Archive for the 'Rumors' Category
Greenberg scoffs at Bear liquidity crunch rumors
On CNBC nowadays, Alan “Ace” Greenberg scoffed at the notion that Bear Stearns (NYSE:BSC)was on the brink of a liquidity crisis. But the protestation wasn’t sufficient to stem the fall of the stock price to $62.21, its lowest level since March 2003, according to Bloomberg.
Despite the denial,…
Facebook rumored to add music service
Billboard reported yesterday that Facebook is “reaching out to the major labels and scheduling meetings to discuss the potential implementation of a music acquisition service with the popular social networking site.” The music trade magazine plus famous that Facebook has been rumored to take that ac…
InterActive Corp. (IACI) planning to dump Ask.com’s search technology?
Will InterActive Corp. (NASDAQ: IACI) be dumping its search and knowledge portal Ask.com? Sort of, according some insider accounts. It wouldn’t be jettisoning Ask.com entirely — it would just be getting rid of the technology that powers the search engine’s results. The engine behind Ask.com, Te…
Will Chase (JPM) or Wells Fargo (WFC) buy WaMu (WM)?
It has been rumored for the past couple of months or so that J. P. Morgan Chase (NYSE: JPM) has been pondering the acquisition of downtrodden Washington Mutual (NYSE: WM) and may have had some preliminary discussions. I have been thinking that Wells Fargo (NYSE: WFC) might have more than a passing…
Salesforce.com (CRM) soars on buyout rumors
Salesforce.com (NYSE: CRM) shares are higher nowadays after a Piper Jaffray analyst reiterated his Buy rating and $70 price target on the stock, citing increased user satisfaction and the potential of higher revenues with the company’s adoption of the AppExchange program. But the real excitement on …
Dell and Google planning phone partnership?
Although it seems like a expanded shot that Dell, Inc. (NASDAQ: DELL) could end up buying the wireless handset division of Motorola, Inc. (NYSE: MOT), the company may indeed end up fitting a player in the wireless industry one way or another. At the least, Dell may want to hook up with a larger …
Icahn builds stake in J.C. Penney
Struggling retailer J.C. Penney Company, Inc. (NYSE: JCP) has reportedly attracted the interest of renowned bottom-feeder (I mean that as a compliment!) Carl Icahn.
According (subscription required) to the Wall Street Journal, “While the exact size of the stake in the 105-year-old retailer is…
Sprint’s Hesse looks to restructure WiMAX arrangement
Sprint Nextel Corporation (NYSE: S)’s Dan Hesse hasn’t been the CEO for very expanded, but he’s wasting no day making a bunch of changes at the beleaguered wireless company. First off, he announced a slew of layoffs and three executive dismissals as a way to cut costs and bring in fresh blood to…
Circuit City shares spike 33% on takeover talks, thereupon settle back down
When Mark Wattles stepped up his holdings in consumer electronics retailer Circuit City Stores, Inc. (NYSE: CC) final week, shares in the retailer jumped by 33% to $5.04 Tuesday-Wednesday final week. Circuit City’s share price has settled back down to $4.74 that wee hours — still a gain of by 2…
Is Wilbur Ross nuts? Roddy Boyd thinks so
With shares of Ambac Financial Group (NYSE: ABK) in the toilet amid concerns about the company’s credit rating, billionaire investor Wilbur Ross is mulling an investment in the company.
Fortune writer Roddy Boyd sums up his reaction in the headline: “Has Wilbur Ross lost his intellect?”
He…
Will Wilbur Ross buy Ambac (ABK)?
Shares in Ambac have fallen from a 52-week …
EMI may sell sponsorships for artists
While privately-held EMI Group announced plans yesterday to cut around 2,000 jobs worldwide, the company additionally announced intentions to allow corporate sponsors to type artists. According to British music journal NME, the plan will encompass connections to new releases from such large name…
Hewlett-Packard gunning for more home entertainment revenue — why?
Although computer giant Hewlett-Packard Corp. (NYSE: HPQ) has had its neck in the home entertainment arena for fairly some moment, the world’s largest tech company wants to throw its past in the bucket and really ramp up home products. that is based on what the company unveiled at that week’s Co…
Lessons from Countrywide: How investors should reply to rumors
The rumors that sent shares of Countrywide Financial (NYSE: CFC) up more than 50% yesterday were extraordinarily indistinct. nearly laughably so, according to some reports. From the Washington Post coverage:
The deal, rumored for months, could come “very soon,” although it could be delayed or…
