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FeedPosted Apr 4th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Best Buy (BBY), Boeing Co (BA), , Hershey Co (HSY),
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MAJOR PAPERS:
OTHER PAPERS:
- According to the U.K. Times, citing research by Prudential Equity Group and AXA Framlington, AstraZeneca (NYSE: AZN) could lose 38% of its revenue because key drug patents, including Arimi-dex, Seroquel and Symbicort, will expire in the next five years.
- Investor's Business Daily's "The New America" column mentioned Israeli defense firm Elbit Systems Ltd. (NASDAQ: ESLT) positively. Elbit is a small, flexible company that works with industry giants such as the Boeing Co. (NYSE: BA).
Posted Mar 22nd 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Kohl's Corp (KSS)
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MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that Kraft Foods Inc (NYSE: KFT), looking to make foreign acquisitions, is giving its international managers more power to engineer deals. Kraft is most interested in acquisitions in Russia, Ukraine, Brazil and Mexico, according to a person familiar with the matter.
- According to Barron's Online's (subscription required) "Weekday Trader" column, Corn Products International Inc's (NYSE: CPO) recent 17% drop could be a buying opportunity.
- According to the Financial Times (subscription required), Bertelsmann has joined forces with private equity partners to consider a bid for textbook publisher Thomson Corporation (NYSE: TOC). The asking price is about $5B.
OTHER PAPERS:
- Several private equity firms, including Kohlberg Kravis Roberts, Bain Capital and Texas Pacific Group, have shown a strong interest in acquiring the beverage arm of Cadbury Schweppes ADS (NYSE: CSG) reported the U.K. Times.
- The New York Post reported that WPP Group plc ADS (NASDAQ: WPPGY) has Hollywood ambitions, taking a 6.8% stake in Media Rights Capital, partly owned by talent agency Endeavor.
- Investor's Business Daily's "New America" column mentioned shoe maker Sketchers USA Inc (NYSE: SKX) positively, noting that the company's presence has increased significantly in stores like Foot Locker Inc (NYSE: FL) and Finish Line Inc (NASDAQ: FINL).
Posted Mar 20th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Home Depot (HD), Nokia Corp. (NOK), FedEx Corp (FDX), Palm Inc (PALM)
MAJOR PAPERS:
- According to the Wall Street Journal, Take-Two Interactive Software's (NASDAQ: TTWO) announcement that it is considering a sale is being considered a "ploy" by the company to hold off a shareholder revolt, according to analysts.
- The Wall Street Journal reported that Deutsche Bank AG (NYSE: DB) has agreed to buy Maher Terminals, the owner of the largest container operation at the Port of New York and New Jersey.
- The Financial Times reported that FedEx Corporation (NYSE: FDX) will launch guaranteed next day deliveries within China beginning in May.
OTHER PAPERS:
- The New York Post is reporting that Apollo Management is near a deal to acquire Claire's Stores Inc (NYSE: CLE) for $3B, according to sources familiar with the situation.
- The New York Times reported that two Home Depot Inc (NYSE: HD) directors will not seek re-election at the company's annual meeting in May.
- Investor's Business Daily's "New Issue America" column highlighted ETelecare Global Solutions (which will trade under the symbol ETEL on the NASDAQ), which is expected to price the week of March 26 with an offering price of $12.50-$14.50.
WEBSITES:
- A Palm Inc (NASDAQ: PALM) buyout could be finalized by Thursday at $20 a share, with Nokia Corporation (NYSE: NOK) as the leading bidder, reported Unstrung.com.
- CNet.com reported that Google Inc (NASDAQ: GOOG) will offer themes for its personalized homepages.
Posted Mar 15th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Time Warner (TWX), Wal-Mart (WMT), AT and T (T), Sprint Nextel Corp (S), Verizon Communications (VZ), Qwest Communications Intl (Q)
MAJOR PAPERS:
- The Wall Street Journal reported that Wal-Mart Stores Inc (NYSE: WMT) has renegotiated the terms of leases with a number of banks, giving the retailer the ability to offer mortgages, home-equity lines of credit and consumer loans.
