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…
Not all financial shares are created equal, at least no according to short bets made on NYSE companies for the period ending. April 30 compared to numbers on April 15. Short interest…
According to Reuters, AIG (AIG) lost $7.8 billion in the last quarter and will have to raise money. Reuters reports that Google says it will have revenue enhancing products for YouTube soon.…
These are ten of the analyst calls we are focusing on this Thursday morning in pre-market trading: Boston Beer Co. (NYSE: SAM) cut to Neutral at HSBC Securities. Clearwire (NASDAQ: CLWR) cut…
These are not all of the analyst calls, but these are ten of the top calls affecting shares this morning: Affiliated Computer Services (NYSE: ACS) Raised to Buy from Neutral at Goldman…
Consumers and businesses are faced with two difficult problems as a result of major banks taking huge write-offs. The first is that, even though the Fed is chopping rates, lower interest loans…
Wachovia (WB) may have taken deposits from drug cartels. The Wall Street Journal reports that the government probing the bank for "alleged laundering of drug proceeds by Mexican and Colombian money-transfer companies."…
Douglas A. McIntyre The mid-month reports on short interest in NYSE shares showed that many short sellers moved out of big financial stocks but made large bets against airlines and auto companies. With the prices…
For reasons that will escape even the most rigorous analysis, JP Morgan (NYSE: JPM) has elected to raise $6 billion through the sales of preferred shares. In the last quarter, the big…
After rafts of bad news from every corner of the business arena starting with GE (NYSE: GE) and spreading to Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB), a hard luck report…
A look at the Washington Mutual (NYSE: WM) and Wachovia (NYSE: WB) deals to raise more capital indicates that other banks and brokerages are looking at below-market deals if their Q1 numbers…
Wachovia Corporation (NYSE: WB) has priced its offerings for common stock and convertible preferred stock right before the open this Monday after a dismal earnings report. They plan to offer 145,833,334 shares…
Douglas A. McIntyre According to Reuters, the net loss for Wachovia (NYSE: WB) was $350 million. The loss available to common stockholders, including preferred stock dividends, was $393 million, or 20 cents per share, compared…
Douglas A. McIntyre 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…
According to Reuters, Blockbuster (NYSE:BBI) said it has offered to buy Circuit City (NYSE:CC) for $6 to $8 in cash. Reuters writes that a merger between Delta (NYSE:DAL) and Northwest (NYSE:NWA) could…
