Nortel (NT) turned in bad numbers. According to The Wall Street Journal "the company said the quarterly net loss was $37 million, or seven cents a share, compared with net income of…
Douglas A. McIntyre (ACA) ACA Capital said subprime mortgage exposure does not threaten stability of its unit ratings.(AHM) American Home Mortgage is closing most operations and laying off most of its 7,400 workers Fridaydown to…
Big Band Networks (BBND) had a bad quarter. The provider of infrastructure for moving video around the internet lost 20% of its value after hours down to $11. It announced a modest…
Douglas A. McIntyre APD started as Outperform at CIBC.CAB raised to Outperform at Wachovia.CKFR cut to Neutral at Baird.CDL raised to Neutral at B of A.CLX cut to Equal Weight at Lehman.CXR raised to Neutral…
Douglas A. McIntyre Boston Scientific (BSX) had planned to take its fast-growing endosurgery group public to raise as much as $1 billion. According to The Associated Press: "The endosurgery unit has recently enjoyed strong growth,…
Douglas A. McIntyre The big city-wide WiFi deployment that was going to make broadband access to the masses a reality was to start in San Francisco. After all, it is the large city at the…
Douglas A. McIntyre As the data from Hitwise shows, traffic to the NYTimes.com website has dropped 15% over the last year. In a note from teh audience measurement company: According to Hitwise, the US market…
Douglas A. McIntyre American Home Lending (AHM) said it would lay-off most of its staff, about 7,000 people. The home lender will also probably seek bankruptcy protection. According to MarketWatch: "American Home Mortgage said early…
Douglas A. McIntyre According to Reuters, net income at Toyota (TM) rose sharply on strong US and European sales. Reuters writes that American Home Mortgage (AHM) will close today and lay-off all of its employees.…
Markets in Asia were mixed The Nkkei was flat at 16,980. Toyota (TM) announced earnings. It was up .1% to 7080. The Hange Seng rose .6% to 22,572. China Mobile (CHL) was…
Douglas A. McIntyre Weyerhaeuser Co. (NYSE:WY) has been hit exceptionally hard in this last market slide. The paper conglomerate reports earnings Friday, and First Call estimates are looking for $0.39 EPS and $4.24 Billion in…
On tonight’s Mad Money on CNBC, Jim Cramer talked up his DJIA target and DJIA components (there is another batch here as well) but he also said he’s backing the Chicago Mercantile…
Douglas A. McIntyre Friday morning will be the earnings report for Brookfield Asset Management (NYSE:BAM) (and TSX:BAM). The problem with this ‘earnings’ for U.S. investors is that the company is based in Canada and First…
Take-Two Interactive (NASDAQ:TWO) is showing how its woes are far from over. The company is lowering guidance because it delayed the launch date for its upcoming blockbuster game Grand Theft Auto 4. …
There is one thing companies coming public hate to see, and that is a discounted pricing to their indicated trading range from the original prospectus terms. Genpact Ltd. (NYSE:G) did just that. …