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Daily Archives: November 6, 2007

Momenta Pharma (MNTA) Down 46%

Posted: November 6, 2007 at 9:35 am

Shares of Momenta Pharma (MNTA) are off 46% to $7.27, a 52-week low. The company said said Tuesday the Food and Drug Administration denied approval for its blood clot drug ...
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GTX Soaring On Merck Collaboration (GTXI, MRK)

Posted: November 6, 2007 at 8:37 am

GTx, Inc. (NASDAQ: GTXI) is seeing shares trade sharply higher on a collaboration pact with Merck (NYSE: MRK).  The biotech and drug giant pact is for research and development and ...
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Pre-Market Stock News (November 6, 2007)

Posted: November 6, 2007 at 8:25 am

Archer-Daniels Midland (ADM) $0.71 vs. $0.59 est.Asset Acceptance Corp. (AACC) -$0.05 EPS vs -$0.05 est.Beazer (BZH) cutting 1/4 workers and suspends dividend; sees new order down 50%.Church & Dwight (CHD) ...
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Newspapers Will Try To Compete With Internet Portals

Posted: November 6, 2007 at 8:10 am

Big city newspapers want what they lost to portals like Yahoo! (YHOO) and MSN. They want their advertising back. According to The Chicago Tribune "sources close to the situation said ...
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Pre-Market Analyst Calls (November 6, 2007)

Posted: November 6, 2007 at 7:57 am

Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBNAbercrombie ...
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Citigroup (C) Board Gets Attacked

Posted: November 6, 2007 at 7:38 am

"Directors are not like some kind of 1950s housewife who was always the last to learn about the misadventures of her husband," said J. Richard Findlay, head of The Centre ...
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The Turnaround At Sun (JAVA) Is Dead

Posted: November 6, 2007 at 7:03 am

Jonathan Schwartz, the CEO of Sun (JAVA) has a famous blog. One of the recent entries might come back to haunt him. He said that Sun would be "combining our ...
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More Questions From FCC Bode Ill For Sirius (SIRI) And XM Satellite (XMSR)

Posted: November 6, 2007 at 6:36 am

The good news is that the FCC sent detailed questionnaires to XM Satellite (XMSR) and Sirius (SIRI) about their businesses in contemplation of deciding the fate of the merger of ...
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Europe Markets 11/6/2007

Posted: November 6, 2007 at 6:22 am

Markets in Europe were slightly higher at 6.20 AM New York time.The FTSE rose .2% to 6,474. Barclays (BCS) fell 1.8% to 512. Rio Tinto (RTP) rose 2.1% to 4285.The ...
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China To Raise Oil Production, Further Pushing Global Demand

Posted: November 6, 2007 at 6:02 am

China raised prices on diesel last month. The hope was to cut back use of trucks and drive down demand. With the price of oil at $95, all those vehicles ...
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The Management Deals Get Better At Countrywide (CFC)

Posted: November 6, 2007 at 5:50 am

Stock options are supposed to be an incentive for doing well. They are priced the day of the grant. If the share price goes up, they have value and can ...
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Ford (F) Warns Things Could Get Worse

Posted: November 6, 2007 at 5:40 am

Ford (F) will be putting over $13 billion into a fund which the UAW will use to pay health-care costs. That will take the liability for these expenses off Ford's ...
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Media Digest 11/6/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: November 6, 2007 at 4:09 am

According to Reuters, Google (GOOG) launched a new mobile phone initiative with a number of handset makers and cellular carriers.Reuters writes that an analysts covering the financial industry expects more ...
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Asia Markets 11/6/2007 Alibaba Up 165%

Posted: November 6, 2007 at 3:46 am

China e-commerce company Alibaba moved up 165% after its IPO.Markets in Asia were mixed  The Nikkei fell .1% to 16,250. Honda (HMC) fell 3.3% to 3190. Sony (SNE) fell 1.8% ...
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