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Daily Archives: August 28, 2007

The 52-Week Low Club

Posted: August 28, 2007 at 3:02 pm

Neurochem (NRMX) Continues to race for the bottom. On Monday, the company said its Alzheimer's disease treatment candidate, Alzhemed, failed a late-stage trial. The NRMX says it has 15 to ...
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Yahoo! Finance In Trouble

Posted: August 28, 2007 at 10:03 am

When MySpace "founder" Brad Greenspan tried to buy Dow Jones (DJ) he suggested that the company could start a competitor to Yahoo! (YHOO) Finance. In his letter to the DJ ...
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Pfizer: New Life For Lipitor As Alzheimer’s Treatment

Posted: August 28, 2007 at 9:19 am

A new medical study shows that people who take statins, cholesterol-lowering drugs, appear to be less likely to develope Alzheimer's, one of the most damaging and fastest growing diseases. Pfizer's ...
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Can Motorola Buy Itself Out Of Trouble?

Posted: August 28, 2007 at 9:03 am

It is very old news that Motorola's handset business is broken, and, with competitors like Samsung, may never fully recover. In the June quarter, revenue for that business fell from ...
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Xoma Gets A Boost

Posted: August 28, 2007 at 8:38 am

Biopharmaceutical company Xoma (XOMA) is having its luck day. After its stock traded down as low as $2.24, its shares are up almost 20% today on news that it bacterial ...
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The Tyco Aftermath (TYC, TEL, COV)

Posted: August 28, 2007 at 8:20 am

Tyco International Ltd. (NYSE:TYC) is one of those strange spin-off and restructuring stocks that has not done well since the company broke itself up.  The Tyco Electronics (NYSE:TEL) and Covidien ...
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Google Gets CNN

Posted: August 28, 2007 at 7:34 am

Google (GOOG) has signed an exclusive deal with Time Warner's (TWX) CNN to use the search engine's AdSense advertising program for text-based ads. According to GOOG: "Through this collaboration, the ...
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Pre-Market Stock News (August 28, 2007)

Posted: August 28, 2007 at 7:22 am

(ADLS) Adbvanced Life Sciences gets orphan drug designation from FDA for its metastatic melanoma indicated treatment.(BCS) Barclays indicated down 2% pre-market on loss exposure to outside loans.(BNI) Burlington Nothern Santa ...
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Pre-Market Analyst Calls (August 28, 2007)

Posted: August 28, 2007 at 7:15 am

BMTI started as Outperform at Wachovia.BSC downgraded to Neutral at Merrill Lynch.C downgraded to Neutral at Merrill Lynch.DISCA started as Neutral at JPMorgan.DTE downgraded to Hold at KeyBanc/McDonald.GPS raised to ...
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The Web Ruins The Printer Business

Posted: August 28, 2007 at 7:04 am

Hewlett=Packard (HPQ) has set out on a big campaign to get Web 2.0 users to make greater use of its printers. HP's printer business is not only large, it's profitable. ...
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Orphan Drug Status Given to Advanced Life Sciences For Metastatic Melanoma (ADLS)

Posted: August 28, 2007 at 6:58 am

Advanced Life Sciences Holdings, Inc. (Nasdaq:ADLS) has announced that the FDA has granted an 'Orphan Drug Designation' to its oncology product, ALS-357, for the topical treatment of metastatic melanoma.  ALS-357 ...
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Maybe Warren Buffett Prefers Nickel & Dime Railroad Additions Over a Whale of a Deal (BNI, BRK-A)

Posted: August 28, 2007 at 6:33 am

Shares of Burlington Northern Santa Fe Corp. (NYSE:BNI) are indicated higher Tuesday after Warrner Buffett's Berkshire Hathaway (NYSE:BRK-A) upped its stake in the railroad company.  In a filing from Monday ...
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Will Hedge Fund Renaissance Technologies Sell A Stake?

Posted: August 28, 2007 at 5:13 am

Maybe the hedge fund business is not so bad off after all. Or perhaps the management of some of the larger funds see the current turmoil in the markets as ...
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Europe Markets 8/28/2007

Posted: August 28, 2007 at 5:05 am

Markets in Europe are lower at 6 AM New York time.The FTSE is off .5% to 6,187. Barclays (BCS) is down 2.4% to 596.5. Pearson (PSO) is down 1.5% to ...
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Another AMD Downgrade

Posted: August 28, 2007 at 4:56 am

If Wall St. keeps downgrading AMD (AMD), there will be nothing but "sells" on the stock and analysts will have no place to go if things at the chip company ...
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