According to Reuters, Citigroup says UBS (UBS) may face another $18 billion in write-downs this year. Reuters writes that Alan Greenspan says the US is on the edge of recession. Reuters writes that the…
Apple (NASDAQ: AAPL) traded at over $200 just before the first of the year. On a good day it now trades at $128. 24/7 Wall St. recently ran an analysis of why Apple’s stock…
On tonight’s MAD MONEY on CNBC, Jim Cramer came out discussing oil and gas infrastructure, and said that a relatively small player name Willbros Group, Inc. (NYSE: WG) is a winner. The company focuses…
These are the new combined holdings (alphabetically A-G) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: American Express (NYSE: AXP) 151.6 million shares for a value of more…
These are the new combined holdings (alphabetically H-P) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: Home Depot (NYSE: HD) 4.181 million shares for $112.6 million. Ingersoll Rand…
These are the new combined holdings (alphabetically S-Z) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: Sanofi-Aventis (NSE: SNY) 3.569 million shares for some $162.5 million. SunTrust Banks…
After a big fourth quarter loss, private equity player Cerberus may regret buying a controlling interest in GMAC. The head of Cerberus said in a note to clients picked up by Reuters "… if…
Priceline.com Inc. (NASDAQ: PCLN) just posted non-GAAP EPS of $0.96 EPS on $334.9 million in revenues, while the estimates from First Call for the online travel company were $0.84 EPS on $329.3 million in…
UBS Ag (UBS) Swiss bank gets pounded on big write-off. Drops to $33.60 from 52-week high of $66.26. Blackstone (BX) Today is CEO Steve Schwarzman’s birthday. Happy birthday, Steve. Shares slide to $16.63 from…
Nielsen has released its top aggregate sites by parent company for January 2008, and it starts getting even more clear why this super-merger on the web is being pursued. Below is the TOP 10…
There is a new study out that has compared the current mortgage and subprime meltdown to the S&L and consumer crisis of the 1980’s that led to the creation of Resolution Trust Corp. (the…
A recent research report from comScore breaks video viewers into three groups. The "heavy user" group watched an average of 841 minutes of video per month. This group made up 20% of all people…
This afternoon after the market closes, we’ll get to see earnings out of Priceline.com Inc. (NASDAQ: PCLN). The estimates from First Call for the online travel company are $0.84 EPS on $329.3 million in…
Billionaire activist investor and financier Carl Icahn has released the total holdings in an SEC filing for the period end December 31, 2007 for ICAHN CAPITAL, LP. As Carl Icahn and his friends are…
Geeks On Call Holdings, Inc. (OTCBB:GOCH) has completed a merger transaction and the closing of a $3.0 million private placement. There was an SEC filing showing the details of the financing. Trading in the…
New York State Insurance Superintendent Eric Dinallo has come up with the lame-brained idea of taking bond insurers like MBIA (NYSE: MBI) and Ambac (NYSE: ABK) and "breaking them in half." According to MarketWatch…
Every time Wall St. looks at Level 3 (NASDAQ: LVLT) it sees promise. The company provides broadband pipes all over the US and some abroad. In a world where high-speed data, video, and voice…
A close look at Ben Bernanke’s testimony in the Senate today show that the man is profoundly worried. He just know how to couch in complex terms. The chairman hints at what he believes…
The fear of a slowdown in tech spending has done a great deal of damage to big tech stocks. Over the last three months Amazon (AMZN) is down 3%, Intel (INTC) is off almost…
TorreyPines Therapeutics (NASDAQ: TPTX) has announced its strategic plan for 2008. Unfortunately it doesn’t look or sound very promising. The company will focus on clinical development activities to maximize the value of the company’s…