According to Reuters, US Steel (X) will buy Canadian steel company Stelco for $1.1 billion. Reuters writes that Singapore’s state-owned Temasek Holdings has approached Nasdaq (NDAQ) about buying its stake in the London Stock…
Privately held Hearst Corp is bidding for the portion of Heart-Argyle (HTV) that it does not already own. Hearst owns just over 50% of HTV and has offered $23.50. According to The Wall Street…
From Silicon Alley Insider Sanford Bernstein cable and satellite analyst Craig Moffett foresees bad news for TV giants like Comcast (CMCSA), Cablevision (CVC), Time Warner Cable (TWC), and DirecTV (DTV): the depressed U.S. housing…
Sonic Solutions (NASDAQ:SNIC) didn’t just hit a new closing low over the last 52 weeks today. It closed at a low not seen since 2003. Shares have actually been weak most of this year,…
On today’s STOP TRADING segment on CNBC, Jim Cramer was in ‘a good Friday mood’ with several stock picks: Lehman (NYSE:LEH) call buying is so large that it’s off the charts, according to Cramer…
Tribune’s (NYSE:TRB) consolidated revenues for the July (7th) period were $467 million, Down 5.9% from last year’s $496 million. As youread through the numbers you’ll see that there is really only one bright spot,…
According to Reuters, several Asian banks disclosed that they had exposure to US sub-prime mortgages. Reuters writes that Monster (MNST) took five days to disclose the theft of personal data on 1.3 million job…
On tonight’s MAD MONEY on CNBC, Cramer noted there are two ways to profit from a recovering market like we are seeing today. After a 5-day rally, today was just profit taking. He has…
On today’s STOP TRADING segment on CNBC, Jim Cramer noted how recent news out of the mortgage environment is a help but not necessarily an all-clear sign. He still thinks rate cuts would help,…
The MTV unit of Viacom (VIA), which makes up most of the revenue in its Media Networks operation, is in trouble. And, it has been coming on for some time. For the first six…
GameStop (NYSE:GME) is trading up 7% pre-market on what will be new yearly highs and all-time highs after posting earnings. A quick summary is $0.13 EPS on revenues of $1.3382B versus $0.09/R$1.2B estimates (prior…
According to Reuters, a group of California gas stations filed suit against Chevron (CVX), Saudi Aramco, and Royal Dutch Shell for price fixing. Reuters writes that Canon (CAJ) is spending another $862 million on…
According to Reuters, GM (GM) sees revenue in Latin America, Africa, and the Middle East growing by several billion a year for the next several years. Reuters writes that Toyota (TM) believes that it…
Earlier this morning, Wal-Mart (NYSE:WMT) announced the launch of its own "DRM-free" MP3 music downloads. Those wanting the service can download from Walmart.com at $0.94/song and $9.22/album. The new MP3 digital format allows the…
Shares of Tribune Corp. (NYSE:TRB) are trading up higher by about 3% today after shareholders approved the transaction with Same Zell. That was not really a question. If you were in a troubled industry…