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  • Wall Street Breakfast: Must-Know News [View article]
    "Drugmakers boosted prices for their 50 top-sellers by 7.82% in 2007, on the heels of 6.73% and 6.22% jumps in 2006 and 2005, in an effort to boost profits in the face of patent expirations and waning pipelines. The ploy could backfire by pushing government to beef-up its regulation of drug pricing."

    Doesn't this mean that the decline in profits when these drugs hit patent expiration will be even sharper?
    Feb 21 16:17 pm |Rating: 0 0 |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    So the day ends with stocks up, oil down. What a contradiction: oil is down because we're entering a recession so demand for oil (and its price) will fall. But stocks are up...
    Jan 23 15:45 pm |Rating: 0 0 |Link to Comment
  • Under The Radar News - Tuesday [View article]
    "IBM (IBM) is close to announcing a version of Lotus Notes for the iPhone (AAPL). This would ease the way for corporate IT departments to give iPhone users access to their corporate email accounts, which thus far many have avoided."

    This has to be bad news for RIMM.
    Jan 22 16:05 pm |Rating: 0 0 |Link to Comment
  • Bill Ackman: Right on Bond Insurers, Wrong on Target [View article]
    More bad news for MBIA:

    www.marketwatch.com/ne...

    MBIA Inc. said Wednesday that the Securities and Exchange Commission and the New York Insurance Department have started informal inquiries into recent disclosures and a deal the bond insurer struck with private-equity firm Warburg Pincus.

    MBIA has also committed to keep the New York insurance regulator up to date about dividend payments, its approach to its structured finance business and "significant" transactions, the company said in an SEC filing.

    The tighter regulatory scrutiny comes as MBIA slashes its dividend and tries to borrow $1 billion to boost capital levels that are under pressure from surging delinquencies and foreclosures on subprime mortgages and other home loans.

    "Problems in the subprime and Alt-A areas and the scrutiny of regulators are now hitting," Egan-Jones Ratings Co., a rating agency paid by investors rather than issuers, said in a note to clients Wednesday.

    MBIA shares slumped 17% to $11.65 during early afternoon trading Wednesday, adding to losses of more than 20% Tuesday.
    Jan 10 05:53 am |Rating: 0 0 |Link to Comment
  • Are The Ratings Agencies Really Taking a 'Tough Stance' on Subprime Mortgage Debt? [View article]
    Related:
    <blockquote>
    <b>Treasuries Rise Most Since March on Subprime Crisis, Bernanke</b>

    Housing is ``the underlying dynamic to the subprime mess,'' said Jay Mueller, who manages about $3 billion of bonds in Milwaukee at Wells Fargo Capital Management. ``That data will receive a lot of scrutiny.''...

    S&amp;P lowered 14 ratings on European collateralized debt obligations yesterday after downgrading 75 U.S. CDOs made up of subprime mortgage derivatives on July 19. The European rating actions weren't related to the U.S. cuts, the agency said...
    </blockquote>

    Source:
    www.bloomberg.com/apps...;sid=a3YNeI.RjZ1k
    Jul 22 09:38 am |Rating: 0 0 |Link to Comment
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