Max Keiser

Keiser Report: Drilling for Fraud (E530, ft. Red Pepper of Nonsense)

[youtube jbdI4FBwMSE] In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the breatharian diet in central banking where credit is created out of thin air and expected to sustain and nurture the economy. Max suspects that Ben Bernanke is walking on paper, Janet Yellen is doing a Travis Bickle (“You buying from me?”) and both are drilling for fraud with artificially low interest rates. […]

Stock Analysts

Northrop Gets DoD Contract

Shares of aerospace and defense operator Northrop Grumman Corp. ( NOC ) moved up thanks to steady order wins from the defense establishments. The shares of Northrop ended at $113.95 on Wednesday gaining 2.3% in three days. […]

Stock Analysts

GW Pharma’s Sativex Gets Swiss Nod

GW Pharmaceuticals’ ( GWPH ) sole marketed drug Sativex is currently approved in 23 countries across the globe for the treatment of spasticity due to multiple sclerosis (MS). The 23 rd country where drug received approval is Switzerland. GW Pharma gained Swiss approval for Sativex for the treatment of moderate-to-severe spasticity in MS patients non-responsive to other anti-spasticity therapies […]

Stock Analysts

Nokia to Present Lumia 525

Finnish handset manufacturer, Nokia Corporation ( NOK ) has unveiled Lumia 525 – an advanced version of its flagship product Lumia 520. The new device is expected to cost the same as its successor Lumia 520 and will initially be launched in the Asia Pacific, Africa and the Middle East. Like Lumia 520, the new device features Qualcomm Inc […]

Stock Analysts

CarMax Stays at Neutral

On Nov 28, 2013, we maintained our Neutral recommendation on CarMax Inc. ( KMX ) based on its increasing revenues, focus on the used-vehicle market and aggressive store expansion strategy, which offset the negatives. Why the Reiteration […]

Stock Analysts

Orchids’ Infra Upgrade Investment

An ambitious plan to invest $30.4 million by Orchids Paper Products Company ( TIS ), an integrated manufacturer of tissue paper products, failed to cheer markets as shares remained almost flat. The investment aims to upgrade Orchids’ infrastructure for paper manufacturing and converting assets in Pryor, Okla., to improve production capacity and reduce operating costs in order to create long-term value for shareholders. Orchids intends to replace two existing paper machines and start-up in approximately 20 months. […]

Stock Analysts

Orange Westbound for Wireless Scope

Orange ( ORAN ), the erstwhile France Telecom S.A. is considering entry into Canadian wireless market as it pursues global opportunities to compensate for increased competition in its home market. Though Orange is already present in Canada through its business service unit, entry into the country’s wireless market will bring a much wider business scope for the carrier […]

Stock Analysts

Harsco Closes Infra Biz Deal

Harsco Corporation ( HSC ) and Clayton, Dubilier & Rice ("CD&R") recently announced the successful completion of a pending transaction to sell Harsco's Infrastructure division into a joint venture (JV) between the two companies. Harsco will receive around $300 million in cash and a 29% equity stake in the JV, valued at $225 million. In September this year, Harsco had announced the above mentioned deal with Clayton, Dubilier & Rice, a private investment firm […]

Stock Analysts

TSX Accepts Pan American’s Share Buyback

The Toronto Stock Exchange (“TSX”) has accepted Pan American Silver Corp ’s ( PAAS ) notice stating its intention to repurchase shares. The silver miner has proposed to make a normal course issuer bid for repurchasing up to 7,570,535 amount of its common stock, representing up to 5% of the company's issued and outstanding shares as of Nov 14, 2013. […]

Stock Analysts

Still Neutral on Novatel

On Nov 26, we maintained our Neutral recommendation on Novatel Wireless Inc. ( NVTL ), as the company’s top and bottom lines missed the Zacks Consensus Estimate in the recently concluded quarter. […]

Stock Analysts

Fifth Third to Redeem $750M TruPS

In an effort to ease its debt pressure, Fifth Third Bancorp ( FITB ) announced to redeem its outstanding 6.50% trust preferred securities (TruPS) issued by Fifth Third Capital Trust IV. The redemption of securities worth $750.0 million is scheduled to take place on Dec 30, 2013. Fifth Third fixed the price of redemption of these TruPS at $1,000 per share, which is 100% of the liquidation amount […]