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Daily Archives: November 18, 2008

Cliffs, Alpha Scrap Merger Plans (CLF, ANR)

Posted: November 18, 2008 at 8:58 am

Two weeks ago, Cliffs Natural Resources (NYSE:CLF) pushed out its shareholder vote on a merger with Alpha Natural Resources (NYSE:ANR) to mid-December. Alpha promptly filed suit, seeking to force Cliffs ...
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Corning Lowers Lowered Lows (GLW)

Posted: November 18, 2008 at 8:55 am

Corning Inc. (NYSE: GLW) is making a presentation this morning at a UBS conference, and it is adding more negative sentiment on top of what was already there.  CFO James ...
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Hewlett-Packard Tries To Save Tech Stocks (HPQ, DELL, IBM, INTC, MSFT)

Posted: November 18, 2008 at 8:29 am

Hewlett-Packard Company (NYSE: HPQ) is trying to save technology stocks this morning all on its own.  Or that is how it seems with its guidance.  The company issued preliminary guidance ...
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Early Bird Analyst Upgrades (BJS, CHS, FSLR, GNCMA, MDTH, PCS)

Posted: November 18, 2008 at 7:33 am

These are some of the top early bird upgrades or positive calls from analysts on Wall Street which we have seen early this Tuesday morning:BJ Services (BJS) Raised to Outperform ...
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Early Bird Analyst Downgrades (ASTI, KO, DT, ESLR, K, PEP, TSL)

Posted: November 18, 2008 at 7:29 am

These are some of the top early bird downgrades or negative calls we have seen from analysts on Wall Street this Tuesday morning:Ascent Solar (ASTI) Cut to Underweight at JPMorgan.Coca-Cola ...
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A Bright Light From Home Depot (HD)

Posted: November 18, 2008 at 6:25 am

The first reaction a lot of investors would have to Home Depot's (HD) results is that they are bad. Very bad. The earnings beat Wall St. forecasts, but the firm's ...
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US Analysts Still Hate “Sell” Ratings

Posted: November 18, 2008 at 6:10 am

In this corporate earnings environment, there should be ample opportunities for analysts to put "sell" ratings on stocks. Of course, there was the famous call a few days ago when ...
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Bank Execs All Sacked: Firings Move To Tech Industry (ORCL)(SYMC)(AMD)(EBAY)(YHOO)(INTC)(HPQ)(JAVA)

Posted: November 18, 2008 at 5:48 am

John Thompson, the head of Symantec (SYMC), "stepped down" yesterday. Hector Ruiz recently vacated the CEO's office at AMD (AMD). The head of Sun (JAVA), Jonathan Schwartz, will probably be ...
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Yang Steps Down At Yahoo! (YHOO): No Candidates To Step In

Posted: November 18, 2008 at 5:19 am

From the day that Yahoo! (YHOO) walked away from a takeover bid by Microsoft (MSFT) to the day that the portal company could not report good earnings to the day ...
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Media Digest 10/18-2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 18, 2008 at 3:55 am

According to Reuters, Yahoo! (YHOO) CEO Yang resigned.Reuters reports that Japan expects a long recession.Reuters writes that Congress will take a first look at a new auto bailout bill.Reuters reports ...
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Asia Market and Europe Open 11/18/2008

Posted: November 18, 2008 at 3:18 am

Markets in Asia fell.The Nikkei was off 2.3% to 8,328. Sony (SNE) was off due to weakening consumer spending. Mitsubishi UFJ Financial  joined a sell-off in global banks.The Hang Seng ...
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