OPEC Set To Keep Oil Output Flat
It now appears that OPEC will not lower production despite the entreaties from the US and other big oil consuming countries. OPEC ministers said that rising prices had little to do with supply. They…
All Work
Douglas A. McIntyre
GM (GM) CEO Loses His (Real) Job
GM (GM) CEO Rick Wagoner got kick upstairs to the realm of the Zeppelin pilots yesterday. The company said that he did not lose any of his authority, but it put in a new…
Apple (AAPL): Steve Jobs In No Robin Hood
Apple (NASDAQ:AAPL) had a chance to do a something for shareholders who have seen the stock drop from $202 to $124 in a little over two months. Company founder Steve Jobs is a billionaire,…
CEOs Time Stock Gifts A Little Too Well (HMA)(MSM)
It looks like CEOs are timing stock gifts, especially those to their family foundations, a little too well A study by a professor at New York University looked at 151 gifts over over $1…
A Yahoo! (YHOO) Merger With AOL Won’t Float
Word got out overnight that Yahoo! (YHOO) is at the bargaining table with Time Warner (TWX) about AOL being merged into the larger portal. Yahoo! is grasping at every straw to stop a takeover…
Media Digest 3/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Google (GOOG) lost a key executive to Facebook. Reuters reports that losses at Credit Agricole were worse than expected Reuters reports that OPEC indicated that it would leave production unchanged. Reuters…
Asia Markets 3/5/2008
Most markets in Asia were down slightly. The Nikkei dropped .2% to 12,972. KDDI was up 1.8% to 631000. Mazda was up 2.2% to410. The Hang Seng dropped .1% to 23,095. China Life (LFC)…
Applied Materials Solar Strategy Paying Off (AMAT, CY, SPWR)
Applied Materials (NASDAQ: AMAT) saw a major run on Tuesday. Despite a warning out of Intel the night before, the company is diversifying out of chip cap-ex and equipment dominance into a strategy of…
SPAC IPO FILING: Oasis Group, Inc.
Oasis Group, Inc. is yet another special purpose acquisition company, or SPAC, that has filed to come public via an IPO. The company has filed to raise $300 million with a sale of 30…
Good News For Sprint (S) And AT&T (T): Mobile Ads
More and more mobile phone users are open to seeing mobile ads, especially if they offset the cost have of their calling and data plans. Reuters writes that a study by Nielsen shows "almost…
The 52-Week Low Club (FNSR)(TRSA)(C)(S)
Fremont General (FMT) Fear of Chapter 11 grows. Falls to $.39 from 52-week high of $13.80. Verasun Energy (VSE) High commodity prices kill ethanol stocks. Down to $7.76 from 52-week high of $21.47. Hertz…
Lazard Defends FuelCell Energy Ahead of Earnings (FCEL, FTEK)
Lazard Capital Markets’ Sanjay Shrestha has come out defending FuelCell Energy (NASDAQ: FCEL) ahead of tomorrow’s earnings report. The firm expects another strong quarter from the company. It also notes a an attractive risk/reward…
Upek IPO Bites The Dust
The market is starting to take its toll on IPO’s for many companies. Upek Inc. has just joined the ranks of other companies that have filed to withdraw an IPO. Its filing with the…
Defensive Stocks Only A Partial Sanctuary (KO, BUD, KFT, MCD, MO, PG, CL, MRK, JNJ)
Defensive stocks are often the stocks that investors try to use as a safe harbor to wait out the storms. We have covered many of these and even gave our own list of defensive…
Good News For AT&T (T), Sprint (S), And Verizon (VZ): Mobile Broadband Up
Use of mobile broadband, PCs connected to the internet over cellular networks spiked up 154% from the Q4 06 to Q4 07. The total number of unique computers hooked up at the end of…
Rep Gene Green Talks About Sirius (SIRI) Merger: No Issue If One Goes Out Of Business
24/7 Wall St. spoke to Rep Gene Green of Texas. He is Congress’s most vocal opponent of the Sirius (NASDAQ: SIRI) merger with XM Satellite (NASDAQ: XMSR). He has been vilified by none other…
Google (GOOG) Keeps Picking Up Market Share
The rich get richer. Despite all of the concerns about the rate at which people click on Google’s (GOOG) text ads, at least it share of the market is still growing. Based on data…
E*Trade (ETFC): The Prince Becomes A Frog
E*Trade (ETFC) investors cheered when they heard that the company’s chairman, a former senior executive at JP Morgan (JPM) was taking over as CEO. The reality of the situation did not take long to…
Would Apple Risk A Share Buyback? (AAPL)
Apple Inc. (NASDAQ: AAPL) shareholders get to vote on nominations for Apple’s board of directors today. We also saw that proxy firm Glass Lewis& Co. advised holders to elect Chief Executive Steve Jobs, William…
Motorola (MOT) Expects North America To Be Tough
Motorola (MOT) may not do well in the rest of the world, but its sales in North America has been solid. Investors probably can’t take the handset company’s performance in its home market for…