Some large companies, like Bristol-Myers (BMY), has already said that auction-rate securities on their balance sheets may have to be written down now that the market for this paper is illiquid. The Wall Street…
Video games had a great Febuary. MarketWatch writes "Sales of game software in North America reached nearly $669 million for the month, up 47% from the same period last year, according to data released…
Private equity firms and hedge funds often make what seem to rather odd investments. But the one thing you can count on is that they both want to make money, even if it is…
According to Reuters, regulators unveiled a plan to toughen rules for mortgage brokers. Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) have begiin informal discussion about the buy-out. Reuters reports that IACI (IACI) CEO…
Markets in Asia were mixed. The Nikkei fell 1.5% to 12,242. Sony (SNE) was off 2.3% to 4200. Toyota (TM) was off 3.1% to 5090. The Hang Seng roes .6% to 22,427. China Mobile…
Zumiez Inc. (NASDAQ: ZUMZ) saw shares rocket in after-hours trading after the company posted earnings. The apparel and equipment retailer for young adults in extreme sports )snowboarding etc.) posted earnings of $0.42 EPS on…
If you have read any of our commentary or probably most other commentary online, you know that newspapers are not exactly the next growth engine in the economy. In fact, they are probably losing…
Transition Therapeutics Inc. (NASDAQ: TTHI) is seeing shares surge in after-hours activity. It has signed a pact with Eli Lilly and Co. (NYSE: ELY) where Lilly will acquire exclusive rights to its Gastrin-based therapies…
After the close, there were several SEC Filings that showed insiders at Level 3 Communications Inc. (NASDAQ: LVLT) bought shares of the company. These buys may sound like a lot for the public, but…
Virgin Mobile (NYSE VM) Quaterly loss takes shares down. Falls to $1.90 from 52-week high of $15.69. Bear Stearns (NYSE: BSC) Market still believes that company has severe balance sheet problems. Sells down to…
House Financial Services Committee Chairman Barney Frank announced new legislation Thursday that would increase the involvement of the Federal Housing Administration in the current crisis to help fight the rise of foreclosures. The legislation…
The Charles Schwab Corporation (NASDAQ: SCHW) has authorized share repurchases of up to an additional $500 million of its common stock through open market or via privately negotiated transactions. Schwab notes that as of…
Chrysler LLC is planning to shut down the entire company for two weeks this summer as a cost saving move to accelerate Chrysler’s recovery and transformation. Chief Executive Robert Nardelli sent employees a memo,…
S&P has issued a report today noting that the subprime writedowns could reach $285 Billion, which is higher than the $265 Billion it noted before. But there is a silver lining to the report…
The wheels finally came off in Detroit. GM (NYSE: GM) is down 8% to $19.13, a new 52-week low. The stock bounced around that level in late 2005 and early 2006 when there were…
Salient Surgical Technologies, Inc. has filed to come public via an initial public offering and has applied to trade on the NASDAQ under the ticker "SLNT." The company lists that it will sell up…
Doug Freedman at American Technology Research has issued a call in the PC and memory sector this morning. The firm notes that the March quarter is tracking in-line with normal seasonality for most parts…
BHG ACQUISITION CORP., another special purpose acquisition company, or SPAC, has filed to come public via an IPO. It plans to sell some 35 million units for $10.00 per unit, with each unit representing…
Neutral Tandem, Inc. (NASDAQ: TNDM) has filed to sell 4.5 million shares of stock in a secondary offering this morning via underwriter Morgan Stanley. The use of proceeds is zero for all practical purposes…
Yesterday we saw the annual report out of General Electric Co. (NYSE: GE), along with the letter from CEO Jeff Immelt. While we noted many issues that were broken down by segment with recent…