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Daily Archives: September 5, 2007

AtheroGenics Gets Knocked Down

Posted: September 5, 2007 at 8:41 am

Drug developer AtheroGenics (AGIX) said Wednesday its failed heart-drug candidate showed signs it may be effective as an oral anti-diabetic drugThe company is currently recruiting patients for a Phase III ...
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Mortgage Impact on GOOG, YHOO, RATE, TWX–OpCo

Posted: September 5, 2007 at 8:29 am

From Silicon Alley InsiderOppenheimer analyst Sandeep Aggarwal has weighed in on the mortgage-impact-on-online-advertising debate with a careful, lengthy analysis.  Despite cutting estimates on Google (GOOG), Yahoo (YHOO), and other Internet ...
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Applix Becoming a Cognos Unit (APLX, COGN)

Posted: September 5, 2007 at 8:03 am

Cognos Inc. (COGN) and Applix Inc. (APLX) have announced a definitive agreement for Cognos to acquire Applix in a cash acquisition valued at $17.87 per share.  This equates to $339 ...
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Firings Sky-Rocket

Posted: September 5, 2007 at 7:06 am

Challenger, Gray & Christmas says that announced lay-offs rose 85% from July and August, driven by job cuts in the financial and mortgage brokerage industries. Financial job cuts totaled 35,752 ...
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Pre-Market Analyst Calls (September 5, 2007)

Posted: September 5, 2007 at 6:57 am

BA started as Hold at Deutsche Bank.BP raised to Outperform at Sanford Bernstein.BRKL cut to Mkt Perform at FBR.CHKP raised to Outperform at FBR.CPHD cut to Neutral at UBS.CS cut ...
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Lowe’s Needs More Stores

Posted: September 5, 2007 at 6:55 am

A recent survey showed that home improvement customers like Lowe's (LOW) better than Home Depot (HD) when it comes to including product selection and customer service, according to the Dow ...
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Another Risky Up-Grade For Motorola

Posted: September 5, 2007 at 6:36 am

Credit Suisse is bullish on Motorola (MOT). It believes that the RAZR2 will do well and that the company could pick up market share beginning in Q4.The call seems to ...
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GM Sells One Million Cars In China

Posted: September 5, 2007 at 6:28 am

GM (GM) says it will sell a million cars in China this year. According to Reuters, the Chinese market will buy 8.5 million new cars this year, putting GM's share ...
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Qualcomm’s Legal Tactics Fail Again

Posted: September 5, 2007 at 5:24 am

A Federal appeals court opened the door for Broadcom (BRCM) to press antitrust legal action against its larger rival Qualcomm (QCOM). The move is another set-back for Qualcomm which is ...
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US: Lenders Should Fight Foreclosures

Posted: September 5, 2007 at 5:17 am

Lenders should "review to determine the full extent of their authority to identify borrowers at risk of default" and find a way to keep the borrower in a home, the ...
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Europe Markets 9/5/2007

Posted: September 5, 2007 at 5:10 am

Markets in Europe were off slightly at 6.10 AM New York time.The FTSE fell .3% to 6,359. HSBC (HBC) fell .9% 890. Tesco was off 1.4% 430.75.The Daxx dropped .4% ...
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Pfizer: Stay On That Lipitor

Posted: September 5, 2007 at 5:00 am

Patients who swtich from Pfizer's (PFE) monster selling drug cholesterol pill Lipitor to Merck's (MRK) Zocor, now available in generic form are more likely to have a heart attack or ...
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AMD: Another Sales Chief Leaves

Posted: September 5, 2007 at 4:53 am

AMD (AMD) lost it chief sales and marketing officer two weeks ago.Yesterday, its senior vice president of world-wide sales hit the bricks. AMD shares have moved up recently on several ...
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CostCo Slows

Posted: September 5, 2007 at 4:49 am

CostCo (COST) same-store sales rose only 2% during the last month. Comparable sales for the four-week retail-reporting month of August, the 16-week fourth quarter and the 52-week fiscal year 2007 ...
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Microsoft Goes After Adobe Flash

Posted: September 5, 2007 at 4:38 am

Microsoft (MSFT) launches its Silverlight rich media development software this week. It will compete directly with Adobe (ADBE) Flash. The Flash player sits on over 700 million PCs and a ...
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