Fed Exit Strategy? Preparing For Inflation: SPDR Gold Trust (GLD) et... -08/13/09 at 9:53 AM CDTby Brian Benton

Federal Reserve chairman Ben Bernanke used last week as an opportunity to address the Fed's exit strategy of removing the bank reserves that have been pumped into the banking system since September of last year. Of course, this will not happen until the Fed and our political leaders feel that both the banking system and the economy is on considerably soun...

Dendreon and the Criminal Capture of the FDA -08/13/09 at 9:30 AM CDTby Mark Mitchell

Who in the government helped sabotage Dendreon? Despite the lobbying by the captured doctors, despite the Wall Street whispering, despite the singing Sendek and the media mimics — despite all of this, it still seemed likely that the FDA would heed the advice of its advisory panel. Instead, the FDA told Dendreon that it would not yet approve its trea...

Former New York Times Company Contributor Gary Weiss Banned From Dail... -08/12/09 at 2:58 AM CDTby Reggie Abaca

Gary Weiss, a former contributor for Forbes, Salon and The New York (NYT) Times, has apparently been caught writing a blog on The Daily Kos with a false name and even discussing himself in the third person through an alter ego, “Tom Sykes”.  Andrew Perez, another blogger from the Daily Kos has stated that administrators have banned &ldquo...

Electronic Arts CFO Says EA No Longer Interested in Take Two Interactive -08/11/09 at 3:18 PM CDTby Perry Rod

In response to a question at the Pacific Crest Technology Leadership Forum in Vail, Colorado earlier today, Electronic Arts (ERTS) Chief Financial Officer Eric Brown offered EA's most definitive statement yet on a possible deal between Take Two (TTWO) Interactive Inc. and EA. "That's a deal whose timeframe has, you know, come and long gone. And so we're j...

"Lending" a Helping Hand [NYSE: TBT] -08/11/09 at 12:16 PM CDTby Brian Benton

Record debt auctions by the Treasury last week totaled $260 billion ($109 billion in Notes - not including the replacement of maturing securities in the Fed portfolio), including weak offerings of 2-year and 5-year Treasury Notes on Tuesday and Wednesday respectively. Indirect bids (some of which have traditionally been foreign official institutions) were...

DTS Inc. Provides GAAP Numbers Only, Masks Full Year Guidance Miss -08/10/09 at 5:07 PM CDTby Peter York

Earlier today, I wrote that investors in DTS Inc (DTSI). would likely be happy to learn about a note in Zoran Corporation's 10-Q filing stating that they incurred an 11 million expense "in connection with settlement of various intellectual property disputes."  I also noted that that in looking through many Zoran reports, I could not find any other i...

DTS Inc. Will Report 11 Million Dollar Settlement Gain, According to ... -08/10/09 at 9:07 AM CDTby Peter York

DTS Inc. (DTSI) investors may be pleased to learn later today that a settlement between Zoran Corporation and DTS resulted in an 11 million dollar gain for DTS. Buried in Zoran Corp's SEC Form 10-Q filing from August 5th is the following statement: "During the quarter ended June 30, 2009, the Company incurred one-time costs of $11.0 million in connectio...

SEC Enforcement Director Robert Khuzami Jokes About Causing The Marke... -08/09/09 at 12:11 PM CDTby Perry Rod

In a speech for the New York State Bar, Securities and Exchange Commission Enforcement Director Robert Khuzami made a joke that for some might be more telling that it is funny.  He stated: "I'm pretty proud of my own 100-day accomplishments. So how have things changed? Before I joined the Division in March, the Dow was struggling around 6500 points....

Goldman Sachs Predicts the Future -08/07/09 at 12:18 PM CDTby Perry Rod

Conspiracy theorists will love this.  Yesterday, Jan Hatzius, the chief U.S. economist at Goldman Sachs (GS) revised his forecast of job losses from 300,000 to 250,000. The prediction was very accurate.  Today, we learned that the number turned out to be 247,000. Is it golden analysis or does Goldman somehow own the government, as many have rec...

Peak Oil Driving Crude Prices -08/07/09 at 10:09 AM CDTby Reggie Abaca

With better than expected unemployment numbers today, one would think that the supply and demand spread for crude oil (OIL) would begin to narrow in upcoming months.  After all, economic improvement means more demand for oil, right? But while the market celebrates the jobs report this morning, crude oil prices are dropping.  Oil traders do not a...

When Dendreon Failed To Deliver -08/06/09 at 2:41 PM CDTby Mark Mitchell

On April 20, three weeks after the advisory panel vote, and one week after Dr. Scher’s missive appeared in The Cancer Letter, Forbes journalist Matthew Herper published a story arguing that there was a good chance the FDA would not approve Dendreon’s cancer treatment outright. “If the agency wants to ask Dendreon for more data, it certa...