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Fortune Brands May Select Morgan Stanley To Sell Golf Unit
Thursday, January 6, 2011 - 1:11am | 153Fortune Brands (NYSE: FO), the maker of Jim Beam bourbon and Titleist golf balls, is reportedly considering selecting Morgan Stanley (NYSE: MS) to manage the sale of its golf business, according to a report by Bloomberg News. The investment bank may approach potential buyers such as Nike (NYSE: NKE...
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Money Continues To Move Into Financials (XLF, BAC, MS, GS, C)
Wednesday, January 5, 2011 - 11:37am | 126Money is continuing to move into the financial sector on Wednesday led by Bank of America (NYSE: BAC) which has added 1.54% to $14.45 after Goldman Sachs (NYSE: GS) advised clients to buy $16 call options on the name. Citigroup (NYSE: C) is also notching nice gains, rising 0.82% to $4.94. The big...
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Company News for January 05, 2011 - Corporate Summary
Wednesday, January 5, 2011 - 10:03am | 1016• Qualcomm (NASDAQ:QCOM) has announced plans to purchase Atheros Communications (NASDAQ:ATHR) for $45 per share, in a deal valued at $3.5 billion • After yesterday's close, Mosaic (NYSE:MOS) reported fiscal second quarter earnings of $1.01 ex-items, versus $0.24 a year ago, ahead of the Zacks...
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Company News for January 05, 2011 - Corporate Summary
Wednesday, January 5, 2011 - 9:47am | 1016• Qualcomm (NASDAQ:QCOM) has announced plans to purchase Atheros Communications (NASDAQ:ATHR) for $45 per share, in a deal valued at $3.5 billion • After yesterday's close, Mosaic (NYSE:MOS) reported fiscal second quarter earnings of $1.01 ex-items, versus $0.24 a year ago, ahead of the Zacks...
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Goldman Sachs Doesn't Know Everything
Wednesday, January 5, 2011 - 9:24am | 125Despite investing a cool $450 million in the company, Goldman Sachs (NYSE: GS) got a tutorial on how to use its newest investment: Facebook. Goldman prohibits its employees from using social networking sites at the office, and got a tutorial from Facebook's David Ebersman, it's chief financial...
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Top 4 Large-Cap Stocks In The Investment Brokerage-National Industry With The Highest Profit Margin (CME, AMTD, MS, SCHW)
Wednesday, January 5, 2011 - 4:36am | 129Below are the top large-cap investment brokerage-national stocks on the NYSE and the NASDAQ in terms of profit margin. The trailing-twelve-month profit margin at CME Group Inc (NASDAQ: CME) is 32.94%. CME's PEG ratio is 1.53. The trailing-twelve-month profit margin at TD Ameritrade Holding...
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Goldman Sachs (NYSE:GS) Invests 450 Million into Facebook... Tech Bubble?
Wednesday, January 5, 2011 - 12:17am | 95Dian L. Chu explores how the new Tech Bubble may be the multitude of Social Network sites such as Facebook, Groupon, and Baidu.. All of which have extremely inflated P/E Ratios. Consider the fact that Goldman Sachs (NYSE:GS) just put in $450 Million for a 1% stake in Facebook, could GS have plans...
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Goldman Sachs (NYSE:GS) Invests 450 Million into Facebook... Tech Bubble?
Wednesday, January 5, 2011 - 12:17am | 95Dian L. Chu explores how the new Tech Bubble may be the multitude of Social Network sites such as Facebook, Groupon, and Baidu.. All of which have extremely inflated P/E Ratios. Consider the fact that Goldman Sachs (NYSE:GS) just put in $450 Million for a 1% stake in Facebook, could GS have plans...
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The "G's" - DG & GS - Get It - Voice of the People
Tuesday, January 4, 2011 - 4:33pm | 585Zacks' Voice of the People Highlights user MightyMo: "The 'G's' - DG & GS - Get It" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post The "G's" - DG & GS - Get It Dollar General (DG) and Goldman Sachs (GS) are stocks of...
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The "G's" - DG & GS - Get It - Voice of the People
Tuesday, January 4, 2011 - 3:59pm | 585Zacks' Voice of the People Highlights user MightyMo: "The 'G's' - DG & GS - Get It" from the People & Picks community. For more Voice of the People, visit http://at.zacks.com/?id=5851 Featured Post The "G's" - DG & GS - Get It Dollar General (DG) and Goldman Sachs (GS) are stocks of...
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Mixed Messages
Tuesday, January 4, 2011 - 3:58pm | 342The major stock market indexes are trading mixed today. The Dow Jones Industrial Average is trading slight positive on the session while the S&P 500 Index, NASDAQ Composite, and the Russel 2000 Index are all trading lower. Since the Federal Reserve Bank announced its quantitative easing(QE-2)...
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Government Investigating Pre-IPO Trading (GS)
Tuesday, January 4, 2011 - 3:56pm | 163SecondMarket has told Bloomberg that they have received SEC requests for information about its handling of pre-IPO shares of private companies. The government entity has recently become interested in secondary markets for private company shares (i.e. shares of companies that do not trade on public...
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Facebook Changing Equity Financing Forever
Tuesday, January 4, 2011 - 11:57am | 180Facebook's recent cash infusion from Goldman Sachs (NYSE: GS) is changing the face of equity financing forever. Goldman invested $450 million in the social network, giving a $50 billion valuation. This new transaction, done via a special purpose vehicle, allows the "big boys" and "smart money" to...
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Company News for January 04, 2011 - Corporate Summary
Tuesday, January 4, 2011 - 10:39am | 852• Goldman Sachs (NYSE:GS) removed Nike (NYSE:NKE) from its Conviction Buy List, but maintained the "buy" rating with a target price of $95 • KBW upgraded SunTrust (NYSE:STI) to "outperform," increasing the target price $33 from $30 • Deutsche Bank (NYSE:DB) lifted its target price of Apple (NASDAQ:...
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U.S. Debt Hits $14 Trillion And Counting
Tuesday, January 4, 2011 - 10:29am | 641The U.S. government is about to reach it's $14.3 trillion debt ceiling by the early spring of 2011. Yesterday, the White House Council of Economic Advisers Chairman Austan Goolsbee made a strong case that the debt ceiling would have to be raised or the economy in the United States would be...