Biogen-Iden (NASDAQ:BIIB) is seeing its shares pummeled in after-hours trading. The company didn’t have another biotech drug crisis though. Biogen had been under a corporate strategic review where it was evaluating strategic alternatives, but…
SLM (SLM) Buy-out is dead and company revises numbers down for 2008. Down to $27.63 from 52-week high of $58. Office Depot (ODP) Soft guidance. Falls to $14.68 from 52-week high of $41.06. Continental…
We are set to get the highly awaited earnings report out of Lehman Brothers (NYSE: LEH) on Thursday morning, and this could be the largest catalyst for brokers and financial stocks since the FOMC. …
It is always a difficult task to note a CEO who should go, and it is even more difficult when you like the CEO and when you actually thought the diversification strategy was safer…
Since Sun Microsystems (NASDAQ:JAVA) and CMGI (NASDAQ:CMGI) have recently completed reverse stock splits, we wanted to see what short sellers had done in the stock. Short sellers often pile on more pressure with added…
Finish Line (NASDAQ:FINL) is a company in need of a new action team. Alan Cohen is co-founder, Chairman, and CEO. All companies reach a certain point where the founder needs to step aside to…
In an SEC filing ahead of an investor presentation, Bank of America’s (BAC) CEO says that the fourth quarter will be a bit of a train wreck. At Bank of America, we currently expect…
These are not the only analyst calls impacting individual share prices, but these are the ones that 247WallSt.com is focusing on: Charles River (NYSE: CRL) downgraded from Buy to Neutral at UBS. Charles Schwab…
From Silicon Vally Insider Yahoo and CNBC have signed a distribution deal in which Yahoo Finance will distribute a handful of CNBC clips each day. This is a smart step for both parties, but…
AMD (AMD) has finally admitted that the assets which it acquired with its disastrous acquisition of graphic chip company ATI are impaired. Odd that they were the last to know. According to MarketWatch "the…
United Online (UNTD) has cancelled the much anticipated IPO of its Classmates.com operations. According to the company, Classmates Media Corporation, intends to withdraw its S-1 registration statement as previously filed with the Securities and…
Short seller are certainly willing to bet against the future prospects of Sirius Satellite Radio (SIRI). Shares sold short in the company rose 14.4 million between November 15 and November 30. The entire short…
Market in Europe were down at 6.15 AM New York time The FTSE was off .9% to 6,477. Barclays (BCS) was off 3.9% to 535.5. BHP Billiton (BHP) was down 2.9% to 1624. The…
Please give us back those shares we sold yesterday after the Fed announced that it would only cut rates a quarter point. The Dow dropped 294 points. Some financial stocks like Citgroup (C) and…
The short interest in many Nasdaq-traded tech and communications stock rose sharply according to figures from November 30. They compare to number from November 15, 2007. Shares sold short in Level 3 (LVLT) rose…
According to Reuters, the Fed is considering more actions to improve liquidty issues in the economy and announcements could come as early as today. On proposal would include a new liquidity facility that will…
Markets in Asia were down. The Nikkei fell .7% to 15,032. Canon fell 2.4% to 5690. Docomo (DCM) fell 1.7% to 177000. Yahoo Japan rose 2.5% to 53200. The Hang Seng fell 2.4% to…
Jim Cramer came out on CNBC tonight and said the FOMC only giving a 1/4 point cut made him mad and sad, and he said the Fed doesn’t understand the magnitude of the financial…
We’ve had a lot of biotech stocks see their shares get the wrath of news over recent days. Now that the November-end NASDAQ Short Interest has been released, we wanted to see how the…
The NASDAQ has issued its short interest report for month-end reading for November, and out of the "New Four Horsemen of Tech" it appears that Google was the only one who saw a drop…