Investors usually try to find stocks where they run for cover when the stock market is in turmoil. This Monday is no exception after seeing the Bear Stearns implosion "takeunder" and the related fall…
For those intrepid enough to go into the market today, there are some stocks that are down under 1%. Some are even up slightly. A shopping list for the insane: Micrsoft (NASDAQ:MSFT), GE (NYSE:GE),…
Iomega Corporation (NYSE: IOM) has announced that it has received a revised unsolicited non-binding indication of interest from EMC Corporation (NYSE: EMC – News) over its prior unsolicited buyout offer. EMC has indicated that…
Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came to bail-out Bear Stearns…
CSX Corp. (NYSE: CSX) has made several announcements this morning for shareholder initiatives. The railroad giant sees first quarter 2008 EPS at $0.74 to $0.77 EPS and put full-year EPS at $3.40 to $3.60…
BMC Software (NYSE:BMC) has announced that it will acquire BladeLogic (NASDAQ:BLOG) for $28.00 per share of BladeLogic common stock. The data center automation company acquisition is valued at $800 million, net of cash acquired. …
It’s official. The CME Group Inc. (NYSE, Nasdaq: CME) is acquiring NYMEX Holdings, Inc. (NYSE: NMX). The commodities and futures exchanges announced a definitive agreement where CME will acquire NYMEX on the terms previously…
These are not the only research calls this morning affecting stock, particularly as the world is focused on the fleecing that has occurred at Bear Stearns this morning. But these are other brokerage firm…
Markets in Europe were down sharply at 6.25 AM New York time. The FTSE was off 2.2% to 5,506. Barclays (BCS) was down 6.9% to 403. HBOS was off 9.6% to 477.25. The DAXX…
According to Reuters "International Paper (NYSE: IP) has agreed to pay $6 billion in cash to buy the packaging and recycling unit of Weyerhaeuser Co, (NYSE: WY) the timber and forest products company." Douglas…
Bristol-Myers (NYSE: BMY) does not see much future in baby food. It is trying to sell its operation to a company where its is a better fit. According to the FT, that includes Pepsi…
Oil hit nearly $112 today. The debate now is not over whether oil will be at $100 for the near-term. Traders and economists are focused on whether a recession will take oil demand, and…
Some bright person came up with the term "decoupling". It is meant to say that trouble in the US economy will not spread to the hot economies is Asia. Perhaps it gives them some…
Google (NASDAQ: GOOG) certainly does not want to see Microsoft (NASDAQ: MSFT) buy Yahoo! (NASDAQ: MSFT). It would allow Microsoft to spread its search features across a much larger audience. It would also create…
The Fed has already provided a facility of $200 billion to banks to help them improve balance sheets by exchange some of their less-than-liquid and less-than-valuable paper for real honest-to-God money from the government.…
Much of the concern about the Fed lending out tens of billions of dollars to financial institutions is that tax-payers will eventually pay the bill. The Fed is taking in securities from banks and…
According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash. Reuters writes that JP Morgan (JPM) bought Bear Stearns (BSC)…
Markets in Asia fell sharply. The Nikkei was off 3.7% to 11.788. Sony (NYSE: SNE) was off 5.7% to 3960. Toyota (NYS: TM) was down 5.1% to 4830. The Hang Seng was down 4.2%…
The news that Bear Stearns (NYSE: BSC) was sold to JP Morgan (NYSE: JPM) and that the Fed would increase liquidity for primary dealers was too much for the Japanese market to bear. It…
The Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent. The Fed also authorized the Federal…