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Daily Archives: August 1, 2008

Bmw

US Auto Troubles Eviscerate Foreign Car Company Earnings

Posted: August 1, 2008 at 4:53 am

The plague of falling US vehicle sales is reaching the earnings of big car companies abroad. BMW "reported second-quarter earnings that trailed analysts' estimates and abandoned its profit forecast on ...
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Wmt

Wal-Mart (WMT) Defends Against The Socialists

Posted: August 1, 2008 at 4:32 am

Wal-Mart (WMT) defenders of the faith of "every day low pricing" is warning its management and supervisors that if Democrats win the election in the Fall, it will be easier ...
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Jp_morgan

Former Bear Stearns CEO Leaves JP Morgan (JPM)

Posted: August 1, 2008 at 3:01 am

Former Bear Stearns CEO Alan Schwartz is leaving JPMorgan Chase (JPM) following the $10-per share deal that ended Bear's 85 years as a stand-alone company. Schwartz joined in 1976, and ...
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Marlboro

Is Altria Up In Smoke? (MO)

Posted: August 1, 2008 at 2:57 am

Altria Group Inc. (MO) spooked shareholders today when it said cigarette shipments this year may plunge as much as 3.5 percent. The stock fell to a three-month low as investors ...
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Newspaper

Media Digest 8/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 1, 2008 at 2:50 am

According to Reuters, GM (GM) is expected to post a huge loss. Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers.Reuters reported that stressed banks borrowed ...
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Asia Markets 8/1/2008 (CHL)(SNP)

Posted: August 1, 2008 at 2:25 am

Markets in Asia were mostly lower.The Nikkei fell  2.1% to 13,095. Bridgestone fell 3.7% to 1289. Casio fell 3.7% to 1289.The Hang Seng dropped 1.5% to 22,398. China Mobile (CHL) ...
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