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Daily Archives: November 29, 2006

Is Recession Around The Corner?

Posted: November 29, 2006 at 5:50 am

Stocks: (WMT)(HD)(GM)(F)(DCX)The storm flags are up. The economy is slowing to a walk, or perhaps worse. Deutsche Bank is lowering its Q4 GDP growth forecast to zero. Perhaps it does ...
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Music Download Business Gets More Crowded

Posted: November 29, 2006 at 5:31 am

Stocks: (RNWK)(NOK)(MOT)(AAPL)(MSFT)(SNDK)Nokia is talking about starting a music download business. It can now compete with Apple, RealNetworks and Sandisk, Microsoft, and a pack of smaller players like Napster. The huge ...
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Media Digest 11/29/2006 Reuters, WSJ, NYT

Posted: November 29, 2006 at 5:19 am

Stocks:  (TWX)(GM)(PFE)(HET)(COMS)(BAC)(C)(NOK)(LCC)According to Reuters, Time Warner said that it would not sell its British publishing arm IPC and ruled out bidding for European TV assets like ITV.Reuters writes that Fed ...
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Asia Markets 11/29/2006 Toshiba, Daiwa Securities, Bridgestone, China Netcom Up

Posted: November 29, 2006 at 5:02 am

Stocks:  (CAJ)(FUJ)(HIT)(HMC)(NIPNY)(NTT)(SNE)(TM)(CHL)(CN)(PCW)(HBC)Markets in Asia were up sharply.The Nikkei rose 1.4% to 16,076. Bridgestone rose 2.9% to 2490. Canon rose 1.7% to 6080. Daiwa Securities rose 4.4% to 1288. Fuji Film ...
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Pfizer: Who Needs Salesmen? (PFE)

Posted: November 29, 2006 at 4:48 am

Pfizer is going to fire 2,000 salesmen, 20% of its domestic sales force. Lehman Bros estimated that the move could save $440 million a year. The company's reasoning would appear ...
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Wal-Mart’s Hairbrained Video Rentals

Posted: November 29, 2006 at 4:36 am

Stocks:  (WMT)(AAPL)(AMZN)(BBI)Movielink and Amazon just let you download you rental video over the internet. Easy. Convenient.Wal-Mart has come up with the wacky idea that if you want to rent a ...
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