We have two initial public offerings today. We have a poor pricing from Addus HomeCare Corporation (NASDAQ: ADUS) and a solid pricing from a Blackstone interest in the Vitamin Shoppe Inc. (NYSE:…
Reuters: The Nielsen survey shows consumer confidence up in the US for the first time since 2007. Reuters: Obama’s financial reforms are advancing in Congress. Reuters: The pay czar said his authority…
Wall St. likes financial statements that give it deep insights into a company’s operations, especially its liabilities. It likes boards that make sure shareholders get as complete a picture as possible of…
Updated throughout the day. Updated 10.53 AM EST Activision-Blizzard (NASDAQ:ATVI) “Guitar Hero 5″ is selling poorly. (Barron’s) Update 9.47 AM EST: BP’s (NYSE:BP) new chairman will make significant changes to the oil…
Updated throughout the day Updated 3.34 PM EST: Consensus figures for Microsoft (NASDAQ:MSFT) earnings may be significantly too high (Barron’s) Updated 1.14 PM EST: The whisper number for Apple’s (NASDAQ:AAPL) is $1.47 EPS…
Reuters: US corporations are concerned about the weakness of the dollar. Reuters: Bernanke says that global imbalances in trade and cash flows must be addressed. Reuters: Wal-Mart (NYSE:WMT) is attacking new markets…
It was just in August that practically every single initial public offering was trading above its IPO price. The market had rallied significantly, and still rallied after that to just this week…
Reuters: Google (NASDAQ:GOOG) and IBM (NYSE:IBM) posted strong results. Reuters: Bank of America’s (NYSE:BAC) Lewis will skip 2009 pay. Reuters: Japan Airlines says bankruptcy is an option to solving its problems. Reuters: …
Reuters: Aggressive trading in gold in China may be pushing the price of the metal up. Reuters: Blackstone’s (NYSE:BX) CEO says the worst of the crisis is over. Reuters: The House has…
KKR wanted to follow Blackstone (BX) into the public markets, but the recession and credit crisis ruined that dream. Blackstone’s shares were so badly beaten down that the KKR partners may be…
Douglas A. McIntyre These are the top analyst upgrades, downgrades, and initiations seen from Wall Street early this Thursday morning: AMAG Pharmaceuticals (NASDAQ: AMAG) Cut to Hold at Citigroup. Apple Inc. (NASDAQ: AAPL) Raised to…
Reuters: The Chinese are learning the problem of easy access to credit cards. Reuters: The US recovery is still slow while France and Germany are rebounding. Reuters: UBS (UBS) clients in America…
The thoughts of restricting the pay packages of the CEOs of public companies may be in the air, but new data on chief executive compensation show that boards of directors are not…
The Blackstone Group L.P. (NYSE: BX) had a fairly busy day. It seems that reports of the death of private equity may have been exaggerated. The company had two key announcements today:…
Douglas A. McIntyre Reuters: A college education no longer means easy employment in China. Reuters: Fannie Mae (FNM) lost $14.8 billion. Reuters: The auto “clunkers” legislation passed the Senate. Reuters: Obama is in no rush…