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…
Sony has been skewered for its lack of innovation for the last half decade. Its last big consumer electronics hit was the Walkman which went on sale in June 1979. Sony had…
Short sellers are will to bet, at least for now, that the worst of the banking earning crisis is over. Short interest in a number of large financial companies fell sharply for…
Sirius XM Satellite Radio (SIRI) Over the past week, 24/7 Wall St.–The Channel Checkers surveyed various stores to track sales trends for Sirius Radio equipment. We asked the following questions:
Douglas A. McIntyre SIRIUS XM Radio (NASDAQ: SIRI) has announced the receipt of an official notification from NASDAQ that it is outside of NASDAQ compliance rules. This is not over its low price, this one…
Douglas A. McIntyre There is still some conversation about the federal government restricting short-selling activity in certain stocks. The counterargument to these restrictions is that short selling plays an important role in the valuation of…
Reuters: California declared a financial emergency. Reuters: An SEC attorney raised concern about a Madoff report in 2004. Reuters: Auto parts supplier Lear filed for bankruptcy. Reuters: NYC apartment sales are down…
SIRIUS XM Radio Inc. (NASDAQ: SIRI) has extended its contract with CEO Mel Karmazin. Today, June 30, 2009, the company entered into an amendment to the amended employment agreement, dated November 18,…
Douglas A. McIntyre Many knew that the huge Russell rebalance stocks was creating huge selling in the names toward the end of last week. Yet on no news today we are seeing solid gains in…
Reuters: Bernanke denied putting pressure on Bank of America (BAC) over the deal to buy Merrill Lynch. Reuters: GM said a bankruptcy delay would destroy suppliers. Reuters: Nominees have started to emerge…
SIRIUS XM Radio Inc. (NASDAQ: SIRI) has raised more cash through its XM Satellite Radio Inc. unit than it originally projected. We were looking for a raise of some $350 million, but…
Douglas A. McIntyre SIRIUS XM Radio Inc. (NASDAQ: SIRI) has announced this morning that its XM Satellite Radio Inc. wholly owned indirect subsidiary is offering $350 million in principal amount of Senior Secured Notes. What…
Douglas A. McIntyre The Russell 3000 Index is being rebalanced and many cult stocks with low share prices that have a wide following and high trading volume are getting booted off the index. Beacon Power…
SIRIUS XM Radio (NASDAQ: SIRI) subscribers are only hours away from the launch that will allow the satellite radio monopoly subscribers to access content via the iPhone from Apple Inc. (NASDAQ: AAPL). …
After looking through the short interest changes for the end of May. We saw unusual gains in short selling increases in Dendreon Corporation (NASDAQ: DNDN), DryShips Inc. (NASDAQ: DRYS), E*TRADE Financial Corp.…