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Daily Archives: July 7, 2008

Goodrich Petroleum Taps Capital Markets (GDP)

Posted: July 7, 2008 at 3:16 pm

Goodrich Petroleum Corporation (NYSE: GDP) has announced that it has commenced an underwritten public secondary offering of 3 million shares of its common stock.    J.P. Morgan Securities Inc. is ...
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The 52-Week Low Club (MNI)(BAC)(C)(MER)(GHS)(MI)(FRE)(FNM)

Posted: July 7, 2008 at 2:50 pm

Fannie Mae (FNM) hit by rumors that it and Freddie Mac may have to raise $75 billion. Drops to $14.65 from 52-week high of $70.57.Freddie Mac (FRE) sells down to ...
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Earnings Kick Off With Alcoa (AA)

Posted: July 7, 2008 at 12:05 pm

Alcoa, Inc. (NYSE: AA) is set to lead off Q2-2008 earnings season.  After looking around at many last minute sources, we'd caution against you falling for tying the overall bias ...
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Dune Energy: Shrinking to Grow (DNE)

Posted: July 7, 2008 at 11:40 am

Dune Energy, Inc. (Amex: DNE) is selling off its Barnett Shale assets located in Denton and Wise Counties, Texas, for $41.5 million.  The effective date of the sale will be ...
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BusinessWeek: Close The Magazine, Go Digital

Posted: July 7, 2008 at 10:25 am

BusinessWeek, which has been losing advertising pages at the rate of 15% or 20% for well over a year had a total of 24 ad pages it its most current ...
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Ballmer To Icahn: Give Me A New Yahoo! (YHOO) Board, The Perfect Trojan Horse

Posted: July 7, 2008 at 8:33 am

Steve Ballmer, CEO of Microsoft (MSFT), thinks the current board at Yahoo! (YHOO) are buffoons and wants them out before he negotiates to buy all or part of the company. ...
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Top 10 Pre-Market Analyst Calls (APKT, ARMH, BRCM, CPN, DIS, JNPR, KND, MRK, ONT, SU)

Posted: July 7, 2008 at 6:36 am

These are ten of the analyst calls with upgrades and downgrades we are focusing on this Monday morning in pre-market trading:Acme Packet (NASDAQ: APKT) cut to Underweight at JPMorgan; cut ...
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InBev And BUD: Pushing Out Another Board

Posted: July 7, 2008 at 5:37 am

Perhaps this will be the year when replacing corporate boards hits a record level. Carl Icahn wants to do it at Yahoo! (YHOO). Several large investors have been taking a ...
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Oil At $200 And A Two-Year Recession

Posted: July 7, 2008 at 5:22 am

The predictions of $200 oil have made it to the front page of The Wall Street Journal. They have been hanging around in less prominent places, but now they gain ...
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Toyota’s (TM) Poor Call: No Prius In The Garage

Posted: July 7, 2008 at 5:01 am

The Toyota (TM) Prius, the most successful hybrid car in the world, is about to become even more fuel-efficient. According to Reuters, the company "plans to install solar panels on ...
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The Worst Earnings Season In More Than Twenty-Five Years? (AAPL)(GE)(CSCO)(INTC)(T)(VZ)(MSFT)

Posted: July 7, 2008 at 4:46 am

The market took big dips in 2001 and 1987. One was due to a national catastrophe and another was focused on Wall St.'s impression that the market had run too ...
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GM (GM) Tries To Save Itself

Posted: July 7, 2008 at 3:10 am

GM (GM) will try to save itself again. It may be too late. The company may already be in hospice The nation's largest car company is considering dumping thousand of ...
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Media Digest 7/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: July 7, 2008 at 2:52 am

According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion.Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars.Reuters writes ...
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Asia Markets 7/7/2007 (LFC)(SNP)(NTT)

Posted: July 7, 2008 at 2:29 am

Markets in Asia were mostly higher.The Nikkei moved up .9% to 13,361. NEC was up 2.4% to 587. NTT (NTT) was down 2.5% to 527000.The Hang Seng rose 1.7% to ...
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