Chinese officials confirmed and several media outlets reported that China’s Citic Bank would like to buy a piece of Bear Stearns (BSC). Members of Congress will likely mount their soap boxes and rail against…
According to Reuters, China CITIC Bank is bidding to buy a stake in Bear Stearns (BSC) Reuters reports that the National Retail Federation’s survey of its members shows retail sales are expected to grow…
Most markets in Asia were down, ,but Shainghai rose The Nikkei was off 1.4% to 17,138. Hitachi (HIT) fell 3.4% to 770. NTT (NTT) fell 2.4% to 531000. Softbank rose 2.9% to 2706. Yahoo…
Motorola (NYSE:MOT) reports earnings this week and First Call has estimates at $0.04 EPS and $8.8 Billion. We wanted to run over a recent call here ahead of plan since this just got a…
Google (GOOG) came out with the software it would use to flag copyright infringing video on its huge YouTube video-sharing site. "The technology can identify video content owned by media companies and dictate its…
Genentech (NYSE:DNA) posted $0.73 EPS vs $0.72 estimates, but revenues were $2.95 Billion versus a $2.93 Billion estimate. It looks like 3 of the 4 major drugs came in under expectations, with Avastin being…
Toyota (TM) Hard to believe. Must be the UAW settlement. Drops $107.70 from 52-week high of $138. Nautilus (NLS) Fitness company cuts jobs. Down to $6.74 from 52-week high of $18.63. Standard Pacific (SPF)…
CNBC just had some back to back coverage regarding Sirius Satellite Radio (NASDAQ:SIRI) and possibly of XM Satellite Radio (NASDAQ:XMSR). We’ve been closely monitoring this merger and it just seems that at least the…
Oil crossed the $85.00 threshold today and then crossed the $86.00-mark. On last look, black gold was trading at $86.04 per barrel, up $2.35 from Friday. The reason is tied to Iraq, although not…
"AT&T Inc.(T), the biggest U.S. phone company, and No. 2 Verizon Communications Inc. (VZ) may follow General Motors Corp. (GM) in trying to shift retiree health-care liabilities to a union-run fund, a move that…
Genentech Inc. (NYSE:DNA) is set to report earnings after today’s close. First Call has consensus estimates at $0.72 EPS on $2.93 Billion in revenues. The biotech giant usually offers guidance and the next quarter…
Carl Icahn has done a lot for shared holders at close to a dozen companies over the last year or so. He continues to put pressure on Motorola (MOT) to increase its dividend or…
More details are out on this huge superfund we covered over the weekend to take advantage of over-sold (or now illiquid) asset-backed securities and loans. The name of the structure is a master conduit…
Stifel Nicolaus downgraded CNET (CNET), the big online tech website business. It dropped the shares 7% to $8.27. The stock had risen recently on rumors of a buy-out by its former CEO. CNET now…
Level 3 (LVLT) says that it is looking for a new CFO. "As the company focuses on ensuring we take full advantage of the opportunities presented by our marketplace, we believe we need a…
The subprime mortgage malaise is quite multi-faceted. The borrowers are at fault for overextending themselves. The lenders are at fault for making loans that are a stretch. Realtors exacerbate the problem by artificially boosting…
Telik, Inc. (NASDAQ:TELK) is seeing shares surging pre-market after it announced that the U.S. Food and Drug Administration has removed the partial hold on TELCYTA clinical trials after a complete review of TELCYTA data…
(APC) Anadarko filed for a spin-off of its Western Gas Partners LP.(BIIB) Biogen-Idec trading up 18% after announcing it was putting itself up for sale.(C) Citigroup $0.47 EPS vs. $0.44 est.; stock up 1%…
Anadarko Petroleum Corp. (NYSE:APC) has filed for an IPO of its Western Gas Partners, LP, for some $452.8 million. The company has a proposed sale of 18.75 million units with an additional 2.8125 million…
AGU raised to Outperform at CIBC.BEAS cut to Peer Perform at Bear Stearns; cut to Hold at Citigroup.BJ cut to Sell at B of A.BKUNA cut to Neutral at JPMorgan.CHA cut to Underperform at…