BPW Acquisition Corp., a SPAC or special purpose acquisition corporation, was listed by the American Stock Exchange this morning under the symbol “BPW.u”. The gross proceeds for the offering are $350 million off of…
China Railway Construction Corp. announced that it intends to price its initial public offering at the high end of its range. At a price of 9.08 yuan ($1.27), the offering is valued at roughly…
State Street Corporation (NYSE: STT) has announced this morning that its State Street Global Advisors "SSgA" has filed an SEC application for exemptive relief for a series of actively managed, target-date exchange traded funds…
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) reported that its secondary offering of additional common units has been raised to a value of approximately $282 million due to a 15% increase in the number…
Intel Corp. (NASDAQ: INTC) is seeing shares drop some 2% in early trading after JPMorgan trimmed estimates on the chip and processor giant. The brokerage report showed an under-trend pattern in its channel checks…
Most economists believe that raising taxes on gasoline reduces consumption. Some favor raising rates higher as a way to drop prices by curtailing demand. That might work if no one in China ever used…
Lehman Brothers has initiated coverage of some key homebuilders this morning: DR Horton (NYSE: DHI) started as Overweight. Hovnanian (NYSE: HOV) started as Underweight. KB Home (NYSE: KBH) started as Equal-Weight. Lennar (NYSE: LEN)…
Banc of America has made several downgrades this morning in the solar power sector stocks. These might not be all of the downgrades and calls but these were the key ones we saw: JA…
Below are the top 10 individual analyst calls we are focusing on this morning: Barrick Gold (NYSE: ABX) downgraded to neutral at Credit Suisse. Biodel (NASDAQ: BIOD) started as Overweight at JPMorgan. Flotek…
Nortel (NYSE: NT) is going to fire 2,100 poor souls as its business has gone into a flat spin. Telecom equipment companies have been falling like flies with recent poor reports from Alcatel-Lucent (NSYE:…
Blackstone (NYSE: BX) cannot be faulted for its creativity the way it can be for its share price. The firm says that it does not need the banks which have walked away from their…
The European Union has fined Microsoft (NASDAQ:MSFT) $1.35 billion for "failing to comply with the European Commission’s 2004 antitrust ruling," according to The Wall Street Journal. Douglas A. McIntyre
The head of Honda (NYSE:HMC) recently made an interesting observation. He sees sales faltering in some states where housing prices and commodities costs are in trouble. But, looking at the broader US, he sees…
Yahoo!’s (NASDAQ: YHOO) assets in Asia, a piece of Yahoo Japan and one of China’s Alibaba, are valued at about $11 billion by most analysts. The board and management of Yahoo! should be making…
Two of the best-selling drugs in the US are Procrit from Johnson & Johnson (NYSE: JNJ) and Aranesp from Amgen (NASDAQ:AMGN). The products treat anemia in patients with kidney dialysis issues. Studies now show…
According to Reuters, weak confidence and rising prices are fuelin stagflation fears. Reuters writes that the long fight between Microsoft (MSFT) and Yahoo! (YHOO) over a takeover will help Google (GOOG).’ Reuters reports that…
Markets in Asia were higher. The Nikkei rose 1.5% to 14,031. Sony (SNE) rose 2.3% to 5320. Toyota (TM) rose 1.5% to 6060. The Hang Seng moved up 3.4% to 24,483. China Life (LFC)…
On CNBC’s MAD MONEY tonight, Jim Cramer went over the agriculture sector. We recently noted ourselves about Ag-flation as wheat prices have more than doubled over the last year. Cramer noted that Cargill suspended…
We do not cover every single index change, but we do cover the ones where it looks like it will impact individual stocks. Standard & Poor’s made an index change announcement this evening and…
MBIA Inc. (NYSE: MBI) just had its "re" new CEO Joseph Brown on a CNBC interview saying that he signed back on to get MBIA’s market cap back up to $10 Billion. He noted…