Latest Buzz
Microsoft ([[MSFT]] +0.9%) expects the first batch of smartphones running its Mango OS, which includes improved Web browsing and email, to arrive on the market in Q4. Several handset makers are due to install Mango, including Samsung Electronics (SSNLF.PK)
05/31/2011 08:09:18
Microsoft (MSFT +0.9%) expects the first batch of smartphones running its Mango OS, which includes improved Web browsing and email, to arrive on the market in Q4. Several handset makers are due to install Mango...
JPMorgan initiates coverage of Air Lease
05/31/2011 08:07:17
JPMorgan initiates coverage of Air Lease (AL +0.4%) with a Neutral, noting that "AL's earnings trajectory is both visible and meaningfully ahead of its peers" but the stock's "premium valuation already reflects...
IMF presidential candidate Christine Lagarde, on a world tour of emerging markets to shore up support she really doesn't need, pledges reforms that would give these nations a voice in the organization commensurate with their growing economic clout.
05/31/2011 08:01:57
IMF presidential candidate Christine Lagarde, on a world tour of emerging markets to shore up support she really doesn't need, pledges reforms that would give these nations a voice in the organization commensur...
On the hour: S&P +0.81%. 10-yr -0.15%. Euro +0.68% vs. dollar. Crude +1.46% to $102.06. Gold -0.02% to $1537.00.
05/31/2011 08:00:55
On the hour: S&P +0.81%. 10-yr -0.15%. Euro +0.68% vs. dollar. Crude +1.46% to $102.06. Gold -0.02% to $1537.00. Post your comment!...
Volkswagen (VLKAY.PK) triggers a mandatory takeover offer for MAN by upping its stake to over 30% as it looks to create Europe's largest truck maker by joining MAN with Scania (SVKBF.PK). VW's ;95 a share bid values MAN at ;13.8B
05/31/2011 07:56:42
Volkswagen (VLKAY.PK) triggers a mandatory takeover offer for MAN by upping its stake to over 30% as it looks to create Europe's largest truck maker by joining MAN with Scania (SVKBF.PK). VW's €95 a share bid...
About the only red on the commodity screen this morning is wheat, which is tumbling following Russia's decision end its export ban on July 1. July futures -2.5% to $8.00/bushel.
05/31/2011 07:51:31
About the only red on the commodity screen this morning is wheat, which is tumbling following Russia's decision end its export ban on July 1. July futures -2.5% to $8.00/bushel. Post your comment!...
Activision Blizzard
05/31/2011 07:47:52
Activision Blizzard (ATVI) plans to set up a monthly subscription service with extra content for its 'Call of Duty' video game as it looks to exploit the massive popularity of the title. The previous edition of...
NYSE (NYX) plans to create two parallel clearing services if it buys LCH.Clearnet and if its merger with Deutsche Boerse (DBOEY.PK), which owns Eurex Clearing, goes through. NYSE partnered with Markit in talks about a joint bid for LCH.Clearnet, a source s
05/31/2011 07:42:29
NYSE (NYX) plans to create two parallel clearing services if it buys LCH.Clearnet and if its merger with Deutsche Boerse (DBOEY.PK), which owns Eurex Clearing, goes through. NYSE partnered with Markit in talks ...
South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand strengthen on the news, bringing the currency's gain to nearly 5% since the February lows. Growth is still well below the 7% figure hoped for by the government. [[EZ
05/31/2011 07:39:10
South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand strengthen on the news, bringing the currency's gain to nearly 5% since the February lows. Growth is still well below t...
Goldman Sachs
05/31/2011 07:30:29
Goldman Sachs (GS +1.5%) offered Libya's sovereign-wealth fund the chance to become one of its largest shareholders after the bank lost almost $1.3B of the fund's money in equity and currency trades during the ...
KKR (KKR) is buying Academy Sports for an undisclosed sum. Academy Sports had $2.7B in 2010 revenue.
05/31/2011 07:28:13
KKR (KKR) is buying Academy Sports for an undisclosed sum. Academy Sports had $2.7B in 2010 revenue. (PR) Post your comment!...
German unemployment continued to fall in May, but at a slightly slower pace than forecast. The number of people out of work dropped 8K, bringing the unemployment rate to 7%, the lowest figure since German reunification in 1991.
05/31/2011 07:27:36
German unemployment continued to fall in May, but at a slightly slower pace than forecast. The number of people out of work dropped 8K, bringing the unemployment rate to 7%, the lowest figure since German reuni...
Central Vermont Public Service
05/31/2011 07:21:33
Central Vermont Public Service (CV) jumps 35% premarket to $32.85 after yesterday's news that it will be acquired by Fortis for $470M, or $35.10/share. Post your comment!...
Not participating in today's "risk on" rally is the Australian dollar, which falls 1% in the wake of a report showing export volumes plummeting 8.7% in Q1. Another report shows house prices continue to fall, with higher-end property particularly hard hit.
05/31/2011 07:21:05
Not participating in today's "risk on" rally is the Australian dollar, which falls 1% in the wake of a report showing export volumes plummeting 8.7% in Q1. Another report shows house prices continue to fall, wi...
Goldman Sachs (GS) upgraded to Overweight from Neutral at JPMorgan, with a new price target of $175. Shares +0.9% to $139.89.
05/31/2011 07:16:43
Goldman Sachs (GS) upgraded to Overweight from Neutral at JPMorgan, with a new price target of $175. Shares +0.9% to $139.89. (see also) Post your comment!...
Eurozone inflation unexpectedly drops in May to 2.7% from 2.8% previously, according to a preliminary estimate from Eurostat. Economists attribute the fall to a drop in oil prices and the end of the 'late Easter' effect.
05/31/2011 07:15:19
Eurozone inflation unexpectedly drops in May to 2.7% from 2.8% previously, according to a preliminary estimate from Eurostat. Economists attribute the fall to a drop in oil prices and the end of the 'late Easte...
Sony
05/31/2011 07:12:59
Sony (SNE +0.4%) plans to restore its PlayStation Network services by this weekend for all locations outside of Japan, Hong Kong and South Korea. Since the major hack attack in April, Sony says it has added "co...
Broadcom Secures Cloud Computing with Its SoC Family
05/31/2011 07:02:11
Broadcom Secures Cloud Computing with Its SoC Family Broadcom has announced two additions to its security system-on-a-chip (SoC) family that effectively secure tablet, PC, and Cloud Computing. The global provid...
On the hour: S&P +0.92%. 10-yr -0.22%. Euro +0.82% vs. dollar. Crude +1.67% to $102.27. Gold +0.05% to $1538.00.
05/31/2011 07:00:28
On the hour: S&P +0.92%. 10-yr -0.22%. Euro +0.82% vs. dollar. Crude +1.67% to $102.27. Gold +0.05% to $1538.00. 1 comment!...
Fitch downgrades Cyprus to A- from AA- because of "the severity of the crisis in neighboring Greece and the risk this poses for the Cypriot banking system and consequently the public finances of Cyprus." Cyprus has a sizeable banking system, equivalent to
05/31/2011 06:38:46
Fitch downgrades Cyprus to A- from AA- because of "the severity of the crisis in neighboring Greece and the risk this poses for the Cypriot banking system and consequently the public finances of Cyprus." Cyprus...
