Mark Cuban to Sam Zell: Sell me the Chicago Cubs at a discount originally appeared on BloggingStocks on Wed, 07 Jan 2009 09:09:00 EST. Please see our terms for use of feeds.

General Motors (NYSE: GM) and Chrysler executives have managed to drive their business to the brink of bankruptcy. And the private sector appears reluctant to provide the financing they would need to restructure in bankruptcy. Yesterday, Tribune Co. (NYSE: TXA) went over that precipice without a penny of government money. But GM/Chrysler cannot be allowed to follow that natural path for a failed business -- they need government to save them from the free market.

And so this morning a plan to socialize their losses goes before Congress. It creates a car czar who will administer $15 billion worth of loans. The car czar can demand that GM/Chrysler pay back the loan by March 31, 2009 if they don't come up with a restructuring plan, throwing them into bankruptcy. If the car czar thinks they're negotiating in good faith, they get a 30-day extension. It's not clear what happens if they come up with a restructuring plan by the 31st. A restructuring won't pay back the $25 billion and will probably require even more taxpayer money.

But the plan also requires the car czar to approve transactions above $25 million; it limits executive compensation; demands the sale of their corporate jets; prohibits paying dividends and requires that the government share in future profits and taxpayers be repaid before any other shareholders. So should Congress approve this bill?

Continue reading Should Congress approve $15 billion GM/Chrysler bailout bill?

Should Congress approve $15 billion GM/Chrysler bailout bill? originally appeared on BloggingStocks on Wed, 10 Dec 2008 08:48:00 EST. Please see our terms for use of feeds.

Continue reading Stocks to buy in a recession, 8 questions to auto bailout answered & 5 retailers bucking the slump - Today in Money 12/9

Stocks to buy in a recession, 8 questions to auto bailout answered & 5 retailers bucking the slump - Today in Money 12/9 originally appeared on BloggingStocks on Tue, 09 Dec 2008 08:57:00 EST. Please see our terms for use of feeds.

Continue reading Stocks in the news: GM, F, BAC, HIG, WMT, AAPL, MOT, MET, IFX ... (update)

Stocks in the news: GM, F, BAC, HIG, WMT, AAPL, MOT, MET, IFX ... (update) originally appeared on BloggingStocks on Mon, 08 Dec 2008 08:20:00 EST. Please see our terms for use of feeds.

Chicago Cubs auction starts today originally appeared on BloggingStocks on Fri, 18 Jul 2008 15:41:00 EST. Please see our terms for use of feeds.

From TheStreet.com Network

• McClatchy to Cut 10% of Staff
• They Just Don't Get McClatchy!

Continue reading Cramer on BloggingStocks: Yesterday's technology, yesterday's news

Cramer on BloggingStocks: Yesterday's technology, yesterday's news originally appeared on BloggingStocks on Wed, 18 Jun 2008 09:22:00 EST. Please see our terms for use of feeds.

Continue reading Fliers in for pain, next billion-dollar food brand?, top 25 newspaper web sites rated - Today in Money 6/3

Fliers in for pain, next billion-dollar food brand?, top 25 newspaper web sites rated - Today in Money 6/3 originally appeared on BloggingStocks on Wed, 04 Jun 2008 08:46:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that a spokesperson for New Corporation (NYSE: NWS) said the company has dropped out of the bidding for Tribune Co's (NYSE: TXA) Newsday. This leaves Cablevision Systems Corporation (NYSE: CVC) as the apparent winner of the auction.
• According to people familiar with the matter, the Wall Street Journal reported that American International Group Inc's (NYSE: AIG) airplane-leasing unit is considering a split from the company. The people said International Lease Finance Corp have grown "increasingly concerned" the company will be hurt by AIG's financial troubles.
• Royal Dutch Shell Plc (NYSE: RDS.A) and Spain's Repsol YPF SA (NYSE: REP) are pulling out of one of Iran's biggest gas projects, the $10B-plus development of phase 13 of South Pars, the world's largest gas field, the Financial Times reported.

• Bloomberg reported that HSBC Holdings Plc (NYSE: HBC) set aside a smaller-than-forecast $3.2B for bad loans in the U.S. The bank also said its Q1 profit was higher than Q107.

Newspaper wrap-up: HSBC's allowance for bad U.S. loans is lower than expected originally appeared on BloggingStocks on Mon, 12 May 2008 08:00:00 EST. Please see our terms for use of feeds.

