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Daily Archives: March 24, 2008

VMware Increases Operations in India (VMW)

Posted: March 24, 2008 at 7:24 am

VMware, Inc. (NYSE: VMW) has announced that it is opening a new R&D facility in Bangalore.  The leader in virtualization also noted that it plans to double its development team ...
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SPAC Going Operational: Marathon Acquisition & Global Ship Lease (MAQ)

Posted: March 24, 2008 at 7:14 am

Marathon Acquisition Corp. (AMEX: MAQ, MAQ.U, MAQ.WS), special purpose acquisition company, or SPAC, has announced that it will effect a merger with Global Ship Lease in order to become an ...
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Goldman Sachs Adds RIO to Conviction Buy List (RIO)

Posted: March 24, 2008 at 6:53 am

Goldman Sachs is maintaining its Buy rating this morning on Companhia Vale do Rio Doce (NYSE: RIO), but the firm is adding the stock to its Americas Conviction Buy List.  ...
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Top 10 Pre-Market Analyst Calls (CI, FPL, GPS, HA, LEH, MON, POT, UPL, WFC, XRTX)

Posted: March 24, 2008 at 6:23 am

These are the top ten analyst calls we are looking at this Monday morning in pre-market trading:CIGNA (NYSE: CI) raised to Buy at UBS.FPL Group (NYSE: FPL) raised to Overweight ...
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Apple (AAPL) Safari Targets Microsoft (MSFT) Windows

Posted: March 24, 2008 at 5:38 am

According to The Inquirer, Apple (NASDAQ: AAPL) is releasing the latest version of its Safari operating system to Windows users. It may get some of them to switch. Hard to ...
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Selling A Piece Of The Federal Reserve

Posted: March 24, 2008 at 5:27 am

There is growing concern about where the Fed will get the hundreds of billions of dollars it will need to bail-out failing banks and brokerages. Most economists point to the ...
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Verizon (VZ) Flanks The Cable Guys Again

Posted: March 24, 2008 at 5:02 am

Verizon (NYSE: VZ) has started to give the cable companies fits with its new fiber-based TV and broadband services. The offering has all of the advantages of cable products and ...
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A 95% Off Sale At Big Banks (JPM)(UBS)

Posted: March 24, 2008 at 4:53 am

For reasons that are not entirely clear, JP Morgan (NYSE: JPM) filed detailed information on the valuations of securities held by itself and other banks with a court in Canada. ...
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A Harvest Of Pain: Q1 Earnings Estimates Revised Down

Posted: March 24, 2008 at 4:41 am

Optimistic securities analysts are starting to lose their nerves. According to the Reuters Estimates survey, Wall St. thinkers now believe that earnings for the S&P 500 will drop 5.5% in ...
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The Perverse Ethics Of Wall St., Countrywide (CFC) Refugees Turn Vultures

Posted: March 24, 2008 at 4:27 am

"There are no second acts in American lives"--F. Scott FitzgeraldSeveral former Countrywide (NYSE: CFC) executives are starting a new company, with the support of financial company Blackrock (NYSE: BLK) to ...
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JP Morgan Cries “Uncle” (JPM)(BSC)

Posted: March 24, 2008 at 4:08 am

Samson has been shorn of his locks and blinded. JP Morgan (NYSE: JPM), it appears, will raise its bid for Bear Stearns (NYSE: BSC) from $2 a share to $10. ...
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Media Digest 3/24/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 24, 2008 at 2:48 am

According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC) from $2 to $10.Reuters writes that analysts now see a ...
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Asia Markets 3/24/2008

Posted: March 24, 2008 at 2:24 am

Markets in Asia were mixed and Hong Kong was closed for a holiday.The Nikkei fell a fraction to 12,480. Toyota (TM) was up 1% to 5270. Yahoo Japan was up ...
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