Investors increasingly believe the U.S. government will take steps to rescue Freddie Mac and its sibling, Fannie Mae. The Treasury Department recently received authority from Congress to bail out the two companies, although it stopped short of doing so. Both now play a dominant role in financing mortgages. A rise [...]
This year's drop in agricultural stocks, whose rally since 2003 outpaced the gains in technology shares that preceded the dot-com crash, may deepen as the economic slowdown reduces profits, according to Citigroup Inc. ``Investors have been stung of late in farm equipment and fertilizer stocks, but more pain could be [...]
NYT Dealbook |
August 20th, 2008 |
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A venture headed by residential-land company LandCap Partners will buy $40 million of loans from Wachovia, according to The Wall Street Journal, citing unnamed sources.[...]
NYT Dealbook |
August 20th, 2008 |
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Lehman Brothers' chief executive, Richard S. Fuld, nearly struck a deal to raise almost $5 billion from South Korean wealth funds and institutions, The New York Post reported citing unidentified sources.[...]
24/7 Wall St. |
August 20th, 2008 |
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Novell Inc. (NASDAQ: NOVL) got some decent news after Microsoft (NASDAQ: MSFT) expanded its Linux support relationship for interoperability. If it seems that Microsoft is warming up to Linux and open source, it is at least evidence that the company realizes it has to expand its interoperability in today's world. [...]
Early-Bird Analyst Upgrades & Downgrades (DKS, IDXX, MA, WIT, ACS, ADP, CHT, FMCN, NT, PTI, TSS)
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August 20th, 2008 |
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These are some of the upgrades and downgrades we are seeing from Wall Street this Tuesday morning: Dick’s Sporting Goods (DKS) Raised to Outperform at Baird. IDEXX Laboratories (IDXX) Started as Buy at Piper Jaffray. Mastercard (MA) Raised to Buy at Goldman Sachs.Wipro (WIT) Raised to Neutral at Goldman Sachs. [...]
VC, deals, spark capital Robert Buderi wrote: Right now, if you want to zip through security lines at major airports you have three basic options: travel at weird hours when few people are in the airport; shell out big bucks for a first-class ticket (provided the airport has a separate [...]
24/7 Wall St. |
August 19th, 2008 |
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Why any bank which has undermined the value of its shares by poor management and taken billions of dollars in low-cost loans from the Fed would promote it environmental intiative is beyond imagining. Bank of America (BAC) will be honored for its environmental commitment at a special reception on Monday, [...]
NYT Dealbook |
August 19th, 2008 |
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News that Lehman Brothers has invited offers for its highly prized asset management unit, which includes Neuberger Berman, is the talk of Wall Street. And many on the Street are saying the same thing: Can Lehman be serious? "We don't think Neuberger is up for sale," JPMorgan analysts wrote in [...]
NYT Dealbook |
August 19th, 2008 |
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Todd M. Malan is one of Washington's most influential lobbyists for foreign investors. And now he's headed to Wall Street. Goldman Sachs, the giant securities firm, has hired Mr. Malan as an in-house lobbyist, The Hill reported last week. He joins Goldman as overseas companies and government-run funds have been [...]
NYT Dealbook |
August 19th, 2008 |
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The Blackstone Group stands to reap a potential windfall from its advisory role in SemGroup's bankruptcy case -- and the energy trading firm's unsecured creditors are none too thrilled, The Deal.com reports.[...]
-- Glam Media: The company has hired Yukihiro Yamamura as CEO of its new subsidiary Glam Media Japan KK and VP of Glam Media. No stranger to the CEO position, Yamamura previously held the post at DoubleClick Japan, and earlier, Excite Japan. Thus starts the Japanese expansion of the online [...]
Is FindLaw, one of the oldest online lawyer listing sites, gaming Google by buying and selling links to generate higher search rankings for customers? That's the question that Kevin O'Keefe examines at Lexblog. O'Keefe quotes from the story originally reported[...]
24/7 Wall St. |
August 18th, 2008 |
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These are not all of the early calls from analysts out there, but these are some of the calls that may impact the prices of these shares this summer Monday morning: Cadence Design (CDNS) Raised to Buy at Citigroup. CardioNet (BEAT) Cut to Hold at Citigroup.[...]
NYT Dealbook |
August 18th, 2008 |
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For the many St. Louis residents who lamented Anheuser-Busch's sale to Inbev, it will be a sad day when the $52 billion deal gets done. For bankers at Goldman Sachs, though, it will be a reason to uncork the champagne. Goldman, which helped advise Anheuser-Busch on the takeover negotiations, is [...]
The dollar fell from a seven-month high versus the yen before U.S. government housing and inflation reports this week that may add to speculation the Federal Reserve will delay raising interest rates. The currency also retreated from the strongest level in almost six months against the euro, snapping a three-day [...]
A glimpse of Brazilian television ads provides a who's who of Hollywood's biggest stars. Sex and the City's Sarah Jessica Parker tells shoppers she loves to stroll through Sao Paulo's newest mall. Sylvester Stallone and Kiefer Sutherland hawk cars. Richard Gere peddles women's hair products -- in Portuguese laced with [...]
NYT Dealbook |
August 18th, 2008 |
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UBS's chairman told a Swiss newspaper in an interview that the banking giant will remain independent in two years, despite its current welter of troubles.[...]
24/7 Wall St. |
August 18th, 2008 |
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Every day we cover many stocks at the end of the day which are hitting new 52-week lows. Very rarely do we include ETF's or closed-end mutual funds in the coverage on that list. But what is becoming amazing is the daily reckoning we are witnessing where the 52-week low [...]
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August 18th, 2008 |
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With nearly all of the top investment banks in a precarious financial position as a result of horrific investments in bad debt, banks have no shortage of things to worry about. But the Financial Times reports that "battered US financial groups will have to refinance billions of dollars in maturing [...]
Reed Business Information, the B2B magazine unit of Reed Elsevier (NYSE: RUK), is moving closer to sale, as the bidding enters the second round, after about 12 bidders in its first round. UBS, the bank for RBI, has invited McGraw-Hill (NYSE: MHP), the parent of BusinessWeek, and PE firm Bain [...]
