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Daily Archives: March 18, 2008

Goldman Sachs Sails Past Lowered Estimates (GS)

Posted: March 18, 2008 at 7:18 am

Goldman Sachs (NYSE: GS) has just posted earnings, and while many metrics are lower than last year the results overall were well above estimates that had been lowered in a ...
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Citigroup (C): A Merger With Bank of America (BAC)

Posted: March 18, 2008 at 7:08 am

With Citigroup's (NYSE: C) shares off from $55.55 to under $19 and concerns that it cannot weather another round of write-downs which may be coming for subprime paper, credit card ...
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Citigroup (C) Merger Candidates, JP Morgan (JPM)

Posted: March 18, 2008 at 7:03 am

Citigroup (NYSE:C) will probably looking be looking for merger partners now that its stock is down to under $19 from a 52-week high of $55.55.The first choice would probably be ...
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Goldman Sachs on Canadian Oil Drilling (BJS, HAL, WFT, CAM, SII, FTI)

Posted: March 18, 2008 at 6:57 am

Goldman Sachs issued its first of a 3-part conference call covering the Canadian market, and it noted that the stimulation outlook is improving.  Its preference in the first of three ...
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Intel (INTC) Takes Another Dig At AMD (AMD)

Posted: March 18, 2008 at 6:44 am

Intel (NASDAQ: INTC) is not satisfied with its 75% to 80% share of the PC and server markets. It is about to launch a new, more powerful set of chips, ...
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Pharmacopeia Scores Another Milestone (PCOP, GSK)

Posted: March 18, 2008 at 6:38 am

Pharmacopeia (Nasdaq: PCOP) has announced that it will receive a milestone payment of $5 million from GlaxoSmithKline (NYSE: GSK), bringing the total received to over $16 million in connection with ...
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Europe Markets 3/18/2008 (ALU)(SI)(BCS)

Posted: March 18, 2008 at 6:36 am

Markets in Europe were up sharply at 7.30 AM New York time.The FTSE rose 2% to 5,523. Barclays (BCS) is up 3.4% to 406. British Airways was up 4.1% to ...
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Top 10 Pre-Market Analyst Calls (MO, AMZN, GS, IP, NCC, NOVL, RMG, SAP, URI, GMR, OSG, TK)

Posted: March 18, 2008 at 6:24 am

Below are the top analyst upgrades and downgrades we are looking at this Tuesday morning:Altria Group (NYSE: MO) Started as Buy at UBS.Amazon.com (NASDAQ: AMZN) started as Buy at Canaccord ...
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Citigroup (C) And Lehman (LEH) Will Disappear

Posted: March 18, 2008 at 5:50 am

The story is the same every decade or so. Bad economic times cause well-known businesses to fail. They are bought out and merged, and they simply cease to exist as ...
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Pilots Wreck Delta (DAL) Merger With NWA (NWA), Again

Posted: March 18, 2008 at 5:33 am

The fight over pilot seniority at Delta (DAL) and NWA (NWA) has threatened to kill a merger again. A strike by pilots would do substantial damage to the finances of ...
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Alliance Data (ADS) Goes After Blackstone (BX)

Posted: March 18, 2008 at 5:01 am

Alliance Data (NYSE: ADS) had given Blackstone (NYSE:BX) notice that the private equity firm is no longer negotiating in good faith to complete a buy-out. The charge probably has the ...
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Abu Dhabi Sovereign Fund Agrees To Restrictions Just As It Exits US Market

Posted: March 18, 2008 at 4:49 am

The US government and authorities in the EU have been up in arms about sovereign funds buying into iconic financial institutions and tech companies. The regulators fear that foreign-backed capital ...
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Google (GOOG) Says Everything Is Fine

Posted: March 18, 2008 at 4:35 am

Google (GOOG) says that there is nothing to worry about. Its business is just fine. Tell that to the investors who have ridden the stock down from $747 to $420.But, ...
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Ford (F) Management Tries To Save A Dead Patient

Posted: March 18, 2008 at 4:23 am

Ford (NYSE:F) is launching a mad new ad campaign with the tag-line "Ford. Drive One". The company is working with it local dealers to get them to push the same ...
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Media Digest 3/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 18, 2008 at 2:48 am

Accoding to Reuters, the Fed is set for a large rate cut in the face of the financial crisis.Reuters writes that Google (GOOG) says it is well positioned for an ...
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