Melco Crown Raising Cash (MPEL, WYNN, LVS)
Melco Crown Entertainment Limited (NASDAQ: MPEL) has just filed with the SEC to raise up to $400 million in cash. This is via a sale of ADS’s and underwriters were not named. These terms…
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Newest first · Page 334Is Take-Two (TTWO) A Takeover Target Again
Barron’s reports that there are rumors that Take-Two (TTWO) may receive a takeover offer soon. It turned down an offer from Electronic Arts (ERTS) last year. The shares are up 12% to $9.43. The stock…
Did Someone Leak Gannett’s (GCI) Earnings?
For reasons that seem inexplicable, Gannett (GCI) shares rocketed up in midday trading to $4.62, a 23% increase. The company has not released any news. Ariel Capital recently increased its stake in the company…
Microsoft’s (MSFT) Key Bargaining Chip—Yahoo!’s (YHOO) Earnings
There have been a number of news reports recently saying that Microsoft (MSFT) and Yahoo! are back in the process of negotiating a combination of their search businesses to take on the industry leader,…
Media Digest 4/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, GM (GM) has been told by Treasury to begin work on a bankruptcy. Reuters reports that China’s growth has started to move inland from the coast. Reuters reports that Credit Suisse…
Media Digest 4/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, banks have been asked to keep the results of the “stress tests” of their financial conditions confidential. Reuters reports that the Fed says its current plan is to prevent inflation. Reuters…
Nintendo Strikes Back
Nintendo executives are almost certainly upset that the Sony (SNE) PlayStation outsold the company’s Wii gaming system in Japan last month. The Wii has held a large margin in unit sales for several quarters.…
Media Digest 4/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the government’s auto task force will meet with GM (GM) to push ahead its restructuring. Reuters writes that US banks may still need aid. Reuters writes that Morgan Stanley’s (MS) Q1…
Google’s (GOOG) Advice Won’t Save The New York Times Company (NYT)
Google’s (GOOG) CEO Eric Schmidt told the Newspaper Association of America that all was not lost for its industry. Newspapers have a chances to create new forms of revenue, if only that will take…
Media Digest 4/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama must get Americans to spend now and save later to help the economy, and consumers are wary of spending. Reuters reports that the SEC will consider restricting short sellers. Reuters…
Media Digest 4/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, some members of Congress were unhappy with Defense budget cuts. Reuters reports that Americans are more optimistic about the economy since Obama came into office, according to a New York Times/CBS…
Media Digest 4/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, HSBC (HBC) has a successful rights offering to raise $18.9 billion. Reuters reports that a deal for IBM (IBM) to by Sun (JAVA) is near collapse. Reuters writes that Geithner denies…
The New York Times Threatens To Fold The Boston Globe
The New York Times Company (NYT) has threatened to close The Boston Globe, one of the papers on the 24/7 Wall St “Ten Major Newspapers The Will Fold Or Go Digital” list. According to…
The 24/7 Wall Street-Channel Checkers Look At GameStop (GME)
As part of The 24/7 Wall St–The Channel Checkers survey series, 0ver the past week, The Channel Checkers surveyed 24 GameStop (GME) and EB Games (same parent company) stores across the United States to track…
Media Digest 4/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Congress passed the Obama budget Reuters reports that cautious optimism greeted plans from the G-20 summit. Reuters reports that banks are considering buying toxic assets sold by other banks. Reuters reports…