Archive for April, 2008
Monday, April 28th, 2008
Mars and Warren Buffet recently announced their plans to buy Wrigley, the company behind Wrigley Gum.
According to reports, Mars and Mr. Buffet have offered $80.00 a share to stockholders in the Wrigley Corporation.
This would bring two of the largest candy makers together as separate stand alone subsidiary with ...
Posted in Business | No Comments »
Thursday, April 24th, 2008
The credit crunch and other factors are making things a little uneasy if you have a job on Wall Street.
James Brown, a labor market analyst with New York state's labor department says that as many as 36,000 jobs on Wall Street could be lost due to the credit crunch and ...
Posted in Business | No Comments »
Tuesday, April 22nd, 2008
In general stocks were down today on Wall Street, as soaring oil prices have investors worried about how the skyrocketing costs will affect the beleaguered consumer. Oil went over $119 per barrel, and has showed no real signs of a slowdown as the summer driving season has arrived.
"We've melted ...
Posted in Market Commentary | No Comments »
Thursday, April 17th, 2008
People had been selling off Google in the past few weeks, on speculation that the company's ad program was not performing as well as last year. These people must be surprised today to learn that Google ended up 30% over last year's earnings.
Google leader Eric Schmidt cooed about the ...
Posted in Stock Highlight | No Comments »
Wednesday, April 16th, 2008
Oil set a new record at $114.54 per barrel. The main reason cited is that speculators are pouring money into commodities, due to the continued decline of the dollar. As the Euro continues to climb against the dollar, money keeps pouring into oil.
According to Olivier Jakob, the trend ...
Posted in Market Commentary | No Comments »
Monday, April 14th, 2008
Circuit City and Blockbuster are two brand names that have seen their better days. The two companies have both been struggling in recent years. Circuit City has been trounced operationally by Best Buy, while BlockBuster had their asses handed to them by Netflix. So what to do ...
Posted in Investing | No Comments »
Thursday, April 10th, 2008
The Dow Jones had a decent day, as technology and retail leaders led a small rally. The primary mover pushing tech stocks up was that Banc of America Securities upgraded the U.S. semiconductor sector. They reasoned that a modest inventory buildup has eased. This lead investors to ...
Posted in Market Commentary | No Comments »
Tuesday, April 8th, 2008
Another great banking institution has taken on water with mortgage defaults and delinquencies. This time it's Washington Mutual.(WM)
The company is taking on 7 billion dollars from private equity firm TPG Inc. and other investors.
Washington Mutual announced plans to eliminate 3,000 jobs and will close 186 stand alone home lending ...
Posted in Market Commentary | No Comments »
Monday, April 7th, 2008
Investors aren't feeling bad about themselves today. They are actually quite upbeat. The amount of money that has been injected into the banking industry has temporarily allayed fears of further trouble for the credit markets, and that's getting some people excited.
"Overall, I'm getting the sense here that the ...
Posted in Investing | No Comments »
Monday, April 7th, 2008
Kinetic Concepts (KCI) recently announced that they are buying out Lifecell (LIFC) for 1.7 Billion dollars in cash. Kinetics plans to expand and diversify Lifecell's offerings, which is currently based on tissue repair.
Kinetic offers advanced wound care and therapeutic support systems.
Kinetic offered $51.00 a share. LIFC's shares were trading ...
Posted in Investing | No Comments »
