First, let’s dispense with the caveat that the market was “due” for a bounce, either for technical reasons as Minyanville’s Kevin Depew predicted this morning, or simply because it had come down a long way in a short period. Bounce it did, with
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Anheuser-Busch has tried all the usual tactics to defend itself against the unwanted $46.3 billion takeover bid by InBev NV, but now it has resorted to more inventive means.
The brewer of the iconic American beer, Budweiser, has sued InBev and called the Belgian’s beer company’s takeover attempt an “illegal plan and scheme” to acquire Anheuser […]
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Merrill Lynch raised more than $12 billion in December and January, but the capital offerings included an unusual feature: a promise to protect the investors from future capital raising.
Those provisions are limiting Merrill Lynch’s choices now as it looks to raise capital. If Merrill were to try to offer more than $1 billion of equity […]
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Oil prices have dropped $9 since reaching a record of near $146 a barrel last week. On Tuesday, the stock market responded to oil’s drop (and Ben Bernanke’s comments) as most people expect - with a sharp rally. But even as he
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Staples shares were slipping Tuesday in sympathy with competitor Office Depot, whose shares tumbled after its mid-morning profit warning. Ahead of Office Depot’s red flag, I sat down with
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As the first Dow component to report, Alcoa kicks off the unofficial start to second-quarter earnings season after the close today. Expectations are low generally for Alcoa and for earnings season overall. Analysts are looking for the aluminum giant to su
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Fears about Fannie Mae and Freddie Mac retreated somewhat Tuesday after their federal regulator, OFHEO Director James Lockhart, said new accounting rule changes should make “no difference in the risks of the two firms.” On Monday, Freddie and Fa
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From Silicon Alley Insider, July 8, 2008: The bottom just fell out of virtualization software firm VMware: Shares are down some 26% to $39.33 after the company ankled its CEO and said full-year revenues will fall short of expectations. …
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