The Wall Street Journal, which is owned by News Corp. (NYSE: NWS) is reporting that News Corp. has withdrawn its bid for Newsday (subscription required). Rupert Murdoch's News Corp. was unwilling to match the $650 million bid offered by Cablevision (NYSE: CVC). New York Daily News owner Mort Zuckerman had also bid on Newsday.

Besides being higher, Cablevision's bid is likely to face fewer regulatory hurdles, considering Murdoch's and Zuckerman's New York holdings. But, according to the Journal, the bid could prompt some pushback from investors who question the the strategic rational for the deal. Cablevision could bundle Newsday subscriptions with other broadband and phone services it offers in the New York area.

Tribune Co. (NYSE: TXA), current owner of Newsday, recently reported that first-quarter revenue and circulation was down, as newspapers continue to struggle. Cablevision also reported a first-quarter loss of 11 cents per share.

News Corp. pulls bid for Newsday originally appeared on BloggingStocks on Sat, 10 May 2008 16:10:00 EST. Please see our terms for use of feeds.

Will Rupert Murdoch expand his print media holdings? originally appeared on BloggingStocks on Fri, 21 Mar 2008 16:10:00 EST. Please see our terms for use of feeds.

Continue reading Tribune Company buyout finalized, no word on the Cubs

Tribune Company buyout finalized, no word on the Cubs originally appeared on BloggingStocks on Fri, 21 Dec 2007 10:52:00 EST. Please see our terms for use of feeds.

Activision, Inc. (NASDAQ: ATVI): Revised it's outlook upward. Shares moved up to $27.98 from 52-week low of $16.05.

Hologic, Inc. (NASDAQ: HOLX): Company is to be added to the Nasdaq 100. Traded up to $69.75 from 52-week low of $45.88.

Archer Daniels Midland Company (NYSE: ADM): The company is still moving up on strength of legislation of new law to increase ethanol production. It hit $43.37 up from 52-week low of $30.20.

Tribune Company (NYSEL: TRB): Deal to take company private finally closes. Up to $34 from 52-week low of $22.78.

Douglas A. McIntyre is an editor at 247wallst.com.

The 52-week high club originally appeared on BloggingStocks on Thu, 20 Dec 2007 18:35:00 EST. Please see our terms for use of feeds.

Continue reading Best & Worst stocks of '07, one-year AMT fix passed, returns may be delayed & worst sttes for speeding - Today in Money 12/20

Best & Worst stocks of '07, one-year AMT fix passed, returns may be delayed & worst sttes for speeding - Today in Money 12/20 originally appeared on BloggingStocks on Thu, 20 Dec 2007 08:25:00 EST. Please see our terms for use of feeds.

Before the bell: Futures rise following Oracle's earnings; ahead of data

Following the new emission laws, General Motors (NYSE: GM) said the law could "hamper muscle cars." Also, the Wall Street Journal reported that GM may sell its medium-duty truck unit to Navistar International.

Tribune Co. (NYSE: TRB) is bracing for the "Sam Zell era" as he is set to take the ailing newspaper and TV company private with the expected closing of his $8.2 billion buyout as soon as Thursday.

According to Think Secret, Apple Inc. (NASDAQ: AAPL) and Think Secret have settled their lawsuit in a confidential, "amicable" settlement. While no sources were revealed, Think Secret will no longer be published. Bloggers lament ThinkSecret: TUAW and Engadget -- if this is true, I wonder if Apple made the right move.

Research In Motion (NASDAQ: RIMM) is expected to post earnings of 62 cents a share in the third quarter. Cruise operator Carnival Corp. (NYSE: CCL) is also scheduled to report earnings today.

Continue reading Before the bell: GM, TRB, RIMM, AAPL, ETN, BA ...

Before the bell: GM, TRB, RIMM, AAPL, ETN, BA ... originally appeared on BloggingStocks on Thu, 20 Dec 2007 08:16:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal reported that in a list released last night by the FCC, Google Inc (NASDAQ: GOOG), Cablevision Systems Corporation (NYSE: CVC) and other "nontraditional" players are set to compete against more traditional wireless companies like Qualcomm Incorporated (NASDAQ: QCOM) and MetroPCS Communications Inc (NYSE: PCS) in the federal government's spectrum auction next month.

• Banks that include Merrill Lynch & Co Inc (NYSE: MER) and The Bear Stearns Companies Inc (NYSE: BSC) are reportedly in talks to help bail out struggling bond insurer ACA Capital Holdings, which lost $1B in the most recent quarter, according to two people briefed on the situation and reported by the New York Times; ACA Capital has guaranteed $26B in mortgage securities.
• Executives at Tribune Company (NYSE: TRB) were faced with last-minute questioning from bankers that were reluctant to fund the final portion of the $8.2B deal to take the company private, according to sources close to the company, the Chicago Tribune reported.

