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Daily Archives: May 15, 2008

CBS (CBS) To Buy CNET (CNET): Odd News

Posted: May 15, 2008 at 6:21 am

In a move that makes little sense, a TV network, CBS (CBS) will buy a tech website business, Cnet (CNET).The price was $11.50. Cnet has been under pressure by activist ...
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GE (GE): A Proxy For US Economy Anymore?

Posted: May 15, 2008 at 5:50 am

For years, GE (GE) has been considered the single best corporate proxy for the US economy. For years it led all American companies in market cap. It businesses range from ...
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IAC/Interactive (IACI): Another Foolish Move

Posted: May 15, 2008 at 5:31 am

No one needs to be reminded that IAC/Interactive (IACI) is breaking itself into five pieces to improve "shareholder value". The fight between Barry Diller and John Malone over whether the ...
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China: Inflation On Fire

Posted: May 15, 2008 at 5:13 am

It is not enough that the cost of food is moving up by double digits in China. Now other components of the economy are showing even worse inflation.In April, factory ...
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Toyota (TM) Prius: No Longer Just For Sissies

Posted: May 15, 2008 at 4:58 am

No one can make the case that the Toyota (TM) Prius is just a car for tree-hugging environmentalists. The vehicle has now sold one million units worldwide. The figure is ...
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Barclay’s Earnings: Banks Still Bleeding

Posted: May 15, 2008 at 4:46 am

Barclays (BCS) said it would take a write-down of about $2 billion in impaired assets, some of them related to mortgages. The big Brit bank may have to raise $1 ...
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Countrywide (CFC) Board: Sacked Behind The Line Of Scrimmage

Posted: May 15, 2008 at 4:33 am

A series of lawsuits against the board and management of Countrywide (CFC) accuses them of insider trading and not being careful enough in regulating the firm's lending practices. As is ...
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Media Digest 5/15/2007 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 15, 2008 at 2:55 am

According to Reuters, profits fell at Barclays (BCS) due to large write-offs.Reuters writes that Carl Icahn has decide to begin a proxy fight against Yahoo! (YHOO)Reuters reports that Sony (SNE) ...
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Europe Markets 5/15/2008 (SNE)(CN)(SNP)

Posted: May 15, 2008 at 2:31 am

Markets in Asia were narrowly mixed.The Nikkei rose .9% to 14,252. NEC rose 5% to 551. Sony (SNE) rose 8.7% to 5270. The Hang Seng fell .9% to 25,357  China ...
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