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Daily Archives: June 25, 2008

ETN/ETF Launch: Sugar, Softs, Cotton, Coffee, Cocoa (NYX, SGG, JJS, BAL, JO, NIB)

Posted: June 25, 2008 at 10:35 am

NYSE Euronext (NYSE: NYX) today announced the launch of many new Barclays iPath®Exchange Traded Notes (ETNs) on NYSE Arca.  Here are the ones that launched for soft commodities trading:iPath®Dow Jones-AIG ...
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Metals ETN/ETF Launch: Tin, Platinum, Lead, Aluminum, Precious Metals (NYX, JJT, PGM, LD, JJU, JJP)

Posted: June 25, 2008 at 10:32 am

NYSE Euronext (NYSE: NYX) today announced the launch of many new Barclays iPath®Exchange Traded Notes (ETNs) on NYSE Arca.  Here are the new ones that launched for metals trading:iPath®Dow Jones-AIG ...
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Progress Acquires IONA Technologies (PRGS, IONA)

Posted: June 25, 2008 at 8:35 am

Progress Software Corporation (NASDAQ: PRGS) and IONA Technologies plc (NASDAQ: IONA) are going to see active trading today.  Progress is acquiring IONA in a cash buyout of $162 million and ...
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Blackstone Puts $500 Million Into Pipeline Company (BX, KYN, KYE, KED, EPD)

Posted: June 25, 2008 at 8:02 am

The Wall Street Journal has reported that The Blackstone Group LP (NYSE:BX) will invest some $500 million into a new pipeline company, Crestwood Midstream Partners LLC. Crestwood was formed in ...
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Monsanto Beats, But Not Enough (MON)

Posted: June 25, 2008 at 7:19 am

Monsanto Co. (NYSE: MON) has just reported its quarterly earnings report.  The agriculture and seed giant has posted $1.45 EPS on $3.588 Billion in total sales.  First Call had estimates ...
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MasterCard & American Express Settle Litigation (MA, AXP)

Posted: June 25, 2008 at 7:06 am

MasterCard Incorporated (NYSE: MA) has just announced it has reached an agreement to settle its outstanding litigation with American Express (NYSE: AXP).  The company says the tax-affected net present value ...
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Williams Companies Challenges Multi-Year Highs on Guidance (WMB)

Posted: June 25, 2008 at 6:40 am

Williams Companies, Inc. (NYSE: WMB) has just increased its earnings guidance for 2008 and 2009.  Its 2008 consolidated recurring segment profit guidance to a range of $3.1 to $3.65 Billion ...
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Top 10 Pre-Market Analyst Calls (ALD, T, BA, NDAQ, NNI, PBT, RL, RGC, TIBX, WINN)

Posted: June 25, 2008 at 6:11 am

These are not all of the calls we are seeing in pre-market coverage, but these are ten of the calls impacting shares this Wednesday morning:Allied Capital (NYSE: ALD) Started as ...
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With Apple (AAPL) In The Game, No Confidence For RIM (RIMM)

Posted: June 25, 2008 at 5:39 am

Wall St. is getting nervous that RIM (RIMM) could lose its luster as it moves from providing handsets for business into the consumer market. Apple (AAPL) is sitting there along ...
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Nissan Sees Trouble In US Car Market

Posted: June 25, 2008 at 5:16 am

Ever since he lost out on a bid to take control of GM (GM), Carlos Ghosn has seemed a bit punchy. His golden touch at Nissan and Renault have failed ...
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Another Headwind For Boeing (BA)

Posted: June 25, 2008 at 5:04 am

Boeing (BA) has demonstrated that it cannot get its big planes to market on time. It has delayed its 787 Dreamliner three times. Customers are angry and may actually ask ...
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What Barclays (BCS) Portends

Posted: June 25, 2008 at 4:54 am

The market was happy to see Barclays (BCS) raise nearly $8.9 billion. The stock traded up in London. No one seems to care that the need for capital meant the ...
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Countrywide (CFC): The Law Catches Up To Mozilo

Posted: June 25, 2008 at 4:35 am

Frank Mozilo, founder and CEO of Countrywide (CFC), is almost universally viewed as a thug and miscreant. It will be left to the celestial authorities whether he eventually goes to ...
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Short Sellers Extend Strong Bets Against Techs (CSCO)(INTC)(DELL)(JAVA)(BRCM)(QCOM)(AMGN)(SIRI)(SBUX)(YHOO)

Posted: June 25, 2008 at 3:15 am

Based on data from Nasdaq as of June 13, short sellers made heavy bets against tech stocks. Many investors clearly think the sector is not immune from the current economic ...
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Media Digest 6/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 25, 2008 at 2:59 am

According to Reuters, the Fed is seen as holding rates on fears of inflation.Reuters writes that the CEO of Nissan is bracing for the worst in the US.Reuters writes that ...
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