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Daily Archives: July 16, 2008

3 Value Scenarios for Yahoo!: $17, $22, or $30 (YHOO, GOOG, TWX, MSFT, IACI)

Posted: July 16, 2008 at 5:49 pm

The ongoing Yahoo! Inc. (NASDAQ: YHOO) merger saga with Microsoft (NASDAQ: MSFT) or its potential sidebar deal with Google Inc. (NASDAQ: GOOG) and the fight with Carl Icahn has been ...
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Major Rite Aid Gains Tied To Insider Buying (RAD)

Posted: July 16, 2008 at 4:01 pm

Rite Aid Corp. (NYSE: RAD) has been in trouble and its perpetual turnaround has been elusive or just short-lived at best with shares having slid more than 80% from 52-week ...
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Yum! Guidance Only Catches Up To Analysts (YUM)

Posted: July 16, 2008 at 3:35 pm

Yum! Brands Inc. (NYSE: YUM) just posted earnings and the fast food giant posted $0.45 EPS on $2.65 Billion in revenues (after $330 million in license fees).  First Call had ...
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eBay Tops Estimates, But Too Conservative Ahead (EBAY)

Posted: July 16, 2008 at 3:21 pm

We just got earnings out of online auction giant eBay Inc. (NASDAQ: EBAY).  The company posted $0.43 EPS (non-GAAP) and $2.2 Billion in revenues, which compares to First Call estimates ...
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Merrill Lynch (MER) To Sell Bloomberg Shares For $4.5 Billion

Posted: July 16, 2008 at 3:03 pm

According to CNBC, Merrill Lynch (MER) will sell its share in Bloomberg to trust holding Bloomberg ownership for $4.5 billion. The same reports says that Merrill will not sell its ...
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The 52-Week Low Club 7/16/2008 (STX)(GCI)(GHS)(OESX)

Posted: July 16, 2008 at 2:58 pm

Seagate (STX) Misses numbers and gets pounded. Down to $14.27 from 52-week high of $28.91.Gannett (GCI) Advertising revenue falling fast. Drops to $14.62 from 52-week high of $55.37.Gatehouse (GHS) Another ...
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June 2008 FOMC Minutes: Discrepancies Of Fed Opinion Rising

Posted: July 16, 2008 at 1:18 pm

If you love to review the totality and formal minutes you can see the full release of the JUNE FOMC MINUTES for the meeting adjourned on June 25.Here are some ...
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Middle East ETF Launch: WisdomTree Middle East Dividend Fund (GULF, WSDT)

Posted: July 16, 2008 at 11:53 am

We have seen the launch today on the NASDAQ of the WisdomTree Middle East Dividend Fund(NASDAQ: GULF).  WisdomTree (PinkSheets: WSDT) is the manager of the index and the ETF.The WisdomTree ...
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Africa ETF Launched: Market Vectors-Africa Index ETF (AFK)

Posted: July 16, 2008 at 11:30 am

This week was the launch of a new ETF called Market Vectors-Africa Index ETF (NYSE: AFK) for US investors looking to place investments in Africa.  We have covered this section ...
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Shell Invests Further in Cellulosic Ethanol (RDS-A) (RDS-B)

Posted: July 16, 2008 at 10:26 am

Royal Dutch Shell plc (NYSE: RDS-B) and Iogen Corporation announced Tuesday an extended commercial alliance that will accelerate their development and deployment of cellulosic ethanol.This includes a significant investment by ...
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Gannett (GCI): USA’s Largest Newspaper Company Takes A Hit

Posted: July 16, 2008 at 8:42 am

Even though the market expects poor results from newpaper companies, the actual results can come as a shock. Gannett (GCI) is off over 5% to a 52-week low of $15.93 ...
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AMR Still Flying, With Caution (AMR)

Posted: July 16, 2008 at 8:30 am

AMR Corporation (NYSE: AMR), American Airlines' parent, reported a Q2 net loss of $1.4 Billion or -$5.77 EPS.  Results include special charges of $1.1 billion non-cash accounting charges to write ...
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Taking The “Stag” Out of Stagflation

Posted: July 16, 2008 at 8:02 am

The Labor Department said that the Consumer Price Index rose 1.1% last month. Energy alone was up 6.6%. Both figures were higher than what Wall St. expected.Inflation is here to ...
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R-I-M Takes a Downgrade (RIMM)

Posted: July 16, 2008 at 7:57 am

Research-In-Motion Ltd. (NASDAQ: RIMM) is seeing shares trade lower this morning in pre-market trading.  The Blackberry Smartphone maker saw its shares downgraded this morning as shares were cut to "Underperform" ...
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ERBITUX Gets Approved in Japan for Colorectal Cancer (IMCL, BMY)

Posted: July 16, 2008 at 7:42 am

ImClone Systems Incorporated (NASDAQ: IMCL) has just announced that ERBITUX(R) has received marketing authorization in Japan for use in treating patients with advanced or metastatic colorectal cancer (mCRC). This approval ...
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