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Daily Archives: May 17, 2008

Starbucks Worth Little More With Peltz (SBUX, WEN)

Posted: May 17, 2008 at 10:50 am

Yesterday was a more than interesting day for Starbucks Corp. (NASDAQ: SBUX).  The stock rose more than 6% to $17.05 after funds disclosed stakes in the coffee retailing giant.Activist investor ...
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Saudis To Up Oil Production After US Pressure=$100 Oil

Posted: May 17, 2008 at 7:06 am

Saudi Arabia will increase oil production by 300,000 barrels a day, a significant jump. The price of crude should drop sharply when the market opens.According to the FT "Analysts said ...
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Bank Earnings: The Longest Yard (C)(MER)(LEH)(BAC)

Posted: May 17, 2008 at 6:48 am

Banks will post much better earnings as the year goes on. Most of their write-offs are behind them. What else is there on their balance sheets to revise down in ...
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Economic News: A Cloud That Lacks A Silver Lining

Posted: May 17, 2008 at 6:18 am

Late news out of the economy track system is that the buildings are collapsing all around.After Goldman Sachs (GS) panicked and said that oil would rise to $141, crude immediately ...
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This week on Stockhouse May 12–16

Posted: May 17, 2008 at 6:11 am

Economic data, oil prices cause volatile week for stocks Wall Street closed higher Monday, as the U.S. dollar rose and oil prices fell. However, Monday’s gains were lost on Tuesday ...
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