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Merck & Co., Inc. (NYSE: MRK) barely has its Schering-Plough deal behind it. And today came the announcement of its dividend rate, but more importantly came word of a large share repurchase program. The quarterly dividend for common stock is remaining at $0.38 per quarter, which gives a ...
Stocks
Merck & Co.
NYSE
Schering-Plough
The November 3 to 4 Minutes of the FOMC meeting are now out, and as you have been told over and over (and over and over)…. It has the flexibility to keep rates low for an extended period of time. But what is of interest is the new FOMC outlook figures for what lies ahead [...]
...
Government
Unemployment
Federal Open Market Committee
Inflation
Gross Domestic Product
Ciena Corp. (NASDAQ: CIEN) is trading higher today after its buyout of the Nortel assets. Continuing to pick on it about the risks, the leverage, and the potential inversion of the balance sheet can’t be said anymore than what was written yesterday at Investorplace.com . It is possible ...
Stocks
We recently discussed the changes that have been taking place inside Berkshire Hathaway Inc. (NYSE: BRK-A) as Warren Buffett has been going higher up the food chain. In his more focused and more opaque approach, it also seems that after a $44 billion deal including debt to buy Burlington ...
Stocks
Universal Banking
Financial Crisis
NYSE
General Electric Co. (NYSE: GE) has seen at least some decent trading action today, despite the softness in the market. The stock was reaffirmed as “Overweight” at JPMorgan, but the research call sounded much more positive than the same $17.00 price target. The firm believes hot ...
Stocks
It seems that the healthy banks will get to come up with new funds all over again to protect the unhealthy banks, or maybe it is the regionals and community banks which will get to fund the problem. Or with any luck, the taxpayers can get to participate in the misery here. The Federal Deposit ...
Government
FDIC
Universal Banking
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning.
Exceed Co. (NASDAQ: EDS), the Chinese apparel maker brought public through 2020 ChinaCap Acquiro, announced that it will ...
Stocks
NASDAQ
Electronic Data Systems
Updated throughout the day.
Playboy (NYSE:PLA) may outsource many of its publishing operations. (WSJ)
Cadbury (NYSE:CBY) may counter the Kraft (NYSE:KFT) big by making an offer for Kraft’s confectionery business. (NYPost)
Palm (NASDAQ:PALM) board member Rajiv Dutta may join Elevation ...
Stocks
Palm
Freddie Mac
These are this morning’s top day trader and active trader alerts seen in early pre-market trading. We have more details and analysis on each stock available in links over at VSInvestor.com:
Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) was up 10% on an analyst upgrade by Barclays.
Brocade ...
Stocks
TiVo
NASDAQ
Day Trader
American Greetings
This morning we just received the first revision to third quarter Gross Domestic Product. The original unrevised figure was reported +3.5% for Q3, and the revision came in at +2.8%. Bloomberg had a consensus estimate of 2.8% for today’s revised data, while Dow Jones was at 2.7%.
The ...
Commodities
Recession
Gross Domestic Product
Michael Bloomberg
Dow Jones & Company
Jon Corzine
These are this Tuesday morning’s top 10 analyst upgrades, downgrades, and initiations we have seen early this morning in Wall Street research calls:
Activision Blizzard (NASDAQ: ATVI) Started as Outperform at Wells Fargo.
Amylin Pharmaceuticals (NASDAQ: AMLN) Raised to Overweight at ...
Stocks
NASDAQ
NYSE
Wells Fargo
Activision
Cephalon
Electronic Arts
Car sales may slip over the next few months, but not every company will be effected equally. New research from ChangeWave shows that the bankruptcy and turmoil around GM and Chrysler is keeping buyers away from the brands.
The September 22-29 ChangeWave survey of 2,025 respondents shows Ford The ...
Stocks
Ford Motor Company
Chrysler
Hewlett-Packard (NYSE:HPQ) is the latest large American company to announced it would buyback many more of its shares. This has become popular once again among the cash rich in the Fortune 500. McDonald’s (NYSE:MCD) and IBM (NYSE:IBM) have become particularly aggressive.
The ...
Stocks
Hewlett-Packard
By Douglas A. McIntyre
There have been a number of attempts to come up with a figure about how many U.S. home mortgages are underwater — in other words, the value of the home loan is more than the value of the house.
All estimates are bound to be wrong because no one has had the time [...] ...
Other
Housing Market
MasterCard Spending Plus, which tracks retail sales, say that consumer electronics products are moving off the shelves of store by women’s apparel is not. A Wall Street Journal analysis of the data for the first two weeks of November shows that purchases of electronics rose 8.1%. Purchase ...
Stocks
Retail Industry
MasterCard
The rich will shop early this year. The poor will shop late. The edge will probably go to the poor when the amount of national holiday sales is tallied at the end of the year.
Consumer Edge Research surveyed 2,600 people to determine their shopping habits. Reviewing the study, Reuters reported ...
Other
Retail Industry
The Fed wants the taxpayer’s money back. It has asked nine large banks, including Bank of America (NYSE:BAC), to give it a time table for when they will repay TARP funds. All of these banks were put through the government’s stress test of bank financial health earlier this ...
Government
TARP
Universal Banking
Federal Reserve
Reuters: Hewlett-Packard’s (NYSE:HPQ) profit was up 14% and the company will triple its share buyback.
Reuters: Banks have been asked to give the government their TARP repayment plans.
Reuters: Rich people are likely to shop early this year.
Reuters: The US pitched the F-35 fighter ...
Stocks
Michael Bloomberg
TARP
Market in Asia were broadly lowere with Shanghai B shares down 7.3%.
The Nikkei dropped 1% to 9,402. Japan Air hit a record low.
The Hang Seng was down 1.5% to 22,423. The Bank of China was down 4.4%
The Shanghai Composite fell 3.5% to 3,224.
At the open in Europe, the FTSE was off .8% to 5,311. ...
Other
Hewlett-Packard Co. (NYSE: HPQ) had already given its guidance for today’s earnings just two weeks ago when it announced the surprise acquisition of 3Com Corp. (NASDAQ: COMS). But that doesn’t keep traders from looking through the numbers. H-P posted $1.14 EPS on $30.78 billion in ...
