Mel Karmazin, CEO of the new Sirius XM (SIRI) satellite radio company, gone public with his plan to fix the firm. Shares in Sirius have traded around $.90 over the last several days. They…
According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion. Reuters reports that AIG (AIG) is facing a liquidity…
The second richest man in the world has acquired a stake in The New York Times Co. (NYT), but there’s a good chance you’ve never heard of him. Carlos Slim, the Mexican telecom mogul…
According to Reuters, Washington Mutual (WM) fell 30% to a 17-year low. Reuters reports that billionaire Carlos Slim has bought 6% of The New York Times (NYT). Reuters writes that Northrop Grumman (NOC) may…
All sorts of bad things happen when a stock trades under $1. Some institutions can’t hold the shares. If the stock stays below the threshold too long, the Nasdaq can start delisting procedures. Sirius…
Shanda Interactive Entertainment Ltd. (NASDAQ: SNDA) is seeing an exponential volume surge at the open. The Chinese interactive gaming software company has now seen more than 3.4 million shares trade hands and shares are…
According to Reuters, Lehman (LEH) will release earnings a week early after its stock dropped 45%. Reuters reports that OPEC agreed to a surprise production cut. Reuters reports that CFOs are more optimistic about…
China Time Share Media Co. Ltd has filed to raise up to $75 million in an initial public offering. The Chinese advertising service provider has applied to take "CTSM" as its NASDAQ stock ticker. …
SIRIUS XM Radio (NASDAQ: SIRI) updated its earnings guidance now that the company has started its merger integration. There is news in here for the bulls and bears alike. The company is raising expectations…
Microsoft (MSFT) is about to launch its latest version of the Zune multimedia player. To date the company has sold two million units. In contrast, Apple (AAPL) has sold over 150 million iPods. Microsoft…
According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism. Reuters says the the Justice Department has hired a litigator to look into antitrust issues at Google…
Electronic Arts Inc (NASDAQ:ERTS) has confirmed the release of the Harry Potter video game, although this might not be good as you’d think for a "feed me now" attitude on Wall Street. The video…
According to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the mortgage market short-term. Reuters writes that Lehman (LEH) made a number of changes to…
It turns out that display advertising on the internet is becoming less popular with most marketers. They are turning to search text ads instead. This is probably not news to anyone in the industry,…
Microsoft (MSFT) has decided that it would rather be the video game market share leader than make a buck at the business. Redmond cut the price of its Xbox 360 to $199. That drops…