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Daily Archives: May 23, 2007

Northfield Labs Heads Permanently South

Posted: May 23, 2007 at 7:49 am

Northfield Labs (NFLD-NASDAQ) just faced what may the knockout blow for the company.  The company has been working for years now on studies for PolyHeme, its blood substitution product.  This ...
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Pre-Market Stock News (May 23, 2007)

Posted: May 23, 2007 at 7:11 am

(AA) Alcoa trading up 2% on hopes that the Alcan rebuff will put into play.(AL) Alcan denied the Alcoa takeover attempt as “insufficient” and shares up over 3% on hopes ...
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Earlybird Analyst Calls (May 23, 2007)

Posted: May 23, 2007 at 6:26 am

ADI cut to Neutral at JPMorgan, cut to Neutral at Credit Suisse.AEP raised to Overweight at Lehman.ARRY started as Overweight at JPMorgan.AZO cut to Hold at Citigroup.BBEP cut to Hold ...
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Alcan (AL): The Big Risk Of Saying “No”

Posted: May 23, 2007 at 5:19 am

Alcan (AL) turned down a buy-out offer from rival aluminum company Alcoa (AA). Rumors are that the Canadian company is now in talks with Australian metal giant BHP Billiton (BHP), ...
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Europe Markets 5/23/2007

Posted: May 23, 2007 at 4:41 am

Markets in Europe were up at 5.35 AM New York time.The FTSE rose .4% to 6,630. Barclays (BCS) was up 1% to 724, GlaxoSmithKline (GSK) was down 1.5% to 1350. ...
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Media Digest 5/23/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: May 23, 2007 at 3:53 am

Reuters writes that Alcan (AL) is in talks with fellow metals company BHP Billiton (BHP) about a merger after rejecting an offer from Alcoa (AA).Reuters also reports that California savings ...
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Asia Markets 5/23/2007 Shanghai Rises Again

Posted: May 23, 2007 at 3:24 am

Markets in Asia were mixed.The Nikkei rose .1% to 17,705. NEC (NIPNY) fell 1.7% to 621. Toyota (TM) rose .8% to 7300.The Hang Seng fell .1% to 20,820. China Unicom ...
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Alcan (AL) Rejects Alcoa, Talks To BHP Billiton (BHP)

Posted: May 23, 2007 at 3:11 am

Alcan (AL) rejected Alcoa's (AA) $27 billion talkeover bid as inadequate, even though it had taken Alcan's shares up to over $81.But, Alcan is sly. It appears that the company ...
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Short Selling Pain, Broken Down By Sector

Posted: May 23, 2007 at 12:05 am

Yesterday was a bit of a shocker when you realize that NYSE short interest was coming out on basically record levels.  Unfortunately not every sector could be covered, but we ...
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