Joe Lewis, a British billionaire, has lost $800 million from investing in Bear Stearns (NYSE: BSC). Lewis has almost 10% of the brokerage company’s shares. According to the Times ‘The huge paper losses could…
Sovereign equity funds are huge pools of capital controlled by foreign governments. Most countries have one. Dubai is so rich is has decided it needs two. The country currently has one large fund, Dubai…
Goldman Sachs (NYSE: GS) will take a $3 billion write-down when its announces its quarterly results, according to the Telegraph. That will cut the firm’s first quarter earnings by 50%. "Goldman will also take…
In a previously announced deal China’s CITIC said it planned to invest $1 billion in Bear Stearns (NYSE: BSC). It has had a day to think that over after Bear nearly went under and…
The price of wheat has gone up three-fold in ten months. For something that looks like a weed, that is an impressive run. Since a large number of business from McDonald’s (NYSE: MCD) to…
In the first of what is likely to be an avalanche of suits over the collapse of the auction-rate market, UBS (NYSE: UBS) has been sued for misleading investors. According to The Wall Street…
As the financial crisis spreads quickly from Wall St. to other industries, two large home building projected have received default notices. The problems involve developments in Las Vegas where house prices has collapsed. A…
Google’s (NASDAQ: GOOG) YouTube continues to gain visitors. It competitors have to be dismayed. According to comScore, YouTube had a 34.3% share of all videos watched in the US during January, an improvement of…
NYSE Euronext (NYSE: NYX) and CME Group, Inc. (NYSE: CME) announced late today that NYSE would purchase CME Group’s Metals Complex. NYSE noted that trading of full and e-mini contracts in gold and silver…
This was a massive list of lows today. Not all closed on lows, but the list was chopped down greatly just to accommodate the size of it. If you look at the list, there…
In an SEC Filing, it was disclosed that Carl Icahn has taken a larger stake as an activist in Enzon Pharmaceuticals Inc. (NASDAQ: ENZN). The stake is listed as 6.93% for just over 3.07…
This is just not a good day for financial stocks. Washington Mutual Inc. (NYSE: WM) is feeling some additional pain, and it isn’t because of having ties to any government bailout package. Moody’s came…
The Bear Stearns Companies Inc. (NYSE: BSC) announced that will host a conference call today at 12:30 P.M. EST. The stock is now down more than $23.00 to under $34.00 and shares actually traded…
There was an absence of major buyback announcements this week. That coincides with the lack of as many earnings reports as well. Below are some of the standout buyback and repurchase announcements from this…
Bear Stearns Co. (NYSE: BSC) is getting a temporary reprieve this morning. JPMorgan Chase (NYSE: JPM) and the New York Fed have provided liquidity financing for 28 days to the struggling brokerage firm. This…
This morning the market got a recovery boost on lower Consumer Price Index "CPI" numbers that measure inflation. The problem is that they are almost unbelievable. Even CNBC commentators noted these may all be…
Xcorporeal, Inc. (AMEX: XCR) is a potential undiscovered gem in microcap and low-priced stock investing, and it is in the arena of kidney dialysis. This week’s "INSIDE WALL STREET" segment in Business Week featured…
Below are the top 10 analyst calls we are focusing on this morning: Boeing (NYSE: BA) raised to Overweight at Morgan Stanley. Omniture (NASDAQ: OMTR) raised to Buy at Jefferies. PepsiAmericas (NYSE: PAS) raised…
One thing is very clear now. The plans for GM (NYSE: GM) and Ford (NYSE: F) to make money in North American in 2009 are dead as a door nail. Both stocks trade below…
AIG (NYSE: AIG) is asking regulators to change the way that assets are marked to market at financial companies. This system has caused tens of billions of dollars to be written off by banks,…