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Daily Archives: October 15, 2007

Anadarko Spinning Off Western Gas Partners in MLP IPO (APC, WES)

Posted: October 15, 2007 at 7:18 am

Anadarko Petroleum Corp. (NYSE:APC) has filed for an IPO of its Western Gas Partners, LP, for some $452.8 million.  The company has a proposed sale of 18.75 million units with ...
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Pre-Market Analyst Calls (October 15, 2007)

Posted: October 15, 2007 at 6:46 am

AGU raised to Outperform at CIBC.BEAS cut to Peer Perform at Bear Stearns; cut to Hold at Citigroup.BJ cut to Sell at B of A.BKUNA cut to Neutral at JPMorgan.CHA ...
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PetroChina (PTR) Passes GE (GE) In Market Cap

Posted: October 15, 2007 at 6:42 am

The news should cause some concerns or perhaps weeping among US investors who see big US companies as the pride of the global corporate fleet.PetroChina (PTR), China's big oil company,  ...
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Google: Best Bell Weather For US Earnings

Posted: October 15, 2007 at 6:08 am

Google (GOOG) has changed a great deal in the last two years. It is not just the bigger revenue and the growing share of market. It is not that the ...
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Citigroup (C) Forecast Was Right, It Has A Bad Quarter

Posted: October 15, 2007 at 5:44 am

Citigroup's (C) quarter was as bad as advertised. The bank reported net income for the 2007 third quarter of $2.38 billion, or $0.47 per share, a decline of 57% from ...
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A Sucker Rally In Ford (F)

Posted: October 15, 2007 at 5:36 am

Shares in Ford (F) are up almost 25% this year. Toyota's (TM) are down about 15%. GM (GM) is the share price champion, rising about 35% since January 1.Ford does ...
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Broadcom’s (BRCM) Plan To Bring Down CellPhone Prices

Posted: October 15, 2007 at 5:23 am

Perhaps the largest single problem in the handset market is that unit prices are falling sharply. Recent earnings releases from Sony Ericsson and Samsung show good growth in the number ...
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Pfizer’s Dump Internet Program

Posted: October 15, 2007 at 5:14 am

Pfizer (PFE) is hooking up with doctor social network Sermo. According to The Wall Street Journal: "Pfizer-affiliated doctors will be able to talk candidly with the site's 31,000 members, potentially ...
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Gabelli Gets Sick Of Cablevision (CVC) LBO Price

Posted: October 15, 2007 at 5:00 am

Cablevision (CVC) is supposed to go private in a transaction lead by the company's founding Dolan family. The shares currently trade at $34.Uber-fund manager Maria Gabelli, whose investment companies hold ...
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A Death Notice From Medtronic (MDT)

Posted: October 15, 2007 at 4:43 am

Medtronic (MDT) is warning doctors and patients to look at the company's latest "defibrillator models because it was prone to a defect that has caused malfunctions in hundreds of patients ...
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Media Digest 10/15/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: October 15, 2007 at 3:15 am

According to Reuters, Citigroup (C) and other large banksare planning to create a roughly $80 billion fund to buy ailing mortgage securities and other assets.Reuters writes that Medtronic (MDT) is ...
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Asia Markets 10/15/2007

Posted: October 15, 2007 at 2:47 am

Markets in Asia rose.The Nikkei was up .2% to 17,358. Docomo (DCM) was down 1.2% to 164000. Softbank was up 3.5% to 2630. Toyota (TM) was down 1.7% to 6450.The ...
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