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Daily Archives: March 20, 2008

Sovereign Funds Bow Down To Paulson

Posted: March 20, 2008 at 4:50 pm

Major sovereign funds from Singapore and Abu Dhabi have agreed to Boy Scout rules about keeping their investments in the US strictly financial. No political agendas.This is a copy of ...
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Primary Dealers Take $29 Billion From The Fed (GS)(MS)(LEH)

Posted: March 20, 2008 at 4:11 pm

Primary dealers borrowed $28.8 billion from the Fed during the first three days a new facility was open. Reuters writes that "Primary dealers borrowed more than $13.4 billion a day ...
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Big FCC Auction Winners: Verizon (VZ) And AT&T (T)

Posted: March 20, 2008 at 3:59 pm

According to Wireles and Mobile News:"Verizon Wireless (VZ)(VOD) was the biggest winner of  the Federal Communications Commission’s 700 MHz auction, winning  six large licenses that i will give it air ...
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Massive Short Interest Helps Keep Palm Steady After Earnings (PALM)

Posted: March 20, 2008 at 3:42 pm

Palm, Inc. (NASDAQ: PALM) just posted a loss that of course missed analyst expectations.  The loss of -$31.5 million came in at -$0.30 EPS after items and -$0.16 pro-forma on ...
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The 52-Week Low Club (AMGN, AU, BGP, HB, IP, JBL, MOT, HOOK, RVBD, SLRY)

Posted: March 20, 2008 at 2:41 pm

This week felt like a yo-yo of volatility, and frankly that makes it even better that it was a 4-day work week for the stock market.  Despite the huge rally ...
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Wal-Mart…. Breaking Out To Upside (WMT)

Posted: March 20, 2008 at 2:18 pm

If you think of a retailer hitting a 52-week high during a slowing economy, it seems counterintuitive.  It seems a recession or a slowing consumer spending is good for some ...
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Bad News For Big Three: Nissan Sees Share Gains In March

Posted: March 20, 2008 at 1:22 pm

No matter how much Detroit would like to change the math, the total always adds to 100%.Over the course of the last week, management from GM (NYSE:GM), Ford (NYSE:F), and ...
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3Com’s Buyout Crashes In The Pacific Ocean (COMS)

Posted: March 20, 2008 at 1:05 pm

The acquisition of 3Com Corp. (NASDAQ: COMS) by Bain Capital and Huawei was already questionable, and then regulatory questions turned into trouble, and now trouble has turned into an outright ...
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Biotech Implosion: Epix Depressed on Depression Treatment Failure (EPIX)

Posted: March 20, 2008 at 12:25 pm

EPIX Pharmaceuticals, Inc. (EPIX) has seen shares essentially chopped in half today.  Early this morning the company announced that it was discontinuing its PRX-00023 clinical development program after Phase IIb ...
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H&R Block Chairman Aggressively Acquires Shares (HRB)

Posted: March 20, 2008 at 11:47 am

Richard Breeden has disclosed in an SEC Filing that he has aggressively bought shares of H&R Block (NYSE: HRB) this week. From the dates of March 18 to March 20, ...
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CIT Group Taps Credit Facilities (CIT)

Posted: March 20, 2008 at 11:19 am

CIT Group Inc. (NYSE: CIT) has announced that it is drawing upon its $7.3 Billion in unsecured U.S. bank credit facilities. The Company will use the proceeds to repay debt ...
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No Rally For Starbucks (SBUX)

Posted: March 20, 2008 at 11:08 am

At yesterday's annual meeting Howard Schultz, founder of Starbucks (NASDAQ: SBUX), said he would fix the company or die with his boots on. He may wanted to be fitted for ...
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Analyst Looks For Big Upside In FuelCell Energy (FCEL)

Posted: March 20, 2008 at 9:51 am

Lazard Capital Markets has a call out in the fuel cell sector from earlier this morning on FuelCell Energy, Inc. (NASDAQ: FCEL).  Analyst Sanjay Shrestha has maintained his Buy rating, ...
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IPO Withdrawal: Vision-Ease Lens Corp.

Posted: March 20, 2008 at 9:45 am

Vision-Ease Lens Corporation withdrew its IPO filing today,citing the decision is “consistent with the public interest and protection ofinvestors.” The company originally submitted its IPO paperwork to the SEC on ...
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SPAC IPO FILING: Lambert’s Cove Acquisition Corporation (LCA)

Posted: March 20, 2008 at 9:20 am

Lambert’s Cove Acquisition Corporation, a SPAC, or special purpose acquisition corporation, submitted an IPO filing.  The date is march 18 on the filing but the date this became available was ...
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