Sirius (SIRI): Some Upside
Sirius (SIRI) management has been desperate to convince shareholders that the merger of the two satellite radio companies would work. Wall St. has not bought into the pitch, but there are two or three…
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Newest first · Page 353Media Digest 9/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the credit crisis has sharply increased the chances of a deep recession. Reuters reports that the fall in the stock market is pushing investors into safe investments like Treasuries. Reuters reports…
Media Digest 9/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Congress is ready to vote on a $700 billion financial bailout package. Reuters reports that Belgian-Dutch group Fortis was nationalized Reuters reports that British mortgage lender Bradford & Bingley will have…
Media Digest 9/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many of its…
Media Digest 9/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Bush called an emergency meeting of Congressional leaders to push through bank bailout legislation. Reuters reports that Goldman Sachs (GS) and Morgan Stanley (MS) are preparing to take advantage of their…
Media Digest 9/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Warren Buffett invested $5 billion in Goldman Sachs (GS). Reuters says that the Paulson bailout plan is being attacked in Congress. Reuters reports that Japanese banks, in trouble a decade ago,…
Rosetta Stone Files For IPO (RST)
The self-study language tutorial company Rosetta Stone Inc. plans to go public via an initial public offering. The company has not listed any amount in shares or any indicated prices, but for filing purposes…
Does Focus Media Fully Reflect Allyes IPO Value? (FMCN)
There have been interesting developments in Focus Media Holding Limited (NASDAQ: FMCN) that might have otherwise garnered more media attention for growth investors had the financial markets not been in such turmoil. Interestingly enough,…
Iridium Comes Public Again Via Greenhill SPAC (GHQ, GHL, GSAT, SKYT)
GHL Acquisition Corp. (AMEX: GHQ), a SPAC and affiliate of Greenhill & Co. Inc. (NYSE: GHL), is going to be rolling up an interesting operation. It is acquiring the old global satellite phone company…
Media Digest 9/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this will be the worst…
Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Citigroup (C) is considering buying Washington Mutual (WM). Reuters reports that US markets rallied on word of a potential plan for the government to take over the toxic assets of banks.…
Media Digest 9/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Morgan Stanley (MS) is in merger talks with several firms. Reuters says HSBC (HBC) may be a possible buyer for Morgan Stanley. Reuters reports that Washington Mutual (WM) is being auctioned…
Media Digest 9/17/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays (BCS) bought…
Media Digest 9/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the markets will now turn their attention to AIG (AIG) which is struggling to survive. Reuters report that the Fed will probably hold interest rates steady and signal a cut for…
Take-Two (TTWO) Screws Shareholders, Shares Down Almost 30%
Take-Two Interactive (TTWO) could have taken an overly generous offer from Electronic Arts (ERTS). Instead, it held out for a higher price and hinted that it had other buyers. The ERTS bid was worth…