Clear Channel (NYSE: CCU) has settled its differences with Providence Equity for the LBO firm to buy its TV properties. The dispute had made it to court. The original price was $1.2 billion, but…
The Fed has offered to to advance banks cash to ease their credit problems. It began the program in December in the hope of helping banks free up capital to make loans and help…
Goldman Sachs (NYSE: GS) is likely to report a bad quarter. Much of this will be due to LBO debt which it has on its books and cannot syndicate to other institutions. It took…
Perhaps feeble-minded Venezuelan president Victor Chavez does not want to spend decades in court with Exxon (NYSE: XOM) fighting over the oil company’s seizure of some of the country’s assets due to nationalization of…
All the economic news was bad this morning. Alan Greenspan said economic growth in the US had gone to zero and was likely to move negative soon. And, the Association for Business Economics survey…
Accordig to Reuters, Alan Greenspan says that the US economic growth is zero and that the oil boom will go on "forever." Reuters writes that the National Association for Business Economics survey predicts that…
Markets in Asia were mixed. The Nikkei was up 3.1% to 13,915. Docomo (DCM) was down 3.2% to 153000. Sharp was up 5.2% to 2100. The Hang Seng fell .2% to 23,269. China Life…
A number of large money center banks and brokers walked away from the role of using their capital to support the auction-rate markets. This market has been in place since 1984. Its size is…
Ambac (NYSE: ABK), the down-on-its-luck muni-bond insurance company may get rescued by several large banks. If the reports are to be believed, Citigroup (NYSE: C), UBS (NYSE: UBS), and Wachovia (NYSE: WB) will put…
Electronic Arts (NASDAQ: ERTS) has disclosed that it made a $26 all-cash offer for smaller video game publisher Take-Two (NASDAQ: TTWO). The total value of the deal is about $2 billion. It is a…
The FDA has approved Genentech’s (NYSE: DNA) drug Avastin for the treatment of breast cancer. The product is already Genentech’s top selling drug but is marketed for treating other cancers. Tests by FDA science…
The TSX and the Dow parted ways this week as commodities lifted Canadian markets. Gold, platinum, silver, copper, oil and soft commodities led gains across the TSX and the TSX Venture exchange, though the…
The US military’s aerial refueling tanker contract is up for bid. The deal is worth $40 billion and involves building 179 planes. Boeing (NYSE: BA) and its investors are counting on the deal. But,…
Now that Intel (NASDAQ: INTC) has the launch of its quad-care chips behind it, the company is looking at putting out a six-core chip product, perhaps early as next quarter. According to The Inquirer,…
According to The Times HSH Nordbank of Germany will sue UBS (NYSE: UBS) to recover up to 500 million pound which it lost on subprime instruments sold to it by the Swiss bank. The…
This week will be an important earnings week for building supply and home improvement companies. We’ll get to see earnings out of Lowe’s Co. (NYSE: LOW) and out of Home Depot (NYSE: HD). Monday…
On Friday, after a potential deal may be struck to save the monolines, we had been pondering the overall recovery of the healthy banks in the sector. We have covered "the banks that will…
Short interest in companies traded on the NYSE increased for a number of financial firms based on positions as of February 15. The data compares to numbers on January 31 Shares sold short in…
If you thought that health and fitness was a secular trend, you wouldn’t know it if you looked at Life Time Fitness Inc. (NYSE: LTM). The health club operator found itself in a precarious…
Next Thursday we’ll get to see earnings out of Dell Inc. (NASDAQ: DELL). The estimates for the turnaround computer giant from First Call are $0.36 EPS on $16.23 billion in revenues. Next quarter estimates…