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July 23, 2009
Bristol-Myers Squibb (BMY) agreed to acquire Medarex (MEDX) for 16 dollars per share in cash, in a deal valued at approximately 2.1 billion dollars.  Medarex’s technology platform ...
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July 23, 2009
After VMware (VMW) reported better-than-expected earnings last night, Barclays increased its price target from $25 per share up to $30 per share, an increase of 20%.  Results ...
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July 23, 2009
Online auction site eBay (EBAY) posted a decline in earnings Wednesday after the bell, but beat analyst estimates, with $327.3 million, or 25 cents per share in net income.  That ...
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July 22, 2009
This morning, Morgan Stanley (MS) declared its quarterly dividend of five cents per share.  This amounts to about a twenty five percent reduction to the quarterly dividend when ...
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July 22, 2009
Some household names out with earnings today include Pepsi and Whirlpool.  Whirlpools second quarter profit fell by a third, to $78 million or $1.04 per share, as compared to ...
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July 21, 2009
The solar sector is seeing strong gains this afternoon after China’s Ministry of Finance said the government would begin to offer subsidies for independent solar power ...
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July 21, 2009
UAL Corporation (UAUA), the parent of United Airlines, managed to post a $28 million second-quarter profit on Tuesday, totaling 19 cents per share. Compare that to a $2.7 billion loss a year ago.
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July 21, 2009
Investors are all ears this morning... onsanto and Dow Chemical shares are up today on news that they won regulatory approval for their SmartStax genetically modified corn seed.
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July 20, 2009
Johnson Controls (JCI) shares are trading higher Monday despite a plunge in earnings. Net income for the auto parts manufacturer fell to $163 million, or 26 cents per share in the fiscal third ...
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July 20, 2009
Analysts at Goldman Sachs (GS) have raised their 2009 price target for the S&P 500 from 940 up to 1060, almost thirteen percent higher than the previous estimate.  The firm ...
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July 20, 2009
Bank of America (BAC) shares were downgraded this morning by Foxx-Pitt Kelton from Outpeform to In Line after the bank reported earnings last week.   The firm believes major banks ...
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July 20, 2009
The latest Harry Potter movie cast a spell at the box office this weekend.  "Harry Potter and the Half Blood Prince" made $159.7 million in North America ...
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July 20, 2009
Asian and European markets are up on renewed economic optimism. CIT avoids bankruptcy by agreeing to a $3 billion rescue package with creditors.
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July 17, 2009
US markets soar amid a flood of positive earnings reports. Gold and gold miners jump in price on renewed inflationary fears.
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July 17, 2009
After Biogen (BIIB) reported better than expected earnings yesterday, BMO downgraded the company from Outperform to Market Perform.  Goldman Sachs disagreed and maintained its Buy ...
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July 16, 2009
AIG (AIG) shares down 10% in early Thursday morning trading.  The company said it would accelerate the separation of its American Life Insurance Company segment into an independent ...
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July 16, 2009
Nomura downgraded shares of Philip Morris (PM) this morning from Buy to Neutral as the firm believes the current share price has fully realized the positive fundamentals derived from the spin off ...
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July 16, 2009
Harley-Davidson (HOG) announced a profit of 8 cents per share for the second quarter.  The company remained profitable despite a 30% drop in retail unit sales compared to the same ...
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July 16, 2009
Cypress Semiconductor Corporation announced a second-quarter loss.  The chip maker reported a loss of $45.3 million at 32 cents per share.
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July 15, 2009
Despite Microsoft’s (MSFT) $100 million marketing budget for its newly-designed search engine Bing, the company failed to make a dent in Yahoo (YHOO) and Google's (GOOG) market ...
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