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Daily Archives: November 19, 2007

GM (GM) Hits 52-Week Low

Posted: November 19, 2007 at 10:14 am

Just a couple of months after hitting a 52-week high at $43.20, GM (GM) touched a new 52-week low today at $27.94. Maybe it was word that some auto industry ...
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Gannett (GCI) Hit With Another Big Advertising Drop

Posted: November 19, 2007 at 8:43 am

Gannett (GCI) reported that total pro forma operating revenues for the period ended November 4, 2007 declined 6.8 percent compared with the same period in 2006Pro forma classified revenues were ...
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Pre-Market Stock News (November 19, 2007)

Posted: November 19, 2007 at 8:33 am

Below is the top pre-market news that 24/7 Wall St. is looking at today:Knight Capital (NITE) is acquiring EdgeTrade inc. for $29.5 million cash and 2.3 million shares of common ...
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Top 10 Pre-Market Analyst Calls (AFL, BBY, CAT, C, DISH, FNM, LEAP, QCOM, WLP, YHOO)

Posted: November 19, 2007 at 8:07 am

There are many other impact analyst calls this morning, but these are the TOP 10 ANALYST CALLS that 24/7 Wall St. is focusing on:AFLAC (AFL) raised to Hold from Sell ...
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McDonald’s (MCD) Knifes Starbucks (SBUX) Again

Posted: November 19, 2007 at 8:04 am

It is not bad enough that Consumer Reports said the McDonald's (MCD) coffee tastes better than Starbucks (SBUX). Now, the fast good chain says it will introduce morning drinks that ...
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Google (GOOG): A Tax Problem In China?

Posted: November 19, 2007 at 7:51 am

TechCrunch is reporting that Google (GOOG) may have a big, fat tax problem in China. "Google is being investigated for tax evasion by the Chinese Inland Revenue Department following a ...
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Goldman (GS) Downgrades Citigroup (C)

Posted: November 19, 2007 at 7:37 am

Goldman Sachs (GS) has downgraded Citigroup (C) to "sell" "with the broker seeing up to $15 billion in write-downs from collateralized debt obligations over the next two quarters," according to ...
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Ugliness At Lowe’s (LOW)

Posted: November 19, 2007 at 7:17 am

Shares of Lowe's (LOW) are off 4% before the open, and no wonder.The company reported net earnings of $643 million for the quarter ended November 2, 2007, a 10.2 percent ...
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A Bad Year On Wall St.? Almost $40 Billion In Bonus Money Says Otherwise

Posted: November 19, 2007 at 6:58 am

Just think about it. Stocks with multi-billion market caps down 40% this year. Merrill (MER) and Bear Stearns (BSC) are down about that much. Lehman (LEH) is down 20% and ...
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Europe Markets 11/19/2007

Posted: November 19, 2007 at 6:40 am

Markets in Europe were down at 6.40 AM New York time.The FTSE was down .8% to 6,243. Barclays (BCS) was down 2.7% to 495.25.The DAXX fell .6% to 7,564. Commerzbank ...
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GE (GE) Lobbies For Nuclear Power Aid

Posted: November 19, 2007 at 6:32 am

GE (GE) is telling the US government that nuclear power facilities are not going to be built fast enough to help the country with its energy crisis, unless the Fed ...
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Casinos: Barron’s Take Vs. 24/7 Wall St. Take (WYNN, LVS, MPEL)

Posted: November 19, 2007 at 6:31 am

This weekend cover story from Barron's was an article with some concerns over the value of casino stocks with exposure to Macau, and it even hints that valuations are at ...
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Two Big Reasons Crude Will Go Higher

Posted: November 19, 2007 at 6:23 am

There would seem to be enough reasons for crude oil to continue its assault on $100, but two more have cropped up, and they may be more powerful than the ...
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US Car Industry Could Face 2008 Disaster (GM)(F)(TM)

Posted: November 19, 2007 at 6:06 am

Imagine what would happen if vehicle sales in the US dropped nearly 10% from one year to the next. Car sales did drop 11% in America during 1991 and hit ...
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Media Digest 11/19/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: November 19, 2007 at 4:07 am

According to Reuters, some auto industry experts think car sales could hit a 15-year low in 2008.Reuters reports that the OPEC summit ended with members disagreeing about what to do ...
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