InsideScoop posts
FeedPosted Oct 16th 2007 9:10AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Adobe Systems (ADBE), Verizon Communications (VZ)
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MAJOR PAPERS:
- Barron's Online's (subscription required) "Inside Scoop" column reported that Adobe Systems (NASDAQ: ADBE) founder and co-chairman John Warnock sold 25K shares for $1.1M last week, according to SEC data.
- The Wall Street Journal (subscription required) reported that Ben Bernanke, the Federal Reserve chairman, last night said that while the housing market will continue to be a "significant drag" on the U.S. economy next year, strong income growth has kept consumer spending steady.
OTHER PAPERS:
- Verizon Communications (NYSE: VZ) told Congressional investigators that it has provided customers' telephone records to federal authorities in emergency cases without court orders hundreds of times since 2005, reported the Washington Post.
- Ad agency WPP Group (NASDAQ: WPPGY) is in final negotiations to acquire Blast Radius, an Internet agency, reported the U.K. Times.
- Smith & Nephew (NYSE: SNN) is being investigated by the SEC on bribery allegations, according to the U.K. Times.
- Activist investor Knight Vinke is attacking HSBC (NYSE: HBC) once again, according to the U.K. Times.
WEBSITES:
- DigiTimes.com reported that Taiwan Semiconductor Manufacturing Company (NYSE: TSM) has denied a report by the Ottawa Citizen which speculated that Taiwan Semi was seeking to acquire Canadian design house Emerging Memory Technologies, saying the rumors were false.
- TechCrunch.com reported that Napster (NASDAQ: NAPS) is switching from its desktop client to a fully web based client, enabling users to listen to their music from any computer after logging into the service.
Posted Oct 3rd 2007 9:10AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Google (GOOG), Yahoo! (YHOO), Citigroup Inc. (C), , Sun Microsystems (JAVA)
MAJOR PAPERS:
- With its reputation at stake, Countrywide Financial Corporation (NYSE: CFC) has launched an aggressive PR offensive beginning inside the firm, reported the Wall Street Journal (subscription required).
- Barron's Online's (subscription required) "Inside Scoop" section reported that on Friday, two days after the stock dipped to $12.07, a 6-year low, Borders Group Inc (NYSE: BGP) CEO George Jones bought 50K shares, his first open market purchase since joining the retailer.
- The Financial Times (subscription required) reported that Citigroup Inc (NYSE: C) CEO Chuck Prince is waiting for a review of the company's $3.3B in losses and writedowns in its banking business for Q3 before deciding whether to fire executives as a result of the poor performance, according to senior Citigroup executives.
- Yahoo Inc (NASDAQ: YHOO) said it was considering selling Kelkoo, the online shopping comparison service that it acquired in 2004, admitting the acquisition did not pan out as planned, reported the Financial Times.
WEBSITES:
- Sun Microsystems (NASDAQ: JAVA) is going to combine its storage and server product teams to create a new converged group called the Systems team, Sun Microsystems CEO Jonathan Schwartz wrote in his blog.
- Henry Blodget made a case for Google's (NASDAQ: GOOG) stock going to $2,000 a share at AlleyInsider.com.
Posted Sep 25th 2007 9:24AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Microsoft (MSFT), Dell (DELL), Wal-Mart (WMT), General Motors (GM), BP p.l.c. ADS (BP)
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MAJOR PAPERS:
- Barron's Online's "Inside Scoop" column reported that from Sept. 19-21, former Wal-Mart Stores Inc (NYSE: WMT) CEO David Glass grossed more than $13.3M by selling 300K Wal-Mart shares on the open market, according to SEC.
- The UAW walked out on General Motors Corporation (NYSE: GM) yesterday because negotiations stalled when the United Auto Workers said they should get some sort of job guarantees from GM, reported the Wall Street Journal.
- The Financial Times reported that BP's (NYSE: BP) Q3 revenue will be "dreadful" and the company will undergo a far-reaching shakeup, BP CEO Tony Hayward has reportedly told his staff.
OTHER PAPERS:
- Having completed a deal with aQuantive for $6B, Microsoft Corporation (NASDAQ: MSFT) wants to make one more deal this year. The question the New York Post asks is, will it be with Facebook or Yahoo Inc (NASDAQ: YHOO)?
- The Economic Times reported that Reliance Retail is in talks with the Gap Inc (NYSE: GPS) for a franchisee arrangement for Reliance Retail's apparel business.