- According to the Financial Times, Lehman Brothers Holdings Inc (NYSE: LEH) is attempting to reassure investors about its exposure to the upheaval in the subprime mortgage market, saying activity from the sector accounted for an average of less than 3% of revenues over the past six quarters.
- Time Warner Inc's (NYSE: TWX) AOL internet division has withdrawn its $900M offer for Swedish internet advertising group TradeDoubler after a decision not to increase the value of the bid, the Financial Times reported.
OTHER PAPERS:
- The Associated Press reported that the U.S. government is expected to soon award its largest telecommunications contract ever to at least two bidders. The bidders, looking to be awarded the 10-year contract worth up to $48B, are Qwest Communications International Inc (NYSE: Q), Sprint Nextel Corporation (NYSE: S), AT&T Inc (NYSE: T) and Verizon Communications Inc (NYSE: VZ).
- The U.K. Times reported that private equity firms are eyeing Cadbury Schweppes ADS's (NYSE: CSG) Beverages business.
- Airline leasing company AerCap Holdings (NYSE: AER) was mentioned positively in Investor's Business Daily's "The New America" column. In 1990, 18% of commercial jets worldwide were leased. In 2005 that percent was 30, and it could reach 40% to 50%, says Wachovia analyst Gary Liebowitz.
Posted Mar 12th 2007 9:15AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Citigroup Inc. (C), Teva Pharm Indus ADR (TEVA)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported on Saturday, citing people familiar with the matter, that Google Inc (NASDAQ: GOOG) has begun a test run of serving TV commercials to cable subscribers in Concord, California. The move, said the Journal, could change the way TV ads are sold and delivered.
- According to the Financial Times (subscription required), Citigroup Inc (NYSE: C) is expected to announce an agreement with Nikko that will give them "effective control" over the company's core business even if they fail to win shareholder support.
OTHER PAPERS:
- The Telegraph reported that ABN Amro Holdings (NYSE: ABN) is expected to "throw a bone" at activist hedge funds that are trying to get the company to break-up or sell itself, by promising a special dividend and minor disposals next month.
- Globes reported that Teva Pharmaceutical Industries Limited (NASDAQ: TEVA) has obtained two FDA marketing approvals for its Abbreviated New Drug Application.
- Investor's Business Daily's "The New America" column mentioned Cynosure Inc (NASDAQ: CYNO), which makes anti-aging products, positively, saying the company appears to be well positioned as the "skin rejuvenation" market takes off.
Posted Mar 7th 2007 9:30AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Cisco Systems (CSCO), Dell (DELL), General Electric (GE), Ford Motor (F), International Business Machines (IBM), Nokia Corp. (NOK), , U.S. Steel (X), Activision Inc (ATVI)
MAJOR PAPERS:
- According to the Wall Street Journal's (subscription required) "Heard on the Street" column, Clear Channel Communicationss Inc's (NYSE: CCU) CEO, Mark Mays, is starting to sound desperate, afraid that shareholders would vote against a $26B takeover of Clear Channel by two private equity firms. Many investors have written off the vote's chances of success, as it needs 2/3 approval, unless a higher bid emerges.
- The Financial Times (subscription required) reported that Cisco Systems Inc (NASDAQ: CSCO) and IBM Corporation (NYSE: IBM) will today announce a partnership to develop software that combines voice, instant messaging and other communications services.
- Barron's Online's (subscription required) "Weekday Trader" feels that Dell Inc (NASDAQ: DELL), Nokia Corporation (NYSE: NOK) and Activision Inc (NASDAQ: ATVI) shares haven't reflected the companies' improving prospects.
OTHER PAPERS:
- The Telegraph reported that Aston Martin, which is owned by Ford Motor Company (NYSE: F), will be sold by the end of the week for an estimated GBP500M. The sale will go to a consortium of business interests from the U.S. and the Middle East, headed by Prodrive founder and owner David Richards.
- According to Polymerupdate.com (subscription required), citing an industry source, Koch Industries and the Blackstone Group are planning to team up to launch a bid for General Electric Company's (NYSE: GE) GE Plastics unit.
- The U.K. Times reported that BT Group plc ADR (NYSE: BT) rose yesterday on the London Stock Exchange on rumors that a private equity group was considering a leveraged buyout of the telecom company.
