Daily Archives: May 19, 2008

US Makes Progress On Oil Consumption, But Too Late

Posted: May 19, 2008 at 7:23 pm

Is the US breaking its heroin-like attachment to oil? Maybe. In America, people are using more fuel-efficient cars, more ethanol. and less oil. According to the FT "The country’s foreign ...
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Newspapers: Bad News With One Exception (NYT)(GCI)

Posted: May 19, 2008 at 6:43 pm

Newspapers continued their march into oblivion with one tiny bright spot, the internet revenue for The New York Times.Reporting April numbers, NYT said the the internet revenue in its newspaper ...
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Insider Watch: First Solar CEO Unloads Millions In Stock (FSLR)

Posted: May 19, 2008 at 5:35 pm

As part of a 10b5-1 trading plan, First Solar Inc. (NASDAQ: FSLR) has seen its CEO Michael Ahearn unload roughly 250,000 shares of common stock. As of the last filing, ...
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Can Solarfun Live Up to Expectations? (SOLF)

Posted: May 19, 2008 at 4:42 pm

Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) has been on an absolute tear over the last week. The Chinese PV cell manufacturer will release earnings before the open this Wednesday ...
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Union Drilling To Tap Capital (UDRL)

Posted: May 19, 2008 at 4:09 pm

Union Drilling, Inc. (NASDAQ: UDRL) has filed to sell up to 15,726,540 shares of common stock in a secondary offering. The company will sell up to 5,000,000 shares and the ...
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Amgen, Finally Some Good News (AMGN, MRK)

Posted: May 19, 2008 at 4:01 pm

Shares of Amgen Inc. (NASDAQ: AMGN) are seeing a small gain in after-hours trading. The troubled biotech giant announced that findings from its head-to-head, double-blind trial comparing the effects of ...
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Nucor Taps Capital After a Huge Run (NUE)

Posted: May 19, 2008 at 3:14 pm

Nucor Corporation (NYSE: NUE) is going to pursue a public offering of 25,000,000 shares of common stock and it granted underwriters an over-allotment option of up to an additional 3,750,000 ...
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The 52-Week Low Club (RBS)(NEXC)(UAL)(ICON)

Posted: May 19, 2008 at 2:58 pm

Royal Bank of Scotland (RBS) Warren Buffett will not bid of bank's insurance unit. Down to $5.87 from 52-week high of $11.50.Nexcen Brands Inc (NEXC) Company accountants give a "going ...
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Are Stock Option Probes Coming To An End? (BRKS, BRCM, MRVL)

Posted: May 19, 2008 at 2:35 pm

It looks like the SEC is getting more focused in its options backdating probes, although it is going after some companies more than others. Frankly, it's about time to wrap ...
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Devon Closes Another African Operations Sale (DVN)

Posted: May 19, 2008 at 2:07 pm

Shares of Devon Energy Corp. (NYSE: DVN) are up slightly as the company has closed on the sale of another asset in Africa. The company closed upon the sale of ...
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Another Analyst Hammers Investment Banking Stocks (LEH)(GS)(MS)

Posted: May 19, 2008 at 10:43 am

As each day passes, a larger and larger portion of the analyst community turns on banks and brokerages like a pack of wild dogs.The majority report now seems to be ...
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Caution in Home Depot Ahead of Earnings After Lowe’s (HD, LOW)

Posted: May 19, 2008 at 9:53 am

This morning the earnings report out of Lowe's Companies Inc. (NYSE: LOW) has taken shares lower. The housing materials and hardware giant saw a near-18% drop in earnings and its ...
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Finding Solutions To Avoid Small Business Bankruptcies

Posted: May 19, 2008 at 9:31 am

The trouble in the business world is not just confined to big companies and banks which get covered on the front pages of newspapers. Small business in America is officially ...
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Energy Spin-Offs Still Outstanding (ETR, CVI)