Grey Wolf is licking its wounds after shareholders of the U.S. oil driller rejected the company’s proposed buyout of oil services firm Basic Energy Services on Tuesday.
Grey Wolf’s shareholders were likely banking on a takeover offer from Canada’s Precision Drilling Trust, which had previously bid $10-a-share for the company and said that the offer would […]
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The technically driven, led-by-financials bounce many traders have been predicting for days (if not weeks) arrived in full bloom on Wednesday.Financial stocks were big winners, thanks to
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From Silicon Alley Insider, July 16, 2008:eBay’s Q2 was in line
with expectations, but Q3 guidance is weak, and will disappoint; shares
are down 6% after hours. Sales increased 20% year-over-year, and net
income jumped 22%, aided by share buybacks. ..
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If crisis (and chaos) breeds opportunity, Tuesday was a prime day to get long stocks — as Wednesday’s robust rally seems to suggest.In an extraordinary series of events,
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Sprint Nextel Corp seems to have a tough time no matter what it tries to do.
Shares of Sprint and South Korea’s SK Telecom Co fell on news the telecommunications companies were in talks for a technology collaboration after previous efforts at a deal had collapsed.
Shares of Sprint lost almost 4 percent in afternoon trading on […]
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General Motors Corp, which has lost $51 billion in the last three years (yes, that’s right, $51 billion) and is trying to cut costs and restructure yet again, said yesterday it will try to sell up to $4 billion in assets.
That’s a lot of $$ to raise from asset sales. In fact, it’s almost as much as the […]
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As Yahoo’s Aug. 1 shareholder meeting draws near, there’s a lot of
speculation about the fate of CEO Jerry Yang. The media has focused on
shareholder anger and the intense feuding among Yang, Steve Ballmer, and Carl Ichan.But behind the scenes, some of
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AOL is shaping up to be the big winner of the latest breakdown in talks between Microsoft and Yahoo. Talks among all three firms is heating up this week after Yahoo rejected Microsoft’s latest search bid, according to various reports. …
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