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Yahoo Fires Back at Dan Loeb’s Third Point

Yahoo released a new letter this morning saying that the board is confident that shareholders will see that it is not a good idea to vote for an activist “slate” that Daniel Loeb and Third Point are pushing for.  This […]

Wynn Latest Company to Join Casino Boom in Macau

Wynn Latest Company to Join Casino Boom in Macau

Wynn’s (WYNN) Macau subsidiary, Wynn Macau Ltd (HKG:1128) has been granted official approval for the construction of a major new hotel and casino development on the firm’s 51 acre location in the Cotai area of Macau. The firm plans to construct a […]

Wednesday Morning Market, Company and Economic News

Wednesday Morning Market, Company and Economic News

Every morning we put out a news report with the latest news in global stock markets, company news, and global economic news. Morning Market Update   Market Levels US:  Dow Futures: 13164.00 (-0.41%), S&P 500 Futures: 1394.00 (-0.46%), NASDAQ Futures: 2703.00 […]

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What’s the short term plan for the EU?

What’s the short term plan for the EU? Sometimes it is smart to look, at the more humble news stories in obscure papers. It just might make some pieces fall into place: A quote from a European Newspaper “Margrethe Vestager […]

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Eddie Lampert is only one Who Can Rescue Sears

  Commentary below on Sears Holdings Corporation (NASDAQ:SHLD) , first the news: HOFFMAN ESTATES, IL – In advance of its annual meeting of shareholders to be held on May 2, 2012, Sears Holdings Corporation (Nasdaq:SHLD) today announced its expected first quarter 2012 […]

Bill Ackman Photo via InsiderMonkey, Flickr (CC BY-ND 2.0)

Ackman sells FBHS and FDO, Einhorn Buys Oaktree

Pershing Square Capital Management recently exited Fortune Brands Home & Security Inc (NYSE:FBHS) and Family Dollar Stores, Inc. (NYSE:FDO). The hedge fund’s head, activist investor, Bill Ackman said that his firm has just sold its entire stake in the two companies. The […]

Earnings Roundup: APC, EMR, FST and SHLD News

Earnings Roundup: APC, EMR, FST and SHLD News

Here’s our round up of the most important earnings reports: Andarko Petroleum Corporation (NYSE:APC) reported a rise in its earnings per share in the first quarter owing to a hike in the price of crude oil. The company earned $4.28 per […]