Todd Sullivansubmits: A dig into the recently released results buy Reynolds American (RAI) should be very encouraging to Altria (MO) shareholders.Back in April I said that Altriawould not make an attempt to purchase UST (UST) for it smokelessproducts and instead would capitalize on the Marlboro brand name aproduce one themselves.Complete Story »
In a note to clients Monday, Deutsche Bank upgraded shares of newspaper publisher Washington Post to Buy from Hold, calling it a "good value for [a] solid defensive media stock."Complete Story »
Thomas Kellysubmits: A few months back, I wrote an article detailing how I thought K-FedBancorp?s (KFED) loan loss provisions looked to be absurdly low in comparisonwith most other banks.Complete Story »
Competesubmits: Visits to News Corp.'s (NWS) MySpacevideodeclined 18% for the second straight month in a row, dropping thesocial network to 3rd Place in Compete?s ranking of the top video spotson the web.Complete Story »
Todd Sullivansubmits: After witnessing the success Amazon (AMZN) has had to date with its grocery delivery program, Wal-Mart(WMT) is following that model and entering the space.Amazon,which currently undercuts local supermarket prices by some 30% at theironline site, ships bulk order of non-perishable items.Complete Story »
Notable Callssubmits: RBC Capital is out with an interesting call on Cisco Systems (CSCO),saying there are a lot of positive things going on at Cisco and theybelieve the company remains well placed to benefit from the Video 2.0cycle.Complete Story »
Todd Sullivansubmits: While we are extremely proud of our strong track record in thewholesale business, we believe our long-term opportunity lies inmaximizing our more competitive retail channels by introducinginnovative products that meet the needs of Bank of America customers,says Floyd Robinson, president of Bank of America (BAC) consumer real estate.Complete Story »
Trade Radar Operatorsubmits: Earlier this week I had this year's first load of heating oil deliveredfor my drafty, 100 year old house. The cost was a good 25% higher thanlast year. I was astounded.Complete Story »
Barrick Gold Corporation announced it has entered an agreement to acquire fellow Canadian gold miner Arizona Star Resource Corp. for C$773 million, or C$18.00/share in cash. The offer represents a 27% premium over Arizona Star's 20-day volume weighted average trading price on the Toronto Stock Exchange.Complete Story »
BEA Systems' board of directors responded to activist investor Carl Icahn's repeated calls for the company to sell itself in a letter Monday morning, saying it was not opposed to a sale, but felt Oracle's $17/share offer which expired over the weekend undervalued the company.Complete Story »
Eric Savitz(Barron's) submits: So, Oracle (ORCL) really did let its $17-a-share bid for BEA (BEAS) expire on Sunday. But the story is not over yet. Carl Icahn, who owns a 13.2% stake in BEA, on Friday disclosed in an SEC filingthat he has filed a lawsuit in Delaware demanding that the company holda shareholders meeting.Complete Story »
