It can be tough running an auction in the best of times — and that certainly isn’t now. But some assets almost sell themselves.
The Chicago Cubs is one of the latter auctions. Finding a buyer for the team, network and field is a drawn out process, but that isn’t to do with lack of interest, more the […]
Posted on July 21st, 2008 by
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After weeks, if not months, where the market’s focus alternatively shifted from financials to crude and back, Monday brought something (almost) completely different as pharmaceutical stocks dictated much of the day’s action.But the post-close news will li
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From Silicon Alley Insider, July 21, 2008:Apple (AAPL) smashed its June quarter but September quarter guidance is very low. Why? No clues in Apple’s release, but we’ll pay close attention to Apple’s conference call, which we’ll cover
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The SEC’s controversial effort to crack down on naked shorting of 19 select financial stocks went into effect Monday with little fanfare, as much of the impact was felt last week.To recall, the affected stocks gained an average of 12% on Wednesday, the da
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Investors in Countrywide’s debt got an unhappy reminder on Monday that the mortgage lender’s acquisition by Bank of America did not necessarily mean that their money was safe.
Bank of America Chief Financial Officer Joe Price said on a conference call that the bank does not intend to guarantee Countrywide’s public debt, spooking investors and sending […]
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From Silicon Alley Insider, July 21, 2008: XM Satellite Radio’s (XMSR) imminent merger with rival Sirius (SIRI) hasn’t stopped people from signing up for satellite radio service. XM said today that it signed up 322,000 net new subscribers during Q2 for a
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The recovery in financial stocks resumed Monday — albeit without the ferocity evident late last week — after stronger-than-expected results from Bank of America.BoA reported second-quarter earnings of 72 cents per share vs. the consensus estimate of 53
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Yahoo chief Jerry Yang has fended off Carl Icahn’s pending proxy fight, but the billionaire activist investor isn’t going away. In the aftermath of a deal struck between the two to end Icahn’s pending proxy fight, eight Yahoo board members are set to stand for re-election, including Roy Bostock, Ronald Burkle and Yang. Activision Blizzard […]
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