WEBSITES:
Posted Aug 15th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Home Depot (HD), Sony Corp ADR (SNE), Gap Inc (GPS)
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MAJOR PAPERS:
- Home Depot Inc's (NYSE: HD) second quarter income drop of 15% may affect what will happen with the company's share buyback that is in part tied to the sale of its HD Supply wholesale business, reported the Wall Street Journal.
- Royal Dutch Shell (NYSE: RDS.A) may sell its 50% stake in BEB Transport & Speicher Service, a German natural gas pipeline firm, reported the Wall Street Journal.
- New Gap Inc (NYSE: GPS) CEO Glenn Murphy bought 150K shares of Gap stock for $2.3M Friday at an average price of $15.55, according to a Monday filing the SEC, reported Barron's Online's "Inside Scoop" column.
- The Financial Times reported that share prices and currencies in the Asia-Pacific region tumbled earlier today, as investors worried about the subprime mess pulled back from emerging markets.
OTHER PAPERS:
- Sony Corporation (NYSE: SNE) will announce plans to float its highly profitable financial services division, Sony Financial Holdings, in what could be Japan's biggest initial public offering this year, creating a company with a market value close to 1T yen, reported the U.K. Times.
Posted Aug 7th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Daimler (DAI), Best Buy (BBY), Chevron Corp (CVX), Sun Microsystems (JAVA), PetroChina Co Ltd ADR (PTR)
MAJOR PAPERS:
- With his company's stock near a 52-week low, Robert Willett, CEO of Best Buy Incorporated's (NYSE: BBY) international operations, bought nearly $500K in stock, reported Barron's Online's "Inside Scoop" section.
- In a rare instance of a foreign company being allowed into the Chinese onshore oil and gas industry, Chevron Corporation (NYSE: CVX) will develop a natural gas filed owned by PetroChina Company Limited (NYSE: PTR), reported the Wall Street Journal.
- The Wall Street Journal reported that Sun Microsystems Inc (NASDAQ: SUNW) is today expected to introduce a new microprocessor called UltraSparc T2, will be able to process up to 64 threads at one time -- most chips can handle up to four threads at a time.
- According to the Financial Times, citing a source familiar with his pay package, Robert Nardelli will college a salary of $1 a year in his new role as CEO of Chrysler, which is 20% owned by DaimlerChrysler (NYSE: DCX).
OTHER PAPERS:
Posted Aug 2nd 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Google (GOOG), Apple Inc (AAPL), Morgan Stanley (MS), Monster Worldwide (MNST), Martha Stewart Living Omnimedia (MSO)
MAJOR PAPERS:
- Paul Tudor Jones runs some of the best managed hedge funds anywhere, averaging over a 24% annual return over the last 20 years, but last month they reported heavy losses, according to the Wall Street Journal.
- The Wall Street Journal reported that Google Inc (NASDAQ: GOOG) is speaking with wireless operators , such as T-Mobile USA and Verizon Wireless, as well as phone manufacturers about carrying their products.
- The Financial Industry Regulatory Authority is expected to fine Morgan Stanley (NYSE: MS) a total of $6.1M for alleged overcharging of customers on bond sales totaling $59M, reported the Wall Street Journal.
- Barron's "Inside Scoop" section reported that Andrew J. McKelvey, who stepped down as Monster Worldwide Inc's (NASDAQ: MNST) chairman and CEO last October, has sold 1.27M shares for $48.6M on the open market since Friday, according to SEC data.
OTHER PAPERS:
- Martha Stewart Living Omnimedia (NYSE: MSO) is reportedly joining with private-equity partner GTCR Golder Rauner to buy food-crafting company Wilton Industries and paint-by-number specialist Dimension Holdings, reported the New York Post.
WEBSITES:
- According to DigiTimes.com, Taiwan component suppliers for the iPhone have said they are not seeing any reduction in orders from Apple Inc (NASDAQ: AAPL).
Posted Jul 31st 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Toyota Motor Corp. (TM), AT and T (T), News Corp'B' (NWS), ,
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MAJOR PAPERS:
- Rupert Murdoch's $5B, $60 a share offer for Dow Jones & Company (NYSE: DJ) appeared to be closer to a final deal as Dow Jones was negotiating with News Corporation (NYSE: NWS) to pay advisory fees for the Bancrofts, the majority stock holders, in exchange for some of the holdout members to back the deal, according to the Wall Street Journal.
