Cutting Oil Prices, Open The Strategic Petroleum Reserve
OPEC President Chakib Khelil says that petroleum prices will stay at the current levels until the end of the year. Call him an optimist. For the US, that means $108 crude and gas prices…
All Work
Douglas A. McIntyre
China’s Secret Secret Stealing
People who believe in conspiracies are nuts in need of powerful anti-psychotic drugs. That is until their theories prove true. They then morph into prophets and sages. Agoraphobic men wearing aluminum foil hats to…
Sovereign Funds Will Eat The World
Assets controlled by sovereign funds could hit $12 trillion by 2015, at least according to Morgan Stanley.That would put the pool of capital which they control higher than all reserves held by central banks.…
Charter (CHTR) Raises Money For A Lost Cause
Charter Communications (NASDAQ:CHTR) raised another tranche of junk debt, about $1 billion. That will sit on top of the $19 billion which the company, controlled by billionaire Paul Allen, already has. Just because Charter…
Fannie Mae (FNM) And Freddie Mac (FRE) May Take Sharedholers Under
Freddie Mac (NYSE: FRE) has a market cap of about $12 billion. At Fannie Mae (NYSE: FNM) that number is closer to $22 billion. Both company’s stocks are down about 70% from their 52-week…
AMD (AMD) Needs Intel (INTC) EU Case To Save Its Skin
Intel (NASDAQ: INTC) management and lawyers are in Europe talking with EU officials about whether the big chip company violated anti-trust laws in the region. According to The Wall Street Journal "The EU filed…
Boeing (BA) Cries To Congress
Boeing (NYSE: BA) made an official complaint with the Government Accountability Office about a $35 billion Air Force tanker deal which it did not get. The deal went to Northrop Grumman (NYSE: NOC) and…
NASDAQ Short Sellers Back Off Tech (INTC)(DELL)(YHOO)(JAVA)
According to NASDAQ figures on short selling on February 29, share sold short in tech companies dropped sharply, an indication that investors are not willing to bet that stocks in the companies will go…
Media Digest 3/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, central banks are uniting to ease the credit crisis. Reuters writes that Google (GOOG) got EU approval to buy DoubleClick and its shares rose. Reuters reports that Caterpillar (CAT) raised its…
Asia Markets 3/12/2008 (LFC)(PTR)
Markets in Asia were mostly higher. The Nikkei was up 1.6% to 12,861. Japan Tobacco was down 3.5% to 550000. KDDI was up 3.7% to 623000. The Hang Seng rose .8% to 23,185. China…
Cutting Maintenance Doesn’t Help Southwest Shareholders (LUV)
Southwest Air (NYSE: LUV) responded today to preliminary findings of its internal investigation over safety allegations. It looks like the allegations over safety and inspection incidents had some meat to them. The airline is…
Cramer Hunts For Safe Harbor in a Storm: DuPont (DD)
Cramer went out tonight on CNBC’s MAD MONEY still looking for safe harbors in a storm, despite the strong market today and despite his noting that this trading rally could last 5 days. His…
Cramer Goes Wrestling (WWE)
On tonight’s MAD MONEY on CNBC, Jim Cramer hosted World Wrestling Entertainment Inc. (NYSE: WWE) CEO Linda McMahon. This is one that Cramer touted before, and it doesn’t look like much has changed there.…
Caterpillar, No Dog (CAT)
Caterpillar Inc. (NYSE: CAT) has come out and maintained its 2008 EPS growth estimate of 5% to 15% and sales growth estimates of 5% to 10%. After going back over the notes, this in-line…
DivX Looks Like Golfing Divot (DIVX)
Hitting a 52-week low on news is one thing, but blowing through it is another. When you consider it coming from a hot IPO touted by Cramer at one point then it’s even worse. …
The 52-Week Low Club (HUM)(WLP)(CI)(S)
Humana (HUM) Health insurers pulled down by bad news at WellPoint. Falls to $42.85 from 52-week high of $88.10. Wellpoint (WLP) Profit warning. Drops to $46.66 from 52-week high of $90. CIGNA Corporation (CI)…
CEO Immelt Buys $2M More in General Electric Stock (GE)
Jeff Immelt, CEO of General Electric Co. (NYSE: GE), has gone active again in buying up shares of company stock. In an SEC Filing, it shows that Jeff Immelt bought roughly 62,000 shares of…
24/7 Wall St. Conversation With Verizon (VZ) CEO Ivan Seidenberg
24/7 Wall St. interviewed Verizon (NYSE: VZ) CEO Ivan Seidenberg about the wireless and broadband industries. When asked about the concern among investors that wireless saturation rates and new cellular price plans are a…
Tech Profits From 3-D & Cinema Expansion Initiatives (AIXD, DIS, GE, NWS, VIA, DWA)
A small company called Access Integrated Technologies, Inc. (NASDAQ: AIXD) made an announcement this morning that it received commitments from four major movie studios to provide movies to up to 10,000 digital cinemas in…
Fed Adds Another $100B, Will Take ‘Other’ Mortgages In Rescue Package (GS, C, BAC, MER, MS, WB)
The Federal Reserve has just made an expansion of its securities lending program to add much more liquidity to the banking system, but the difference here is that this goes above and beyond the…