Investing

Pre-market Stock News (November 7, 2007)

  • Blue Nile (NILE) trading up almost 10% after earnings.
  • CDC Corp.’s (CHINA) China.com subsidiar signed an advertising contract with Giant Interactive Group (GA), one of China’s leading online game developers.
  • Devon Energy (DVN) $1.55 EPS vs $1.40 est.
  • DollarThrifty (DTG) $1.16 EPS vs $1.17 est.; guidance looked soft.
  • Fluor (FLR) $1.02 EPS vs $1.09 est.; backlog up 41%.
  • Ford (F) trading down 2% in conjunction with GM losses; Ford posts earnings Thursday.
  • Foster Wheeler (FWLT) approved a 2-1 stock split.
  • General Motors (GM) traded down 8% after posting huge charges and wider losses.
  • Geron (GERN) says data show its cell-based therapeutic for spinal cord injury survives and exhibits remyelination for at least nine months following injection; shares up 2%.
  • Health Care (HCN) To Replace Ceridian (CEN) in S&P MidCap 400 Index.
  • Inspire Pharma (ISPH) -$0.32 EPs vs -$0.37 est.
  • Melco PBL Ent. (MPEL) says Macau City of Dreams remains on budget and on-time.
  • MEMC Electonic (WFR) noted by Cramer as his favorite stock in alternative energy related stocks.
  • Microsoft (MSFT) fired its Chief Information Officer after violating company policies.
  • NASDAQ (NDAQ) confirmed a $652 million buyout of Philadelphia exchange for some $652 million purchase price in a deal that will close in early 2008.
  • NuStar Energy (NS) $0.81 EPS vs $0.77 est.
  • Time Warner Cable (TWC) $0.25 EPS vs $0.27 est.
  • Time Warner inc. (TWX) $0.24 EPS vs $0.24 est.; reaffirmed 2007 target, although it may be $0.01 under consensus EPS.

Jon C. Ogg
November 7, 2007

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