Bear Stearns (BSC) held preliminary talks with Fortress Investments, a listed alternative asset management firm, regarding a possible combination in the weeks before Jimmy Cayne stepped down as chief executive, according to the FT.…
Shares in Swiss-based computer peripherals maker Logitech International rose over 12% in Europe on rumors that Microsoft (MSFT) might the company, according to Reuters. What would Bill Gates want with a bunch of mice?…
Now that most large global car companies have staked out positions in China, the rush in on to get market share in India. It is no wonder. The infrastructure of large roads is still…
Citigroup (C) is in the market for another $10 billion. Merrill Lynch (MER) is looking for $3 billion to $4 billion. The subprime mess has gotten the better of them and they are likely…
The consumer is bled dry. That is the message from an earnings warning at Capital One (COF). Mortgage lending was getting bad, but the latest news is that auto and credit card lending are…
Short interest of stocks listed on the NYSE as of December 31 showed that retailers and financial companies had sharp increases when compared to the figures on December 14. Shares sold short in Wachovia…
According to Reuters, Capital One has warned that it will have lower than expected earnings. Reuters reports that Goldman Sachs (GS) sees a recession this year. Reuters reports that Tata (TTM) has launched its…
Alcoa (AA) kicked off the earnings season and was rewarded with shares trading up over 3% after hours. Revenues for 2007 were $30.7 billion, compared to $30.4 billion in 2006. Annual income from continuing…
Qwest (Q) Concerns on telecom growth after AT&T (T) discloses slowing business. Drops to $5.46 from 52-week high of $10.45. Yahoo! (YHOO) Online ad revenue could be slowing. Falls to $21.37 from 52-week high…
Fox Business Network (NWS) posted embarrassing numbers when Nielsen reported the channel had only 6,300 viewers at any given time on weekdays. For a two month period beginning October 15, rival CNBC (GE) had…
There has been a good deal of debate over whether WSJ.com, now a paid subscription website, will become free to all visitors. The nearly $80 million in subscription revenue would have to be replaced…
Based on numbers from comScore, AOL Money, part of Time Warner (TWX) moved ahead of Yahoo! (YHOO) Finance in both unique visitors and total visits. AOL Money had 13.466 million unique visitors and 79.801…
Mr. Clegg, As a member of the AMD (AMD) board, you know how deeply disappointed the market is with the performance of the company’s CEO Hector Ruiz. AMD shares hit another 52-week low today…
Perhaps it was the figures out of Hitwise showing that Yahoo! (YHOO) is still losing search market share to Google (GOOG). Or, maybe fears that a recession will undercut internet ad grow. Yahoo! (YHOO)…
From Silicon Alley Insider e*Trade is finally starting to relate its desperate salvage efforts in more detail–and some of its actions sound positive. Unfortunately, the firm’s PR team still hasn’t stopped spinning, so battered…
MBIA (MBIA) will cut its divdend to $.13 from $.34 and go to the capital markets for cash. As part of its plan to raise capital to meet or exceed the rating agencies’ Triple-A…
These are not the only key analyst calls coming out of Wall Street analysts today, but these are the key calls that 247WallSt.com is focusing on in pre-market hours: AU Optronics (AUO) raised to…
Apple Inc. (NASDAQ: AAPL) hasn’t gotten off to a good 2008 as a stock. Shares closed at $198.08 to close out 2007 and shares very briefly traded north of $200.00 on the opening day…
Alcoa, Inc. (NYSE: AA) is set to report earnings today. First Call has estimates at $0.33 EPS on $6.92 Billion in revenues. Next quarter’s estimates are $0.60 EPS on $7.03 Billion in revenues. If…
According to the Countrywide (CFC) "Our fourth quarter ended with a number of positive operational trends," said David Sambol, President and Chief Operating Officer. "Total loan fundings were $24 billion for the month of…