Siemens (SI) Cuts Jobs, A Lesson For GE (GE)
The new CEO of Siemens (NYSE: SI) is not a very nice fellow. Depending on which press account is accurate, he is gutting the telecom equipment part his company by cutting between 3,800 and…
All Work
Douglas A. McIntyre
Media Digest 2/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Siemens (SI) will cut over 6,000 jobs in its telecom equipment business. Reuters writes that MBIA (MBI) is moving to help bring stability to the credit markets. Reuters reports that Visa…
Asia Markets 2/26/2008 (NTT)(C)(HBC)
Markets in Asia were mixed. The Nikkei fell .7% to 13,825. NTT (NTT) fell 1.1% to 470000. Nissan rose 1.9% to 982. The Hang Seng rose 19% to 25,715. China Netcom (CN) rose 5.8%…
RadioShack Braces For Earnings (RSH)
On Tuesday we’ll get to see earnings out of The RadioShack Corp. (NYSE: RSH). The estimates for the consumer electric retailer from First Call are $0.72 EPS on $1.33 billion in revenues. Next quarter…
Target’s Earnings Target (TGT)
On Tuesday morning we’ll get to see earnings out of Target Corp. (NYSE: TGT). The estimates for the food and merchandise discount store giant from First Call are $1.22 EPS on $20 billion in…
Can Macy’s Meet Nordstrom’s Earnings Reaction (M)
On Tuesday morning we’ll get to see earnings out of Macy’s, Inc. (NYSE: M). The estimates from First Call are $1.60 EPS on $8.62 billion in revenues. Next quarter estimates are $0.04 EPS and…
Cramer Attacks Congressmen For Holding Up Sirius & XM Merger (XMSR, SIRI)
Jim Cramer came back from vacation and on CNBC’s MAD MONEY, he slammed Congress for taking more than a year now for holding up the Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio…
USEC: Rising Costs Making A Nuclear Winter (USU)
USEC Inc. (NYSE: USU) is one of more widely followed stocks that is in the group of companies et to benefit from the coming nuclear power surge in the coming years. There is just…
Odyssey Marine Soars on Shipwreck Exploration Takeover (OMEX)
Odyssey Marine Exploration, Inc. (NASDAQ: OMEX) has taken over a shipwreck site and it will pay out a 15% post-expense royalty for future findings. It was named the sole plaintiff in the in the…
SPAC IPO FILING: Tri-Artisan Acquisition Corp.
Tri-Artisan Acquisition Corp. has filed to come public via IPO. It lists some 25 million units, with each unit being one share of common stock at $10.00 and an equal number of warrants with…
LDK Beats & Softness Ignored (LDK)
Maybe a day makes all the difference world, at least with a hi-beta stock like LDK Solar Co. (NYSE: LDK) after a more than 50% haircut. LDK Solar posted earnings of $0.44 EPS on…
Nordstrom Earnings Decent, Guidance Not So Good, Shares Hang In (JWN)
Nordstrom Inc. (NYSE: JWN) posted $0.92 EPS on revenues of $2.51 Billion. First Call had targets set at $0.88 EPS on $2.53 Billion revenues. For the first quarter of 2008, Nordstrom projected same-store sales…
The 52-Week Low Club (ESI)(AVR)(SMSI)(ANAD)
Cott Corp (COT) Job cuts. Falls to $3.81 from 52-week high of $17.33. ITT Educational Services (ESI) Cuts outlook. Student loan market is rough. Drops to $52.40 from 52-week high of $131.81. Aventine Renewable…
S&P Keeps Bond Reinsurance Rating Rigged Game Alive (ABK, MBI)
S&P reaffirmed the "AAA" ratings for both MBIA (NYSE: MBI) and Ambac (NYSE: ABK). S&P noted that MBIA was removed from CreditWatch and a negative outlook was assigned, meaning it is no downgrade imminent…
CEO Stock Gifts Look A Little Unsavory (IACI)(MER)(C)
It looks like CEOs may have found a new way to "game" the systems for giving and getting stock. According to a piece at Portfolio.com, chief executives are particularly adroit at the way they…
Google Search Almost Double Yahoo!/MSN Combined (GOOG, MSFT, YHOO)
Google (NASDAQ: GOOG) search is now roughly 3-times that of Yahoo! (NASDAQ: YHOO). To make matters worse, its "searchers" appear to be much more active in search. While Microsoft (NASDAQ: MSFT) is far behind…
Microsoft (MSFT) Tries To Leap Frog Google’s (GOOG) Ad Targeting
Microsoft (NASDAQ: MSFT) claims that is has come out with the greatest internet ad targeting system since the beginning of time. "It said its new system, which it calls Engagement Mapping, will measure all…
Qwest (Q) Wants A Better Deal From Sprint (S)
Shares of telecom company Qwest (NYSE: Q) are up almost 8% on news that it wants a better deal with Sprint (NYSE: S) for providing wireless service in its region which includes 14 states.…
High-End Retail Braces For Nordstrom Earnings (JWN)
Nordstrom Inc. (NYSE: JWN) is set to report earnings after the close today. First Call has the following estimates: Time EPS $REVQ4-2008 (Jan.) $0.88 …
Will Carlyle Compete Against Corning in LCD Screens? (GLW)
There is an interesting report out of Nikkei Net Interactive in Japan, which notes that US-based private equity giant Carlyle is buying a majority stake in a joint venture that produces LCD substrates. The…