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business - "short"
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Lehman in market abuse claimLehman Brothers said it had sent information to the Securities and Exchange Commission about possible abusive short-selling in its shares in recent days FT.com Tuesday, April 01, 2008
Will Fed Chairman Bernanke Cut the US Dollar Rally Short on Wednesday?On Wednesday, Federal Reserve Chairman Ben Bernanke will testify on the economic outlook before the Joint Economic Committee of Congress. Bernanke?s comments... dailyfx.com Tuesday, April 01, 2008
Pfizer discontinues late-stage skin cancer drug trialSAN FRANCISCO (MarketWatch) -- Pfizer Inc. said late Tuesday it discontinued a Phase III clinical trial for the experimental advanced skin cancer treatment tremelimumab because early data showed it was not superior to standard chemotherapy. Pfizer said it has notified regulators and investigators worldwide of the trial halt, and will work with researchers to see if any patients were benefitting from the drug. Late-traded shares of Pfizer were down 2.3% to $20.90 in after-hours activity.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news. MarketWatch.com Tuesday, April 01, 2008
Did Stocks Rally Because of an April Fool's Joke?Why did stocks rally today? (link to snapshot) One reason, says Barry Ritholtz, is 'an internet April Fool's hoax that backfired.' I'm not so sure, but the story is a good one:Doug Kass of Seabreeze Partners is an expert short seller, a skeptical investor who is so bearish -- and brave enough -- that he recently bet against legendary investor Warren Buffett's Berkshire Hathaway (BKRA). On Apr. 1, Kass sent out a note saying he's changed his mind about it all.His short funds, designed to bet against the stock market, are going long. He initially thought stocks would decline 5% to 10% this year, but now he thinks the S&P 500 will hit 1,666, up 26% from this point.If you knew Kass's previous market commentary, at this point you would figure out that he wasn't serious. Even if you didn't know Kass well, it might raise your eyebrows when Kass predicted that oil prices will fall below $50 per barrel or that financial stocks should double by year-end. Also, Kass writes, 'Housing has defin Businessweek.com Tuesday, April 01, 2008
As teachers age, big Ontario pension plan comes up shortThe Ontario Teachers' Pension Plan, one of Canada's biggest investment pools, has come up billions of dollars short because too many members are on pension and too few are still working. CBC.ca Tuesday, April 01, 2008
There Is No Gas ShortageBut Washington, wall street, and ethanol and oil and gas companies want you to think there is, says automotive expert Ed Wallace BusinessWeek Tuesday, April 01, 2008
Stocks to Look at for Tuesday, April 1These are some stocks that have been tagged by users over at StockTickr:SGP: SCHERING-PLOUGH CORP Outlook: Short Industry: Drug Manufacturers Major New low on 10.87 times average volume: 165,926,728 vs. 15,260,000(tags: short, New Low on Huge Volume)NS: VALERO LP Outlook: Short New low on 16.91 times average volume: 2,772,499 vs. 164,002(tags: short, New Low on Huge Volume)GU: GUSHAN ENVIROMENTAL ENERGY [...] Deep Market Tuesday, April 01, 2008
Lehman Brothers Gets $4B of much needed capitalNEW YORK (dpa) -- Lehman Brothers raised $4 billion in a stock offering Tuesday, quelling fears of a cash shortage at the fourth-largest U.S. investment bank due to the ongoing credit crisis. The capital infusion follows similar moves by other banks hit with billions of dollars in writedowns of mortgage-related assets since mid-2007.... Hispanic Business Tuesday, April 01, 2008
ADB Helps India Bring Power to All in Ambitious Multi-Billion Dollar National Grid Project(1 April 2008) - With funding support from the Asian Development Bank, India's national power grid operator is embarking on an ambitious multi-billion dollar plan to expand the country's power transmission grid and link stable clean energy supplies to areas suffering shortages. adb.org Tuesday, April 01, 2008
GMI: 1; GMIR: 3; 5th day of QQQQ short term uptrend; short and long positionsThe GMI remains at 1 and the GMIR at 3... mrswing.com Tuesday, April 01, 2008
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Archived "business - short" news stories.
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