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Daily Archives: March 4, 2008

Goldman Sachs Defends Federal-Mogul With Upgrade (FEMO)

Posted: March 4, 2008 at 8:35 am

Federal-Mogul Corp. (Pink Sheets: FEMO) was raised from a Neutral to a Buy rating at Goldman Sachs this morning.  Goldman Sachs noted that the 29% sell-off since its post-bankruptcy issuance ...
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Clearwire Guidance Makes WiMAX Look Like 14.4kbp Modem Speeds (CLWR)

Posted: March 4, 2008 at 8:21 am

Clearwire (NASDAQ: CLWR) has just posted earnings this morning, and so far shares are taking a hard hit.  The near-broadband WiMAX operator and service provider posted on $45.4 million in ...
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SPAC IPO FILING: Market Street Acquisition Corp. (GHC)

Posted: March 4, 2008 at 7:54 am

Market Street Acquisition Corp. is yet another special purpose acquisition company that has filed for an initial public offering.  It is registering to sell 35 million units at $10.00 per ...
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Top 10 Pre-Market Analyst Calls (BKS, BBY, CMO, COP, DBD, DDS, LLNW, NOVL, SFLY, VG)

Posted: March 4, 2008 at 7:32 am

Below are the top analyst calls that 247WallSt.com is looking at this morning in early trading:Barnes & Noble (NYSE: BKS) downgraded to Underweight at JP Morgan.Best Buy (NYSE: BBY) downgraded ...
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Intel Warning Worse For Flash Memory Makers Than For Intel (INTC, SPSN, SNDK, MU)

Posted: March 4, 2008 at 7:17 am

Intel Corp. (NASDAQ: INTC) came out last night and warned of lower margins.  The culprit was only listed as lower than expected NAND flash memory chip prices.  So tonight Intel ...
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Citigroup (C) Will Need A Lot More Money

Posted: March 4, 2008 at 6:44 am

The biggest question running around Wall St. is how much more cash is going to have to go into the sink hole of banks, brokerages, and insurance companies. The estimates ...
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GM (GM) Needs To Kill Some Brands

Posted: March 4, 2008 at 6:19 am

GM (NYSE: GM) has eight car brands. There has been a debate for at least 20 years, from after the Saturn brand was launched by then-CEO Roger Smith, about whether ...
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A Corporate Tax Break For Paying Dividends (MSFT)(GOOG)(AMD)(BSX)

Posted: March 4, 2008 at 5:32 am

The government is fond of using taxes and tax benefits to change behavior. Put a big tax on cigarettes and people will smoke less. Put a "gas guzzler" tax on ...
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Wal-Mart (WMT) And Microsoft (MSFT): Brothers In Prosperity

Posted: March 4, 2008 at 5:14 am

Recessions make strange bedfellows. Of all the truly huge businesses in the US, save the oil companies, Wal-Mart (WMT) and Microsoft (MSFT) are having unusually good runs.Yesterday, the CFO of ...
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Media Digest 3/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 4, 2008 at 3:51 am

According to Reuters February car sales dropped sharply especially for US made vehicles.Reuters writes that BHP Billiton (BHP) is working on raising $55 billion for its potential takeover of Rio ...
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Asia Markets 3/4/2008 (HIT)(NTT)(LFC)(SNP)

Posted: March 4, 2008 at 3:25 am

Markets in Asia were mixed.The Nikkei rose a fraction to 12,992. Hitachi (HIT) fell 2.3% to 718. NTT (NTT) fell 1.7% to 461000.The Hang Seng dropped 2% to 23,120. China ...
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