MNI
MNI Articles
Thornburg Mortgage (TMA) was just suspended from trading on the NYSE. Its price has been below $1 for too long. It trades at $.24. Extraordinary, because it 52-week high is $140.50. Losses and fear...
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According to Reuters, disappointing earnings pushed Wall St. down. Reuters reports that Yahoo! (YHOO) profits dropped and the company will cut jobs. Reuters writes that Kirk Kerkorian sold part of...
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According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for two years in exchange for a 79.9% stake. Reuters says that Barclays (BCS)...
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Fannie Mae (FNM) Fear the mortgage firm will fail. Drops to $3.95 from 52-week high of $70.57. Freddie Mac (FRE) Ditto. Sells down to $2.95 from 52-week high of $67.20. McClatchy Newspapers (MNI)...
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Companies oftentimes use dividends as a reward for patient investors so they can show their appreciation for sticking by them in good times and bad. In the case of the New York Times, the payout is...
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Just when you think that the newspaper business could not get any more depressing along comes a report that Advance Publications Inc. will sell the Newark Star-Ledger, New Jersey’s biggest...
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Today was another ugly day on Wall Street as sellers are winning over the conviction that the rumors that the bear was dead might be grossly exaggerated. You’ll probably recognize many chip...
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Scripps (SSP) Newspaper stock takes big hit on earnings. Falls to $7.17 from 52-week high of $147.78. McClatchy Newspapers (MNI) Another newspaper company with problems. Sells down to $4.30 from...
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Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 on poor numbers. GCI preliminary...
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Washington Mutual (WM) Concerns mortgage firm will make it after government takes over IndyMac. Falls to $3.03 from 52-week high of $42.93. First Horizon (FHN) Same fears as with WM. Drops to $4.52...
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Sun Microsystems (JAVA) Wall St. expects bad earnings and is trading the stock that way. Drops to $10.33 from 52-week high of $25.04. VMWare (VMW) Lowers guidance and lets CEO go. Falls to $36.41...
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Fannie Mae (FNM) hit by rumors that it and Freddie Mac may have to raise $75 billion. Drops to $14.65 from 52-week high of $70.57. Freddie Mac (FRE) sells down to $10.28 from 52-week high of $67.20....
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GM (GM) falls as issue of Chapter 11 is raised. Drops to $10 from 52-week high of $43.20. Circuit City (CC) drops as Blockbuster (BBI) withdraws bid. Plummets to $2.10 from 52-week high of $15.33....
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Accoriding to MarketWatch, Belgian newspaper De Standaard reports that Warren Buffett support a takeover of Anheuser-Busch (BUD) by InBev. According to Reuters, economists think the PPI will rise 1%....
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McClatchy posted disastrous advertising revenue numbers for May. Total ad sales at the company fell 16.6%. Total revenue was down.15.1%. With the top line falling that fast, it is hard to say how...
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