GTx, Inc. (NASDAQ: GTXI) is seeing shares trade sharply higher on a collaboration pact with Merck (NYSE: MRK). The biotech and drug giant pact is for research and development and a strategic collaboration for…
Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est. Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est. Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%. Church & Dwight (CHD) $0.69…
Big city newspapers want what they lost to portals like Yahoo! (YHOO) and MSN. They want their advertising back. According to The Chicago Tribune "sources close to the situation said Gannett Co (GCI)., Tribune…
Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN Abercrombie & Fitch (ANF)…
"Directors are not like some kind of 1950s housewife who was always the last to learn about the misadventures of her husband," said J. Richard Findlay, head of The Centre for Corporate & Public…
Jonathan Schwartz, the CEO of Sun (JAVA) has a famous blog. One of the recent entries might come back to haunt him. He said that Sun would be "combining our Storage and Server product…
The good news is that the FCC sent detailed questionnaires to XM Satellite (XMSR) and Sirius (SIRI) about their businesses in contemplation of deciding the fate of the merger of the two companies. The…
Markets in Europe were slightly higher at 6.20 AM New York time. The FTSE rose .2% to 6,474. Barclays (BCS) fell 1.8% to 512. Rio Tinto (RTP) rose 2.1% to 4285. The DAXX was…
China raised prices on diesel last month. The hope was to cut back use of trucks and drive down demand. With the price of oil at $95, all those vehicles making deliveries were putting…
Stock options are supposed to be an incentive for doing well. They are priced the day of the grant. If the share price goes up, they have value and can be sold. If the…
Ford (F) will be putting over $13 billion into a fund which the UAW will use to pay health-care costs. That will take the liability for these expenses off Ford’s balance sheet and the…
According to Reuters, Google (GOOG) launched a new mobile phone initiative with a number of handset makers and cellular carriers. Reuters writes that an analysts covering the financial industry expects more write-dwons on mortgage…
China e-commerce company Alibaba moved up 165% after its IPO. Markets in Asia were mixed The Nikkei fell .1% to 16,250. Honda (HMC) fell 3.3% to 3190. Sony (SNE) fell 1.8% to 5560. The…
Analysts are beginning to talk about how large the write-downs may be at financial institutions when earnings are reported for the next quarter. "Everybody will have write-downs in the fourth quarter," Charles Peabody, partner…
Local.com (NASDAQ:LOCM) has posted its quarterly results. The "local-oriented" micro-cap Internet stock posted revenue of $5.6 million (mid-range of guidance); 38% growth yr/yr and 10% sequential growth; local search revenue grew to $5.0 million.…
Fremont General (FMT) Mortgage company debt rating cut. Falls to $1.81 from 52-week high of $17.30. Valeant Pharmaceuticals (VRX) Drops on downgrade. Drops to $10.35 from $18.82. Nordstrom (JWN) Retailers keep hurting. Drops to…
Earnings expectations for Sun (JAVA) were modest. Wall St. was looking for a 2.5% increase in revenue to $3.27 billion. Forecasts were that EPS would be $.03, up from a ($01) loss last year.…
Fitch Ratings has announced the process it will employ in updating its analysis of the structured finance collateralized debt obligations (SF-CDOs) insured by the financial guaranty industry, as well as the potential implications for…
Shares in Sun Micro (JAVA) are up as much as 2.5% ahead of earnings. The stock has been down over the last month while most big tech shares have risen. Expectations for Sun earnings…
BATS Trading, Inc. announced Monday it filed with the U.S. Securities and Exchange Commission to become a fully licensed securities exchange so that it would have the same regulations and the same status as…