during a slowing economy, it seems counterintuitive. It seems a recession or a slowing consumer spending is good for some retailers. Enter Wal-Mart Stores…
No matter how much Detroit would like to change the math, the total always adds to 100%. Over the course of the last week, management from GM (NYSE:GM), Ford (NYSE:F), and Chrysler have tried…
The acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital and Huawei was already questionable, and then regulatory questions turned into trouble, and now trouble has turned into an outright dead deal. An affiliate…
EPIX Pharmaceuticals, Inc. (EPIX) has seen shares essentially chopped in half today. Early this morning the company announced that it was discontinuing its PRX-00023 clinical development program after Phase IIb trials over a lack…
Richard Breeden has disclosed in an SEC Filing that he has aggressively bought shares of H&R Block (NYSE: HRB) this week. From the dates of March 18 to March 20, Breeden purchased roughly 2.435…
CIT Group Inc. (NYSE: CIT) has announced that it is drawing upon its $7.3 Billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt maturing in 2008, including…
At yesterday’s annual meeting Howard Schultz, founder of Starbucks (NASDAQ: SBUX), said he would fix the company or die with his boots on. He may wanted to be fitted for an extra pair. It…
Lazard Capital Markets has a call out in the fuel cell sector from earlier this morning on FuelCell Energy, Inc. (NASDAQ: FCEL). Analyst Sanjay Shrestha has maintained his Buy rating, but he has also…
Vision-Ease Lens Corporation withdrew its IPO filing today,citing the decision is “consistent with the public interest and protection ofinvestors.” The company originally submitted its IPO paperwork to the SEC on October 13, 2006. The…
Lambert’s Cove Acquisition Corporation, a SPAC, or special purpose acquisition corporation, submitted an IPO filing. The date is march 18 on the filing but the date this became available was this morning. The filing…
Shares of Texas Instruments (NYSE: TXN) are trading lower this morning. The culprit is a downgrade out of American Technology Research. Analyst Doug Freedman has cut the chip maker from a Buy rating down…
Intel Corp. (NASDAQ: INTC) has just announced that it is hiking its quarterly dividend on common stock. The $0.1275 per share dividend will now be a higher rate of $0.14 per quarter. At a…
Goldman Sachs is out with a call raising its steel company earnings targets after above expectation steel prices and tighter supplies that represent a physical steel shortage. It sees some US steel prices rising…
Merrill Lynch has made a key reversal call in the conglomerate sector. It has raised General Electric (NYSE: GE) to Buy from Neutral, and it has downgraded 3M (NYSE: MMM) to Neutral from Buy.…
FedEx Corp. (NYSE: FDX) has just posted earnings of $1.26 EPS on 9.44 Billion in revenues, while First Call had estimates at $1.23 EPS on $9.148 Billion in revenues. FedEx’s guidance is a bit…
The Inquirer is reporting that AMD (NYSE: AMD) is cutting 5% more of its staff. This may be an indication that the chip company will miss its numbers for the first quarter. AMD has…