Thursday, March 26, 2009

3/26 TheStreet.com

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MUFG, Morgan Merge Japanese Brokerages
March 26, 2009 at 3:03 am

Japan's Mitsubishi UFJ and Morgan Stanley said Thursday they have reached an agreement to merge the Japanese securities businesses of the two firms.

China's Geely Among Those Eyeing Volvo
March 26, 2009 at 2:21 am

Among the bidders for Ford's Volvo Cars unit are China's Geely Automobile and a Europe-based consortium of investors, a report says.

GM, Chrysler to Get More U.S. Aid: Report
March 26, 2009 at 1:57 am

President Barack Obama's auto task force will recommend General Motors and Chrysler receive more U.S aid but with conditions attached, a report says.

Neurocrine's Elagolix Misses Main Study Goal
March 26, 2009 at 1:21 am

Patients treated for endometriosis with elagolix reported improved daily pelvic pain scores compared with placebo, but the difference wasn't statistically significant.

IBM May Lay Off 5,000 U.S. Workers
March 26, 2009 at 12:53 am

An IBM manager knowledgeable about the plans said the cuts will come from the services division and workers will be informed Thursday.

U.S. Seeks Financial Regulations Overhaul
March 26, 2009 at 12:41 am

The Obama administration is proposing an extensive overhaul of financial regulations to increase oversight of such exotic instruments as credit default swaps that have been blamed for contributing to the worst financial crisis to hit the country in seven decades.

Opinion: A Way Out of Government Debt
March 26, 2009 at 12:23 am

Abolish the Federal Reserve and the whole notion of central and fractional reserve banking and return to the system the founding fathers established for America.

Today's Outrage: GE Shareholders Speak Out
March 26, 2009 at 12:00 am

GE shareholders speak out, with many expressing support for Karen Christiansen and her lawsuit against GE. Some took the company's side or simply had no sympathy for an investor who they felt didn't do enough homework before buying.

Cramer's 'Mad Money' Recap: A Sunny Forecast
March 25, 2009 at 8:51 pm

Cramer says the market sees better days for the economy ahead.

AIG Exec's Public Exit Won't Be the Last
March 25, 2009 at 7:59 pm

AIG exec Jake DeSantis resigned in a New York Times op-ed in what could be a public salvo in a mass exodus of talent from bailed-out financial companies.

'Mad Money Lightning Round': Sip Some Coca-Cola
March 25, 2009 at 7:42 pm

Cramer likes the company's overseas exposure and dividend.

'Fast Money' Recap: Why the Markets Bounced Back
March 25, 2009 at 7:29 pm

The trading panel said the market relied on the financials to end up on a positive note.

Small Drives May Pay Off Big for Western Digital
March 25, 2009 at 6:11 pm

The storage firm could win big with its small disk drives.

Dow Watch: Bank of America, JPMorgan Up
March 25, 2009 at 6:08 pm

Bank of America and JPMorgan Chase are among the Dow stocks rising Wednesday.

Schapiro to Spill the Beans on Uptick Rule?
March 25, 2009 at 5:54 pm

The SEC Chairwoman is expected to detail the reinstatement of the uptick rule during her Senate testimony on Thursday.

Red Hat Rises on Fourth-Quarter Results
March 25, 2009 at 5:39 pm

Linux specialist Red Hat enjoys a fourth-quarter revenue hike, but profit slips.

Stock Search: Wells Fargo
March 25, 2009 at 5:36 pm

The bank stands to benefit from early, aggressive writedowns of its bad assets.

Stock Wrap: The Real Story, March 25
March 25, 2009 at 5:36 pm

Stocks in New York were strong early Wednesday, sluggish in the afternoon and then positive again into the close, leaving the major averages higher for the session.

Biogen Tries to Quell Fears About MS Drug Rivals
March 25, 2009 at 5:26 pm

Biogen meets with investors to pitch its research pipeline and stifle worries that its leading position in the multiple sclerosis treatment market is vulnerable to competition.

Stocks End Up After Late Rally
March 25, 2009 at 5:23 pm

Wall Street was strong early Wednesday, sluggish in the afternoon and then positive again into the close, leaving the major averages higher for the session.

Who Can Oracle Buy
March 25, 2009 at 5:21 pm

Real Money's James Altucher has ideas for the next big tech merger.

Chip Stocks End the Day Mixed
March 25, 2009 at 5:07 pm

After a seesaw day, semiconductor stocks close mixed.

Cramer's 'Mad Money' Follow-Up: P&G
March 25, 2009 at 4:55 pm

Jim Cramer likes Procter & Gamble for its dividend and as a play on the weak dollar and falling commodity prices.

Stock Search: McDonald's Makes The List
March 25, 2009 at 4:50 pm

Stock Search: McDonald's makes the list and Debra Borchardt gives you the details.

TSC Ratings' Updates: Athenahealth
March 25, 2009 at 4:48 pm

Baytex, Conn's and hhgregg are upgraded; thenahealth and VAALCO are downgraded.

