Entries tagged "analyst report"
Executives in marketing communications are no more optimistic about the economy than their peers in other sectors. But they're decidedly bullish, still, about doing deals.
As rumors of Kraft Foods Inc. interest in adding Cadbury plc to its cupboard of brands heats up, Citigroup Inc. downgraded its rating on the English confectionery. ...
As soon as BG Group plc abandoned Tuesday its hostile A$13.8 billion ($11.3 billion) bid for Origin Energy Ltd. after ConocoPhillips Co. snared the Sydney group with a far more lucrative joint venture, speculation began about the U.K. company's next target. ...
Citigroup Inc., Morgan Stanley and Merrill Lynch & Co. already blazed the trail taking in billions from sovereign wealth funds. Additionally, National City Corp. and Washington Mutual Inc. have tapped private equity firms for capital. Now boutique investment bank Keefe Bruyette & Woods predicts 23 more banks including Bank of America Corp. will follow their leads. Aside from Bank of America, other large banks on the KBW list of 24 include Fifth Third Bancorp, Sovereign Bancorp and National City, which just announced a $6.7 billion capital infusion -- hence the 23 mentioned in the lead. All of these banks are...
Record oil prices are creating additional stress in the airline industry and may lead to different consolidation scenarios, according to Credit Suisse Group analyst Daniel McKenzie. Higher fuel prices will mean fewer lower fares, which McKenzie in a Tuesday note said will make it harder for discounters like Southwest Airlines Co. and AirTran Airways Inc. to win market share. Those airlines instead could look to combine for the sake of scale....
A day after Sprint Nextel Corp. issued a disappointing earnings report and projected that customer defections will continue, Pali Capital Inc. analyst Walter Piecyk in a Friday note called for investors to vote out four of the telecom's board members. New CEO Dan Hesse and investor Ralph Whitworth of Relational Investors LLC, named to Sprint's board earlier in February, need help, the analyst wrote....