• Barron's Online's "Inside Scoop" reported that analysts are not convinced that the deal with Citadel is enough to save E*Trade Financial Corporation (NASDAQ: ETFC), as it does not eliminate E*Trade's $12.4B second-lien mortgage exposure, and the company could potentially face further customer attrition, which many think will continue to pressure the shares.

Newspaper wrap-up: Google, Cablevision to bid for FCC spectrum originally appeared on BloggingStocks on Wed, 19 Dec 2007 08:15:00 EST. Please see our terms for use of feeds.

Tribune (TRB) higher on expected FCC changes originally appeared on BloggingStocks on Tue, 18 Dec 2007 12:33:00 EST. Please see our terms for use of feeds.

MAJOR PAPERS:

• The Wall Street Journal's "Deal Journal" reported that Sam Zell's planned buyout of Tribune Company (NYSE: TRB) is contingent on the receipt of a solvency opinion, and that this is the first time they have ever seen a deal dependant on this.
• The WSJ's "Heard on the Street" reported that Countrywide Financial Corporation (NYSE: CFC) may not be out of the woods yet. Despite executives promising a return to profitability, there is still a risk the company may eventually seek bankruptcy protection or "resort to huge sales" of new stock.
• U.S. private equity group JC Flowers "is understood" to have walked away from the auction for troubled bank Northern Rock, the Financial Times reported.
• Rupert Murdoch is shaking up the management of News Corp (NYSE: NWS.A), the Financial Times reported, giving his son, James Murdoch, control over the company's European and Asian operations, and appointing two trusted executives to lead Dow Jones & Company Inc (NYSE: DJ) and the Wall Street Journal.

• Barron's Online's "Weekly Trader" said AutoNation Inc (NYSE: AN) looks attractive now, despite hovering near a multi-year low. The company has also been on a slow but steady quest to diversify away from unpopular domestic brands by snapping up luxury and import dealerships.

Newspaper wrap-up: Tribune buyout contingent on solvency opinion originally appeared on BloggingStocks on Fri, 07 Dec 2007 08:05:00 EST. Please see our terms for use of feeds.

Tribune (NYSE: TRB) is recently up $32.08.

CNBC's David Faber says the TRB deal could close very soon. TRB has expected its $34 per share sale to Sam Zell, private equity, debt holders and employees to be closed by year-end. The FCC granted temporary waivers to complete the deal. TRB announced this morning it intends to use cash on hand to reduce total amount of bridge loan to $1.6 billion from $2.1 billion. TRB January option implied volatility of 33 is below a level of 79 from Dec 6th and below its 26-week average of 38 according to Track Data, suggesting the close of the $34 deal is near.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option update: Tribune (TRB) volatility collapses; Zell's buyout could close soon originally appeared on BloggingStocks on Thu, 06 Dec 2007 12:12:00 EST. Please see our terms for use of feeds.

Tribune (NYSE: TRB) is recently down 55 cents to $29.95. TRB expects its $34-per-share sale to Sam Zell, private equity, debt holders and employees to be closed by end of 2007. The FCC granted temporary waivers to complete the deal on Dec. 30. TRB call option volume of 2,688 contracts compares to put volume of 15,775 contracts. TRB December option implied volatility of 80 is above its 26-week average of 36 according to Track Data, suggesting larger price risks.

LDK Solar (NYSE: LDK) is a manufacturer of multicrystalline solar wafers. Dow Jones reported LDK will tap $700 million in long-term debt and credit lines, as well as about $100 million in customer prepayments. LDK auditing report on the investigation of allegations of inaccurate inventory is expected in early December. LDK has said the company has correctly reported its inventories. LDK is expected to report Q3 EPS in mid-December. LDK December option implied volatility is at 165 and March is at 133; above its 21-week average of 98, according to Track Data, suggesting larger risk.

Daily Options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com

Option update 12-4-07: Tribune put volume spikes as buyout nears close originally appeared on BloggingStocks on Tue, 04 Dec 2007 16:10:00 EST. Please see our terms for use of feeds.

Continue reading Cramer on BloggingStocks: Three tests for financial stocks

Cramer on BloggingStocks: Three tests for financial stocks originally appeared on BloggingStocks on Wed, 14 Nov 2007 09:17:00 EST. Please see our terms for use of feeds.