Citigroup (C) Gets Money From Overseas
Perhaps Warrent Buffett was asked and perhaps he was not, but Citigroup (C) ended the week with more money in its checking account. According to The Wall Street Journal "Prince Alwaleed bin Talal is…
All Work
Douglas A. McIntyre
This week on Stockhouse January 7 – 11
This was a great week for gold as the yellow metal continued to forge new highs, though many investors wondered when the effect will spill over to the junior miner sector, which still languishes…
IncrediMail’s Ad Wrath (MAIL, GOOG, YHOO, TWX)
IncrediMail Ltd. (NASDAQ:MAIL) saw its shares just crushed today. The company made the announcement that it received a notification from Google January 9th that Google (NASDAQ:GOOG) disengaged the Google Adsense program from the IncrediMail…
Broadband For Farmers Still Far Off
It will be 2011 until ViaSat launches a new satellite to help get broadband coverage to people in rural areas. WiMax may be available sooner. Accroding to The New York Times "ViaSat plans to…
World of Warcraft Heading to Consoles? (ATVI, MSFT, SNE, GME)
Vivendi’s Blizzard could have a new trick up its sleeve in MMORPG (massively multi-player online role playing games) besides its pending merger. There is a report on the MMORPG Blog noting a "rumor" that…
Wall St. Sours On McDonald’s (MCD)
Just a couple of weeks ago McDonald’s (MCD) was the toast of the town. Same store sales were great and its breakfast menu was selling like hotcakes. It said it would put coffee bars…
Cadence Pharmaceuticals (CADX): Another Biotech Implosion
Shares in Cadence Pharmaceuticals (CADX) are off as much as 50% on news that one of its drugs had failed in trials. According to Reuters "the biopharmaceutical company said one trial did not meet…
When Will Advertising Recession Hit? This Quarter
From Silicon Alley Insider Most major Wall Street firms are now predicting a recession (or saying we’re in one). Financial services firms, retailers, cable companies, and phone companies are hurting. Credit card companies are…
Draft on posts
247WallSt.com brings you the daily recap of the printed word from major publications: REUTERS: Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy. November trade gap…
Goldman Sachs On Alternative Energy (SPWR, BLDP)
Goldman Sachs has an upgrade and a downgrade in the alternative energy sector today, although it notes positive headwinds in the sector continuing for 2008. On the auto-side for fuel cells, Goldman Sachs is…
Top 10 Pre-Market Analyst Calls (BSC, CAL, DELL, ESRX, HON, ILMN, NUAN, SPW, STM, AU, DROOY, GFI, GBN, HMY)
These are not the only big analysts calls this Friday morning, but these are the ones that 24/7WallSt.com is focusing on this morning: Bear Stearns (BSC) raised to Buy at Merrill Lynch. Continental (CAL)…
Amazon (AMZN) Trumps Apple (AAPL)
Amazon (AMZN) appears to have landed a deal to get Sony BMG as a customer for its music download service on top of deals with EMI, Universal, and Warner, according to Apple (AAPL) Insider.…
Bank of America (BAC) Buys Countrywide (CFC) For $4 Billion
Bank of America (BAC) has bought Countrywide Financial (CFC) for about $4 billion. The move makes BAC the largest mortgage lender in the US. Douglas A. McIntyre
Europe Markets 1/11/2008 (AXA)
Markets in Europe were modestly lower at 7.10 AM New York time The FTSE fell .7% to 6,177. British Airways rose 4.5% to 280. Diageo fell 4% to 1009. The DAXX dropped .4% to…
A Reprieve On Write-Downs (MER)(C)
Merrill may have to write off another $15 billion for Q4. If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending them money. In…
No Recession For Some Big Companies (VZ)(CBS)(NWS)
The No.2 man at Verizon (VZ) told an investing conference that the telecom company was not seeing any effect from the economic slowdown. Management from News Corp (NWS) made similar comments recently. The head…
The Airline Merger Myth (NWA)(UAUA)(DAL)
After airline stocks took a nearly unprecedented beating during the last few weeks on concerns about higher fuel costs and a falling economy, they rallied like mad yesterday. Some of its may be that…
Is Countrywide (CFC) Worth 50% More?
Yesterday, news hit the market, beginning with a report in The Wall Street Journal, that Bank of America (BAC) was thinking of buying troubled mortgage bank Countrywide Financial (CFC). At one point CFC was…
Nasdaq Short Interest: Sellers Flee Big Tech
Based on the Nasdaq short interest in major stocks listed on the exchange as of December 31, shares short in most big tech companies fell. The numbers are compared to those on December 14.…
Media Digest 1/11/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy. Reuters writes that the November trade gap was greatest it has been since July.…