A GAO report said that the Treasury failed to address a number of critical issues while implementing the financial rescue, including how to ensure its efforts are successful. (Report)
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Shares of Palm Inc. plunge to a new record-low after the wireless device maker’s warning of a drop in revenue underscored concerns about the company’s viability. The stock got a boost from the market upswing late in the day, which erased the earlier losses.
Excel Maritime (EXM) Bad period for shipping business. Falls to $3.25 from 52-week high of $60.99. Xenoport (XNPT) New drug fails in study. Drops to $17.90 from 52-week high of $66.34. Sierra Wireless (SWIR) Will be buying Wavecom. Wall St. hates deal. Falls to $5,42 from 52-week high of $21.18. Palm (PALM) Smartphone also-ran revised quarter down. Falls to $1.14 from 52-week high of $8.94. Dou...
Shares of Marvell Technology Group are likely to attract attention late in the wake of the communication chipmaker's quarterly results.
Ford Motor Co. is heading back to Washington singing a happier tune.
Picking out a CEO to go in technology right now might seem as though the argument could be almost any of them if you count share price only. That is doubly true if you look at just DRAM and flash memory makers. But the one stand out company which could use a new CEO is SanDisk Corp. (NASDAQ: SNDK). Dr. Eli Harari is a co-founder of the company, and he sits as Chairman, CEO, and as a member of ...
Options traders have descended on the smart phone sector Tuesday, with heavy activity in Research in Motion, Nokia and Palm, following poor earnings by the latter, and news of an introduction of Nokia’s entrée into this market. Research in Motion’s options were the most actively traded. The stock was getting hit, down 7.5% after Palm reported less-than-stellar results for its most r...
Yahoo: Cowen Has Serious Doubts On Miller-Led Bid; Raising $30 Billion Would be “Extremely Difficult”
Tue, Dec 2, 3:12 PM ET
Cowen’s Jim Friedland this afternoon has weighed in on the WSJ report that former AOL exec Jonathan Miller is trying to raise cash for a bid for Yahoo, and finds the proposition to be something of a long shot. In a brief research note, he raises two key issues: Capital: He says it would be “extremely difficult” to raise the $28 billion to $31 billion that would be needed to cl...
Federal Deposit Insurance Corporation chairwoman Sheila Bair says she hopes the Obama administration will support a mortgage foreclosure mitigation plan she introduced last month.