No rest for the weak in a market which even punishes mediocrity. Several widely traded companies made new lows. Firms with heavy debt and poor operating profit prospects were hit particularly hard.…
Sirius (NASDAQ: SIRI) hit a new 52-week low today at $2.45. While The Justice Department gave its plan to merge with XM Satellite (NASDAQ: XMSR) an OK, there has been no news…
Douglas A. McIntyre Most companies on Nasdaq did fairly well with the shorts in the period which ended on March 31 compared to March 14. The two tremendous exceptions were Level 3 (LVLT) where short…
These are not the only analyst calls impacting stocks, but these are the top analyst calls that 247WallSt.com is focusing on this Friday in pre-market trading: Allegheny Tech (NYSE: ATI) cut to…
Once The Justice Department cleared the merger of Sirius (NASDAQ: SIRI) with XM Satellite (NASDAQ: XMSR) and there was some anticipation that the deal would get done the shares of both companies…
Short interest for number of tech stocks listed on Nasdaq rose on March 14 compared to figures from February . Shares short in Microsoft (MSFT) spiked up 7.4 million to 123.1 million.…
It seems that Goldman Sachs is sticking by its negative call in Sirius Satellite Radio (NASDAQ: SIRI), except that the call went from cautious to very negative in tone. Goldman Sachs has…
Douglas A. McIntyre The Department of Justice has now cleared the deal for Sirius (NASDAQ: SIRI) to merge with XM Satellite Radio (NASDAQ: XMSR). The reaction was muted. Sirius stock rose to $3.15. It was…
According to Reuters, the Justice Department has approved the Sirius (SIRI) merger with XM Satellite (XMSR). Reuters writes that JP Morgan (JPM) raised its offer for Bear Stearns (BSC) and took a…
By now you have already seen the Department of Justice approval of the merger between Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR). Jim Cramer came on CNBC’s MAD…
Douglas A. McIntyre The Department of Justice has reportedly cleared the satellite radio merger where Sirius Satellite Radio (NASDAQ: SIRI) will be able to acquire XM Satellite Radio (XMSR) in its pending merger. This still…
Douglas A. McIntyre The FCC says it is getting closer to announcing its opinion of the Sirius (NASDAQ: SIRI) merger with XM Satellite (NASDAQ: XMSR). That may not be good news. The commission may turn…
Douglas A. McIntyre Mel Karmazin, CEO of Sirius Satellite Radio Inc. (NASDAQ: SIRI), has commented at the Bear Stearns Media Conference that he continues to be "very optimistic" over receiving proper regulatory approval for its…
Douglas A. McIntyre Several brands which were extremely powerful during the last few decades are about to disappear. Many of them no longer drive big sales. Some are a part of companies that are in…
24/7 Wall St. spoke to Rep Gene Green of Texas. He is Congress’s most vocal opponent of the Sirius (NASDAQ: SIRI) merger with XM Satellite (NASDAQ: XMSR). He has been vilified by…