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Daily Archives: April 10, 2008

Radio One & Ethnic Social Networking Acquisition (ROIAK, ROIA)

Posted: April 10, 2008 at 6:04 pm

After the close this evening, ethnic media player Radio One, Inc. (NASDAQ: ROIAK) (NASDAQ: ROIA) announced it was acquiring a social networking company called Community Connect for around $38 million.  ...
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Genentech Shares Hang In Despite Soft Key Drug Sales (DNA)

Posted: April 10, 2008 at 3:31 pm

Shares of Genentech Inc. (NYSE: DNA) are trading slightly lower after reporting a gain in earnings.  The biotech giant posted $0.74 net EPS, but non-GAAP EPS excluding special items was ...
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The 52-Week Low Club (TWB)(FMD)(CHS)(PTRY)(GSAT)(VMED)

Posted: April 10, 2008 at 3:02 pm

Tween Brands (TWB) Cuts Q1 outlooks. Sells down to $17.85 from 52-week high of $49.First Marblehead  (FMD) Investment deal from Goldman Sachs looks weak. Down to $3.12 from 52-week high ...
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As Institutions Sell Millennium On Buyout News, Which Biotech Stocks Will See Inflows? (ALXN, CEPH, CBST, IMCL, ONXX, SEPR, UTHR)

Posted: April 10, 2008 at 2:56 pm

The $8.8 Billion cash buyout of Millennium Pharmaceuticals, Inc. (NASDAQ: MLNM) has created a situation worth monitoring today.  It isn't just that this buyout could create a cascade of other ...
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Markets Await GE Earnings For Direction (GE)

Posted: April 10, 2008 at 1:22 pm

On Friday morning, we'll see earnings out of General Electric Co. (NYSE: GE).  The largest conglomerate's estimates from First Call are $0.51 EPS on more than $43.6 Billion in revenues.  ...
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Motorola (MOT): New Chairman On Board For 52-Week Low

Posted: April 10, 2008 at 12:47 pm

David Dorman, the former captain and chief of AT&T (T), has come to Motorola (MOT) as Chairman. He was greeted with the handset, etc. company's stock hitting a 52--week low ...
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US CEO’s See Business Hanging Tough.. Mostly

Posted: April 10, 2008 at 12:01 pm

The report from Business Roundtable's first quarter "2008 CEO Economic Outlook Survey" has been released today.  This was completed between March 10th and March 27th by 100 of the Roundtable's ...
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Nasdaq Short Interest, Level 3 (LVLT) And Sirius (SIRI) Hit By Hammer Of Thor

Posted: April 10, 2008 at 11:28 am

Most companies on Nasdaq did fairly well with the shorts in the period which ended on March 31 compared to March 14. The two tremendous exceptions were Level 3 (LVLT) ...
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Post-Bankruptcy, Federal Mogul Heads For NASDAQ (FEMO, FDML)

Posted: April 10, 2008 at 9:28 am

Federal-Mogul Corporation (OTCBB: FEMO) has recently exited from bankruptcy, and has traded OTC on the Bulletin Board since.  Today, the company has announced that it will leave the OTC market ...
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Millennium Pharmaceuticals, Becoming Part of Takeda in Japan (MLNM)

Posted: April 10, 2008 at 8:19 am

Millennium Pharmaceuticals Inc. (NASDAQ: MLNM) is being acquired.  Takeda Pharmaceuticals in Japan is paying some $8.8 Billion to acquire the biotech, which had a market cap of $5.3 Billion as ...
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Chico’s FAS, Same Store Sales Still In Tank (CHS)

Posted: April 10, 2008 at 8:05 am

Many have been hoping that the bloodletting in the aisles of Chico's FAS inc. (NYSE: CHS) is coming to an end.  If that is the case, it isn't evident in ...
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World Awash In Cash With Nowhere To Go

Posted: April 10, 2008 at 7:53 am

There is plenty of cash available to be invested in the markets and financial institutions. It is simply too frightened to come out and play. According to Reuters "A steady ...
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Goldman Sachs Changes Oil Services Ratings (HAL, WFT, SII, SLB, BHI)

Posted: April 10, 2008 at 7:37 am

Goldman Sachs has made a change in its oil services sector expectation this morning:  It has raised Halliburton (NYSE: HAL) to Buy from Neutral and has raised 2008 EPS estimates ...
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Old Navy Stinks Gap Same-Store Sales (GPS)

Posted: April 10, 2008 at 7:18 am

Just when it looked like Gap Inc. (NYSE: GPS) was starting to bottom out, it appears that was only a resting point.  Thing go from bad to worse.  Gap Inc. ...
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Top 10 Pre-Market Analyst Calls (ADCT, ABC, CAH, MCK, CRUS, LNG, HAIN, ISRG, NFS, PTR, VMED, WLK)

Posted: April 10, 2008 at 6:54 am

These are the top individual analyst calls we are focusing on this Thursday morning in pre-market trading:ADC Telecom (NASDAQ: ADCT) raised to Buy at Deutsche Bank.AmerisourceBergen (NYSE: ABC), Cardinal Health ...
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