GM And UAW Get Close: Stock Could Spike
Late word from Detroit is that GM (GM) and the UAW have agreed to set up a union controlled fund that would handle healthcare payments to the car company’s union workers. The move would…
All Work
Douglas A. McIntyre
Founder Defends Starbucks (SBUX)
Howard Schultz, the founder of Starbucks (SBUX) defended his company’s growth plans in an interview with The New York Times. His two points for investors in the company are that Starbucks has less than…
This Week on Stockhouse September 17 to 21
The U.S. Federal Reserve shocked markets Tuesday by cutting the Fed funds rate – the overnight bank lending rate – by half a percentage point. As a result, equities and commodities jumped sharply. But…
The 52-Week Low Club
Advance Amer Cash (AEA) Payday loan company forced to close a number of locations. Down to $10.44 from 52-week high of $19.05. Expressjet Holdings (XJT) Bad days for airlines. Drops to $3.62 from 52-week…
KKR And Goldman Walk On Harman
Harman International (HAR) said that Goldman Sachs (GS) and KKR have walked away from an $8 billion private equity deal to buy the company. The buy-out interests say that Harman had undergone a "material…
GM And UAW Getting Close On Deal
GM (GM) and the UAW are getting close to a contract according to news from The Wall Street Journal and several other sources. WSJ.com comments that the parties have moved "toward a historic deal…
The VIX, Back Under 20..The Market Fear Is Gone
These are the unofficial market closes, and note how close the DJIA is to 14,000 again……. DJIA 13,820.84; +54.14 (+0.39%)S&P500 1,525.56; +6.81 (+0.45%)NASDAQ 2,671.22; +16.93 (+0.64%)10YR-Bond 4.632% (-0.04) The CBOE…
Cramer Calls Texas Instruments Higher (TXN)
Texas Instruments (NYSE:TXN) shares are up 3.1% today at $36.85 on the dividend hike and share buyback increase. Jim Cramer on today’s STOP TRADING segment on CNBC came out and said Texas Instruments has…
IPO FILING: EMPHASYS MEDICAL, INC. (EMPH)
EMPHASYS MEDICAL, INC. has filed to come public via an initial public offering and has listed it initial sale of securities as up to $86.25 million for filing purposes. The underwriting group includes Morgan…
Simplicity Cribs Made In China: One Million Recalled
Simplicity Inc is recalling one million child’s cribs according to an article in The Chicago Tribune. The newspaper had been doing an investigation of the products. Made in China, they were sold in department…
Google Adds Market Share In August
comScore’s new numbers indicate that Google (GOOG) added to its US market share in August. Its piece of searches done during the month rose to 56..5% from 55.2% in July. Yahoo!’s (YHOO) share fell…
HSBC Closes A US Sub-Prime Unit
HSBC (HBC), the largest bank in Europe, said HSBC Finance would close Decision One Mortgage. According to Reuters the company will be "cutting 750 jobs and taking an $880 million writedown, because the business…
Mixed Short Interest In Brokerage Stocks (GS, BSC, LEH, MS)
There was no clear direction in the change in NYSE short interest on the major bulge bracket brokerage firms. If you look at the earnings this week, Goldman Sachs seems to have been the…
The Business Day In Global Warming (EEE, AECOX, GE, VOLV, SOLF, FTEK, AW, PCG, PGN)
Evergreen Energy Inc (NYSE:EEE) has signed an “Agreement to Proceed” with specifications and design work that lead to the construction of a K-Fuel® lignite coal refinery in the Inner Mongolian Autonomous Region of the…
Major Banks: Big Drop In September Short Interest (BAC, C, JPM, WB, WFC)
It looks like short sellers decided to bail out of the money center banking stocks ahead of the FOMC decision on rates. This is consistent with the overall trends if you look at the…
Chasing Stocks of Forbes Richest Americans (MSFT, BRK-A, DELL, ORCL, GOOG, WMT, LVS, CHTR)
Forbes has released its list of the 400 wealthiest Americans. We really wanted to see the corporate impact of the wealthy. What is interesting is to compare how these companies tied to the super-wealthy…
Texas Instrument Buy-Back Moves Shares Up
Texas Intruments (TXN) announced this morning that it would add $5 billion to a share buy-back program and would raise its dividend 25%. Shares are up 2% to $36.50. The company currently has a…
Pre-Market Analyst Calls (September 21, 2007)
AUY cut to Sector Perform at CIBC.BGH cut to Hold at Deutsche Bank.BPL raised to Buy at Deutsche Bank.CC cut to Peer Perform at Bear Stearns.DSX raised to Outperform at Bear Stearns.FDO cut to…
What Would Recession Do To Already Weak Ad Market?
GM (GM) cut advertising 28% in the first half of the year. The FT writes that Nielsen Monitor reports "overall spending in the first half of the year fell by 0.5 per cent with…
Mattel Apologizes To China?
It is hard to imagine that Mattel (MAT), under pressure for recalls of toys from Chinese factories, would apologize to the Chinese government, but it has. According to Reuters, a senior company official said…