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Daily Archives: January 8, 2008

KB Home (KBH) Gets Worse

Posted: January 8, 2008 at 8:09 am

At KB Home (KBH) revenues totaled $2.07 billion for the quarter ended November 30, 2007, down from $3.01 billion in the corresponding quarter of 2006, primarily reflecting lower housing revenues.KBH ...
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Top 10 Pre-Market Analyst Calls (BAX, BRK/A, BRK-A, EAT, GU, HTX, INFY, ISRG, SAT, SBUX, WIT)

Posted: January 8, 2008 at 7:44 am

These are not the only impact analyst calls this Tuesday, but these are the ones 247WallSt.com is focusing on in early pre-market trading:Baxter (BAX) raised to Buy from Hold at ...
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A $16 Billion Write-Down At Citigroup (C)

Posted: January 8, 2008 at 7:41 am

Bloomberg is reporting that a Merrill Lynch analysts says that Citigroup (C) may have to take a $16 billion fourth quarter write-down of subprime assets.Douglas A. McIntyre ...
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Apple (AAPL) To Settle With EU?

Posted: January 8, 2008 at 7:26 am

According to a report by Reuters, Apple (AAPL) "will soon announce steps to resolve European Commission charges that its iTunes stores broke EU rules by setting prices country by country ...
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China Sovereign Fund Defends Right To Invest Overseas

Posted: January 8, 2008 at 6:50 am

The Chinese government want none of this protectionist stuff. It has money burning a hole in its pocket and its wants to put that capital to work in places like ...
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Europe Markets 1/8/2008

Posted: January 8, 2008 at 6:38 am

Markets in Europe were modestly higher at 6.35 AM New York time.The FTSE rose .5% to 6,370. Barclays (BCS) fell 2.2% to 461.25. BT (BT) rose 1.9% to 289.The DAXX ...
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Paramount Buries HD DVD

Posted: January 8, 2008 at 6:27 am

First Warner walked away from Toshiba's HD DVD format in favor of Sony's (SNE) Blu-ray technology. Now Paramount is doing the same thing.According to the FT "Paramount, which is owned ...
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Clear Channel (CCU): Another Big Broken LBO

Posted: January 8, 2008 at 6:24 am

It is not official, but the odds that the buyers of Clear Channel (CCU) will walk on the deal are probably north of 99%. The total value of the buy-out ...
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Comcast (CMCSA): More Nutty Ideas From Cable Guys

Posted: January 8, 2008 at 6:14 am

The telecom companies are all over cable with their new-fiber-to-the-home offerings. The new tech from AT&T (T) and Verizon (VZ) seems to be taking broadband and TV customers from firms ...
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The Cisco (CSCO) Kid Will Stay The Course

Posted: January 8, 2008 at 6:02 am

John Chambers of Cisco (CSCO) says he will not change his plans for the company even if there is a significant recession. His view of the world goes out five ...
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The Rise Of The $2,500 Car

Posted: January 8, 2008 at 5:50 am

Tata Motors (TTM) of India is introducing its new $2,500 car. According to The New York Times "the company wants to provide four-wheel transportation for the first time to people ...
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Micrososft (MSFT) Moves Further Into Search

Posted: January 8, 2008 at 5:14 am

Microsoft (MSFT) will spend $1.2 billion to buy Norway's Fast Search and Transfer. The company is in the search engine software business. While Fast Search is growing and profitable, the ...
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CEO’s Axed Left & Right, Who’s Next? (BSC, SBUX, MMC, AMD, CC, BSX, FINL, CFC)

Posted: January 8, 2008 at 5:01 am

It seems that all of a sudden corporations are deciding to do the right thing by getting rid CEO's that have put the companies and shareholders in untenable positions. We ...
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Media Digest 1/8/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: January 8, 2008 at 4:21 am

According to Reuters, Howard Schultz, Starbucks (SBUX) founder, has taken over as CEO.Reuters writes that Cisco (CSCO) will keep its current strategy, even in a recession.Reuters writes that Samsung is ...
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Asia Markets 1/8/2008

Posted: January 8, 2008 at 3:55 am

Markets in Asia were mixed.The Nikkei rose .2% to 14,529. Honda (HMC) fell 1.7% to 3510. Cocomo (DCM) rose 3.4% to 182000.The Shanghai Composite fell .3% to 27,113. China Life ...
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