$$$ Rabbi Who Tried To Extort Steve Cohen Gets 4 Years [WSJ]
$$$ Nasdaq, ICE and CME Discuss Hostile Bid for NYSE [CNBC]
$$$ We’ll be off Monday for the holiday- enjoy the long weekend!
$$$ Citigroup Gives Havens, Three Executives $11.9 Million of Incentive Awards [Bloomberg]
$$$ Bernanke: Don’t blame easy money for capital swings [Reuters]
Article courtesy of Dealbreaker
Gleacher & Co. analyst Mark McKechnie today reiterated a Buy rating on shares of Motorola Mobility (MMI) and a $40 price target, following a Q&A session with CEO Sanjay Jha during the Mobile World Congress in Barcelona this week.
He notes the company’s been under pressure from the announcement on Monday [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Shares of Eastman Kodak (EK) are down 74 cents, or 16.4%, at $3.78 after reporting Q4 revenue below estimates and turned in earnings per share well below what analysts were expecting.
The stock had already fallen 13% yesterday after disclosing Monday evening that it lost an initial ruling in its patent [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Shares of Apple (AAPL) fell Monday overseas and helped to send index futures prices slightly lower after the tech titan’s Chief Executive Steve Jobs said he was taking a leave of absence to focus on health issues.
Apple’s stock dropped as much as 8.9% in Germany. Jobs didn’t indicate how long [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Happy New Year, friends! It's Monday, which means we're back in business after a splendid holiday break to bring you the good, the bad and the baddest, plus everything in between, on what's happening in this town.
A new year gives us a new beginning, a rebirth and fresh start to do[...]
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Shares of RightNow Technologies (RNOW), which makes hosted software for customer relationship management, are up $3.01, or 15%, at $22.80, right back to where it was at Monday’s close, before it sold off 13% yesterday.
It’s still not clear what happened. There was a note from Jefferies & Co. analyst Ross [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Amazon.com (AMZN) this morning announced its third version of the Kindle e-book reader was the best-selling product ever in its store, without disclosing sales figures. The Kindle has topped lifetime results for the 7th installment of Harry Potter (”The Deathly Hallows”).
Amazon also said sales on Cyber Monday, the Monday after [...]
Article courtesy of BARRONS.com: Tech Trader Daily
It’s Cyber Monday, the Monday after Black Friday, and the day Wall Street traditionally sifts through data to see how online sales did. It looks like the entire Thanksgiving through Cyber Monday complex has been pretty good, perhaps the best in a long time.
CoreMetrics’s data from early this morning report [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Mainstays of tech are falling broadly, albeit on extremely light volume, with the Nasdaq down about 8 points at 2,536, and scant news this morning.
Hewlett-Packard (HPQ) was down 47 cents, or 1%, at $43.27, as investors continue to chew on Monday’s better-than-expected Q4 results, but also some cautious words from [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Apparently yes.
We’re told BarCap will be laying off 5-7 percent of the staff, across the board, at all levels, at some point in the next two weeks. The cuts are expected the Monday after Thanksgiving. That’s all the info we have now (if anyone has anything else to add, please do so at this time).
Article courtesy of Dealbreaker