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Daily Archives: January 24, 2008

AT&T (T) Shares Rise On Big Quarter

Posted: January 24, 2008 at 7:48 am

The news that AT&T's (T) consumer business was soft last quarter is old now. The company's shares are up almost 3% on release of its fourth quarter numbers. On a ...
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Lennar Monster Charges, Yet EPS & Revenue Not As Bad As Some Forecasts (LEN)

Posted: January 24, 2008 at 7:26 am

Lennar Corporation (NYSE: LEN) has posted its results and the initial loss reported is huge at -$7.92 per share.  But the loss is from writedowns and charges of $7.50 per ...
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Ford’s (F) Lost Quarter

Posted: January 24, 2008 at 7:13 am

Ford (F) did not gain much ground during Q4. The company reported a 2007 fourth-quarter net loss of $1.30 per share, or $2.8 billion. This compares with a net loss ...
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Amgen Tries Some Positive Data Ahead of Earnings (AMGN)

Posted: January 24, 2008 at 7:04 am

Amgen Inc. (NASDAQ: AMGN) has announced the results of its biomarker analysis in new data that will be presented on Saturday, January 26th at the 2008 American Society of Clinical ...
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Europe Markets 1/24/2008

Posted: January 24, 2008 at 6:41 am

Markets in Europe were up sharply at 6.30 AM. The FTSE is up 4.7% to 5,854. BHP Billiton (BHP) is up 6.5% to 1352. BP (BP) is rising 5.9% to ...
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Nokia (NOK): A Big Quarter, More Hurt For Motorola (MOT)

Posted: January 24, 2008 at 6:28 am

Every time Motorola (MOT) posts a bad quarter, it seems that Nokia (NOK) posts a good one.Motorola is losing money in its core handset business. It sold only 40 million ...
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No Market For Old Men (C)(JPM)(AXP)

Posted: January 24, 2008 at 6:18 am

People still take about how Hannibal crossed the Alps to attack the Romans in 218 BC. Years from now they will probably do the same about the big 600 point ...
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New US Rules For Sovereing Funds

Posted: January 24, 2008 at 6:04 am

Senior officials of the US Treasury Department are sneaking around Davos trying to get the managers of big sovereign funds from Asia and the Middle East to sign a code ...
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Ford (F) Guts Its Fish

Posted: January 24, 2008 at 5:49 am

Ford (F) is considering cutting another 13,000 people. According to The Wall Street Journal, the company intends to make good on its promise to make money in North America, not ...
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The United States Of Wal-Mart (WMT)

Posted: January 24, 2008 at 5:39 am

It reads like something out of a presidential campaign stump speech. In a talk given to company management and quoted by Reuters, Wal-Mart's CEO Lee Scott said "We live in ...
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Societe Generale And The Lessons Of Risk Management

Posted: January 24, 2008 at 5:24 am

Years ago, in a fit of creativity, some journalist coined the term "rogue trader" to describe some manic soul who made a bunch of bad bets at a big bank ...
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Asia Markets 1/24/2008 (LFC)(CHL)

Posted: January 24, 2008 at 3:52 am

Asia markets were mixed.The Nikkei moved up 2.1% to 13,093. Canon rose 4.9% to 4550. Honda (HMC) rose 2% to 3070.The Hang Seng fell 2.3% to 23,539. China Life (LFC) ...
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Media Digest 1/24/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: January 24, 2008 at 3:45 am

According to Reuters, Meg Whitman is stepping down as CEO of Ebay (EBAY). Reuters writes that GM (GM) said it would rather be a strong No.2 in the global market ...
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