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Daily Archives: June 10, 2008

Boardwalk Pipeline Hit On Secondary (BWP)

Posted: June 10, 2008 at 5:31 pm

Boardwalk Pipeline Partners, LP (NYSE: BWP) has priced its planned and proposed secondary offering of 10,000,000 units representing limited partner interests at a price of $25.30 per unit.  For an ...
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Russia’s Gazprom Sees Oil At $250, Refuses To Be Topped By US Analysts

Posted: June 10, 2008 at 4:54 pm

The Russians will not take a back seat to anyone. That includes oil analysts from Goldman, Lehman, and Merrill Lynch who say oil may reach $200. They will not be ...
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SourceForge CEO Out.. Slashdot.Org and ThinkGeek (LNUX)

Posted: June 10, 2008 at 4:28 pm

SourceForge, Inc. (NASDAQ: LNUX) announced after the close that its  President & CEO Ali Jenab has resigned from the company, with an effective date of today.  Interestingly enough, Ali Jenab ...
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As Verizon Wireless (VZ)(VOD) Does Well, Does Sprint (S) Do Poorly?

Posted: June 10, 2008 at 3:16 pm

Verizon (VZ) had two piece of news for investors today. The first is that it fiber-to-the-home cable killer, FiOS is being built out faster than expected. All 18 million of ...
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The 52-Week Low Club (ABK)(VSE)(LEE)(NOK)(SNCR)

Posted: June 10, 2008 at 2:51 pm

AMBAC (ABK) Brutal sell-off in some financials. S&P cuts some securities covered by the insurer. Down to $1.74 from 52-week high of $89.33.Verasun Energy (VSE) Corn up, ethanol stocks down. ...
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Moody’s Pans Yum Brands Debt Rating (YUM)

Posted: June 10, 2008 at 2:18 pm

In yet another beloved move by 'independent ratings agencies,' Moody's Investors Service has placed the Debt Ratings (not equity) of Yum Brands Inc. (NYSE: YUM) on review for a possible ...
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Gas Will Peak At $4.15 In August, Really It Will

Posted: June 10, 2008 at 2:17 pm

The Energy Information Administration says that gas prices will peak at $4.15 in mid-August. Honest.According to Reuters," Last month, the EIA projected gasoline prices would peak in June at $3.73 ...
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IPO FILING: Mistras Group, Inc.

Posted: June 10, 2008 at 1:48 pm

A company by the name of Mistras Group, Inc. has just filed to come public via an SEC Filing.  The proposed sale amount for filing purposes is $172.5 million in ...
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Gap Restructuring Mostly Applauded (GPS)

Posted: June 10, 2008 at 12:37 pm

There were some interesting and somewhat expected comments out of the new CEO of Gap Inc. (NYSE: GPS), Glenn Murphy.  He was speaking today at the Piper Jaffray 28th Annual ...
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XTO Boosts Growth With Acquisitions (XTO)

Posted: June 10, 2008 at 10:38 am

Shares of XTO Energy Inc. (NYSE: XTO) are trading higher after announcing a rather large acquisition.  The company is acquiring privately held Hunt Petroleum Corp. for some $4.2 Billion in ...
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Pinnacle’s Delta Connection Contract Terminated (PNCL, DAL, MESA)

Posted: June 10, 2008 at 9:21 am

Pinnacle Airlines Inc. (NASDAQ: PNCL) might as well have its wings clipped if you look at the news from this morning.   Delta Air Lines, inc. (NYSE: DAL) has given notice ...
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United Rentals Major Share Tender (URI)

Posted: June 10, 2008 at 8:35 am

United Rentals Inc. (NYSE: URI) is seeing shares surge in pre-market trading.  It seems it is doing what the old private equity acquisition couldn't do.  It isn't going private, but ...
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Oil Gushing Again (XOM, COP, RIG, APA, OMNI, NR, WNR, ALJ)

Posted: June 10, 2008 at 8:19 am

Yesterday, the energy sector gained 1.69%, as money flowed into ExxonMobil (NYSE:XOM), up 2.63%; ConocoPhillips (NYSE:COP), up 3.07%, Transocean (NYSE:RIG), up 3.21%; and Apache (NYSE:APA), up 6.04%. Other big gainers ...
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Overstock.com’s Distressed Property Play (OSTK)

Posted: June 10, 2008 at 8:14 am

Overstock.com, Inc. (NASDAQ: OSTK) has announced its official debut of its real estate search application through the O-Hot Value Indicator. The company site can be accessed at http://realestate.overstock.com.  Overstock believes ...
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Cisco Buys DiviTech of Denmark (CSCO)

Posted: June 10, 2008 at 7:07 am

Cisco Systems (NASDAQ: CSCO) is acquiring Denmark-based DiviTech A/S, which is noted as a leader in the digital-service management (DSM) market with a solution that offers media broadcasters, cable and ...
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