Nortel (NT) Nine-to-one this dog never hits bottom. Down to $9.05 from 52-week high of $30. Mylan (MYL) Market unhappy about quartery results. Sells off to $12 from 52-week high of $22.90.…
Dycom Industries (DY) Posts loss on lawsuit settlement. Falls to $11.88 from 52-week high of $34.13. Nortel (NT) Big loss and lay-offs. Down to $9.67 from 52-week high of $30.27. Journal Register…
Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) is becoming a regular in this club. Yet another low of $28.02 intraday from a high of $53.25. It actually closed at $28.62, so it closed above…
Four big newspaper companies, including Gannett (NYSE: GCI), The New York Times (NYSE: NYT), the Tribune Company, and Hearst, are setting up a sales operation to market 120 of their newspapers’ online…
According to Reuters, Citigroup says UBS (UBS) may face another $18 billion in write-downs this year. Reuters writes that Alan Greenspan says the US is on the edge of recession. Reuters writes…
These are the new combined holdings (alphabetically A-G) from Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) for the period ended December 31, 2007: American Express (NYSE: AXP) 151.6 million shares for a value…
The news about the demise of newspapers is now at least two years old. Each month newspaper chains put out their advertising numbers and each month they are worse. The only real…
Qwest (Q) Concerns on telecom growth after AT&T (T) discloses slowing business. Drops to $5.46 from 52-week high of $10.45. Yahoo! (YHOO) Online ad revenue could be slowing. Falls to $21.37 from…
A number of experts say that companies, especially financial services firms, will cut dividends in 2008. CNN Money writes that "dividend cuts or suspensions will continue to pick up among financial services…
The deal for a group, lead by investor Sam Zell, to buy The Tribune Company (TRB) may be in trouble. According to The Chicago Tribune "Tribune Co. executives were sweating out aggressive…
Douglas A. McIntyre Looking around the wreckage of some of the big cap companies it is not hard to find a few CEOs who probably need to go back to business school. Wall St. would…
Gannett (GCI) reported grim numbers for October, and debt-laden newspaper chain McClatchy (MNI) took it hard. Shares of the Sacramento-based newspaper chain hit a 52-week low of $15.07, down well over 60%…
Douglas A. McIntyre Gannett (GCI) reported that total pro forma operating revenues for the period ended November 4, 2007 declined 6.8 percent compared with the same period in 2006 Pro forma classified revenues were down…
Douglas A. McIntyre Gannett (GCI) is the largest newspaper chain in the US and its prized property, USA Today, is the largest paper by total circulation. It is a bad sign then that such a…
According to Reuters, the pace of capital spending in China rose quickly, making a rate increase likely. Reuters writes that an investigation into the finances of Fannie Mae (FNM) is likely after…
