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Daily Archives: March 10, 2008

Blackstone Shows Muted 2008 For Private Equity (BX)

Posted: March 10, 2008 at 8:38 am

The Blackstone Group, LP (NYSE: BX) has posted earnings of $0.08 EPS before charges, while First Call had $0.19 as consensus.  The private equity giant also posted revenues of $447.5 ...
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Nationwide Parent Wants To Take It Private… Going Mutual! (NFS)

Posted: March 10, 2008 at 8:13 am

Nationwide Financial Services, Inc. (NYSE: NFS) has received a proposal from Nationwide Mutual Insurance Company, Nationwide Mutual Fire Insurance Company and Nationwide Corporation, to acquire all of the outstanding Class ...
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Keryx Joins Biotech Zombie Ranks (KERX)

Posted: March 10, 2008 at 7:43 am

Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) may have just joined the ranks of a biotech zombie, even if it doesn't want to admit that.  The company announced that top-line results from ...
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Level 3 (LVLT) Captain Walks The Plank

Posted: March 10, 2008 at 7:27 am

Less than a month ago, 24/7 Wall St. put the awful performance of Level 3 (NASDAQ: LVLT) at the feet of the two men who have run the company for ...
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McDonald’s (MCD) Has Boffo February

Posted: March 10, 2008 at 7:14 am

McDonald's amazed even itself with magnificent same-store sales in February. Ronald McDonald and the other clowns in management watched the firm post February comparable sales which increased 8.3% in the ...
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JPMorgan Cuts S&P and GDP Targets (JPM)

Posted: March 10, 2008 at 7:04 am

JPMorgan (NYSE: JPM) has lowered its U.S. economic targets for 2008.  The firm lowered US GDP growth outlook to +0.9% from a prior +2.1%.  This call implies that JP Morgan ...
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White Mountains Buys Off Warren Buffett (WTM, BRK/A)

Posted: March 10, 2008 at 6:48 am

White Mountains Insurance Group, Ltd. (NYSE: WTM) entered an exchange agreement with Berkshire Hathaway Inc. (NYSE: BRK-A) to transfer certain runoff businesses and a substantial amount of cash to Berkshire ...
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Top 10 Pre-Market Analyst Calls (ARO, ABH, FAST, JCP, JWN, KERX, MHS, AMTR, SHOR, SPLS, VE)

Posted: March 10, 2008 at 6:31 am

These are some of the analyst calls that 247WallSt.com is focusing on in early pre-market trading this Monday morning:Aeropostale (NYSE: ARO) Cut To Sell From Hold at Citigroup.AbitibiBowater (NYSE: ABH) ...
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Europe Markets 3/10/2008 (BHP)(SI)(ALU)

Posted: March 10, 2008 at 6:23 am

Markets in Europe were narrowly mixed at 7.15 AM New York time.The FTSE was up .1% to 5,706. BHP Billiton (BHP) was off 3.8% to 1529. HSBC (HBC) was up ...
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Cable TV Goes After Ad Target Business (CMCSA)(CHTR)TWC)

Posted: March 10, 2008 at 5:46 am

The Big Six cable companies will team up to sell advertising, targeted by geography and subscriber behavior. It is the fondest hope of television which has seen much of the ...
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Corporate Earnings Growth Disappearing, Could Go Negative

Posted: March 10, 2008 at 4:50 am

A survey of analysts taken recently indicates that they believe earnings will be flat in the first and second quarters of this year when compared to the same periods in ...
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The Death Of “Net Neutrality” (CMCSA)

Posted: March 10, 2008 at 4:34 am

The FCC is going after Comcast (NASDAQ: CMCSA) for cutting bandwidth to some file-sharing services which use huge amounts of capacity on the cable company's network. The agency believes that ...
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Media Digest 3/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 10, 2008 at 3:02 am

According to Reuters, gas price are at $3.20 a gallon and could rise another $.20 to $.30 in the next month.Reuters writes that Chevron will develop two major projectsw in ...
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Asia Markets 3/10/2008 (LFC)(SNP)

Posted: March 10, 2008 at 2:28 am

Markets in Asia fellThe Nikkei was off 2% to 12,532. Mazda was down 6.2% to 364. NEC was down 3.1% to 405.The Hang Seng fell .5% to 22,384. China Life ...
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