Discovery Laboratories Inc. (NASDAQ: DSCO) shares are up after a report that their drug Surfaxin, a respiratory distress syndrome treatment for premature infants, should gain FDA approval by May. In pre-market trading, the shares…
American International Group, Inc. (NYSE: AIG) is spooking the financial markets over what is once again another point of the markets not being able to price anything in. AIG in an SEC Filing this…
Darden Restaurants, Inc. (NYSE: DRI) is seeing shares surge Monday in early trading activity after the company gave an updated guidance to its quarter. While Darden expects its EPS growth to be adversely affected…
The US is Motorola’s (NYSE: MOT) handset stronghold. While the company does not do terribly well overseas, it has held a market share lead on it home turf. Nokia NYSE: NOK) has already said…
It’s been a while since we have seen any serious changes to the Dow Jones industrial Averages components, with 2004 being the last change and 1999 before that. This morning there are some announced…
As if banks and brokerages had not written off enough money for the subprime mistakes, the G7 experts think the figure could go as high as $400 billion. According to the FT "this is…
The Cheesecake Factory (NASDAQ: CAKE) is being added to Goldman Sachs CONVICTION BUY LIST. This call is reflecting a view of early cycle casual diners and a fundamental view on recent strategic changes. Goldman…
These are not the only analyst calls affecting stocks this morning, but these are the top calls that 247WallSt.com is focusing on: American Express (NYSE: AXP) downgraded to Market Perform from Outperform at KBW.…
Markets in Europe were down slightly at 6.45 AM New York time. The FTSE was off 4% to 5,760. BP (NYSE: BP) was up 1% to 552.5. GlaxoSmithKline (NYSE: GSK) was up 2.5% to…
After booking billions of dollars in losses because of actions by a rogue trader and write-offs in its CDO portfolio, Societe Generale went to the market with a rights offering for almost $8 billion.…
Nortel (NYSE: NT) and Motorola (NYSE: MOT) are in negotiations about putting together their wireless telecom equipment businesses. According to The Wall Street Journal "If consummated, the talks will create a joint venture that…
Yahoo! (NASD: YHOO) is about to approach Time Warner (NYSE: TWX) about a tie-up with AOL. That is according to The Times in the UK. And, why not? Almost every other possible combination of…
According to Reuters, Societe Generale will raise almost $8 billion at a large discount to its current stock price. Reuters writes that Hugo Chavez has threatened to seize foreign milk plants in Venezuela. According…
Markets in Asia were down The Nikkei was closed for a holiday The Hang Seng was down 3.7% to 22,616. China Life (LFC) was off 4.1% to 28.2. PetroChina (PTR was off 4.5% to…
Venezuela nut-case and president-for-life Hugo Chavez says no more oil for Uncle Sam. American’s most profitable company, Exxon (NYSE: XOM), has court cases pending to try to get reparations for assets taken from it…
The mutual fund industry is particularly brutal because each fund is graded every day on performance. The cruelty of that system hit small finance house Morgan Keegan especially hard in the second half of…
Like some many unsuccessful companies before it, Chrysler wants to cut its way to profitability. The privately-held company, run by Home Depot (NYSE: HD) exile Robert Nardelli, will probably chop its number of brands…
Yahoo!’s (NASDAQ: YHOO) board will presently reject a $31 a share buy-out bid from Microsoft (NASDAQ: MSFT), according to The Wall Street Journal. The group thinks the offer is undervalued and will not look…
Yahoo! (YHOO) will reject the Microsoft (MSFT) bid to buy the web portal firm. According to The Wall Street Journal after a series of meetings over the past week, Yahoo’s board determined that the…
Large sovereign funds are being encouraged to adopt a "code of ethics" The governments in the US and UK are particularly interest in this. Their concern is based around the big money from China,…