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Daily Archives: November 13, 2007

Wendy’s (WEN) Offer From Peltz, But Price Is Secret

Posted: November 13, 2007 at 6:24 pm

The Associated Press writes "billionaire investor Nelson Peltz submitted an offer to buy Wendy's  International Inc. (WEN), but the proposed price is below what he previously said the nation's third-largest ...
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S&P Says Mortgage Problems To Worsen In 2008

Posted: November 13, 2007 at 6:04 pm

CNN Money reports "the chaos in the mortgage markets is only going to get worse in 2008 and will put a dent in U.S. mortgage bank earnings, according to a ...
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The Business Day In Global Warming (XEL, FTEK, AIG, SYNM, AKNS, USBE, DASTY, CLNE, DSTI, FSLR, HOKU, PBW, GEX)

Posted: November 13, 2007 at 5:02 pm

Xcel Energy’s (NYSE:XEL) 345-kilovolt transmission line along with two major 115 kV lines will deliver the power into the Minnesota High voltage transmission grid allowing delivery of the power from ...
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Prudential’s Aggressive Share Repurchases (PRU)

Posted: November 13, 2007 at 4:14 pm

Prudential Financial, Inc. (NYSE:PRU) has declared an annual dividend for 2007 of $1.15 per share of Common Stock, which represents an increase of 21% percent over the 2006 dividend.But perhaps ...
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Affymetrix Year-Lows On Debt..No Good Deed Goes Unpunished (AFFX)

Posted: November 13, 2007 at 4:03 pm

Affymetrix (NASDAQ:AFFX) was a bit of a puzzling stock today when we saw it had hit a 52-week low after a proposed $250 million convertible note offering.  After the near-10% ...
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The 52-Week Low Club

Posted: November 13, 2007 at 4:00 pm

Aca Capital (ACA) S&P cuts rating after big loss. Drops to $1.60 from 52-week high of $16.55. Quebecor World (IQW) Refinances company, brings on new debt. Falls to $4.12 from ...
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Should Cisco Really Trade Under $30 (CSCO, JNPR, FDRY, MSFT, ALU, NT)

Posted: November 13, 2007 at 1:59 pm

Cisco Systems Inc. (NASDAQ:CSCO) has traded under $30.00 since its earnings report, and 24/7 Wall St. wanted to compare and contrast this drop to a prior trough from years before.  ...
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How Fast Are Clients Leaving E*Trade (ETFC)?

Posted: November 13, 2007 at 1:04 pm

It would be fair to assume that a number of frightened customers are leaving E*Trade (ETFC) for other brokerage firms. but there is not much solid evidence of how fast ...
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Online Retail Sales Show Modest Increase In October

Posted: November 13, 2007 at 12:53 pm

E-Commerce sales for the first month of the holiday season, October, showed a modest increase of 19% to $8.4 billion (excluding travel). The categories that drove online sales were video ...
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SIRIUS Approves Merger, But Will Regulators Care (SIRI, XMSR)

Posted: November 13, 2007 at 12:17 pm

SIRIUS Satellite Radio Inc. (NASDAQ:SIRI) announced that its stockholders voted to approve an amendment to its certificate of incorporation and the issuance of SIRIUS common stock to accomodate its merger ...
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Bank Of America (BAC) Set Write-Off, Shares Rally

Posted: November 13, 2007 at 12:05 pm

Irony, they name is Wall St.Bank of America (BAC) shares are up 3.3% on news that the firm will take a write-down because it "has suffered a $3 billion loss ...
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IPO Filing: Initiate Systems Inc. (INSY)

Posted: November 13, 2007 at 11:55 am

A company called Initiate Systems Inc. has filed to come public in a share sale worth up to $75 million for filing purposes.  Goldman Sachs is the lead underwriter, with ...
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Google Previews First Wave of Wiki Model For Android, With Incentives (GOOG)

Posted: November 13, 2007 at 11:14 am

Google (NASDAQ:GOOG) already announced the Open Handset Alliance for its free and open platform Android for mobile devices.  But today, Google is releasing an early look at the Android SDK ...
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Goldman Sachs (GS) Up 6% On Positive Write-Off News

Posted: November 13, 2007 at 10:55 am

Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been ...
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Some Good News Out Of Countrywide (CFC)?

Posted: November 13, 2007 at 10:50 am

Countrywide (CFC) said "it funded 48 percent fewer home loans in October than a year earlier," according to Reuters. The news agency said Countrywide said it funded $22 billion of ...
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