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Daily Archives: May 5, 2008

Target (TGT) To Sell Credit Card Debt To JP Morgan (JPM)

Posted: May 5, 2008 at 7:02 pm

In what could be a brilliant move if the recession and drop in retail sales worsen, Target (TGT) has agreed tot sell $3.6 billion of its credit card loan portfolio ...
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IPO Filing: NewPage (NWP)

Posted: May 5, 2008 at 5:22 pm

NewPage Group Inc. has submitted its IPO filing late today.  It has taken the proposed ticker of "NWP" on the New York Stock Exchange.  So far, Goldman Sachs is listed ...
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S&P Index Change Candidates (DWA, HS, GMCR, FBTX, MLNM)

Posted: May 5, 2008 at 4:56 pm

We have seen several announcements out of Standard & Poors regarding index changes today, with the effective dates as follows: DreamWorks Animation SKG Inc. (NYSE: DWA) will now replace Millennium ...
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Activists May Raise Proxy Fight Against Yahoo! (YHOO)

Posted: May 5, 2008 at 3:12 pm

Not all of the institutional money involved in the Yahoo! (YHOO) rejection of Microsoft's (MSFT) bid are happy to sit on the sidelines. Several may launch a campaign to push ...
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The 52-Week Low Club (LBY)(AHG)(ARGN)(SCUR)

Posted: May 5, 2008 at 2:50 pm

Libbey (LBY) Still falling a few days after lowering guidance. Down to $11,67 from 52-week high of $24.65.Apria Healthcare (AHG) Slipping with industry. Drops to $16.08 from 52-week high of ...
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Biotech Business Daily (CGRB, DSCO, EPIX, GSK, PSTI, VNDA)

Posted: May 5, 2008 at 1:51 pm

Cougar Biotechnology, Inc. (NASDAQ: CGRB) is up over 5% in afternoon trading on the announcement that they will present a company update and clinical trial update at the Leerink Swann ...
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Cult Stock Earnings Bonanza (DIVX, VCLK, CROX, HANS, LOCM, RNWK, RICK, TRLG, VG)

Posted: May 5, 2008 at 1:35 pm

While most of the investment community goes out breaking down earnings for major stocks, there is a huge interest in many of the cult stocks reporting earnings.  Among the cult ...
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Valero Acquires More Retail Locations (VLO)

Posted: May 5, 2008 at 12:37 pm

Valero Energy Corp. (NYSE: VLO) has announced that it signed an agreement to purchase 72 convenience stores and fueling kiosks from Albertson's LLC. The financial terms of the acquisition were ...
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Punk Ziegel Now Under Ladenburg Thalmann (LTS)

Posted: May 5, 2008 at 12:14 pm

Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) has announced the completion of the acquisition of Punk, Ziegel & Company, L.P as previously announced in March for an undisclosed amount, pending ...
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Investors Look To Invest In Canadian Stock Exchange (TSX)

Posted: May 5, 2008 at 11:17 am

XTM eXchange Split Corp. filed it public paperwork this morning. The offering of common shares and Priority Equity Shares is an investment in TXM Group (TSX: X)—a combination of TSX ...
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Credit Crunch Starts To Hurt Small Business

Posted: May 5, 2008 at 11:08 am

One of the largest credit card providers to small business, Advanta Corp, took some big write-downs last quarter. According to CFO Magazine "Recent studies and reports from lenders show that ...
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Cisco Earnings To Dominate Tech Flow Into May (CSCO)

Posted: May 5, 2008 at 10:56 am

After the close of trading on Tuesday, we’ll get to see earnings out of Cisco Systems, Inc. (NASDAQ: CSCO). The estimates for the networking giant from First Call are $0.36 ...
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Is Countrywide (CFC) Worth $0

Posted: May 5, 2008 at 10:13 am

One of the interesting by-products of S&P cutting Countrywide's (CFC) debt to junk is that Bank of America (BAC) may be frightened witless now about taking over the mortgage banker. ...
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Could A 2008-2009 Recession Wipe Out Seven Million Jobs?

Posted: May 5, 2008 at 9:39 am

Based on the figures from the Bureau of Labor Statistics, US unemployment was 5% in April. Those figures showed that 146.3 million Americans were employed in the civilian work-force and ...
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Top 10 Pre-Market Analyst Calls (ACAS, AAPL, CAi, CMA, DBD, GYI, UST, WHQ, YHOO)

Posted: May 5, 2008 at 7:12 am

These are some of the analyst calls affecting shares this Monday morning:American Capital Strategies (NASDAQ: ACAS) downgraded to Sell at UBS.Apple (NASDAQ: AAPL) raised target to $220 from $200 at ...
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