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Daily Archives: October 1, 2007

Pre-Market Analyst Calls (October 1, 2007)

Posted: October 1, 2007 at 6:46 am

AMR cut to Hold at Citigroup.ALVR raised to positive at Susquehanna.CHTR started as Overweight at JPMorgan.CME raised to Outperform at Wachovia.COMS cut to Neutral at UBS.COP cut to Sell at ...
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First UBS (UBS), Then Citi (C): Who Owns The Next Shoe?

Posted: October 1, 2007 at 6:46 am

UBS (UBS) and Citi (C) have both announced huge write-downs on their fixed income portfolios due to tight credit and deteriorating credit markets.Watch all of the big money center banks ...
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Citigroup (C) Sees Large Q3 Earnings Fall

Posted: October 1, 2007 at 6:34 am

According to MarketWatch, Citigroup (C) expects to report that third-quarter earnings will drop about 60% from a year earlier due to "dislocations in the mortgage-backed-securities and credit markets, and deterioration ...
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MarketWatch Launches Community Tools Package

Posted: October 1, 2007 at 5:58 am

Dow Jones (DJ) MarketWatch launched a new series of features that allows its readers to organize news and other features from the website and share them with others. MarketWatch Community ...
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Private Equity Walks Out On Acxiom (ACXM): Class Action Lawyers March In?

Posted: October 1, 2007 at 5:54 am

The trail of broken shareholder hearts does not seem to be coming to an end. Data management company Acxiom (ACXM) is in talks with ValueAct Capital and Silver Lake about ...
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GE (GE) Moves To Uncharted Waters Overseas

Posted: October 1, 2007 at 5:42 am

GE (GE) has been hoping that growth in the developing world would begin to offset slower sales in places like the US and Europe. It may be that they are ...
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Europe Markets 10/1/2007

Posted: October 1, 2007 at 5:33 am

Markets in Europe were narrowly mixed at 6.30 AM New York time.The FTSE rose .2% to 6,482. BT (BT) was up 311. Northern Rock fell 15.8% to 148.1. The DAXX ...
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Nokia (NOK): Pushing Further Into Portable Software?

Posted: October 1, 2007 at 5:15 am

There is word from The Wall Street Journal that Nokia (NOK) is in negotiations to buy Navteq (NVT), a navigation software company. The paper describes the company "as is one ...
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Microsoft (MSFT) Puts Some Of Office Software Online

Posted: October 1, 2007 at 5:04 am

Microsoft (MSFT) will allow people and companies that license it office software to put documents online so that they can be accessed from multiple computers and shared by people who ...
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Pfizer (PFE): Love Thy Neighbor, Until He Sues You

Posted: October 1, 2007 at 4:58 am

The Nigerian government is suing Pfizer (PFE) claiming that it "deceived patients and caused the death of 11 children in 1996 when it performed clinical trials for a new drug." ...
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Media Digest 10/1/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: October 1, 2007 at 3:13 am

According to Reuters, UBS (UBS) will write-off $3.4 billion, another victim of the credit crunch.Reuters writes that the Teamsters and UPS (UPS) have come to a new contract.Reuters writes that ...
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Asia Markets 10/1/2007

Posted: October 1, 2007 at 2:46 am

The Hang Seng and Shanghai were closed for holidays.The Nikkei rose .3% to 16,847. Docomo (DCM) fell 1.2% to 162000. Sony (SNE) rose 1.4% to 6650. Douglas A. McIntyre ...
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