Transocean (NYSE: RIG) down 5.8% to $43.26 on news of a share sale to fund Aker Drilling ASA takeover. Seagate (NYSE: STX) up 5% to $16.69 as the company announced an improved earnings outlook…
NASDAQ reports that shares of Seagate (NYSE: STX) are up over 9% to $17.49 after it posted a strong outlook. Yahoo! (NASDAQ: YHOO) shares are higher by 1.8% to $15.63 on more rumors that the…
The UK Office for Budget Responsibility said, “In our updated forecasts we expect the weaker economic outlook to increase public sector borrowing and debt. In response the Government has cut its medium-term spending plans…
Netflix (NFLX : NASDAQ): No surprises on the capital raise, other than the amount; maintain SELL, target lowered to $57
Moody’s may cut the rating of several European banks, according to Bloomberg. The news service reports that Banks in 15 European nations, including the largest lenders in France, Italy and Spain, may have their…
AMR (NYSE: AMR), the parent of American Airlines, has filed Chapter 11. The move has been expected for some time, as the company has struggled with labor costs, jet fuel, and a large debt load. The…
Is Facebook worth more than Silicon Valley icon Cisco Systems (NASDAQ: CSCO)? The market seems to think so. Facebook may launch an IPO in the spring that would raise $10 billion and value the…
There is still a school of thought that only Germany and its strong balance sheet can preserve the eurozone. The European Central Bank will not step in to buy the bonds of financially weak EU…
The cost for Italy to borrow money rose again, and to an unsustainable level. The nation’s 10-year paper yield increased to 7.56%. The southern European nation cannot cover its deficits for long when it…
The FT reports that the UK structural surplus, which was expected to be 6 billion pounds in 2014-2015, will be a deficit of 30 billion pounds. That means the government will have to review and implement…
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose 4X on…
Among the most preposterous rumors about Yahoo!’s (NASDAQ: YHOO) potential sale is that private equity firm Silver Lake Partners and Microsoft (NASDAQ: MSFT) will take a 20% stake in the portal. What would they…
Virtually every estimate of Black Friday and Cyber Monday sales growth puts the improvement in the double digits. That is even true with the traditionally slow-growing bricks-and-mortar sector. But economists are worried that the…
According to CNBC, “Italy Sells 10-Year Bonds at 7.56% Yield; Sets New Euro Lifetime High.” It is another indication that capital markets investors believe that the debt levels of Italy and Spain cannot be…
Bank of America (NYSE: BAC), Morgan Stanly, and other huge banks have begun settlement talks with MBIA over billions the bond insurer lost on paper during the 2008 crash
RIM (NASDAQ: RIMM) has decided that if it cannot beat them, it will join them The troubled smarphone company may offer some of the security features that come on its Blackberry in apps that…
There are a number of rumors about which company or companies may buy part of all of Yahoo! (NASDAQ: YHOO). There is even speculation that Microsoft (NASDAQ: MSFT) could partner with Silver Lake to…
In a move that might allow for the bailout of Spain or Italy, eurozone finance ministers are close to a deal that would allow the ESFS to take on leverage. Reuters quotes one official…
Private equity firm Silver Lake and Microsoft (NASDAQ: MSFT) may make an offer for a minority stake in Yahoo! (NASDAQ: YHOO)
Fitch held the US rating at AAA, but revised its outlook lower. It is another of the dozens of downgrades that have hit sovereign debt around the world since the beginning of the year.…