Archive for March, 2007

  • Slower Earnings Growth
    , March 31st, 2007 at 11:49 pm

    I think I’ve been too optimistic regarding earnings growth for this year. I thought there was a chance that profit growth could come in lower-than-expected, [...]

  • Biomet’s CFO Resigns
    , March 31st, 2007 at 8:29 pm

    More backdating: Biomet Inc. said Friday its chief financial officer and another executive resigned after an internal inquiry found accounting errors related to stock option [...]

  • Asset Managers
    , March 30th, 2007 at 3:37 pm

    The old saying is true, it’s better to buy the stocks of asset managers than their funds.

  • University May IPO
    , March 30th, 2007 at 1:45 pm

    No, really. In India: When finance minister P Chidambaram said he wanted to make Mumbai Asia’s financial hub, he certainly wouldn’t have imagined the folks [...]

  • Highlights from Yesterday’s Demonstration
    , March 30th, 2007 at 12:11 pm

    In case you missed it, there was a demonstration on Wall Street yesterday. Don’t worry, PinkNews was on the scene: The crowd swelled at the [...]

  • The Great Corn Boom
    , March 30th, 2007 at 11:33 am

    Fortune looks at the dramatic rise in the price of corn: Four-dollar corn. The price probably doesn’t mean much to many Fortune readers, certainly not [...]

  • Take-Two Shareholders Win
    , March 30th, 2007 at 10:26 am

    Good for them. A group of Take-Two Interactive Software Inc. shareholders owning 46.1% of the videogame maker’s stock succeeded in removing the board and replacing [...]

  • Solengo Capital Takes on Internets
    , March 29th, 2007 at 12:27 pm

    Yesterday, DealBreaker and Naked Shorts posted the marketing brochure for Solengo Capital, the new hedge fund started by Brian Hunter, who happens to have the [...]

  • Q4 GDP Revised to 2.5%
    , March 29th, 2007 at 8:52 am

    The economy grew by 2.5% for the fourth quarter (technically, it was 2.452%). Three percent is the Magic Line in GDP growth. Once the economy [...]

  • Wall Street and the Subprime Market
    , March 29th, 2007 at 8:34 am

    In today’s Wall Street Journal, Gregory Zuckerman has a great article on the decline and fall of New Century Financial: In February, New Century mortgages [...]

  • Bernanke’s Testimony
    , March 28th, 2007 at 4:13 pm

    This is from Bernanke’s statement today: Thus far, the weakness in housing and in some parts of manufacturing does not appear to have spilled over [...]

  • City to Wal-Mart: Drop Dead
    , March 28th, 2007 at 11:24 am

    The New York Times reports that Wal-Mart‘s (WMT) CEO Lee Scott told the paper that expanding into the Big Apple isn’t “worth the effort.” He [...]

  • 80,000%
    , March 28th, 2007 at 7:01 am

    Charts don’t get much better than Stryker‘s (SYK): The stock hit a new all-time high last week. The company’s goal has been to grow by [...]

  • Blankfein: “We happen to have as a firm a terrific relationship with Blackstone”
    , March 27th, 2007 at 2:48 pm

    We’re just going to start another gigantic buyout fund of our own, that’s all. Goldman Sachs Group Inc.’s sixth buyout fund may top $20 billion, [...]

  • Blackstone Will Trade Under BX
    , March 27th, 2007 at 2:23 pm

    It’s official, the Blackstone ticker symbol will be BX. Deal Journal considered some others: No-gos: BLK. Logical as it sounds, it isn’t available. BlackRock, the [...]

  • Home Prices Show Year-Over-Year Decline
    , March 27th, 2007 at 2:10 pm

    From Bloomberg: U.S. home prices fell in January for the first time in at least six years, a private report showed today. A measure of [...]

  • The Nasdaq 100 Seven Years On
    , March 27th, 2007 at 8:36 am

    The Nasdaq Composite (^IXIC) peaked on March 10, 2000 at 5,048.62, but the Nasdaq 100 (^NDX) reached its peak seven years ago today, March 27, [...]

  • Coke Punk’d Its Own Lawyers
    , March 26th, 2007 at 3:27 pm

    Coca-Cola (KO) hired two actors to portray brand managers who ask Coke’s real lawyers if they could sue the company because Coke Zero is too [...]

  • Citigroup to 15,000 Jobs
    , March 26th, 2007 at 12:02 pm

    Chuck Prince is in India, and the New York Times tagged along: Mr. Prince’s stop in India comes just weeks before Citigroup will announce a [...]

  • Warren Watches His Buddy LeBron
    , March 26th, 2007 at 7:12 am

    LeBron James invited a buddy who has even more money than he does to watch him play. Billions and billions more. Philanthropist and businessman Warren [...]