Teva Beats & Grows, Shares Off (TEVA)
Teva Pharmaceuticals (NASDAQ: TEVA) posted earnings at $0.69 EPS on revenues of $2.58 Billion; First Call had consensus at $0.66 EPS on $2.48 Billion in revenues. There are some big numbers ahead for Teva…
All Work
Douglas A. McIntyre
Europe Markets 2/12/2008 (ALU)(BHP)(BCS)
Markets were higher in Europe at 7.20 AM. The FTSE rose 1.2% to 5,776. Barclays (BCS) was up 4% to 446.5. BHP Billion (BHP) was up 3% to 1527. The DAXX was up 1.3%…
Top 10 Pre-Market Analyst Calls (AIG, ANDE, BHI, PNM, SLB, SII, TWX, UL, WFT, WINN)
These are the top ten analyst calls that 247WallSt.com is focusing on in pre-market trading this Tuesday morning: AIG (NYSE: AIG) downgraded to Equal Weight at Lehman. Andersons (NASDAQ: ANDE) downgraded to Neutral from…
GM (GM): It’s All Overseas Now
GM (NYSE:GM) reported fourth quarter and full year earnings.One thing was clear GM’s prospects are now almost entirely overseas. With total car sales likely to fall one million units this year, GM can’t make…
GM (GM): It’s All Overseas Now
GM (NYSE:GM) reported fourth quarter and full year earnings.One thing was clear GM’s prospects are now almost entirely overseas. With total car sales likely to fall one million units this year, GM can’t make…
Mortgage Assistance: Helping Those Who Won’t Pay
The US Treasury is encouraging several large banks, lead by Citigroup (C) and Bank of America (BAC) to freeze foreclosures for 30 days while they sort out which homeowners should get restructured loans. "The…
Can Diller Buy Malone Off With Home Shopping Network?
There has been some speculation that Barry Diller might be able to keep control of IAC/Interactive (IACI) without fighting with majority shareholder Liberty Media, if he hands over his largest division, The Home Shopping…
Wal-Mart (WMT) Takes On Water In Japan
If Wall St analysts thought Wal-Mart (WMT) has problems in the US, they ought to stop by the retailer’s operations in Japan some time. According to Reuters the company said on Tuesday that "it…
Blackberry Outages Don’t Hurt RIM (RIMM) At All
The management at smartphone also-ran Palm (PALM) probably opened their champagne bottles when they heard about the big service interruption that hit RIM’s (RIMM) service network in North America and shut down access to…
Rising Nasdaq Short Interest Show Big Bets Against Tech
Rising short interest in tech stocks traded on Nasdaq shows the extent to which investors are willing to bet against the sector. The figures compare shares sold short as of January 31 compared to…
Media Digest 2/12/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Yahoo! (YHOO) rejected Microsoft’s (MST) bid for the company. Reuters writes that Credit Suisse reduced its write-downs from subprime insrtuments. Reuters writes that RIM (RIMM) had a huge outage in Blackberry…
Asia Markets 2/12/2008 (NTT)(DCM)(CHL)
Markets in Asia were mostly higher. The Nikkei rose a fraction to 13,02. NEC rose 1.8% to 408. NTT (NTT) rose 2.6% to 512000. Docomo (DCM) rose 3.1% to 167000. The Hang Seng rose…
Google (GOOG) Share Of US Online Revenue 24%
Google’s (NASDAQ: GOOG) share of the US online ad revenue market was 23.7% in Q4. That number fell from Q3, but only by .5%. Research group IDC said that a combination of Microsoft (NASDAQ:…
GM (GM) Earnings Preview, International Numbers Are Key
When GM (NYSE: GM) posts earnings it will be the first look at what the company’s expense run rate will be as it moves into 2008. There may be one-time charges for employee buyouts…
Blackberry Outages (RIMM)
Research-in-Motion (NASDAQ: RIMM) is reporting a critical outage for its Blackberry users this afternoon. Some outages in the past have affected some users, while others were system-wide. This outage is system-wide for enterprise clients…
The 52-Week Low Club (AIG)(PRU)(ALL)(NURO)
American International Group (NYSE: AIG) Warns about more potentia write-offs and bad financial controls. Falls to $44.52 from 52-week high of $72.97. PNM Res (NYSE: PNM) Numbers miss Wall St. estimates. Drops to $13.31…
Another Oil IPO Failed: Forum Oil Technologies (FOT)
Forum Oilfield Technologies, Inc. has just filed to withdraw its IPO application. The reason: "due to market conditions." This was one we had previously noted that would have the NYSE ticker of "FOT" if…
LBO Debt May Be Written Down 10%: Merrill Lynch (MER) And Goldman Sachs (GS) At Risk
Bank of America has release a study showing the levels of LBO write-downs that large banks and brokerages may have to take. The figures are based on a "the current series of the U.S.…
IPO Withdrawal: Plains GP Holdings (PAA)
Plains GP Holdings, L.P. withdrew its IPO filing this morning, stating that the withdrawal it is “consistent with the public interest and the protection of investors.” Plains originally filed its IPO paperwork on August…
SPAC IPO FILING: JWL Partners (JWL, SHRP)
JWL Partners Acquisition Corp., a SPAC, or special purpose acquisition company, submitted an IPO filing on Friday. The filing shows $200 million proceeds targeted at $10.00 per unit, each unit will consist of one…