Former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd may join Oracle (NASDAQ: ORCL) according to a report in The Wall Street Journal. Hurd was pushed out by HPs board, a move that Oracle CEO Larry Ellison criticized. Ellison and Hurd are on good terms. Douglas A. McIntyre Filed under: Management Change Tagged: HPQ, ORCL
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The cast of characters in this week’s Unusual Suspects is not any ordinary group of companies. There are many key stocks to watch for investors that have carryover issues from last week or which have upcoming events for the week. There is a lot happening considering that earnings are quiet and considering that this is [...]
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Krispy Kreme Doughnuts Inc. (NYSE: KKD), which until recently was seen by investors as being staler than a day-old crueller, is on the verge of a remarkable comeback. The maker of doughy, delicious and fattening treats today reported better-than-expected second quarter results, earning $2.2 million, or 3 cents per share, compared to a net loss [...]
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The labor stoppage, commonly known as the strike, is a natural result of tension between labor and management. Management has always wanted work for as little compensation as possible. Labor has always wanted compensation for what it considers a fair day’s work. The gulf between the two has often caused violence and even assassination. Labor strife has led to some [...]
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Perhaps the biggest news of the week was that J.P.Morgan Chase & Co. (NYSE: JPM) was closing down its proprietary trading operations. The issue is that the real closure and the ramifications were taken a bit out of context. On the headline surface remarks, the news actually sounds completely irresponsible to shareholders if this becomes [...]
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There is a rather interesting IPO filing this morning from Bruker Energy & Supercon Technologies, Inc. in an effort to come public. Bruker Corporation (NASDAQ: BRKR) is the controlling shareholder and is going to be offering shares along with the company. For filing purposes, the size of the IPO is up to $100 million. The [...]
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Brazil’s Petroleo Brasileiro (NYSE: PBR), better known as Petrobras, has reached an agreement with the Brazilian government to pay $42.5 billion for the rights to produce 5 billion barrels of oil from government-owned fields offshore off Brazil. The nominal cost to Petrobras is $8.51/barrel; however, the company will not be required to pay the special [...]
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After a long period of unemployment and joblessness, which still has not ended, any upside to the jobs numbers at any point offers a helping hand and support to the stocks of companies that revolve around the jobs market. That is payrolls services, online job search destinations, career management, uniform makers, and even head hunters. [...]
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Updated throughout the day. Obama may extend an R&D tax credit that is set to expire (Bloomberg) Google’s (NASDAQ: GOOG) YouTube will have $450 million in revenue this year and will be profitable (NYT) China may have approached funds which own Potash (NYSE: POT) about blocking BHP Billiton’s (NYSE: BHP) hostile bid. Douglas A. McIntyre [...]
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Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds. 24/7 Wall St. will look at the Twitter [...]
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