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Daily Archives: June 16, 2008

Alcatel-Lucent Scores $1 Billion Chinese Order (ALU)

Posted: June 16, 2008 at 5:40 pm

Alcatel-Lucent (NYSE: ALU) announced after the close that it has signed a $1 Billion (one billion dollars) framework agreement for 2008 with China Mobile where it will provide mobile communication ...
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Cost Plus & Pier 1 Brace For War (PIR, CPWM)

Posted: June 16, 2008 at 5:03 pm

It hasn't even been a week, and it appears that the proposed acquisition where Pier 1 Imports, Inc. (NYSE: PIR) wants to acquire the operations of Cost Plus Inc. (NASDAQ: ...
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Tiger/Mediate: Nike/Callaway (NKE, ELY)

Posted: June 16, 2008 at 4:15 pm

What sort of would it be if you could only bet on sporting events by the results only?  Who knows how much the bets were on the actual match going ...
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Adobe Earnings Footnote (ADBE)

Posted: June 16, 2008 at 3:43 pm

Adobe Systems Inc. (NASDAQ: ADBE) has reported it earnings after the close.  The software maker posted $0.40 net EPS and $0.50 non-GAAP EPS on $886.9 million in revenues, and both ...
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The 52-Week Low Club (PPC)(PBG)(RCL)(GHS)(ACAD)

Posted: June 16, 2008 at 3:00 pm

Pilgrim's Pride (PPC) Downgraded by Credit Suisse. Down to $15.67 from 52-week high of $41.Pepsi Bottling Group (PBG) Still troubled by problems at one of Coke's bottlers. Down to $29.22 ...
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Franklin Resources Chairman Sells $40+ Million in Stock (BEN)

Posted: June 16, 2008 at 2:31 pm

A fed filing today from FRANKLIN RESOURCES INC. (NYSE: BEN) indicates that Chairman of the Board Charles Johnson sold 400,000 on June 13 in two transactions at $104.78.  The value ...
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Intel Solar: Start-Up & Spin-Off (INTC, GS)

Posted: June 16, 2008 at 1:59 pm

Just when you thought alternative energy and solar couldn't get hyped any more by any new players, well guess again.  Intel Corp. (NASDAQ: INTC) announced it is spinning off key ...
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GE (GE): A $100 Billion Share Buy-Back

Posted: June 16, 2008 at 1:22 pm

GE (GE) shares reached a five plus year low today, at $28.38 as a JP Morgan analysts called for the company to sell off more units. While GE has auctioned ...
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Nokia (NOK) Offers New Smartphone, No RIM (RIMM) Blackberry Service

Posted: June 16, 2008 at 1:01 pm

Nokia (NOK) has come to market with two smartphones aimed at business users. They do not have RIM (RIMM) Blackberry e-mail services, so new customers and IT officers will have ...
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Sirius (SIRI) Faces The Music

Posted: June 16, 2008 at 11:33 am

The day it was clear the Sirius (SIRI) and XM Satellite (XMSR) would get the FCC green light for their merger was supposed to be a red letter day. With ...
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Adobe Braces For Earnings (ADBE)

Posted: June 16, 2008 at 10:58 am

Adobe Systems Inc. (NASDAQ: ADBE) is set to report earnings after today's close of trading.  The estimates from First Call are $0.46 EPS on $880 million in revenues.  As far ...
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Boardwalk Fully Committed on New Pipeline (BWP, CHK)

Posted: June 16, 2008 at 8:41 am

Boardwalk Pipeline Partners LP (NYSE:BWP) announced that it has signed a 10-year binding agreement with Chesapeake Energy (NYSE:CHK) for natural gas transportation on Boardwalk's new Fayetteville Lateral pipeline. The pipeline ...
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McClatchy (MNI) Bleeds To Death, Cuts Workforce

Posted: June 16, 2008 at 8:20 am

McClatchy posted disastrous advertising revenue numbers for May. Total ad sales at the company fell 16.6%. Total revenue was down.15.1%. With the top line falling that fast, it is hard ...
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Fertitta Takes Landry’s (LNY)

Posted: June 16, 2008 at 8:14 am

Landry's Restaurants, Inc. (NYSE: LNY) has announced that it has entered into a definitive agreement with Fertitta Holdings, Inc.Fertitta has agreed to acquire all outstanding common stock for $21.00 per ...
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Clean Diesel Technologies Signs Another License (CDTI)

Posted: June 16, 2008 at 6:43 am

Clean Diesel Technologies, Inc. (Nasdaq:CDTI) has announced a strategic license agreement with Hilite International, Inc., a supplier of automotive powertrain components headquartered in Cleveland.  The company also has design and ...
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