- Investor's Business Daily's "The New America" column mentioned steel giant United States Steel Corporation (NYSE: X) positively.
Posted Mar 6th 2007 9:40AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Microsoft (MSFT), Dell (DELL), Hewlett-Packard (HPQ), Intel (INTC), Daimler (DAI), Citigroup Inc. (C), Advanced Micro Dev (AMD), Palm Inc (PALM)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that Intel Corporation (NASDAQ: INTC) said it may have lost internal emails that it was required to produce in the antitrust litigation with Advanced Micro Devices Inc (NYSE: AMD).
- The Financial Times (subscription required) reported that Microsoft Corporation (NASDAQ: MSFT) is attacking Google Inc (NASDAQ: GOOG) over copyright policies.
- The Financial Times also reported that Citigroup Inc (NYSE: C) has launched a bid for control of Japan's Nikko Cordial.
OTHER PAPERS:
- According to the Detroit News, Cerberus met with Chrysler executives on a possible bid for the DaimlerChrysler (NYSE: DCX) Chrysler Group unit.
- Investors Business Daily reported that Hewlett-Packard Company (NYSE: HPQ) and Dell Inc (NADSAQ: DELL) have entered into the Palm Inc (NASDAQ: PALM) acquisition speculation.
Posted Mar 2nd 2007 9:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Berkshire Hathaway (BRK.A)
MAJOR PAPERS:
- The Financial Times reported that Warren Buffett has criticized hedge funds, calling their fee arrangements "grotesque."
- In other news relating to Warren Buffett, the New York Times wrote that Buffett said in his annual Berkshire Hathaway (NYSE: BRK.A) shareholder letter that he is looking for a candidate to become chief investment officer when he steps down.
OTHER PAPERS:
- BusinessWeek's "Inside Wall Street" section focused on Tyco International Ltd (NYSE: TYC), Altair Nanotechnologies Inc (NASDAQ: ALTI) and Supergen Inc (NASDAQ: SUPG).
- About Tyco, the column said the planned de-conglomeration of the company has not produced a lot of excitement, but some pros are buying shares, as they believe Tyco splitting in three will cause a jump in the stock.
- About Altair, the column said Alcoa (AA) and Eli Lilly (LLY) have taken an interest in Altair's rapid-charge, high-power NanoSafe battery packs, which could mean a rise in 2007 orders creating a profit for the company.
- About Supergen, the column said that biotech's like Supergen are gaining traction, noting that Supergen inked a pact with Johnson & Johnson (JNJ) to market its Food & Drug Administration-approved drug Dacogen.
- Investor's Business Daily's "New America" column focused on Hurco Companies Inc (NASDAQ: HURC), a machine tool maker that has ad success by downsizing in the U.S. and shifting production to Taiwan.
Posted Mar 1st 2007 9:30AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Starbucks (SBUX), Ford Motor (F), Home Depot (HD), McDonald's (MCD), Blockbuster Inc 'A' (BBI), Oracle Corp (ORCL)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that Oracle Corporation (NASDAQ: ORCL) has agreed to acquire Hyperion Solutions Corporation (NASDAQ: HYSL) for $52 per share.
- The Wall Street Journal reported, citing people familiar with the matter, that Blockbuster Inc (NYSE: BBI) is in advanced talks to acquire Movielink LLC, an online movie-downloading company owned by major Hollywood studios.
- Also reported in the Wall Street Journal, McDonald's Corporation (NYSE: MCD) is moving closer to adding lattes and cappuccinos to its menu, a move that would be a direct shot at Starbucks Corporation (NASDAQ: SBUX).
- According to the Financial Times (subscription required), DirecTV Group Inc (NYSE: DTV) is considering ways to bundle high speed internet access to its 15 million satellite television customers.
- The Financial Times reported that private equity is "hovering" over Home Depot Inc's (NYSE: HD) wholesale supply business, which could fetch $11B in a sale.
OTHER PAPERS:
- The Detroit News reported that Ford Motor Company (NYSE: F) won a court order forcing diesel engine supplier Navistar to resume shipments to Ford's Louisville plant.
