4:49am ET
Consumer Electronics
Sony: Can TV Save The PS3?
Sony (SNE) is launching a service in Europe that will allow users of its beleaguered PS3 to download TV shows and move them to the portable SNE PSP portable device. TV-to-go. As…
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Markets closed
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4:39am ET
Investing
Facebooks’s Privacy Invasion
One of the board members at social network Facebook likes to walk around town saying that the company is worth $10 billion. Industry experts believe that the company will make $30 million…
4:28am ET
Investing
Home Depot Supply Deal Falling Apart
The FT writes that Merrill Lynch, Lehman Brothers and JPMorgan are not happy about funding a deal to buy Home Depots (HD) wholesale supply business to private equity interests. Even though the…
Douglas A. McIntyre 3:08am ET
Media
Media Digest 8/23/2007 Reuters, WSJ, NYTimes, FT, Barron’s
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…
2:43am ET
Investing
Asia Markets 8/23/2007
Markets in Asia were up sharply. The Nikkei rose 2.6% to 16,316. Canon (CAJ) was up 5.9% to 6260. Sony (SNE) was up 2.8% to 5440. Toyota (TM) was up 2% to…
6:21pm ET
Banking, finance, and taxes
Countrywide Financial: Bank of America’s Deal Of The Century
It is too good to be true. Bank of America (BAC) put $ 2 billion into Countrywide Financial (CFC) by taking convertible preferred with an $18 a share strike price and a…
Douglas A. McIntyre 4:01pm ET
Telecom & Wireless
JDSU: Still No Future
JDSU, which makes communications test and measurement solutions and optical products for the telecom and cable businesses, turned in another lackluster quarter. These are supposed to be the days of broadband expansion…
3:36pm ET
Investing
Samsung Should Passe Motorola In Handset Sales
It is a matter of time before Motorola (MOT) loses its position as the No.2 handset maker behind Nokia (NOK). And ’tis Samsung that will do MOT in. According to new Gartner…
Douglas A. McIntyre 3:02pm ET
Investing
The 52-Week Low Club
Tween Brands (TWB) Specialty retailer has bad quarter and weak guidance. Drops to $27.35 from 52-week high of $49.00. Superior Offshore (DEEP) Senior management enter into stock sales plans. Down to $10.30…
Douglas A. McIntyre 1:49pm ET
Banking, finance, and taxes
Cramer Talks Mortgage Lenders Closing Shop (LEH, WFC, WB, BAC)
On today’s STOP TRADING on CNBC, Jim Cramer said that the Lehman (NYSE:LEH) exit from the mortgage business is a positive because this wasn’t making money. He’d be a buyer on that…
1:11pm ET
Investing
GM Cuts Truck Production Due To High Inventory
GM (GM) has cut production at six US plants due to high inventory of pick-ups and SUVs. Sales of the GMC Sierra fell 28% last month. The Wall Street Journal wrote that…
Douglas A. McIntyre 12:37pm ET
Apps & Software
The VMware Conundrum (VMW, EMC, CTXS, MSFT)
VMware, Inc. (NYSE:VMW) has been an unbelievably strong IPO after the partial spin-off from EMC Corp. (NYSE:EMC). Shares opened for trade last Tuesday and are up about 40% from the initial open. …
12:25pm ET
Technology
Report: Head Of AMD Sales Resigns
Hexus, the technology news site, is reporting that Henri Richard, the AMD executive vice president and chief sales and marketing officer has resigned. 24/7 was unable to get an answer on the…
Douglas A. McIntyre 11:07am ET
Investing
New York Times Short Interest High, Faith In Online Plan May Be Fraying
Shares sold short in The New York Times Company (NYT) were just below 16 million against daily trading volume in the company’s "A" share of 1.158 million. That means that the number…
Douglas A. McIntyre 11:04am ET
Health and Healthcare
IPO FILING: Adnexus Therapeutics, Targeting Avastin (ADNX, BMY)
ADNEXUS THERAPEUTICS, INC. has filed to come public via an IPO with the filed amount to sell up to $86,250,000 in common stock. Adnexus has taken the proposed ADNX ticker on NASDAQ. …
Douglas A. McIntyre