Durable Goods Data: For Autos, Slower Rate of Decline
March 25, 2009 at 4:39 pm

Actual shipments of motor vehicles and parts fell by 1.6% in February after falling by 8% in January.

Paychex Reports In-Line Quarter
March 25, 2009 at 4:31 pm

The Rochester, N.Y.-based payroll services outfit said Wednesday that its profit dropped to $130.8 million, or 36 cents a share, from $142.5 million, or 39 cents a share in the year-ago period.

Mortgage Refinance Boom May Aid Banks
March 25, 2009 at 4:27 pm

Mortgage refinancings are expected to pick up this year, providing an incremental boost to banks still waiting for the housing market to rebound.

Blockbuster to Stream Movies to TiVo Subscribers
March 25, 2009 at 4:16 pm

Blockbuster and TiVo announced a partnership that will allow TiVo subscribers to access Blockbuster's digital catalog with their home DVRs.

Glaxo May Buy Large Stake in Generic-Maker Aspen: Report
March 25, 2009 at 3:58 pm

GlaxoSmithKline is reportedly in talks to buy a large stake in South African drug maker Aspen Pharmacare.

Defending Warren Buffett
March 25, 2009 at 3:54 pm

Janet Tavakoli, author of the new book Dear Mr. Buffett, defends the Oracle of Omaha's recent investment decisions including his controversial derivatives trades.

Energy Winners and Losers: Halliburton
March 25, 2009 at 3:51 pm

Oil services sector falls.

Financial Winners and Losers: Wells Fargo
March 25, 2009 at 3:48 pm

Financial stocks were mixed in trading Wednesday, after weak demand at an auction of federal bonds weighed on a rally sparked by stronger-than-expected economic data.

ADP Trims 2009 Earnings, Revenue Guidance
March 25, 2009 at 3:36 pm

ADP cut its forecast for full-year earnings and revenue due to economic headwinds that have affected its business clients

Options: Rumors Spark Call-Buying in MEMC
March 25, 2009 at 3:17 pm

Takeover rumors propelled the shares higher and led to an increase in call volume.

Cramer's 'Stop Trading!': Hershey's Sweet
March 25, 2009 at 3:13 pm

Jim Cramer anticipates that Hershey will report a great quarter and raise guidance.

Crude Oil Falls, Gold Ticks Lower
March 25, 2009 at 2:49 pm

Most commodities were losing ground Wednesday, including crude oil, which dropped following the latest inventory numbers from the U.S. government.

Recession Delivers Timely Wake-up Calls
March 25, 2009 at 2:19 pm

The financial crisis shook these three entrepreneurs out of complacency. Their renewed focus has delivered dividends.

Compton Petroleum Moves To Net Loss
March 25, 2009 at 2:03 pm

Declining production volumes and dropping average realized prices hurt the company's revenue in the fourth quarter.

Lawry's Acquisition Helped Boost McCormick's Earnings
March 25, 2009 at 1:57 pm

First quarter earnings increased as the company added the spice maker and consumers chose to eat at home more often.

Tech Report: IBM
March 25, 2009 at 12:36 pm

Tech Report: Scott Moritz breaks down the top tech rumor of the day and explains how to trade the news.

Teekay LNG Prices Follow-On Public Offering
March 25, 2009 at 12:27 pm

Teekay LNG is offering 4,000,000 common units at $17.60 per unit.

Dow Watch: Bank of America, GE Climb
March 25, 2009 at 12:21 pm

Bank of America and General Electric are among the Dow stocks rising Wednesday.

Goldman Stock Looks Expensive: Analyst
March 25, 2009 at 12:18 pm

Goldman stock has battled back from below $50 in November, but analyst Richard Bove cautions against buying the stock at its current level.

They Just Don't Get Analyst Churn!
March 25, 2009 at 12:05 pm

Marek Fuchs pinpricks an alarmist Journal article about a tiny proportion of Merrill analysts leaving.

Shipping Stocks: DryShips Swings to Loss
March 25, 2009 at 12:01 pm

DryShips shares fall on news that the company suffered a $1.02 billion loss for the fourth quarter of 2008.

Harley, Honda Target Younger Riders
March 25, 2009 at 11:17 am

Motorcycle makers are trying to reignite sales with new bikes that offer high performance and fuel efficiency.

Stocks Get Data Boost
March 25, 2009 at 11:15 am

Outstanding data on durable goods and new-home sales put stocks back on an upward trajectory Wednesday.

Geithner Calls for New Power
March 25, 2009 at 11:02 am

Treasury Secretary Geithner calls for new powers to prevent AIG type problems

JPMorgan Chase Sues WaMu, FDIC
March 25, 2009 at 11:00 am

JPMorgan Chase is suing Washington Mutual and the FDIC for the right to retain certain assets acquired in its deal for the failed thrift in September.
 

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