Companies That Management Can’t Fix: Warner Music
Now that results for the first half of the year are out, 24/7 Wall St. is revisiting its features on companies that management cannot fix. These firms have lost the ability to be turned…
All Work
Douglas A. McIntyre
IPO FILING: ArcSight, Inc., A Data Security Play (ARST)
ArcSight, Inc. has filed to come public via an IPO and has proposed the sale of up to $74.75 million for filing purposes. The company will take the proposed ticker "ARST" on NASDAQ. The…
TradeKing Looks At Its Place In Brokerage Industry
TradeKing CEO, Don Montanaro, has been around. He started at Quick & Reilly which was famous as a pioneer in customer service at discount brokerage firms. And, the lessons he picked up there have…
VMware, Already An Acquirer (VMW, EMC)
VMware (NYSE:VMW) is not wasting any time and not resting on its laurels. The virtualization leader has been public not even one month yet. The company today announced at its VMWORLD CONFERENCE 2007 that…
Amgen: Today’s Review Critical For Anemia Reimbursements (AMGN)
Amgen (NASDAQ:AMGN) has a huge day ahead of it. The biotech giant is presenting data today on the appropriateuse of Erythropoiesis Stimulating Agents in Chronic RenalFailure patients to a joint meeting of U.S. Food…
Imclone’s ERBITUX Extends Life in Lung Cancer Patients (IMCL, BMY, DNA)
Shares of Imclone Systems Inc. (NASDAQ:IMCL) are screaming higher this morning on it meeting its primary endpoint of increasing survival in its Phase III lung cancer studies. Imclone and partner Bristol-Myers Squibb (NYSE:BMY) showed…
McDonald’s Kicks A– Again
Every man, woman, and child in most developed countries must be eating at McDonald’s (MCD). August same-store sales rose 8.1% in August. The company showed impressive strength in the US, Asia/Pacific, the Middle East,…
Pre-Market Stock News (September 11, 2007)
NYSE will hold a moment of silence for the September 11 anniversary from 9:29 AM to 9:30 AM EST. (AINV) Apollo Investment will sell 13 million shares of common stock in a secondary offering.(ABBI)…
Pre-Market Analyst Calls (September 11, 2007)
ALNY raised to Buy at Cantor Fitzgerald.CCL started as Hold at Citigroup.CHTR started as Underweight at Lehman.CMVT raised to Buy at Merriman Curhan Ford.CVG started as Outperform at Wachovia.DM started as Outperform at Piper…
New AMD Product Does Not Support VMWare (VMW)
According to The Inquirer, there may be a little hang-up in terms of AMD’s (AMD) sales of its new Barcelona chip. VMware (VMW) does not support Nested Paging, one of the key pieces of…
Europe Markets 9/11/2007
Markets in Europe were higher. The FTSE rose 1.6% to 6,230. Barclays (BCS) was up 3% to 597.5. Rio Tinto (RTP) was up 2.1% to 3620. The DAXX rose 1.3% to 7,473. SAP (SAP)…
Bank Of American Slams Newspaper Industry
Bank of America initiated coverage on several newspaper companies and the news for them was not good. Gannett (GCI), McClathchy (MNI), The New York Times (NYT), and EW Scripps (SSP) were all started at…
A Second Bail-Out For Countrywide
Countrywide (CFC) Financial has hired Goldman Sachs and law firm Wachtell Lipton Rosen & Katz to arrange another multi-billion investment in the company, just weeks after Bank of America (BAC) made a $2 billion…
A Black Eye For Biofuels
All those "green" people out there may want to take into consideration the fact that biofuels are unlikely to have a significant affect on the need for oil, and government subsidies for biofuel projects…
As Crude Moves Above $78, Recession Shadow Grows
Oil traded above $78 today. Explosions on Mexican pipelines and a tight-fisted OPEC has driven prices higher. An unstable government in Nigeria and an equally unstable president in Venezuela have not helped. And consumption…
GM: Just Take The Job Cuts
GM (GM) and its Detroit peers have been pushing the UAW to consider establishing a fund to handle the health care costs of its members. The car companies would contribute as much as $60…
Media Digest 9/11/2007
According to Reuters, oil prices jumped to $78 on news the pipelines in Mexico had been blown up. Reuters writes that AIG (AIG) is targeting 10% of the wealth management business in Taiwan. Reuters…
Asia Markets 9/11/2007
Markets in Asia were mixed. The Nikkei was up .7% to 15,878. NEC (NIPNY) was down 1.1% to 537. Olympus was up 2.8% to 4790. Yamaha was up 3.2% to 2465. The Hang Seng…
Apple iPhone Knock-Offs Become Big Business
The Chinese seems to be quite good at copying Western products, and, as it turns out, the Apple (AAPL) iPhone is no exception. Bloomberg found that some of the counterfeit handsets had been made…
Cramer’s Recession Draft Picks 2 (XOM, SLB, HPQ, DE, UTX, FWLT)
On tonight’s MAD MONEY, Jim Cramer went over Defensive Stocks that will be immune to FED rate cut dependence. Cramer already gave his fantasy football draft list for the defensive linemen, but here are…