Origin Agritech (SEED) Makes Forbes List, Stock Up 50%
Marking one of the Forbes "best of" lists is a nice honor. but should it cause a company’s shares to move 50% without any other apparent news? Origin Agritech (SEED) was listed on the…
All Work
Douglas A. McIntyre
Vonage’s Request For Verizon Rehearing Was Likely Expected (VG, VZ, S)
Vonage Holdings (NYSE:VG) announced today that the company has filed a motion for a review by the original three-judge panel or the full panel of the U.S. Court of Appeals for the Federal Circuit…
More Dangerous Toys Found (WMT)(TGT)(COST)(SHLD)
Reuters writes that The Center for Environmental Health has been surveying toys sold by a number of retailers and has found Curious George dolls, back-packs and lunch boxes with excessive amounts of lead. The…
Boeing Design Partners Getting Whacked (SPR, BEAV, HON, COL, LMIA, TIE, PCP)
Shares of Boeing (NYSE:BA) are getting hit hard after the jet-maker and aerospace giant finally came clean about the delay of the Dreamliners. The DJIA component is down 3% on the day and it…
China Sunergy (CSUN) Get Bad Grade
Cowen has just come out with a report on China Sunergy (CSUN) titled "This Run Looks Overdone" from analyst Robert Stone. He rates the stock "neutral" . He comments that CSUN has more than…
Boeing (BA) Screws Up
Boeing (BA) kept saying that its new 787 Dreamliner would be delivered on time in May 2008.. Analysts, the press, and industry experts kept saying "no way". 24/7 Wall St. ran several articles saying…
Global Search Traffic Booms (GOOG)(YHOO)(MSFT)(BIDU)
A new study by ComScore shows that internet traffic to search websites is continuing to grow. Surprisingly, Asia ranks ahead of Europe and North America in total searches in August, news which may be…
Get Spint (S) To Merger With Clearwire (CLWR)
Red Herring suggested that Sprint (S) hire telecom pioneer and Clearwire (CLWR) CEO Craig McCaw to replace exiting chief Gary Forsee. But, McCaw has a day job, so that probably won’t happen. Sprint has…
EMC Officers Sell $15 Million in Shares (EMC)
Insiders of EMC Corp. (NYSE:EMC) have sold more than 750,000 shares of the company stock for gross proceeds of more than $15 million before the cost basis was considered. These aren’t a signal of…
Big China Stock Movers (NINE)(CSUN)(CHNR), But Watch For 50% Correction
Stocks of companies based in China will not give it a rest. They dominate the list of largest price increases on US markets again today. Origin Agritech (SEED) is up 29% to $10. AgFeed…
Valero’s Earnings Warning Looks Acceptable So Far (VLO, CVX)
Valero Energy Corp. (NYSE:VLO) said that tighter refining margins are going to cause the company to miss earnings expectations. The new range of earnings expectations from the company is $1.30 to $1.40, well under…
Google (GOOG): Thanks For Nothing Analyst Call
Merrill Lynch was good enough to raise its price target on Google (GOOG) from $590 to $740. Google closed above $615 yesterday. This now makes for the highest of the recorded analyst price targets. …
Pre-Market Stock News (October 10, 2007)
(AA) ALCOA $0.63 EPS after $0.01 charge vs $0.65 est.(CML) Compellent Technologies priced 6 million share IPO at$13.50, above the $10 to $12 range.(COST) Costco Wholesale $0.91 EPS vs $0.83 est. before $0.08 charge…
Pre-Market Analyst Calls (October 10, 2007)
ADTN raised to Neutral at Merrill Lynch.ALNY cut to Mkt Perform at Piper Jaffray.AMAT cut to Equal Weight at Lehman.AME cut to Mkt Perform at FBR.AMED cut to Hold at Deutsche Bank.APD started as…
Ebay (EBAY) Launches A Social Network Site
Ebay (EBAY) is launching a social network site as a way to keep buyers and sellers coming back to its auction environment. According to the LA Times "The new Neighborhoods feature encourages users to…
Results In Court Look Good For Sallie Mae (SLM)
"Judges traditionally have been skeptical of buyers’ efforts to walk away from acquisitions by arguing that economic or regulatory conditions have changed so much that deals should be terminated, several lawyers who specialize in…
Nintendo: Video Games For Health Nuts
Nintendo’s stock hit another high. It is now the second largest company in Japan based on market cap. The cause for the current share price run-up is that the company has introduced a version…
More Private Equity Deals, Another Banking Fiasco
There are still a lot of private equity deals to be closed. They were announced before the current credit disaster. And, many of them are not going to get broken off the way that…
Wal-Mart (WMT) Fights Local Taxes
Wal-Mart (WMT) does what it can to fight local taxes in areas where it has stores. According to a study by Good Jobs First picked up by The New York Times "the big discount…
Honda (HMC) Hides From The UAW
Honda (HMC) recently built a plant in Indiana. But, it is only recruited workers from certain counties. Other locations that had laid-off UAW members did not make the geographic list of where the Japanese…