Pilots Wreck Delta (DAL) Merger With NWA (NWA), Again
The fight over pilot seniority at Delta (DAL) and NWA (NWA) has threatened to kill a merger again. A strike by pilots would do substantial damage to the finances of a new company. Maybe…
All Work
Douglas A. McIntyre
Alliance Data (ADS) Goes After Blackstone (BX)
Alliance Data (NYSE: ADS) had given Blackstone (NYSE:BX) notice that the private equity firm is no longer negotiating in good faith to complete a buy-out. The charge probably has the benefit of being true.…
Abu Dhabi Sovereign Fund Agrees To Restrictions Just As It Exits US Market
The US government and authorities in the EU have been up in arms about sovereign funds buying into iconic financial institutions and tech companies. The regulators fear that foreign-backed capital will use its money…
Google (GOOG) Says Everything Is Fine
Google (GOOG) says that there is nothing to worry about. Its business is just fine. Tell that to the investors who have ridden the stock down from $747 to $420. But, the case is…
Ford (F) Management Tries To Save A Dead Patient
Ford (NYSE:F) is launching a mad new ad campaign with the tag-line "Ford. Drive One". The company is working with it local dealers to get them to push the same message. According to The…
Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
Accoding to Reuters, the Fed is set for a large rate cut in the face of the financial crisis. Reuters writes that Google (GOOG) says it is well positioned for an economic slowdown. Reuters…
Asia Markets 3/18/2008 (HMC)(SNP)
Markets in Asia were mixed. The Nikkie rose 1.5% to 11,964. Honda (HMC) was off 2.4% to 2630. Mazda was up 3.3% to 348, The Hang Seng was up .7% to 21,240. China Petroleum…
Cramer: Defensive Stocks Are The New Good Banks (PEP, KO, PG, CL)
On tonight’s MAD MONEY on CNBC, Jim Cramer noted that he wanted to look for the new banks. Even thougfh these aren’t really banks, they are the defensive stocks that are still printing money…
Thornburg Mortgage Files To Tap Securities Sales (TMA)
Thornburg Mortgage Inc. (NYSE: TMA) has filed an open shelf registration with the SEC to sell securities from time to time in the form of debt securities, common stock, preferred stock, warrants and shareholder…
IPO FILING: American Capital Agency Corp. (AGNC, ACAS)
A newly created firm called American Capital Agency Corp. has filed to come public. This is a newly-organized Delaware corporation that was formed to invest exclusively in single-family residential mortgage pass-through securities and collateralized…
GameStop Earnings To Set 2008 Video Game Expectations (GME)
Tuesday morning we’ll get to see earnings out of GameStop Corp. (NYSE: GME). The estimates for the largest pure-play video game retailer from First Call are $1.12 EPS on $2.89 billion in revenues. Next…
ETF/ETN Launch: Chinese & Indian Currencies (CNY, INR)
The NYSE today launched the first two Morgan Stanley Exchange-Traded Notes (ETNs) with Van Eck Securities Corporation as the exclusive marketer. These ETN launches are under the market Vectors, which are based on local…
The 52-Week Low Club (BSC)(LEH)(C)(MER)
Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36. Lehman Brothers (LEH) Fall out from banking…
IPO Withdrawl: Renewable Energy Group (RWE)
Renewable Energy Group has withdrawn its application to come public via an IPO. You can probably guess the culprit: "….current market conditions do not support a public offering of the Registrant’s Common Stock at…
Companies With Big Debt Loads Take Pounding (CHTR)(BSX)(LVLT)(AMD)(MNI)
Wall St. has gone from hating financial firms with bad balance sheets to hating all companies with big pools of debt. With the crisis which has evolved over the last few day, debtophobia has…
Biotech Movers & Shakers (AMGN, CRME, DNDN, GNVC, DNA, QLTI, TBRN, BBH, XBI)
Biotech’s are sliding along with all the others today. A look at the highlights and outliers: Amgen (NASDAQ: AMGN) and Wyeth (NYSE: WYE) announced that arthritis and psoriasis drug Enbrel will now have a…
Will Billionaire Joe Lewis Be Wiped Out By Bear Stearns (BSC) Collapse?
Billionaire Joe Lewis invested in Bear Stearns (NYSE BSC), buying as much as 10% of the brokerage firm. Now, he may be out over $1 billion. On Sunday, the Times wrote that Lewis has…
A Lucky Day at Cardiome Pharma (CRME)
Cardiome Pharma (NASDAQ: CRME) picked a bad day for good news. According to the AP the company announced "interim midstage data showed its experimental drug vernakalant was safe and effective in treating abnormal heart…
SPAC IPO FILING: National Security Solutions Inc. (NSX, GE)
Another blank check company has joined the list of pending IPO’s. National Security Solutions Inc. is the next SPAC or special purpose acquisition company to submit an IPO filing. The offering is targeting $200…
Ascent Solar Pounded Over Secondary Offering (ASTI)
Shares of Ascent Solar Technologies (NASDAQ: ASTI) are down over 13% this morning after the company filed with the SEC Friday to sell common stock worth $80 million. $80 million doesn’t sound like much…