Jul 01
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S&P hikes Yahoo to buy; 12-month price target of $27

SAN FRANCISCO (MarketWatch) — S&P Equity Research on Tuesday hiked Yahoo Inc. to
buy from hold with a 12-month price target of $27. “We are well aware of Yahoo’s
troubles, including a less firm global online advertising market, notable
competition, recent losses of substantial management talent, inconsistent
execution, and considerable distractions and uncertainty related to the Aug. 1
shareholder meeting,” [...]

Author: admin
Jul 01
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Financials stocks skid in early action

NEW YORK (MarketWatch) — U.S. financial stocks fell early Tuesday, as the
Financial Select Sector SPDR , an ETF that tracks the financial stocks in the S&P500, lost 1.2%, while the Amex Securities Broker/Dealer Index slipped 0.3%.
Investors are closely eyeing financial firms as the third quarter begins, and are
maintaining negative outlook as the credit crisis continues [...]

Author: admin
Jun 30
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Analyst: Merrill will raise equity in third quarter

NEW YORK (MarketWatch) - Ladenburg Thalmann on Monday said Merrill Lynch & Co.
Inc. will have to raise equity in the third quarter and could be forced to unload
20% of its stake in Bloomberg, analyst Dick Bove predicted. Bove estimated
Merrill would sell its holdings in Bloomberg for $1 billion, which would solve
any current capital issues, and [...]

Author: admin
Jun 30
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Ladenburg cuts Morgan Stanley estimates

NEW YORK (MarketWatch) — Ladenburg Thalmann on Monday cut its 2008 and 2009
profit estimates for Morgan Stanley on worries that management turmoil and a dip
in equity markets will affect the bank’s bottom line. Analyst Dick Bove trimmed
his 2008 estimate for the bank to $4.34 a share from $4.80 a share, and for 2009
to $5.14 a [...]

Author: admin
Jun 27
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AIG to take on $5 billion in insurance unit losses, report says

AIG said to take on $5 billion in insurance unit losses
By MarketWatch
Last Update: 6/27/2008 7:31:00 AM
LONDON (MarketWatch) - American International Group will assume up to $5 billion
of any losses incurred by a dozen of its insurance units on the sale of
securities hard hit by the subprime-mortgage crisis, according to a published
report Friday.
The amount is up [...]

Author: admin