Shares of Hoku Scientific Inc. (NASDAQ:HOKU) are surging pre-market. The provider of clean energy products and technologies including polysilicon for the solar industry has announced that Solarfun Power Holdings’ (NASDAQ:SOLF) Hong Kong unit signed…
Sears (SHLD) has offered $6.75 a share for small retailer Restoration Hardware (RSTO). Given the headaches that Sears has, it is amazing the the company would take the time and effort to own such…
Genlyte Group Inc. (NASDAQ:GLYT) is seeing its shares surge pre-market. Royal Philips Electronics (NYSE:PHG) is acquiring the manufacturer of residential and commercial lights and lighting fixtures in a deal valued at $2.7 Billion. The…
CNBC says that a senior official at Citigroup (C) has said that the bank is preparing for huge lay-offs. Douglas A. McIntyre
Affiliated Computer (ACS) announced a $1 Billion share repurchase program.Alcatel-Lucent (ALU) signed a 750 million Euro package of frame agreements with China Mobile and China Unicom, although some parts of this agreement were already…
Aetna (AET) raised to Overweight at JPMorgan.Bankrate (RATE) raised to Outperform at Bear Stearns.Celgene (CELG) raised to Buy at Banc of America.Deere (DE) raised to Buy at Banc of America.Fannie Mae (FNM) and Freddie…
HSBC (HBC) is taking $41 billion in SIV assets onto it balance sheet, a move that could pressure US banks like Citigroup (C) to follow. Bloomberg writes "investors in the SIVs will be able…
E*Trade (ETFC) should start looking for a big investor. With a market cap of just over $2 billion, it may have to give up a big chunk of the company, but common shareholders may…
Data from Japan show that Sony’s (SNE) PS3 sales are up since the company cut the price on its latest game console. The PS3 outsold the Nintendo Wii and Microsoft (MSFT) Xbox 360 for…
Markets in Europe were higher at 7.10 AM The FTSE rose .4% to 6,285. BP (BP) was up 1.1% to 584. Northern Rock was up 27.5% to 109.5. The DAXX rose .4% to 7,637.…
Google (GOOG) is still trying to break the hold that Baidu (BIDU), the Chinese search engine has on its local market. The US company is not having much success. The Chinese government does not…
Airbus is going to start to assemble some of its planes in China. And China gave Airbus a $14.8 billion order for 160 of its A320 and A330 planes. It is probably just a…
Depending on which analysis Wall St. reads, Thanksgiving weekend retail sales were great. Or, they were as expected. Or, they might have been poor. The entire matte points out the problem of getting a…
Now that Dubai International Capital has bought a piece of Sony (SNE), it must have a lot more capital to spread around. A shopping list: Yahoo! (YHOO) The stock is still down from $43…
Money is money. Or, so they say. Dubai International Capital says that it has bought a big piece of Sony (SNE) according to The Wall Street Journal Cash rich funds from Arab nations are…
According to Reuters, Richard Branson’s Virgin Group has been picked as the preferred bidder for troubled UK financial company Northern Rock. Reuters writes that Rio Tinto (RTP) rebuffed a bid from BHP Billiton (BHP)…
Most markets in Asia rose sharply. The Nikkei rose 1.7% to 15,135. Canon rose 2.6% to 5580. NEC (NIPNY) rose 5.7% to 499. Sony (SNE) rose 4.5% to 5600. The Hang Seng was up…
According to comScore, "online retail spending was strong on both Thanksgiving Day (up 29 percent to $272 million) and “Black Friday” (up 22 percent to $531 million), outpacing the season-to-date growth rate." If the…
The National Association of Broadcasters and all of its radio station members are against a merger of Sirius (SIRI) and XM Satellite (XMSR). They don’t want the satellite radio business to be any stronger…
The Times of London reports that metals company Rio Tinto (RTP) plans an all-out attack against suitor BHP Billiton (BHP). According to the paper "Tom Albanese, Rio’s chief executive, will highlight his firm’s record…