This morning the cops came knocking for two former Bear Stearns managers.
Matthew Tannin and Ralph Cioffi were taken into custody as the first executives to face criminal charges in the wake of the sub-prime market meltdown.
Tannin and Cioffi face many accusations surrounding the collapse of the Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Master Fund. Those […]
Immunicon, a small company which develops diagnostic and research products, filed for Chapter 11 bankruptcy protection today.
Immunicon’s stock has been down steadily for the past two years and has been trading as a penny stock since last winter. Johnson & Johnson subsidiary, Veridex, will purchase nearly all of Immunicon’s assets for approximately $31 million.
The company had partnered […]
Video game publisher Take-Two Interactive Systems posted jaw-dropping (in a good way) earnings today due to higher-than-expected sales of Grand Theft Auto IV.
Sales of Grand Theft Auto IV have generated over $500 million in revenue for Take-Two since its April 29 debut. The release was posptoned for six months but it appears the delay did not phase sales […]
Shares of Hershey were up almost ten percent today, as rumors of a possible candy maker collabo circulated through the markets.
Since the Mars-Wrigley merger, Hershey is under pressure to maintain its status as the top chocolate maker in the U.S. Potential partners include Nestle and Kraft. BTW, Hershey is not an acquisition target because Pennsylvania law requires […]
Before the dust settled on Microsoft’s failed acquisition of Yahoo, news emerged of a possible deal involving Sprint and T-Mobile USA owner Deutsche Telekom.
T-Mobile is the fourth largest wireless company in the U.S. while Sprint ranks third. The combination would trump the market’s current leaders, Verizon Wireless and AT&T.
Mergers and acquisitions are often viewed positively by markets and investors. Sprint shareholders could definitely […]
Microsoft announced today that their first quarter revenues were pretty flat and profits fell. Definitely not a good look! The company’s very public and controversial courting of Yahoo certainly isn’t helping the situation. Hmmm… “courting” implies consent and this is anything BUT consensual!
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After claiming that Microsoft’s offer to buy Yahoo was too soft, Yahoo has begun wooing (once again) Time Warner’s AOL.
Initial reports in the Wall Street Journal indicate that Time Warner (TWX) would fold AOL into Yahoo and infuse cash into the company in exchange for a 20% stake of the combined company. In return, Yahoo […]
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Microsoft Corp. has given Yahoo an ultimatum: move it or answer to your shareholders.
This week, the corporate giant sent a letter to the Yahoo Board of Directors with a deadline for responding to it $40 billion buyout offer. The letter promised that Microsoft […]
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 Google’s $3.1 billion dollar bid for online ad tracker DoubleCkick was cleared by European Union regulators, citing that competition will not be negatively affected for online ads.
With this piece of the puzzle set into place, there are no more hurdles for Google to pass to officially acquire DoubleClick.
Confrontation came with the likes of Microsoft […]
Where talk is money.
Written by Tisa Silver [email] for b5media.
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