Ethiopia Sinks Starbucks (SBUX)?
It does not make any sense. Ethiopian official reached an agreement with Starbucks (SBUX) to promote the regions coffee in its stores, and support the country’s brands Sidamo, Harar and Yirgacheffe. But, the deal…
All Work
Douglas A. McIntyre
A Mistaken Upgrade Of AMD (AMD)
According to AP: Stifel Nicolaus analyst Cody Acree upgraded the stock to a short-term "Buy" from "Neutral," and set a $17 price target on it. The reasons to justify the change of heart are…
Google US Search Market Share: 65% or 56%?
Stock Tickers: GOOG, YHOO, TWX, MSFT, IACI On Tuesday when we noted the HitWise search market share figures, we noted how many search measuring metrics differ from source to source. Some news out of…
Pre-Market Stock News (June 21, 2007)
(ABT) Abbott Labs said its RealTime Hepatitis B viral load test received CE marketing approval in EU.(ADLS) Advanced Life Sciences said that cithromyacin achieved primary endpoint in Phase III pneumonia clinical trial.(AES) AES Corp…
Pre-Market Analyst Calls (June 21, 2007)
AT cut to Equal Weight at Lehman.AVCT started as Underweight at J.P.Morgan.BWLD cut to Neutral at Merriman Curhan Ford.CAKE cut to Peer Perform at Bear Stearns.CHA cut to Neutral at Credits Suisse.CHU cut to…
Another Non-Recovery Recovery For Newspapers (NYT)(MNI)
The big wigs of the newspaper industry gathered for their annual meeting and tried to rally the troops with tales of rising internet revenue and increased newsstand prices. It was like the Confederates boasting…
Europe Markets 6/21/2007
Markets in Europe were down at 5.35 AM New York time. The FTSE fell .6% to 6,612. Barclays (BCS) was off 1.9% to 730.5. The DAXX fell .9% to 8,019. DaimlerChrysler (DCX) was down…
Sony’s (SNE) New Frontier
Sony’s (SNE) management told investors at the company’s annual meeting that much of the company’s restructuring is behind it and that it is time for the firm to get back on the road to…
Media Digest 6/21/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, Home Depot (HD) weighed a cut in its credit rating against its decision to buy-back $22.5 billion in shares. Reuters writes that Yahoo! (YHOO) acquired sports site Rivals.com. Reuters reports that…
Asia Markets 6/21/2007
Markets in Asia rose. The Nikkei was up .2% to 18,240. NEC (NIPNY) was up 1.7% to 632. NTT (NTT) was up 2.4% to 564000. Sony (SNE) was down 1.5% to 6520. The Hang…
Coley Pharmaceutical (COLY): Another Biopharma Collapse
Coley Pharmaceuticals (COLY) is yet another small-cap biopharma one-trick pony that fell apart like a cheap clock. Pfizer (PFE) had been conducting trials of a lung cancer drug licensed from Coley, and a review…
Dow Jones (DJ) Board Lets Itself Off The Hook
The board at Dow Jones (DJ) has had a problem since the first moment that Rupert Murdoch decided to offer to buy the company. As fiduciaries they were bound to act for all shareholders.…
Cramer Calls Brookfield Asset Mgmt. the Next Berkshire Hathaway (BAM, BRK/A)
On tonight’s MAD MONEY on CNBC, Jim Cramer came out with perhaps the best endorsement a diversified company could get: he called Brookfield Asset Management (BAM-NYSE) the next Berkshire Hathaway (BRK-A) but on more…
Cramer Sticks With Tobacco & Sin Stocks (MO, RAI, VGR, UST, BUD)
Stock Tickers: MO, RAI, VGR, UST, BUD On tonight’s MAD MONEY on CNBC, Jim Cramer came out very positive on Vector Group Ltd. (VGR-NYSE). He noted that Carl Icahn is a big backer of…
Obama & Clinton Criticize Bush Stem Cell Veto (STEM, GERN, ASTM)
Stock Tickers: STEM, GERN, ASTM Senator Obama has issued a statement regarding President Bush’s veto of the Embryonic Stem Cell Bill: Senator Obama noted: "By vetoing funding for stem cell research once again, the…
Biotech Implosion: Coley Pharmaceutical Group (COLY)
Shares of microcap biotech Coley Pharmaceutical Group (COLY-NASDAQ) saw shares get pounded late on Wednesday afternoon. Right before 2:00 PM EST, the company announced that its partner Pfizer (PFE-NYSE) had discontinued and exited its…
MySpace Founder Makes An Offer for Dow Jones; Board Takes Over Negotiations
The entire process to buy Dow Jones (DJ) has been strange one. In fact, it has been more than strange and just got even stranger. The reports are that the board of directors is…
Massive List of 52-Week Lows (June 20, 2007)
Stock Tickers: AVR, BCRX, CACH, CHCI, COLY, CTIC, FSII, HOV, HR, INFS, LEG, MTH, PEIX, RSYS, SCSS, SEPR, SNY, STAA, USBE, UTSI, VSE, YSI Once again, many many more losers…..This list is larger than…
Did Congress’ Letter to FCC Hurt XM & SIRIUS Merger Chances? (XMSR, SIRI)
Yesterday was a bit of an odd piece of news on the XM Satellite Radio (XMSR-NASDAQ) and the SIRIUS Satellite Radio (SIRI-NASDAQ) merger. A group of more than 70 US Congressmen (72 members according…
JetBlue (JBLU) Gets No Lift
JetBlue (JBLU) in a filing with the SEC, said that its operating margins in Q2 would be 9% to 11%, which was higher than previously forecast. But, the stock managed to go nowhere, up…