The stock market finished up its first quarter of the 2008 calender year with a positive note for the day, but the quarter overall was a mess.
The S&P 500 lost 10% for the first three months of 2008 as worries of a recession and a subprime crisis has lead to continuous selling. This round goes […]
The top stories from the week that was March 23rd - March 30th 2008 via MarketWatch.com:
Bear Stearns Bid Gets Upped
A Line at the Discount Window
Unlucky Penny
Courting Clear Channel
Fire Sale For Ford
Motorola Break Up
Privacy and Personal Health
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Today the struggling handset business Motorola (MOT) has announced it will split itself into two publicly traded companies in an effort to end the long landslide the stock has seen in the recent years.
Carl Icahn, the billionaire investor who has a history for making big changes happen has been the big backer for some sort […]
Citigroup yesterday made an interesting move when it upgraded Yahoo (YHOO) stock to a “buy” from “hold”, citing its opinion that Microsoft will have to tender its offer if it wants to seal the deal and buy out Yahoo.
Even though Yahoo currently has no other competing bidders right now with Microsoft, it is believed that […]
Today it was reported that JP Morgan may be sweetening its offer for Bear Stearns from the original $2 a share to some $10 a share.
Apparently the new talks took place on Sunday as JP Morgan was trying to satisfy disgruntled shareholders upset over the original $2 offer.
The original price for Bear Stearns was part […]
Retailer Tiffany’s (TIF) is up over 12% currently in live trading this morning after posting better then expected earnings.
The jewelry retailer posted Q4 earnings of $1.27 a share vs an expected $1.21 a share, both exclude one-time charges. This is up 31% from the year prior and puts Tiffany’s in a good spot moving forward.
Revenue […]
The top stories from the week that was March 16th - March 22nd 2008 via MarketWatch.com:
Bear Stearns Bought For $2
Going Where No Fed Has Gone Before
The Deepest Fed Cut
Bear Stearns Becomes First Casualty
Visa’s IPO
Small Profits But Profits Nonetheless
Starbucks Steps It Up
Looking ahead into next week, expect the bulls to try and continue their fight for […]
Visa stock went public yesterday at $44 per share under the ticker V. With 406 million shares sold Visa effectively raised $17.86 billion to make it the largest initial public offering in US history.
The $44 price tag topped estimates of $37 to $42, and the stock shot up in price yesterday finishing the session at […]
Today Dell Computers (DELL) announed that it plans to buy $23 billion of components from China this year and $29 billion from China in 2009. With the US economy facing a recession reducing costs is a critical moving foward.
This news is not a surprise though as other companies have already been approaching the matter in […]
The Federal Reserve cut a key interest rate by three-quarters of a point Today, continuing its battle to end a spreading credit crisis. Wall Street reacted with open arms having its single biggest day in five years.
The NASDAQ Composite finished up 4.19% to a close of 2268.26, the S&P 500 finished up 4.24% to a […]
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Written by Tisa Silver [email] for b5media.
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