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Jon C. Ogg

Medicis and Valeant, When Both Companies Rise on a Merger

Medicis Pharmaceutical Corp. (NYSE: MRX) is seeing its shares surging on news that it will be acquired by Valeant Pharmaceuticals International Inc. (NYSE: VRX). What is interesting here is that Valeant is seeing its…

Jon C. Ogg · 14 years ago

Citi Increases Debt Reduction Plan

Citigroup Inc. (NYSE: C) is increasing its debt repurchases. The banking giant said that it is upsizing the principal amount of the notes to be accepted for purchase under cash tender offers by Citigroup…

Jon C. Ogg · 14 years ago

Yelp Shrugs Off IPO Lockup Expiration

Whether or not Yelp Inc. (NYSE: YELP) should be considered a social media company is something we will leave up to you. What it has in common is simple: a huge lockup expiration where…

Jon C. Ogg · 14 years ago

Flash: Q2 GDP Revised Slightly Higher

U.S. gross domestic product has been revised slightly higher to 1.7% in its first revision for the second quarter of 2012. The first Q2 GDP was originally reported as being up 1.5% and both…

Jon C. Ogg · 14 years ago

DJIA Component Kraft (Mondelez) Hits 52-Week High

Kraft Foods Inc. (NASDAQ: KFT) may sound like a strange restructuring name ahead of its split when the company will become Mondelez. It sounds like a casino, but investors are snapping shares up. In…

Jon C. Ogg · 14 years ago

Oil and Gas Withstanding TS/Hurricane Isaac

Tropical Storm Isaac is set to become a hurricane before making landfall in Louisiana. The storm is not expected to be a major hurricane, but there is a saying that all hurricanes are major…

Jon C. Ogg · 14 years ago

Richmond Fed Shows Weak Manufacturing, Negative Jobs Trend

The Federal Reserve Bank of Richmond is out with its August report on manufacturing activity in the central Atlantic region. The report is a negative, but the Richmond Fed also noted that the contraction…

Jon C. Ogg · 14 years ago

Consumer Confidence Takes a Serious Dive

The Conference Board is out with its newest read on consumer confidence. The reading from August is a huge disappointment at 60.6, compared to a Bloomberg consensus target of about 65.8 and to July’s…

Jon C. Ogg · 14 years ago

Draghi Bows Out of Jackson Hole

Mario Draghi has backed out of his speech and attendance at the coming economic symposium in Jackson Hole, Wyoming.  The issue is said to be scheduling with events in Europe and London, while trying…

Jon C. Ogg · 14 years ago