- Investor's Business Daily's "New America" column highlighted bank and broker SWS Group (NYSE: SWS).
Posted Feb 28th 2007 10:00AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Blockbuster Inc 'A' (BBI), Hershey Co (HSY), BP p.l.c. ADS (BP), Merck and Co (MRK)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that the Bush administration has agreed to join in regional talks with Iran and Syria over Iraq, which are being launched by the Iraqi government next month.
- Also in the Wall Street Journal, billionaire investor Carl Icahn is pushing Blockbuster Inc's (NYSE: BBI) board to withhold some of CEO John Antioco's $7.6 million bonus.
- In what could be good news for Merck & Co Inc's (NYSE: MRK) Gardasil vaccine, a study suggested the prevalence of HPV, which can cause cervical cancer, is greater than previous estimates had suggested, reported the Wall Street Journal.
- According to the Financial Times (subscription required), Russia has increased the pressure on a key asset held by TNK-BP, BP p.l.c. ADS's (NYSE: BP) Russia venture, as BP CEO Lord Browne arrived in Moscow for talks of a possible transfer of part of a key asset to the state.
OTHER PAPERS:
- The Economic Times of India reported that confectionery-maker Hershey Company (NYSE: HSY) is acquiring a 51% stake in the food and beverage business of the Godrej group for about $54 million.
- Investor's Business Daily's "New America" column highlighted Radvision Ltd (NASDAQ: RVSN).
Posted Feb 23rd 2007 9:45AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Microsoft (MSFT), Apple Inc (AAPL), India, McDonald's (MCD), Alcatel-LucentADS (ALU)
MAJOR PAPERS:
- The Wall Street Journal (subscription required) reported that Microsoft Corp (NASDAQ: MSFT) has been ordered to pay $1.52B to Alcatel-Lucent (NYSE: ALU) for infringing patents on a fundamental technology for digital music.
- According to the Wall Street Journal's "Heard on the Street" column, shares of India's two largest private sector banking companies, Icici Bank Ltd. (NYSE: IBN) and HDFC Bank (NYSE: HDB), have tripled over the past three years. However, some investors are getting cautious on the stocks as India's central bank has taken tougher steps to rein in lending growth and stanch inflation.
- Barron's Online's (subscription required) "Weekday Trader" suggested investing in companies with modest dividend yields, but a strong cash position and business model, such as outsourcing player Paychex, Inc. (NASDAQ: PAYX), fast-food giant McDonald's Corp. (NYSE: MCD) and insurer Prudential Financial, Inc. (NYSE: PRU).
OTHER PAPERS:
- According to German website Heise Online, Apple Inc (NASDAQ: AAPL) will exhibit at CeBIT, the European version of the CES expo, from March 15 through the 21. Apple will be exhibiting the iPhone, said the site. However, according to German website Computerwoche, Apple has denied that it is participating in CeBIT. (Both links in German)
- Business Week's "Inside Wall Street" column mentioned UnitedHealth (NYSE: UNH), Epix (NASDAQ: EPIX) and LJ International (NASDAQ: JADE) positively.
- Warren Buffet has stirred up interest in UnitedHealth by reportedly buying one million shares in the company.
- Small biotech Epix, which recently signed a deal with GlaxoSmithKline (NYSE: GSK), could double within a year, believe some experts.
- LJ International, which has already risen from slightly over $4 to over $11 since December, may still have room to rise, according to Albert Lee of Maxim Group, who has a $12 price target on the stock.
- Investor's Business Daily's "New America" column highlighted Spartan Stores (NASDAQ: SPTN), the 10th largest grocery distributor in the U.S., which has seen earnings growth in double and triple digits for nine of the past ten quarters.
Posted Feb 22nd 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Microsoft (MSFT), Daimler (DAI), General Motors (GM), Morgan Stanley (MS)
Major Papers:
- According to the Wall Street Journal, General Motors Corp. (NYSE: GM) is considering acquiring DaimlerChrysler's (NYSE: DCX) Chrysler Group, but the company would face massive challenges if it were to take over its longtime rival. People familiar with the matter say GM has not ruled out the idea, however.
