According to Reuters, Australian conglomerate Wesfarmers bought retailer Coles for $18.8 billion, the largest buy-out in Australian history. Reuters writes that Virgin Media (VMED) is seeking a buyer, and Carlyle Group is considering a…
Markets in Asia were mixed and Hong Kong was closed for a holiday. The Nikkei was up a fraction to 18,146. Sony (SNE) was down .3% to 6310. Toyota (TM) was flat at 7600.…
Late in the last full week of trading before the start of summer vacation, the Federal Reserve elected to leave interest rates unchanged, although the Central Bank continued to point to inflation as the…
Nelson Peltz has put a lot of pressure on Kraft (KFT). He bought 3% of the company and fundamentally said that Kraft was not well enough run and had too many under-performing assets. Kraft’s…
Disney’s (DIS) Pixar division did fairly well with its new film "Ratatouille" which was No.1 at the North American box office this weekend, bringing in $47.2 million. But, according to CNNMoney, this was the…
Several recent ethanol IPOs have had a tough time as concerns mount that a lack of corn supply could drive their cost of revenue up. The four companies the represent most of the money…
Now that the Apple (AAPL) iPhone has been out 24 hours and the reviews have been fairly good, the question is whether it will sell the ten million units in 2008. It may well…
Canadian phone giant BCE (BCE) is being taken private by an investor group led by Teachers Private Capital, the private investment arm of the Ontario Teachers Pension Plan, Providence Equity Partners Inc. and Madison…
Blackstone (BX) Investors still worry about slowing private equity and tax issues. Shares fall to $28.75 from post-IPO high of $38. American Home Mtg (AHM) Forecasts second quarter loss on delinquent mortagages. Also downgrade…
Sanofi-Aventis (SNY) is withdrawing its application to sell its drug rimonabant in the US as a treatment for obesity. The drug has been found to have psychiatric sides effects. This may include suicidal thinking.…
Dell (DELL) hit $28.86, a 52-week high, which also puts the stock up 20% during the last year, a better performance than the S&P. Some of the increase comes indirectly from upgrades of companies…
CryoCor (CRYO) had revenue of $540,000 last year, and a loss of over $15 million. It did not do much better in 2004 or 2005. But, as of this morning, the company sports a…
Industry experts expected that AMD’s (AMD) last best hope for getting back into competition with Intel (INTC) for server market share would have a clock speed of 2.7 gigahertz to 2.8 gigahertz The first…
Bloomberg has put out some interesting statistics. The current market P/E for China is 45. The S&P stands at 18. More amazing still, since April, investors are opening 300,000 new trading accounts per day.…
The RAZR 2. Motorola’s (MOT) next big thing. Better screen than the old RAZR. Better call quality. The works. Can its sell 50 million units worldwide each quarter? No one knows yet. The new…
NBC chief Jeff Zuckerman was quoted in the FT as saying that his company did not bid for Dow Jones (DJ) because "When you have shareholders who you have to create value for, you…
Markets in Europe were down at 7 AM New York time. The FTSE was off .6% to 6,532. Barclays (BCS) was down 1.3% to 687.5. The DAXX was down .2% to 7,910. BASF (BF)…
With oil hanging around $70, and gas likely to move above $3 for all of the summer, it bears looking at who gets hurt: Airlines: It looked like they might get something of a…
Research In Motion’s (RIMM) stock is up over 150% during the last year. That is much better than Apple’s (AAPL) 110%. In RIMM’s last quarter, revenue was up 76% to $1.1 billion. Net rose…
Qualcomm (QCOM) has rejected a proposal for paying rival Broadcom (BRCM) about $1.5 billion to settle their patent dispute. The fight is keeping a number of new handsets, with Qualcomm chipsets, out of the…