According to Reuters, economists cut forecasts for US growth for the third month in a row. Reuters writes that IBM (IBM) and Second Life will work on ways to eventually let people…
Below are the major changes in short interest in NYSE listed companies comparing the figures on September 28 with those on September 14. Largest Short Positions Company …
Online retailer Amazon (AMZN) hit a 52-week high last week. So did Priceline (PCLN), Expedia (EXPE), and eBay (EBAY). Even Overstock (OSTK) made the list. On the 52-week low side of the…
No one would be surprised to see mortgage lender Countrywide (CFC) of the list of biggest losers for the third quarter The company’s shares were down 48% to $19. The fall of…
The September short interest for NYSE stocks is out, and a number of big names in mortgages, retail ,and housing say bets against them move up. The figures compare shares short on…
Private equity firms J. C. Flowers & Company and Friedman Fleischer & Lowe were going to buy Sallie Mae, the student loan organization, for $25 billion. When credit problems started to hit…
A recent survey showed that home improvement customers like Lowe’s (LOW) better than Home Depot (HD) when it comes to including product selection and customer service, according to the Dow Jones News…
Home Depot (HD) say that under the terms of its share buy-back, it brought in about 299 million at $37 a share. That totals 14.6% of the outstanding. Usually, this would be…
Douglas A. McIntyre Home Depot (HD) got much less for its wholesale outfit than it had hoped and it had to guarantee part of the buyers’ debts. The company still plans to buy-back 550 million…
Douglas A. McIntyre According to Reuters, Isuzu and GM (GM) will increase their cooperation in South America to improve their share in the truck market. Reuters writes that Knight Capital (NITE) may have to refund…
For Home Depot (HD), it is the worst of all worlds. After getting private equity interests to agree to buy the company’s wholesales unit, Home Depot Supply, for $10.3 billion, the deal…
Douglas A. McIntyre Home Depot (HD) seems desperate to get rid of its HD Supply unit which handles wholesaling of its products to builders. The deal was set for private equity interests Bain Capital, Carlyle…
Douglas A. McIntyre According to Reuters, several Asian banks disclosed that they had exposure to US sub-prime mortgages. Reuters writes that Monster (MNST) took five days to disclose the theft of personal data on 1.3…
Home Depot (HD) may sell its supply unit, for $1.2 billion less than was originally planned. The initial price was about $10.3 billion. The problem now is that the deal may still…
Douglas A. McIntyre The CEO of CountryWide Financial (CFC), Angelo Mozilo, could not just take the $2 billion his company got from Bank of America (BAC) and have a nice day. He had to mention…