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Daily Archives: March 17, 2008

EMC Offers More Juice For Iomega (EMC, IOM)

Posted: March 17, 2008 at 8:31 am

Iomega Corporation (NYSE: IOM) has announced that it has received a revised unsolicited non-binding indication of interest from EMC Corporation (NYSE: EMC - News) over its prior unsolicited buyout offer.  ...
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Sovereign Funds Run And Hide (C)(JPM)(BSC)(MER)(LEH)(WM)

Posted: March 17, 2008 at 8:16 am

Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER). When the time came ...
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CSX Rides The Reading Railroad (CSX)

Posted: March 17, 2008 at 8:10 am

CSX Corp. (NYSE: CSX) has made several announcements this morning for shareholder initiatives. The railroad giant sees first quarter 2008 EPS at $0.74 to $0.77 EPS and put full-year EPS ...
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BMC Acquires BladeLogic For Data Center Automation (BMC, BLOG)

Posted: March 17, 2008 at 7:12 am

BMC Software (NYSE:BMC) has announced that it will acquire BladeLogic (NASDAQ:BLOG) for $28.00 per share of BladeLogic common stock.  The data center automation company acquisition is valued at $800 million, ...
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CME Acquiring NYMEX

Posted: March 17, 2008 at 7:00 am

It's official.  The CME Group Inc. (NYSE, Nasdaq: CME) is acquiring NYMEX Holdings, Inc. (NYSE: NMX).  The commodities and futures exchanges announced a definitive agreement where CME will acquire NYMEX ...
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Top 10 Pre-Market Analyst Calls (ANN, ASH, SCHW, AMTD, COH, DHT, NAT, PHTN, WYNN, BK, LEH, GS, IVZ, STT)

Posted: March 17, 2008 at 6:13 am

These are not the only research calls this morning affecting stock, particularly as the world is focused on the fleecing that has occurred at Bear Stearns this morning.   But these ...
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Europe Markets 3/18/2008 The Wheels Fall Off (BCS)(SI)

Posted: March 17, 2008 at 5:31 am

Markets in Europe were down sharply at 6.25 AM New York time.The FTSE was off 2.2% to 5,506. Barclays (BCS) was down 6.9% to 403. HBOS was off 9.6% to ...
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International Paper (IP) Gets Larger

Posted: March 17, 2008 at 5:20 am

According to Reuters "International Paper (NYSE: IP) has agreed to pay $6 billion in cash to buy the packaging and recycling unit of Weyerhaeuser Co, (NYSE: WY) the timber and ...
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Bristol-Myers (BMY) Looks To Sell Baby Food Business For As Much As $9 Billion

Posted: March 17, 2008 at 5:17 am

Bristol-Myers (NYSE: BMY) does not see much future in baby food. It is trying to sell its operation to a company where its is a better fit. According to the ...
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Oil At $100 Beyond 2016

Posted: March 17, 2008 at 5:00 am

Oil hit nearly $112 today. The debate now is not over whether oil will be at $100 for the near-term. Traders and economists are focused on whether a recession will ...
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Asia: No Protection From US Financial Problems

Posted: March 17, 2008 at 4:43 am

Some bright person came up with the term "decoupling". It is meant to say that trouble in the US economy will not spread to the hot economies is Asia. Perhaps ...
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Google (GOOG) Disrespects Microsoft (MSFT) Buy-Out Offer For Yahoo! (YHOO)

Posted: March 17, 2008 at 4:28 am

Google (NASDAQ: GOOG) certainly does not want to see Microsoft (NASDAQ: MSFT) buy Yahoo! (NASDAQ: MSFT). It would allow Microsoft to spread its search features across a much larger audience. ...
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Will The Fed Put Up $500 Billion?

Posted: March 17, 2008 at 4:14 am

The Fed has already provided a facility of $200 billion to banks to help them improve balance sheets by exchange some of their less-than-liquid and less-than-valuable paper for real honest-to-God ...
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What The Tax-Payer Loves About The Financial Bail-Out

Posted: March 17, 2008 at 3:56 am

Much of the concern about the Fed lending out tens of billions of dollars to financial institutions is that tax-payers will eventually pay the bill. The Fed is taking in ...
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Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 17, 2008 at 2:42 am

According to Reuters, the Fed is opening up its own balance sheet to poisonous securities it may get from banks in exchange for cash.Reuters writes that JP Morgan (JPM) bought ...
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