It is the kind of deal that investment bankers trying to save their jobs and desperate CEOs might dream up. Blockbuster (NYSE:BBI) has proposed to buy Circuit City (NYSE:CC) for $6 to…
According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash. Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) could…
According to Reuters, Yahoo! (YHOO) is seeking a merger with Time Warner’s (TWX) AOL which Microsoft (MSFT) and News Corp (NWS) at a joint bid for the No.2 search company. Reuters writes…
Circuit City Stores, Inc. (NYSE: CC) announced something this morning that many thought could not be done. The company is posting a profit. It posted a profit of $4.85 million shares, or…
According to Reuters, The Treasury said that regulators saved Bear Stearns (BSC) to help the markets. Reuters writes that Sony (SNE) will cut costs and boost order to fight the strong yen.…
Electronics, entertainment, and appliance retail giant Best Buy Co, Inc. (NYSE: BBY) has just posted earnings. This last quarter was a 10% rise to $1.71 EPS in a revenue gain to $13.418…
On Wednesday we’ll get to see earnings out of Best Buy Co. Inc. (NYSE: BBY). The estimates from First Call are $1.65 EPS on $13.18 billion in revenues. Next quarter estimates are…
Circuit City (NYSE: CC) will face more downward pressure on its shares when it is booted from the S&P 500 next week. A number of large institutional investors sell-off holdings in companies…
Douglas A. McIntyre New data from ChangeWave Research point to a huge drop in spending on consumer electronics. The most recent data was taken from a survey of 4,427 consumers between February 19th and 25th.…
Several brands which were extremely powerful during the last few decades are about to disappear. Many of them no longer drive big sales. Some are a part of companies that are in…
Most stocks trading under $10 probably traded much higher at one point or another. Trading below that price point is usually not a badge of honor. But, inexpensive stocks often make huge…
Circuit City Stores, Inc. (NYSE: CC) has an interesting filing this morning, and we are frankly surprised about it. If there is one technology retailer that has screwed up its operations and…
Douglas A. McIntyre Sears (SHLD) has begun to hire some heavy hitters to run its online operations. Since the company does not do a very good job of selling merchandise in its stores, perhaps it…
Short interest of stocks listed on the NYSE as of December 31 showed that retailers and financial companies had sharp increases when compared to the figures on December 14. Shares sold short…
It seems that all of a sudden corporations are deciding to do the right thing by getting rid CEO’s that have put the companies and shareholders in untenable positions. We called CEO…
