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,…
Uncertainty and hesitation marked recent market action, though selling pressure won the week. Markets had a rough week as economic news rolled in with data that fell well below expectations, including a sharp downward…
This week on MAD MONEY on CNBC, Jim Cramer had some international advice. He wants portfolios to have Brazilians, but not the waxing type. He has an oil play, a metals and mining play,…
Ratings firms like S&P, Moody’s, and Fitch had such monstrously poor track records covering the risks of subprime financial instruments that the SEC may take a hand in regulating them It’s a good idea.…
This coming Wednesday morning, we’ll get to see Q4-2007 earnings out of Vonage Holdings Corporation (NYSE: VG). Despite this one being one of the worst IPO’s ever, Vonage still has a cult following behind…
The Yahoo! (YHOO) board and management could have done an out-sourcing deal some time ago to license its search business to Google (GOOG). It would probably have picked up some money beyond what it…
On Wednesday afternoon, we’ll get to see earnings out of Baidu.com, Inc. (NASDAQ: BIDU). The estimates from First Call for the Chinese internet search engine were $0.71 EPS on $76.83 million in revenues. Next…
On Tuesday afternoon, we’ll get to see earnings out of Applied Materials Inc. (NASDAQ: AMAT). The estimates from First Call for the semiconductor manufacturer $2.01 billion in revenues. Estimates for fiscal October 2008 are…
Idearc (NYSE: IAR) Sell off from bad earnings continues. Falls to $8.55 from 52-week high of $38. R H Donnelley (NYSE: RHD) Shares downgraded. Sells off to $17.33 from 52-week high of $84.49. Infineon…
Evergreen Solar, Inc. (NASDAQ: ESLR) has seen its shares hit harder than most of the other solar stocks this week. On this last Monday it filed to sell 20 million shares of common stock…
OPEC members are beginning to talk about cutting production in March. The reason is to keep prices high. Oil now trades near $92 a barrel. According to MarketWatch "Lower demand coupled by economic hurdles…
The Wall Street Journal has reported that Dell Inc. (NASDAQ: DELL) has decided to stop offering processors from Advanced Micro Devices (NYSE: AMD) in most of its PC’s. The computers offered on the Internet…
Light Sciences Oncology Inc. withdrew its IPO filing Friday, citing “unfavorable market conditions.” It originally filed IPO paperwork in April 24, 2006. It was approved for listing on NASDAQ with ticker symbol “LSON,” and…