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Daily Archives: July 18, 2007

Pre-Market Analyst calls (July 18, 2007)

Posted: July 18, 2007 at 6:47 am

ACI cut to Hold at Citigroup.AKAM started as Outperform at FBR.BAGL started as Outperform at Piper Jaffray.BTU cut to Hold at Citigroup.CPB raised to Outperform at Bernstein.DAC started as Outperform ...
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JP Morgan (JPM) Investment Banking Numbers Fall From Q1

Posted: July 18, 2007 at 6:16 am

JP Morgan (JPM) announced earnings. The second-quarter net income of $4.2 billion compared with net income of $3.5 billion for the second quarter of 2006. Earnings per share of $1.20 ...
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Pfizer’s (PFE) Bad Hair Day

Posted: July 18, 2007 at 5:59 am

Not a good quarter for Pfizer (PFE). Second quarter revenue fell 6% to $11.1 billion. Net income was down 48% to $1.3 billion.The loss of U.S. exclusivity for Zoloft and ...
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KKR And Macy’s (M)

Posted: July 18, 2007 at 5:49 am

Women's Wear Daily says that KKR is close to a deal to buy Macy's (M). The price would be about $52 a share. The stock currently trades a $40.Douglas A. ...
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3Com (COMS) For Sale

Posted: July 18, 2007 at 5:37 am

It appears that private equity interests are about to take 3Com (COMS) off the market. Silver Lake Partners and Bain Capital have apparently stopped by. As The Wall Street Journal ...
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Research In Motion (RIMM) Counters Apple (AAPL)

Posted: July 18, 2007 at 5:21 am

Research In Motion (RIMM) is not standing still. It will introduce a new version of its Blackberry that runs on both cellular networks and WiFi. Odd as it may seem, ...
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Europe Markets 7/18/2007

Posted: July 18, 2007 at 5:10 am

Markets in Europe were off sharply at 6.05 AM New York time.The FTSE fell .9% to 6,601. BHP Billiton (BHP) was off 1.7% to 1460. Prudential (PUK) was down 1.4% ...
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Sony (SNE) Goes After Nintendo Portable

Posted: July 18, 2007 at 4:58 am

Sony (SNE) is tired of having sand kicked in its face by Nintendo. The smaller company's Wii game platform handily outsells the PS3 and will probably continue to do so, ...
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Altria (MO) Gets A Rival

Posted: July 18, 2007 at 4:31 am

Imperial Tobacco (ITY) is buying rival Altadis for almost $18 billion. The combination would create the largest tobacco company in Europe and largest cigar company in the world. The new ...
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Bear Stearn’s (BSC) Train Wreck

Posted: July 18, 2007 at 4:12 am

According to Bear Stearns (BSC), the two funds that it has which invested in sub-prime debt instruments now have little or no value. As The Wall Street Journal writes: "Investors ...
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GM’s (GM) Diesel Dreams

Posted: July 18, 2007 at 4:06 am

GM (GM) has bought 50% of diesel engine company VM Motori. Newer clean diesel engines are being viewed as an alternative to hybrid models for delivering fuel-efficient cars and trucks.With ...
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Warner Music (WMG) Ditches EMI As Music Industry Fall Apart

Posted: July 18, 2007 at 3:56 am

Warner Music Group (WMG) says it will not make another bid for rival music publisher EMI. It may simply be that the industry has become too brutal for Warner to ...
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Media Digest 7/18/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: July 18, 2007 at 3:17 am

According to Reuters, the board of Dow Jones (DJ) has approved a $5 billion offer from News Corp (NWS).Reuters writes that British Imperial Tobacco has agreed to buy rival firm ...
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Asia Markets 7/18/2007

Posted: July 18, 2007 at 2:56 am

Markets in Asia were mostly down.The Nikkei fell 1.1% to 18,016. Hitachi (HIT) fell 1.4% to 861. NTT (NTT) rose .6% to 543000. Toyota (TM) fell 1.3% to 7460.The Hang ...
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Dow Jones Board Approves Murdoch Deal

Posted: July 18, 2007 at 2:45 am

The board of Dow Jones (DJ) has approved a deal to sell the company to News Corp (NWS) for $5 billion.The deal now goes to the Bancroft family, who still ...
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