- BASF is expected to announce a deal this week to acquire specialty chemical maker Cognis, owned by Goldman Sachs (GS: 137.53 +2.55 +1.89%) and Permira Advisors, for over $4.1 billion
- Amazon.com (AMZN: 119.15 +0.82 +0.69%) announced plans to relaunch an on-line clothing store
- BP’s (BP: 27.6001 -1.1399 -3.97%) internal memo reported the spill could be worse than expected at 100,000 bpd Gulf oil spill. Reports says the company looking to raise $50 billion through asset sales and borrowings
- Citigroup (C: 3.905 +0.125 +3.31%) is reportedly seeking to raise over $3 billion for its private equity and hedge funds, even as the Congress continue to work on a financial regulatory reform package
- California Pizza Kitchen (CPKI: 15.76 -0.03 -0.19%) lowered its fiscal second quarter earnings guidance to 10-15 cents per share from a range of 24-26 cents earlier
- Anticipating another strong quarterly post, Piper Jaffray (PJC: 34.59 +0.64 +1.89%) analysts reiterated their “overweight” rating on EMC (EMC: 18.90+0.25 +1.34%) with a $23 price target
- Smart Modular Tech (SMOD: 6.21 -0.01 -0.16%) posted fiscal third quarter adjusted earnings of 26 cents, beating estimates of 18 cents on revenues of $201.2 million, up from estimates of $180.02 million. Guidance for the fourth quarter was set at 22-24 cents on sales of $200-$210 million
- BASF is expected to announce a deal this week to acquire specialty chemical maker Cognis, owned by Goldman Sachs (GS: 137.53 +2.55 +1.89%) and Permira Advisors, for over $4.1 billion
- Amazon.com (AMZN: 119.15 +0.82 +0.69%) announced plans to relaunch an on-line clothing store
- BP’s (BP: 27.6001 -1.1399 -3.97%) internal memo reported the spill could be worse than expected at 100,000 bpd Gulf oil spill. Reports says the company looking to raise $50 billion through asset sales and borrowings
- Citigroup (C: 3.905 +0.125 +3.31%) is reportedly seeking to raise over $3 billion for its private equity and hedge funds, even as the Congress continue to work on a financial regulatory reform package
- California Pizza Kitchen (CPKI: 15.76 -0.03 -0.19%) lowered its fiscal second quarter earnings guidance to 10-15 cents per share from a range of 24-26 cents earlier
Anticipating another strong quarterly post, Piper Jaffray (PJC: 34.59 +0.64 +1.89%) analysts reiterated their “overweight” rating on EMC (EMC: 18.90+0.25 +1.34%) with a $23 price target
- Smart Modular Tech (SMOD: 6.21 -0.01 -0.16%) posted fiscal third quarter adjusted earnings of 26 cents, beating estimates of 18 cents on revenues of $201.2 million, up from estimates of $180.02 million. Guidance for the fourth quarter was set at 22-24 cents on sales of $200-$210 million
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