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Daily Archives: February 7, 2008

Bank Of England Cuts Rates

Posted: February 7, 2008 at 7:19 am

The Bank of England cut interest rates a quarter of a percent to 5.25%.Douglas A. McIntyre ...
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Europe Markets 2/7/2008 (BHP)(BT)(ALU)(FTE)

Posted: February 7, 2008 at 7:05 am

Markets in Europe were off about 1% at 7 AM New York time.The FTSE was off .8% to 5,828. BHP Billiton (NYSE: BHP) was off 2.9% to 14.76. BT (NYSE: ...
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A World Talking To Itself: Cellphones Hit 50% Worldwide Usage

Posted: February 7, 2008 at 6:30 am

ET will not have to phone home. He can talk to more than half of the world's population. According to stats from the US, cellphone penetration will hit 3.3 billion ...
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Tech Pioneer Marc Andreessen Starts NYT Deathwatch

Posted: February 7, 2008 at 6:21 am

Perhaps Netscape founder Marc Andreessen does not like The New York Times Company (NYSE: NYT) or maybe he hates the content of its flagship newspaper. Either way, he has started ...
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Anheuser-Busch (BUD) In Merger Talks

Posted: February 7, 2008 at 6:09 am

AnheuserBusch (NYSE: BUD) and InBev, a rival beer company, are in talks about a merger, according to Trends magazine. Douglas A. McIntyre ...
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CostCo (COST) Same-Store Up 7%

Posted: February 7, 2008 at 6:04 am

CostCo (NASD COST) reported net sales of $5.11 billion for the month of January, the four weeks ended February 3, 2008, an increase of 11 percent from $4.62 billion in ...
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Good News For Malpractice Lawyers, Wal-Mart (WMT) Opens More Clinics

Posted: February 7, 2008 at 5:59 am

Wal-Mart (NYSE: WMT) likes the medical clinic business. Many of its customers do not have health insurance. It can deliver these people inexpensive care using nurse practitioners instead of doctors. ...
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GM (GM): The High Cost Of Going Green

Posted: February 7, 2008 at 5:48 am

GM (NYSE: GM) says that 50% of its cars in the US should be running on ethanol by 2012. According to Reuters "GM will have 11 ethanol-capable vehicles on the ...
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Cisco (CSCO) And EDS (EDS) Take Big Tech Down

Posted: February 7, 2008 at 5:34 am

Cisco (NASD: CSCO) and EDS (NYSE: EDS) have businesses which point different directions on a compass. But, it is the same compass. In one day, Cisco was able to show ...
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NYSE Short Interest, Numbers For Some Financial Improve

Posted: February 7, 2008 at 4:21 am

Short interest in financial stocks generally fell in NYSE figures for January 31. Numbers compare to January 15.Shares sold short in Countrywide (NYSE: CFC) fell 52.7 million to 114.2 million. ...
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Media Digest 2/7/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: February 7, 2008 at 4:02 am

Accorrding to Reuters, GM (NYSE: GM) will have half of its cars running on ethanol by 2012. Reuters writes that Cisco (NASD: CSCO) gave a weak forecast, moving tech shares ...
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Asia Markets 2/7/2008 (DCM)

Posted: February 7, 2008 at 3:34 am

Most markets in Asia were close for a holiday.The Nikkei was up .8% to 13,207. KDDI was up 5.2% to 714000 Docomo (DCM) was up 1.9% to 163000.Data from ReutersDouglas ...
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