Citigroup (C) To Cut 32,000, Sell Smith Barney?
One Wall St.analyst thinks Citigroup (C) will have to make some extreme moves to keep the bank running. Speaking to The Times of London, Meredith Whitney of CIBC said that investors should look for…
All Work
Douglas A. McIntyre
Baird on Banks (BAC, BBT, CMA, FITB, KEY, MI, MTB, PNC, STI, USB, WB, WFC)
ROBERT W.BAIRD has initiated mostly cautious coverage on Banks and Financials this morning. Most are Neutral rated, although there are a few Outperform ratings in the coverage group. Here are the initiations. NEUTRAL ratings…
KB Home (KBH) Gets Worse
At KB Home (KBH) revenues totaled $2.07 billion for the quarter ended November 30, 2007, down from $3.01 billion in the corresponding quarter of 2006, primarily reflecting lower housing revenues. KBH reported a loss…
Top 10 Pre-Market Analyst Calls (BAX, BRK/A, BRK-A, EAT, GU, HTX, INFY, ISRG, SAT, SBUX, WIT)
These are not the only impact analyst calls this Tuesday, but these are the ones 247WallSt.com is focusing on in early pre-market trading: Baxter (BAX) raised to Buy from Hold at Citigroup. Berkshire Hathaway…
A $16 Billion Write-Down At Citigroup (C)
Bloomberg is reporting that a Merrill Lynch analysts says that Citigroup (C) may have to take a $16 billion fourth quarter write-down of subprime assets. Douglas A. McIntyre
Apple (AAPL) To Settle With EU?
According to a report by Reuters, Apple (AAPL) "will soon announce steps to resolve European Commission charges that its iTunes stores broke EU rules by setting prices country by country in Europe, people familiar…
China Sovereign Fund Defends Right To Invest Overseas
The Chinese government want none of this protectionist stuff. It has money burning a hole in its pocket and its wants to put that capital to work in places like the US. According to…
Europe Markets 1/8/2008
Markets in Europe were modestly higher at 6.35 AM New York time. The FTSE rose .5% to 6,370. Barclays (BCS) fell 2.2% to 461.25. BT (BT) rose 1.9% to 289. The DAXX was up…
Paramount Buries HD DVD
First Warner walked away from Toshiba’s HD DVD format in favor of Sony’s (SNE) Blu-ray technology. Now Paramount is doing the same thing. According to the FT "Paramount, which is owned by Viacom (VIA),…
Clear Channel (CCU): Another Big Broken LBO
It is not official, but the odds that the buyers of Clear Channel (CCU) will walk on the deal are probably north of 99%. The total value of the buy-out is $19.5 billion. According…
Comcast (CMCSA): More Nutty Ideas From Cable Guys
The telecom companies are all over cable with their new-fiber-to-the-home offerings. The new tech from AT&T (T) and Verizon (VZ) seems to be taking broadband and TV customers from firms like Comcast (CMCSA). The…
The Cisco (CSCO) Kid Will Stay The Course
John Chambers of Cisco (CSCO) says he will not change his plans for the company even if there is a significant recession. His view of the world goes out five years or more. Cisco…
The Rise Of The $2,500 Car
Tata Motors (TTM) of India is introducing its new $2,500 car. According to The New York Times "the company wants to provide four-wheel transportation for the first time to people accustomed to getting around…
Micrososft (MSFT) Moves Further Into Search
Microsoft (MSFT) will spend $1.2 billion to buy Norway’s Fast Search and Transfer. The company is in the search engine software business. While Fast Search is growing and profitable, the buy-out is a 42%…
CEO’s Axed Left & Right, Who’s Next? (BSC, SBUX, MMC, AMD, CC, BSX, FINL, CFC)
It seems that all of a sudden corporations are deciding to do the right thing by getting rid CEO’s that have put the companies and shareholders in untenable positions. We called CEO James Donald…
Media Digest 1/8/2008 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Howard Schultz, Starbucks (SBUX) founder, has taken over as CEO. Reuters writes that Cisco (CSCO) will keep its current strategy, even in a recession. Reuters writes that Samsung is predicing a…
Asia Markets 1/8/2008
Markets in Asia were mixed. The Nikkei rose .2% to 14,529. Honda (HMC) fell 1.7% to 3510. Cocomo (DCM) rose 3.4% to 182000. The Shanghai Composite fell .3% to 27,113. China Life (LFC) fell…
Cramer Chooses Among Dogs of Dow For Appreciation & Preservation (DOW, VZ, T, MO, BMY)
On tonight’s MAD MONEY on CNBC, Jim Cramer wanted to look for stocks with both appreciation potential that also offer capital preservation. He, just like us, believes we are starting to price in a…
Last Week, 24/7 Wall St. Suggested Starbucks (SBUX) Replace Its CEO, He’s Gone
On January 2, 24/7 Wall St. suggested that Starbuck’s needed to replace its CEO with founder Howard Schultz. And,today the company did. Douglas A. McIntyre
Isis: A Cholesterol/Lipid Diety (ISIS, GENZ)
Isis Pharmaceuticals, Inc. (NASDAQ: ISIS) and Genzyme Corp. (NASDAQ: GENZ) have entered into a major strategic alliance in which Genzyme will develop and commercialize mipomersen. Mipomersen is Isis’ potential blockbuster lipid-lowering treatment for high…