From ClusterStock, Sept. 16, 2008:Has anyone seen the language in the Bank of America-Merrill merger agreement? We haven’t. But given that Merrill’s stock
continues to tank — and take BofA down with it — we wonder what kinds of
“outs” Bank o
Sphere: Related Content
Posted on September 16th, 2008 by
Filed under: stock news | No Comments »
Check out Longs Drugs’ share price now that it’s got a new suitor.
Longs, the drug store chain with a heavy concentration of stores in California, got a surprise offer from Walgreen late on Friday that topped its previous buyout agreement with rival CVS Caremark.
Longs shares opened on Monday ahead more than 5 percent to $75.80, […]
Posted on September 16th, 2008 by
Filed under: options news, stock news | No Comments »
From Silicon Alley Insider, Sept. 16, 2008:Last month Dell blew its earnings goals and warned of lousy times ahead: It said IT spending was no longer bad just in the U.S., but that the malaise was spreading across Europe and parts of Asia, too. …
Sphere: Related Content
Posted on September 16th, 2008 by
Filed under: stock news | No Comments »
Lehman’s most valuable assets, primarily Neuberger Berman, are still on the block, but becoming less valuable by the hour with the bank having filed for bankruptcy protection. And with Merrill Lynch now heading for the relative safety of Bank of America’s $50 billion embrace, it’s time ask “Who is next and how?” Most attention is […]
Posted on September 16th, 2008 by
Filed under: options news, stock news | No Comments »
From ClusterStock.com, Sept. 16, 2008: The rating agencies finally downgraded AIG last night, which means the company immediately has to come up with $14.5 billion of capital it doesn’t have.The government is trying to broker an astoundingly large lo
Sphere: Related Content
Posted on September 16th, 2008 by
Filed under: stock news | No Comments »
Lehman Brothers employees carried out boxes of their possessions on Sunday night in New York as bankruptcy became inevitable. View the rough cut video from Reuters.
Sphere: Related Content
Posted on September 16th, 2008 by
Filed under: options news, stock news | No Comments »
From ClusterStock.com, Sept. 16: Goldman Sachs (GS) actually made money in Q3, posting EPS of $1.81 versus a $1.71 consensus. Revenue was slightly light–$6.04 billion against a consensus of $6.23 billion — but relative to the rest of the industry, it’s
Sphere: Related Content
Posted on September 16th, 2008 by
Filed under: stock news | No Comments »
After months of trying to sell its rail leasing business, CIT pulled the plug on the auction, saying it no longer needed to do so.
CIT decided to keep its $4.5 billion rail franchise as a result of the progress it had made managing its balance sheet and strengthening its liquidity position, it said.
“We are very […]
Posted on September 16th, 2008 by
Filed under: options news, stock news | No Comments »
