Shares of The Blackstone Group, L.P. (NYSE: BX) have seen their share of pain since coming public in 2007. The private equity giant will report earnings Monday, and this may further set the tone…
The Fed may need to get ready to put another $300 billion into the banking system, trading cash for paper that is clearly not worth a hundred cents on the dollar. According to a…
Texas Instruments Inc. (NYSE: TXN) is set to report its mid-quarter update on Monday. What is expected to be a short press release will come after the close. The chip giant issued guidance with…
Ambac Financial Group, Inc. (NYSE: ABK) did manage to raise its additional $1.5 Billion in new capital as the company tries to maintain its Triple-A ratings. Ambac priced 185.2 million common shares at $6.75…
The FBI is looking into whether Countrywide (NYSE: CFC) committed securities fraud by making false statements about the mortgage bank’s financial position. The Wall Street Journal writes that a "potential issue facing the company…
According to Bloomberg, GM (NYSE: GM) has a 113 day supply of trucks. That is well above the 60 days that most industry analysts believe is ideal. Strikes have closed some companies which supply…
Now that Boeing (NYSE: BA) has officially lost the bidding for a new Air Force tanker to Northrop Grumman (NYSE: NOC) and EADS, parent of Airbus, it will probably make an official complaint to…
If you thought oil prices of today are high with oil prices north of $105/barrel, imagine what a $120/barrel, or $150/barrel, or even $200/barrel oil would do. A firm called United Energy now has…
Reddy Ice (NYSE: FRZ) Offices raided by Feds. Drops to $12 from 52-week high of $32.21. Washington Mutual (NYSE:WM) One of the largest mortgage brokers. Falls to $9.91 from 52-week high $44.66. Nortel (NYSE:…
Goldman Sachs says that several factors could cause oil to spike to $200. "As the lack of supply growth and price-insulated non-OECD demand suggest a future rebound in U.S. gross domestic product growth or…
The NYSE Euronext (NYSE: NYX) has made proposed rule changes this week that would allow the listing of Acquisition Companies (ACs) on the NYSE. They are describing special purpose acquisition companies, or SPAC’s, and…
On the face of it, there is no way GE (NYSE: GE) should be at a 52-week low. The company is as solid as a rock, a "safe haven" stock. Its yield is 3.7%.…
AbitibiBowater Inc. (NYSE: ABH) is seeing shares surge after the open this morning. The paper and wood products company secured a financing pact that it had made a filing for earlier. The company noted…
Ciena Corp. (NASDAQ: CIEN) is one of the few bright spots out there in the market this morning. The company beat earnings expectations by posting $0.47 EPS and revenues were up over 37% from…
Short sellers went after newspaper chains with a vengeance based on data from the NYSE as of February 29. The coverage ratio for Journal Register (NYSE: JRC) hit 52 days. The stock trades at…
These are some of the top analyst calls this morning: Alcoa (NYSE: AA) cut to Market Perform at FBR. Dr. Reddy’s (NYSE: RDY) cut to Hold at Citigroup. Freeport-McMoRan (NYSE: FCX) cut to Market…
The Fed announced this morning that the amounts outstanding in the Term Auction Facility (TAF) will be increased to $100 billion. The auctions on March 10 and March 24 each will be increased to…
Markets in Europe were down sharply at 6.40 AM New York time. The FTSE fell 1.2% to 5,697. BHP Billiton (BHP) dropped 4.4% to 1606. Rio Tinto (RTP) fell 3.3% to 5613. The DAXX…
Analyst Michael Hecht of Bank of America has cut his earnings estimate for Blackstone Group (NYSE: BX) by half for the next quarter from $.25 to $.11. Blackstone’s stock now trades at just over…
Digg, the huge user-contributed content site, is up for sale, according to TechCrunch. The likely bidders are, of course, Microsoft (NASDAQ: MSFT) and Google (NASDAQ: GOOG), who seem to be willing to make any…