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Daily Archives: April 23, 2008

American Water Works, Open For Trading (AWK)

Posted: April 23, 2008 at 9:05 am

American Water Works Co. Inc. (NYSE: AWK) has opened for trading.  The first real open-print was $20.60 for some 6.62 million shares.  Unfortunately, this is going to gear down some ...
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Immelt Targets More Cuts at GE Annual Meeting (GE)

Posted: April 23, 2008 at 8:55 am

Jeff Immelt will get to explain the recent General Electric Co. (NYSE: GE) earnings SNAFU all over again today.  Frankly, all we really care about at 247WallSt.com is what lies ...
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Earnings, What Earnings? Ambac Loses More Than Total Share Price (ABK)

Posted: April 23, 2008 at 8:13 am

Ambac Financial Group Inc. (NYSE: ABK) saw yet another huge loss today, and as this is still key for system-wide "counterparty risk" concerns this is a drag on the market.On ...
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EMC Follows VMware Higher On Earnings (EMC, VMW)

Posted: April 23, 2008 at 7:48 am

Shares of EMC Corp. are running up after earnings.  The company's net income of $268.8 million came to $0.13 EPS GAAP and $0.16 EPS non-GAAP while revenues were $3.47 Billion.  ...
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Level 3 Guidance Sends Short Sellers Covering (LVLT)

Posted: April 23, 2008 at 7:27 am

Level 3 Communications (NASDAQ: LVLT) is out with earnings, and the short sellers are getting out of the way.  The company posted -$0.12 EPS on $1.09 Billion in revenues, while ...
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Despite US Air Carriers Issues, Boeing Guidance Mostly Strong (BA)

Posted: April 23, 2008 at 7:09 am

Boeing Co. (NYSE: BA) posted a 38% profit gain of $1.2 billion on a 4% revenue gain to $16 Billion in Q1-2008, and its numbers come to $1.62 EPS.  First ...
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Top 10 Pre-Market Analyst Calls (BVF, CERN, GIGM, IRBT, MHS, MDP, SII, STLD, STI, TRI)

Posted: April 23, 2008 at 6:49 am

These are not all of the analyst calls, but these are ten of the calls affecting shares this Wednesday morning:Biovail (NYSE: BVF) cut to Sector Perform at CIBC.Cerner (NASDAQ: CERN) ...
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Sony (SNE) Can’t Get PS3 Right (AAPL)(MSFT)

Posted: April 23, 2008 at 5:46 am

Sony (SNE) has once again delayed the launch of its virtual PS3 application. It allows owners of the video console to play games together over broadband, chat, download games and ...
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FDA, Short On Funds Can’t Look For Deadly Drugs

Posted: April 23, 2008 at 5:34 am

The FDA says it needs $70 million to inspect all of the foreign facilities it needs to so it can screen for dangerous drugs or drug components. The amount does ...
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No Turnaround At Ford (F)

Posted: April 23, 2008 at 5:26 am

The Wall Street Journal thinks that things are getting better at Ford (F) and that management efforts can now be called a "turnaround". The paper points to improving earnings and ...
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As Food Prices Become The World’s Greatest Economic Problem, There Is No Solution

Posted: April 23, 2008 at 5:16 am

The food crisis got worse yesterday just as it seems to get worse as each week passes. CostCo (COST) is having to limit fulfilling huge orders for items like flour. ...
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Can Ebay (EBAY) Takeover Craigslist?

Posted: April 23, 2008 at 5:03 am

Ebay (EBAY) has sued Craigslist for diluting its 28% interest in the classified ad website. The odd thing about the suit is that it does not disclose what Ebay paid ...
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Yahoo!’s (YHOO) Last Chance For Independence

Posted: April 23, 2008 at 4:51 am

Yahoo!'s (YHOO) Q1 earnings were not enough to prove the case that the company is making tremendous progress. That stock dropped slightly after the news. Microsoft (MSFT) has more ammunition ...
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News Digest 4/23/2008 Reuters, WSJ, NYTimes, FT, Reuters

Posted: April 23, 2008 at 2:43 am

According to Reuters, Yahoo! (YHOO) earnings met expectations. Microsoft (MSFT) indicated it would not raise its bid.Reuters writes that the price of corn and rice moved up sharply.Reuters reports that ...
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Asia Markets 4/23/2008 (TM)(SNP)(PTR)

Posted: April 23, 2008 at 2:18 am

Markets in Asia were mixed.The .2% to 13,579. NEC was up 2.7% to 482. Toyota (TM) was donw 1.7% to 5140.The Hang Seng was up 1% to 25,197. China Petroleum ...
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