Kraft Foods - A Forgotten Dog Of The Dow [View article]
Food-stocks are going to give you some rare earnings surprises the next few quarters. They are the most direct beneficiary of the ongoing drop of commodities.
Carl Icahn discloses a 7.56% stake in Chesapeake Energy (CHK +1.5%) via 13D filings. Icahn: "If you continue to arbitrarily refuse the request we have made for shareholder representation, we, as activists, will immediately take whatever 'actions' we feel are necessary to protect the value of this company." [View news story]
Except that debt is, for the most part, tied to holdings and/or production. In a world of massive de-leveraging, who would be willing?
The E.U. will make a final ruling on June 27 regarding a $1.1B fine levied on Microsoft (MSFT) in '08 for failing to comply with an order to share information about its server OS products to guarantee networking software interoperability, and release a version of Windows that doesn't feature Windows Media Player. The ruling could have implications for Intel's (INTC) attempts to overturn a $1.33B fine levied in '09. [View news story]
The EU will probably ask for the fine to be paid in gold.
Chesapeake (CHK +2.6%) shares rally into the close on a Bloomberg report that Carl Icahn has purchased at least a 4% stake in the company. Note that the latest quarterly disclosure of Icahn's holdings showed no CHK shares; he had reported a 5.8% stake in Dec. 2010. [View news story]
unless it was in the past week, they haven't made much money on it.
CVR Energy (CVI -1.8%), now controlled by Carl Icahn, begins the process of trying to sell the nitrogen fertilizer company by hiring Jefferies to solicit bids. CVR says the 60-day process begins immediately and that Icahn is willing to consider any offer of at least $35/share. [View news story]
What's this dude's game, stock isn't moving at all.
CVR Energy (CVI -1.8%), now controlled by Carl Icahn, begins the process of trying to sell the nitrogen fertilizer company by hiring Jefferies to solicit bids. CVR says the 60-day process begins immediately and that Icahn is willing to consider any offer of at least $35/share. [View news story]
Greece's exit from EMU would be a good example for others, says the Bank of Russia's Mikhail Shvetsov, speaking in Milan. He also says Greece has plans for a parallel currency. "Merkel to Greece: come to mama, Putin to Greece: come to daddy," writes ZH. [View news story]
Mondelez it is after Kraft (KFT -0.5%) shareholders vote to approve the new name for the company's global snack business by a resounding margin. Brands that will run under the Mondelez umbrella will include Fig Newton, Oreo, Cadbury, and Trident after the split of the company into two parts becomes official. [View news story]
Once again my shares were not enough to push it over the top...someday....
Alongside a wave of regulatory investigations hitting market sentiment this afternoon, former Greek PM Papademos tells Dow Jones preparations for Greece exiting the euro are being considered; the risk of leaving is real. Estimates of a cost of €500B-€1T underscore the magnitude of the consequences, he says. [View news story]
Alongside a wave of regulatory investigations hitting market sentiment this afternoon, former Greek PM Papademos tells Dow Jones preparations for Greece exiting the euro are being considered; the risk of leaving is real. Estimates of a cost of €500B-€1T underscore the magnitude of the consequences, he says. [View news story]
Agreed whitehawk, if the other countries play ball. The Euro will rally.
Alongside a wave of regulatory investigations hitting market sentiment this afternoon, former Greek PM Papademos tells Dow Jones preparations for Greece exiting the euro are being considered; the risk of leaving is real. Estimates of a cost of €500B-€1T underscore the magnitude of the consequences, he says. [View news story]
Kraft Foods - A Forgotten Dog Of The Dow [View article]
Kraft Foods - A Forgotten Dog Of The Dow [View article]
Carl Icahn discloses a 7.56% stake in Chesapeake Energy (CHK +1.5%) via 13D filings. Icahn: "If you continue to arbitrarily refuse the request we have made for shareholder representation, we, as activists, will immediately take whatever 'actions' we feel are necessary to protect the value of this company." [View news story]
The E.U. will make a final ruling on June 27 regarding a $1.1B fine levied on Microsoft (MSFT) in '08 for failing to comply with an order to share information about its server OS products to guarantee networking software interoperability, and release a version of Windows that doesn't feature Windows Media Player. The ruling could have implications for Intel's (INTC) attempts to overturn a $1.33B fine levied in '09. [View news story]
The Intriguing Story Of CVR Partners [View article]
Chesapeake (CHK +2.6%) shares rally into the close on a Bloomberg report that Carl Icahn has purchased at least a 4% stake in the company. Note that the latest quarterly disclosure of Icahn's holdings showed no CHK shares; he had reported a 5.8% stake in Dec. 2010. [View news story]
CVR Energy (CVI -1.8%), now controlled by Carl Icahn, begins the process of trying to sell the nitrogen fertilizer company by hiring Jefferies to solicit bids. CVR says the 60-day process begins immediately and that Icahn is willing to consider any offer of at least $35/share. [View news story]
CVR Energy (CVI -1.8%), now controlled by Carl Icahn, begins the process of trying to sell the nitrogen fertilizer company by hiring Jefferies to solicit bids. CVR says the 60-day process begins immediately and that Icahn is willing to consider any offer of at least $35/share. [View news story]
Greece's exit from EMU would be a good example for others, says the Bank of Russia's Mikhail Shvetsov, speaking in Milan. He also says Greece has plans for a parallel currency. "Merkel to Greece: come to mama, Putin to Greece: come to daddy," writes ZH. [View news story]
6 Dirt-Cheap Small Cap Industrials That Analysts Rate As Buys [View article]
Mondelez it is after Kraft (KFT -0.5%) shareholders vote to approve the new name for the company's global snack business by a resounding margin. Brands that will run under the Mondelez umbrella will include Fig Newton, Oreo, Cadbury, and Trident after the split of the company into two parts becomes official. [View news story]
Alongside a wave of regulatory investigations hitting market sentiment this afternoon, former Greek PM Papademos tells Dow Jones preparations for Greece exiting the euro are being considered; the risk of leaving is real. Estimates of a cost of €500B-€1T underscore the magnitude of the consequences, he says. [View news story]
Massachusetts subpoenas Morgan Stanley over the Facebook IPO amid allegations about leaked negative views. MS -1.4% AH. [View news story]
Alongside a wave of regulatory investigations hitting market sentiment this afternoon, former Greek PM Papademos tells Dow Jones preparations for Greece exiting the euro are being considered; the risk of leaving is real. Estimates of a cost of €500B-€1T underscore the magnitude of the consequences, he says. [View news story]
Alongside a wave of regulatory investigations hitting market sentiment this afternoon, former Greek PM Papademos tells Dow Jones preparations for Greece exiting the euro are being considered; the risk of leaving is real. Estimates of a cost of €500B-€1T underscore the magnitude of the consequences, he says. [View news story]