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…
Aventine Renewable Energy (NYSE: AVR) Bad earnings and liquidity issues. Down to $6.79 from 52-week high of $20.85. Life Time Fitness (NYSE: LTM) Bad outlook from 2008. Sells off to $30.40 from 52-week high…
Earl Wayne Garrison, Chairman of J B Hunt Transport Services, Inc. (NASADAQ: JBHT), just disclosed in an SEC filing that he made a sale of common stock in the company. It wasn’t a small…
Next week we are getting dual earnings reports out of Sirius Satellite Radio (NASDAQ: SIRI) and from XM Satellite Radio (NASDAQ: XMSR). We are also waiting for a Department of Justice approval decision, and…
Transoma Medical, Inc. withdrew its IPO filing this morning, citing “unfavorable market conditions.” The company originally filed its IPO paperwork on October 12, 2007 and had planned to trade on the Nasdaq Global Market…
Siemens (NYSE: SI) joins the short list of big companies which claim that they are seeing no weakness in their global businesses. “It’s clear that we’re entering a phase of slowdown in the world,” …
China Railway Construction Corp., the second largest Chinese railroad builder, intends to raise $3.6 billion from its IPO offering in Shanghai. Reuters has reported that the state-run company will offer some 2.8 billion A…
Perhaps the prospect of Level 3 (NASDAQ: LVLT) COO Kevin O’Hara speaking at the Merrill Lynch Communications Services Forum next week drove investors out of the stock. Shares were at $2.50 two days ago…
Cbeyond (NASDAQ: CBEY) shares were hit with the Hammer of Thor today, trading off 33% to $15.58. That compares to a 52-week high of $46.51. The firm did post rough earnings. Revenue moved up…
The NYSE Euronext has commenced the launch of trading of an ETF, actually an ETN, that will allow traders to trade several currencies just like buying or selling a stock. 5 Elements Spot Currency…
2007 and 2008 aren’t turning out to be the best years for GSE’s like Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). Things just got worse for these two this morning. Merrill Lynch…
Conexant Systems Inc. (NASDAQ: CNXT) is going to try a reverse stock split to juice its shares. As the stock trades 6 million shares per day and is at the very lowest-end of its…
Adherex Technologies Inc. (AMEX: ADH) has announced that it has received an orphan drug designation for its ADH-1 from the FDA for the use of ADH-1 in conjunction with melphalan for the treatment of…