- Google Inc (NASDAQ: GOOG) launched a new bundle of services targeted at corporations, but CEO Eric Schmidt said the company is not looking to go "head to head" with Microsoft Corp (NASDAQ: MSFT), the Wall Street Journal reported.
- Barron's Online's "Inside Scoop" column wrote that Encore Acquisition Co. (NYSE: EAC) chairman Jon Brumley bought 40,000 shares of the company for $988,000. "Obviously," Brumley said, "we think the stock is going to move higher."
- The Financial Times reported that Morgan Stanley (NYSE: MS) has bought out its local partner in India, JM, for $445M to up its presence in Asia.
- The Financial Times also reported that EMI Group (OTC: EMIPY) is also exploring alternatives to Warner Music Group Corp.'s (NYSE: WMG) $6B takeover bid for the company. According to people familiar with the matter, no offers appear imminent.
Other Papers:
- Investor's Business Daily's "New America" column focused on online business Bankrate Inc. (NASDAQ: RATE). The company is established, credible, its brand name is known, it has no debt and it has over $100M on its balance sheet.
Posted Feb 21st 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Internet, Google (GOOG), Yahoo! (YHOO), Pfizer (PFE), Wal-Mart (WMT)
MAJOR PAPERS:
- According to the Wall Street Journal (subscription required), four months after acquiring YouTube, Google Inc (NASDAQ: GOOG) is struggling to find allies in the television business.
- The Journal's "Heard on the Street" column focused on Mylan Labs (NYSE: MYL), which it said could have "room to run" depending on a key court battle with Pfizer Inc (NYSE: PFE) which it may learn the results of any day.
- According to the online edition of Barron's (subscription required), the Street isn't giving enough credit to GlaxoSmithKline (NYSE: GSK), which has an industry-leading pipeline and profits poised to increase in 2008.
- The Financial Times (subscription required) reported that Wal-Mart Stores (NYSE: WMT) is pressuring its suppliers to better represent women and minorities on the teams that handle Wal-Mart's business.
- The Financial Times also reported that Warner Music Group (NYSE: WMG) has made peace with independent record labels, which could clear the way for the company to make a $6B bid for EMI Corp (OTC: EMIPY).
OTHER PAPERS:
- Investor's Business Daily's "New America" column mentioned Sina Corp (NASDAQ: SINA) positively, saying Sina is the top search engine in China, beating both Google Inc and Yahoo Inc (NASDAQ: YHOO). With e-commerce gaining momentum in the country with a larger population than any other, Sina and analysts have very high hopes for increasing advertising sales in the next two years.
Posted Feb 12th 2007 9:20AM by Eric Buscemi (RSS feed)
Filed under: Newspapers, Magazines, Google (GOOG), Bristol-Myers Squibb (BMY), , MasterCard Inc'A' (MA)
MAJOR PAPERS:
- In today's Wall Street Journal (subscription required):
- Top Banker Woody Young has left Lehman Brothers Holdings Inc (NYSE: LEH), according to people familiar with the matter.
- Google Inc (NASDAQ: GOOG) may have benefited from piracy, according to media companies.
- Tribune Company (NYSE: TRB) is leaning away from accepting offers from outside bidders and may restructure on its own.
- According to Saudi Arabian Oil Minister Ali Naimi, the world oil market is in "much, much better health and balance" now and, if trends hold, there will be no need for further production cuts or increases in supply when members of the Organization of Petroleum Exporting Countries meet next month.
- The Financial Times (subscription required) reported that MasterCard Inc (NYSE: MA) is expected to announce a pilot program with the GSM Association that will allow migrant workers to use cellphones for international money transfers.
- The Deutschland edition of the Financial Times reported that Private Equity is looking at Infineon Technologies ADS (NYSE: IFX).
OTHER PAPERS:
- According to the U.K. Times, Sanofi-Aventis ADS (NYSE: SNY) has called off talks with Bristol-Myers Squibb Company (NYSE: BMY) over a potential deal.
- The Washington Post reported that thousands of Army Humvees are lacking the Frag Kit 15 armor upgrade, which is not anticipated to be completed until this summer.
- Investor's Business Daily's "The New America" column highlighted Web conferencing leader WebEx Communications Inc (NASDAQ: WEBX).
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