In an attempt to stop the bleeding at Lehman Brothers Holdings (LEH, $22.70, down $1.05), the company cut ties with its Chief Financial Officer Erin Callan and Chief Operating Officer Joseph Gregory. This after announcing a $3 billion loss for the quarter and a $6 billion stock offering. The newsRead more
Lehman Boots Top Brass
Dude! InBev Makes Offer
Potash Not Done Peaking
Potash (POT, $227.05, up $6.49) is trading higher this morning after saying they “have a lot of pricing power” and “we’re nowhere near peak pricing” according their CEO, Bill Doyle. He also added the company was poised for significant growth over the next five years saying soaring grain prices willRead more
Exide Technologies Rights Ship, Stock Falls
Apple Falls on iPhone Details
Lehman Comes Clean
Lehman Brothers Holdings (LEH, $29.48, down $2.81) confessed to the market yesterday about what the company’s plans were for raising money and how big of a loss it would have for its current quarter. Both figures were higher than what The Street was expecting. Much higher. The company announced plansRead more
McDonald's Is "Lovin' It"
McDonald’s (MCD, $59.20, up $2.25) is trading up 4% today after reporting world-wide sales for May were up nearly 8% at established restaurants. Overseas sales have really been the company’s bread-and-butter growth driver as they have been well ahead of domestic sales for some time at McDonald’s. The company’s newRead more
Apple In Focus
The wait is over. Today, Apple (AAPL, $185.64, down $3.79) will hold its annual developers’ conference which is always an event. While everyone is expecting the company to unveil the newest version of its iPhone, will Steve Jobs pull the rabbit-out-of-the-hat trick? Many believe the new iPhone will look muchRead more