MSNBC Buys Newsvine
The hard news television and online property MSNBC, a joint venture between Microsoft (MSFT) and the NBC Universal division of GE (GE) has just bought Newsvine, according to TechCrunch. Newsvine describes its business as…
All Work
Douglas A. McIntyre
$100 Oil? China Crude Imports Up 18%
China news agency Xinhua says that the country’s imports of crude oil rose 18% in the first eight months of the year to hit 108.2 million tons. "From January to August, China imported 110.4…
Will CEO Change At Sprint (S) Ruin Clearwire (CLWR)?
Clearwire (CLWR), the WiMax IPO run by telecom legend Craig McCaw, has been up and down over the last six months. It hit $33 in July, but now trades closer to $20. Clearwire faces…
Will Citigroup (C) Bail Out Northern Rock?
The Telegraph has a story indicating the Citigroup (C) may offer British mortgage company Northern Rock at $20 billion line of credit to remain independent and work itself out of its lending mess. After…
Medtronic (MDT): The Stent Business Gets Worse
Medtronic (MDT) has decided to get into the stent business, making the little mesh tubes that keep arteries open. It is a perverse selection because Boston Scientific (BSX) and Johnson & Johnson (JNJ) has…
Boeing (BA): Will The 787 Go Missing?
In the face of concerns that Boeing (BA) may not be able to launch its 787 Dreamliner on time, the company seems unconcerned. The first customer is to get the first plane in May.…
Movie Gallery (MOVI) Goes Chapter 11
According to The Wall Street Journal, Movie Gallery (MOVI), the video rental chain, will go Chapter 11. The company’s shares fell as low as $.20 after hours. They had closed at $.45, down from…
Whole Foods (WFMI): CEO Given Clean Bill Of Health By Board
Whole Foods Market (WFMI) announced that the special committee of the Board of Directors of Whole Foods Market, Inc., assisted by its independent counsel, has completed its investigation into online financial message board postings…
Sony (SNE) Cuts PS3 Price In Europe
Sony (SNE) has cut the price of its Playstation 3 in Europe, the Middle East and Africa. It is also releasing a 40-gigabytes console version, which is aimed at the inexpensive Nintendo Wii. The…
The 52-Week Low Club: Tellabs (TLAB) And More
Tellabs (TLAB) Q3 earnings warning. Drops to $8.95 from 52-week high of $13.67. Quepasa (QPSA) CEO gets new comp package? Drops to $2.75. Nutrition 21 (NXXI) Still moving down after announcement of poor quarter.…
This Week on Stockhouse October 1 to 5
This week we proudly launched the new Stockhouse beta (http://beta.stockhouse.com/). We’re very proud of the new site with its new rating and ranking tools, improvements for networking and expanded charting capabilities, among other elements.…
Google (GOOG) Had 40% Of US Online Ad Market In First Half
According to TechCruch, Google (GOOG) had a 40% share of the US online ad market in the first half of 2007. The IAB puts internet ad revenue in the first half at just below…
Xinhua Finance Media Sees The China Boost (XFML)
Chinese stocks this week have gone bonkers, in most cases to the point that goes beyond sensible. When stocks rise exponentially and with a major wave you always have to back over the reasoning…
Microsoft’s Gift: A Bungie Spin-Off (MSFT, ERTS, TTWO, ATVI, THQI)
Microsoft (NASDAQ:MSFT) is giving investors and the public a gift today. The company has announced that Bungie Studios, the creators of Halo 3 and the Halo franchise, is going on the path to becoming…
NYSE Month End Short For September Month’s End
Below are the major changes in short interest in NYSE listed companies comparing the figures on September 28 with those on September 14. Largest Short Positions Company …
International Bond ETF Launch (BWX)
The American Stock Exchange has launched trading in the SPDR Lehman International Treasury Bond ETF (AMEX:BWX) by State Street Global Advisors, the investment management arm of State Street Corporation (NYSE:STT). BWX seeks to replicate…
IPO Pricing: China Digital TV Double Premium (STV)
China Digital TV Holding Co. Ltd. (NYSE:STV) has a premium IPO pricing, after already having raised its price range for a 12 million ADR offering. The revised higher range was $13.00 to $15.00, and…
Secure Computing Defections Raise Eyebrows (SCUR)
Secure Computing Corp. (NASDAQ:SCUR) has ‘reaffirmed its guidance’ after yesterday’s close. The press release notes that it expects to meet or slightly exceed its billings, non-GAAP revenue and non-GAAP earnings-per-share guidance ranges, which were…
Cablevision (CVC): Big Shareholder May Block Buy-Out
Uber fund manager Mario Gabelli owns a big piece of Cablevision (CVC) which is being taken private by the founding Dolan family. The problem is that Gabelli thinks the $36.26 price being proposed is…
Pre-Market Analyst Calls (October 5, 2007)
ALXN started as Buy at B of A.BE raised to Hold at Jefferies.BOBJ cut to Neutral at Credit Suisse.BRKR raised to Outperform at Bear Stearns.CLWR cut to Peer Perform at Bear Stearns.CNQR started as…