- Barron's Online's "Inside Scoop" column reported that so far this year, five top BlackRock Inc (NYSE: BLK) executives grossed more than $82.4M by selling 486.5K shares on the open market at per-share prices ranging from $147.30 to $179.93, according to Thomson Financial data.
OTHER PAPERS:
- Mortgage woes continued to deepen yesterday, reported the New York Times, which noted that the New York Stock Exchange elected not to allow trading yesterday on the shares of American Home Mortgage Investment Corp (NYSE: AHM), after the company reported that it would suspend its dividend and faced "significant" margin calls from banks.
- The New York Times reported that AT&T Inc (NYSE: T) has made a deal with online music retailer EMusic that will allow people to buy songs from independent labels through their cell phones.
- The Los Angeles Times reported that Toyota Motor Corporation (NYSE: TM) will introduce a new "standard" version of its Prius gas-electric hybrid for the 2008 with a base price of $20,950, 5.5% less than the lowest cost 2007 model.
Posted Jul 20th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Alcoa Inc (AA), Monster Worldwide (MNST)
MAJOR PAPERS:
- Barron's Online's (subscription required) "Inside Scoop" reported that a batch of sales at Alcoa Inc (NYSE: AA) has followed Alcoa's withdrawal of its offer to purchase Alcan Inc (NYSE: AL): from July 13-17, four senior executives grossed $41.3M by selling 877,600 shares on the open market at per-share prices ranging from $46.67 to $47.47, according to SEC data.
- Andrew McKelveey, the founder and former CEO of Monster Worldwide Inc (NASDAQ: MNST) was allegedly involved in the backdating of stock option grants for employees, reported the Wall Street Journal (subscription required).
OTHER PAPERS:
- Vodafone Group plc (NYSE: VOD) CEO Arun Sarin made a concession to rebel shareholders yesterday by promising to release value from Verizon Wireless, a joint venture in which Vodafone has a 45% stake, reported the U.K. Times.
- From BusinessWeek's "Inside Wall Street" column:
Posted Jun 21st 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Exxon Mobil (XOM), Krispy Kreme Doughnuts (KKD), Verizon Communications (VZ),
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MAJOR PAPERS:
- Mohamed Abdulmohsin Al Kharafi & Sons WLL, a Kuwaiti-based firm led by the Al Kharafi family, recently bought 1.25 million shares of Krispy Kreme Doughnuts Inc (NYSE: KKD) and now owns 7.37, or 11.4% of Krispy Kreme, according to Barron's Online's "Inside Scoop" section.
- The board of Dow Jones & Company Inc (NYSE: DJ) is taking over talks on the company's future, reported the Wall Street Journal, which added in a different article that Brad Greenspan, the former CEO of MySpace says he will seek a non-controlling stake in Dow Jones through a $60-per-share Dutch auction.
- The Wall Street Journal reported that the London Exchange is discussing a possible merger with Italian stock exchange operator Borsa Italiana.
OTHER PAPERS:
Posted Jun 5th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Apple Inc (AAPL), Amazon.com (AMZN), News Corp'B' (NWS), , salesforce.com inc (CRM)
MAJOR PAPERS:
WEBSITES:
- Engadget.com reported that, as of 6:33am, the Apple Inc (NASDAQ: AAPL) online store is down, indicating a new product to be released today.
Posted May 22nd 2007 9:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Home Depot (HD), Sony Corp ADR (SNE), CBS Corp 'B' (CBS)
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MAJOR PAPERS:
- Barron's Online's (subscription required) "Inside Scoop" section reported that Thomas Everist, an MDU Resources Group (NYSE: MDU) board member since 1995, has sold a total of 742K shares for a total of $22.6M in MDU stock since May 2, according SEC data.
- The Wall Street Journal (subscription required) reported that EMI Group (OTC: EMIPY), the third largest music company by sales agreed to sell to Terra Firma Capital Partners for $4.74B, possibly ending its seven year battle with Warner Music Group Corp (NYSE: WMG).
OTHER PAPERS:
- According to the New York Post, citing people familiar with the situation, the weakening housing market and other issues are making it difficult for Home Depot Inc (NYSE: HD) to sell its professional supply business.
- Discovery Communications is in talks with CBS Corporation (NYSE: CBS) to sell half its Discovery Times channel and form a joint-venture partnership, according to sources close with the situation, reported the Washington Post.
WEBSITES:
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Before the bell: Futures higher ahead of housing, jobless data
Nuclear power is on the comeback trail
Apple backs AT&T in continuing spat with Verizon
