8:53am ET
Technology
Sun’s (SUNW) Fall: A New 52-Week Low
Sun Microsystems (SUNW) sold off today and hit a 52-week low at $4.50. Its 52-week high is $6.78. The company put out mediocre numbers on July 30, so this is a bit…
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Markets closed
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8:29am ET
Economy
Central Banks Step In: Injecting Liquidity Rather than Cutting Rates
There are more reports of world central bank interventions today. The European Central Bank stepped in and providing added liquidity. The Associated Press put today’s figure at $83.9 Billion and Bloomberg put…
Douglas A. McIntyre 8:05am ET
Health and Healthcare
Wyeth (WYE): More Bad News
Wyeth’s (WYE) shares are off 10% over the last three months, and trade near their 52-week low. The stock is about to go lower. The company disclosed the receipt of an action…
Douglas A. McIntyre 7:34am ET
Investing
Pre-Market Stock News (August 10, 2007)
(BDY) Bradley Pharma said its special committee has received bid indications in its attempt of exploring strategic alternatives.(CFC) Countrywide Financial down over 10% after disclosures in SEC Filing.(DISH) Echostar $0.50 EPS vs…
Douglas A. McIntyre 6:41am ET
Investing
Intel (INTC): A Safe Haven Stock
Intel (INTC) is supposed to be a growth stock. It has been winning its market share battle with rival AMD (AMD). Its shares are up 36% in the last year. But, it…
5:52am ET
Investing
News Corp’s Wall Street Journal Will Give NYT And Yahoo! Fits
Rupert Murdoch, head of News Corp (NWS), has spoken about some of his plans for The Wall Street Journal. At least one of his ideas could do severe damage to two companies…
5:20am ET
Investing
Toyota’s (TM) US Problem
Toyota (TM) says that its growth in the US will slow over the next several years. Toyota has 17% of the market, so that may have something to do with the law…
5:09am ET
Banking, finance, and taxes
Man Group Cancels IPO
In another sign that very few will make it public in a troubled market, Man Group, the largest publicly traded hedge-fund is cancelling its plans to have an IPO of Man Dual…
Douglas A. McIntyre 5:04am ET
Investing
Europe Markets 8/10/2007 Slide Continues
Markets in Asia were down sharply at 6 AM New York time. The FTSE fell 1.8% to 6,159. Barclays (BCS) was down 4.1% to 653.5. BHP Billiton (BHP) was off 3% to…
Douglas A. McIntyre 4:53am ET
Investing
Google (GOOG): The Safest Stock In The World?
Shares in Google (GOOG) are at $515, up about 18% this year. Some other internet companies are up much more. Chinese search leader Baidu (BIDU), a genuinely tiny company, is up 78%.…
4:39am ET
Companies and Brands
Owning Altria (MO): Cigarettes Sell
With the market in bad shape and likely to get worse, investors are running in circles looking for something to buy? Well, tobacco takes a long time to go out of style.…
Douglas A. McIntyre 4:29am ET
Investing
SEC Checks Wall St.’s Books For What It Can’t See (JPM)(BAC)
According to several media reports, the SEC is looking at the books of Wall St.’s five largest brokers. The target is undisclosed problems with mortgage securities and loans for private equity transactions…
3:19am ET
Investing
Media Digest 8/10/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters the Asia central banks put extra cash into the banking systems as markets there fell sharply. Reuters writes that Man Group, the UK hedge fund, has delays its IPO.…
2:53am ET
Investing
Asia Market 8/10/2007 Major Drops
Markets in Asia were off sharply. The Nikkei fell 2.4% to 16,764. Bridgestone fell 5% to 2555. Canon (CAJ) fell 3.9% to 6240. Honda (HMC) fell 3.4% to 3880. The Hang Seng…
Douglas A. McIntyre 6:58pm ET
Banking, finance, and taxes
Countrywide Punished Over Quarterly SEC Filing Disclosures (CFC)
Countrywide Financial Corp. (NYSE:CFC) has filed its 10-Q quarterly report with the SEC, and the stock has gotten hammered in after-hours trading with a drop of more than 10%. Investors should understand…
Douglas A. McIntyre