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Daily Archives: November 2, 2007

Citigroup (C) CEO To Offer Resignation

According to a report in The Wall Street Journal, Citigroup (C) CEO Charles Prince will offer his resignation at a board meeting on Sunday.There is speculation that the bank will ...
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The 52-Week Low Club: Merrill Lynch (MER) And Citigroup (C)

AMBAC (ABK) Bond insurance company dropping like a rock on fears that it has huge exposures to CDOs. Down to $21.62 from 52-week high of $96.10.Security Capital Assurance (SCA) Another ...
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The Business Day In Global Warming (FPL, ITRI, PEFF, BF, MMM, CPOW, GE, YGE, AKNS, PGN, SI, STP, XOM)

This is the crus of the news regarding Global Warming and the public companies that made announcements over the last 36 hours:FPL Group (NYSE:FPL) chairman called the Climate Bill "Well ...
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IPO Filing: NameMedia, A Domain Seller & Domain Squatter

NameMedia has filed to come public in a stock offering valued up to $172.5 million as far as the initial filing indications.  Lead underwriters are indicated as Credit Suisse and ...
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Ambac (ABK) Ratings: The Idiots At Moody’s (MCO)

Moody's (MCO) give credit rating of "Aa1" to both Ambac (ABK) and MBIA (MBI). But, no one else on Wall St. seems to see it that way.According to Reuters "at ...
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The Week In Stock Buybacks (DELL, CROX, XOM, UNH, HNT, IMMR, ACXM, HAR, ATI, AYI, EPIC)

This might not be that unusual for a volatile week during earnings season, but this was a fairly active week for share buyback news announcements.  Some are new and some ...
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Proxy Advisory Service Recommends XM Satellite (XMSR) Shareholders Vote For Merger

Three days ago proxy advisory firm Glass, Lewis & Co. recommended shareholders of Sirius Satellite Radio (SIRI) and shareholders and XM Satellite Radio (XMSR) vote for a combination of the ...
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Lazard Defending Itron (ITRI)

Sanjay Shrestha, Managing Director, Senior Analyst, Alternative Energy & Industrials at Lazard Capital Markets is maintaining his "BUY" rating on Itron Inc. (NASSDAQ:ITRI) after a big drop from earnings.  The ...
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Next Week’s Top Billing: Cisco Systems Earnings Report (CSCO)

On Wednesday, November 7, 2007, Cisco Systems (NASDAQ:CSCO) will report earnings, and needless to say this will be perhaps the most important event next week.  On last look, the First ...
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TheStreet.com Diversification Buyout, Going After Bankrate Territory (TSCM, RATE)

TheStreet.com (NASDAQ:TSCM) is making an acquisition that is moving away from investor news, research, statistics, and other content data.  The content provider is acquiring Bankers Financial Products Corp., including BankingMyWay ...
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Ford (F) Deal With UAW Close

According to the Detroit News, Ford (F) is close to having a final deal with the UAW. "Sources familiar with the situation told The Detroit News a deal could come ...
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Pre-Market Earnings Gappers (November 2, 2007)

(ALY) Allis-Chalmers $0.37 EPS vs $0.36 est.(ASVI) A.S.V. Inc. $0.13 EPS vs $0.19 est.(BEBE) bebe stores traded up 3% despite slight revenue miss.(CBB) Cincinnati Bell $0.09 EPS vs $0.08 est.(CI) ...
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Pre-Market Analyst Calls (November 2, 2007)

ACW raised to Neutral at R.W.Baird.AGU cut to sector perform at CIBC.ARP cut to sector perform at CIBC.BBBB cut to Neutral at R.W.Baird.BKC started as Buy at UBS.CCE raised to ...
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PetroChina (PTR) Shares To Double?

When shares of PetroChina (PTR) begin to trade on the Shanghai exchange on Monday, they may double from their IPO price. The company raised $9 billion in its offering.According to ...
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Siemens (SI) Wants To Do Better Than GE, But It Already Does

The new CEO of Siemens (SI) wants margins more like those at GE (GE), which is in many of the same businesses. Oddly enough, over the last year, Siemens shares ...
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