Justice Department

The Wall Street Journal is reporting that the U.S. Justice Department (DOJ) is looking into prospective bidders, including Google (NASDAQ: GOOG) and Apple (NASDAQ: AAPL), for patents from bankrupt Canadian telecom-equipment maker Nortel Networks. As part of its bankruptcy proceedings, Nortel is...

Anadarko Petroleum (NYSE: APC), which held a 25% non-operating interest in the Macondo well project, is liable for damages under the Oil Pollution Act and Clean Water Act, the Justice Department claims, according to a report by Bloomberg News. Texas-based Anadarko asked a federal judge to dismiss...

It is usually Goldman Sachs (NYSE: GS) doing the downgrading, but the banking giant got a taste of its own medicine this morning as the company was cut from Buy to Neutral by Rochdale Securities analyst Richard Bove. The price target was also slashed from $188 to $163. The downgrade comes despite...

Best 1) China Automotive Systems (NASDAQ: CAAS): Skyrocketing 38.57% to $11.28 after reporting that preliminary Q4 sales were ahead of consensus estimates. Looks like a short squeeze is taking place. 2) Genetic Technologies (NASDAQ: GENE): Currently up 15.85% to $3.09. Shares have been surging (...

Best 1) China Automotive Systems (NASDAQ: CAAS): Skyrocketing 36.49% to $11.14 after reporting that preliminary Q4 sales were ahead of consensus estimates. Looks like a short squeeze is underway. 2) Genetic Technologies (NASDAQ: GENE): Currently up 22.6% to $3.25. Shares have been surging since...

Best 1) China Automotive Systems (NASDAQ: CAAS): Skyrocketing 36.36% to $11.10 after reporting that preliminary Q4 sales were ahead of consensus estimates. Looks like a short squeeze is underway. 2) Genetic Technologies (NASDAQ: GENE): Currently up 20.38% to $3.19. Shares have been surging since...

Best 1) Conn's (NASDAQ: CONN): Shares are surging 15.91% to $6.41. 2) China Automotive Systems (NASDAQ: CAAS): Ascending 15% to $9.39 after reporting that preliminary Q4 sales were ahead of consensus estimates. 3) Tempur-Pedic International (NYSE: TPX): Gaining 13% to $57.62 after raising its...

Best 1) Expedia (NASDAQ: EXPE): Surging 14.29% to $25.60 after the company revealed its plan to eventually separate its online travel business into two publicly traded equities. 2) Seagate Technology (NASDAQ: STX): Popping 7.69% to $15.75 in the early morning hours. The company said last night...

According to Gary Shilling, Americans are correct in their belief that the economy has not bottomed as yet and that the US has just seen the beginning of a prolonged period of economic depression. Although his forecast for the GDP growth of an average of 2% for the next ten years is not bad, it is...

German auto maker Daimler AG (NYSE: DAI) has agreed to settle a long pending bribe case with the U.S. Daimler (DAI) was accused of violating U.S. anti-bribery laws. Reportedly, the automaker has paid millions of dollars in bribes for obtaining business overseas. According to the agreement, Daimler...

Shares of both Live Nation, Inc. (NYSE: LYV) and Ticketmaster Entertainment, Inc. (Nasdaq: TKTM) surged nearly 10% today on news from CNBC financial television that the Justice Department would approve the two companies' merger. The merger, which was first announced in February of last year, will...