"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the…
Douglas A. McIntyre According to Reuters, T Boone Pickens is seeking an "army" of business leaders and citizens to back alternative energy. Reuters reports that Starbucks (SBUX) posted if first loss as a public company…
Market in Asia were mixed The Nikkei fell .2% to 13,238. KDDI was down 2.7% to 632000. Mazda was up 4.6% to 550. The Hang Seng was up .7% to 21,424. China…
Douglas A. McIntyre According to Reuters, US car sales hit a 15 year low. Reuters writes that Paulson said the US is facing a tough Q2. Reuters reports that Starbucks (SBUX) will close 600 stores…
In a call overseas earlier this morning, Lehman Brothers decided to cut its target prices on some select European investment banks. Here are three of the investment bankers that are traded in…
Clear Channel (CCU) has a leveraged buy-out in place. Of course, like many of these deals cut last years, the banks tried to walk out a side door. often claiming that the…
Markets in Europe were off at 6.45 AM New York time. The FTSE was down .2% to 6,252. Barclays (BCS) was off 2.5% to 463.25. Unilever was up 3.9% to 1727. The…
According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share…
Markets in Europe were up modestly. The FTSE rose .3% to 6,069. Barclays (BCS) fell 4.1% to 458.75. RBS (RBS) fell 4% to 357.75. The DAXX was up .3% to 6,807. Deutsche…
Markets in Europe were up modestly at 6.25 AM New York time. The FTSE rose .6% to 6,013. Barclays (BCS) fell 1.1% to 473.5. Lloyds fell 2.6% to 431.25. The DAXX was…
It is one thing for Citigroup (NYSE: C) to sell $12 billion in leveraged corporate loans to private equity firms and even lend part of the money for the transactions. It is…
Deutsche Bank (NYSE: DB) is in the process of selling $20 billion of LBO loans. If the financial firm thought its earnings were OK and that its balance sheet would allow it…
Wachovia (NYSE: WB) will raise between $6 billion and $7 billion. Will the money come in at $28 where the bank trades now? That is already down by half from the 52-week…
Citigroup (NYSE: C) is expected to post write-downs of as much as $12 billion in first quarter and have a loss of over $3 billion. Merrill Lunch (NYSE: MER) could show write-offs…
Markets in Europe were up at 6.40 AM. The FTSE was up .7% to 5,744. Barclays (BCS) was up 4.6% to 474 BP (BP) was down 1.9% to 502.5. The DAXX rose…