Owner: FeedTheBull | Stock Market News with a Voice! URL:http://www.feedthebull.com Join Date: Mon, 15 Oct 2007 10:14:08 -0500 Rating:0 Site Description: FeedTheBull is a social site for everything related to the stock market, business, and the economy. It is a place that gives investors a voice by allowing them to submit, vote, and comment on articles that influence the stock market. By allowing the inves Site statistics:Click here
Citigroup Posts 57 Percent Drop in 3Q 2007-10-15 09:24:00 Citigroup said Monday its third-quarter profit dropped 57% after the biggest U.S. bank took a hit of more than $3 billion in mortgage-backed security losses, leveraged debt write-downs, and fixed-income trading losses.
The market took it reasonably well, however, with the shares only falling 2% in early morning trading. This is because Citigroup stemmed the market a few weeks ago by warning that its third-quarter profit would fall by about 60%. Shares have fallen more than 6 percent since the start of July, and are down more than 12 percen Read more:Percent
, Citigroup
The Wrong Inscription of U.S. Coins 2007-10-15 08:29:23 One of the greatest American symbols - the American dollar, have been presented to the world with a new look. 300 million new George Washington dollar coins were recently struck. About 50,000 proved to be without the edge inscription "In God We Trust". Read more:Wrong
Roca mines ready to ROK 2007-10-15 05:42:06 Yes, it would seem the stars are aligning for Roca's Max molybdenum mine. The Max molybdenum mine, located 60 km south Of Revelstoke B.C., will be Canada's first new molybdenum mine. Roca's competitors are jostling to get in on this recent "moly mania", but the commissioning of new mines
is a capital and time intensive venture. New mines require feasibility studies, permitting, and lots of cash. All the hurdles that a new miner faces are clearly visible in Roca's rear view mirror. Roca's production at Max is imminent. Read more:ready
Protective Puts 2007-10-15 02:40:15 Find out how to protect your portfolio of stocks from losses using the Protective Puts option trading strategy!
Whitewash at Northern Rock? 2007-10-15 02:36:14 Troubled UK bank, Northern
Rock, tanked 20% on the open today amid fears of a whitewash deal to take over the bank. Traders will be watching any further announcements closely to enter a trade if the company look to clarify the statement. Read more:Whitewash
TIME TO BACK OFF YOUR LONGS 2007-10-14 13:09:41 I am looking at convincing evidence that a top has been put in the US stock markets. I will begin to short the Q's and then go overseas and begin shorting China , India and Brazil. The economy may not fall into a recession ...it may get overheated which is why gold is relentlessly going higher. The forces for a long decline are in place but we may just go sideways after a 5-7% correction and all the optimism is taken out. Last week was the easiest week since 1999 to make money on the long side ...this market is getting LONG IN THE TOOTH. TTT
Private Equity CGT Doubles Under the UK Tax Reich 2007-10-13 13:17:53 Private equity and advisory firms have expressed their 'disappointment' at the latest tax bonanza announced by the new Chancellor of the Tax Reich, Herr Darling, after he announced that business taper relief on capital gains will be abolished and replaced with a flat capital gains tax rate of 18 per cent from April 2008. Read more:Private Equity
, Doubles
, Equity
, Private
Rethinking Microsoft: Theres great upside potential for the software giant 2007-10-12 16:45:29 John C. Dvorak wrote this article that really got me thinking. The premise of the article is that we need to rethink our attitude toward shares of Microsoft
. They have been beaten up for quite awhile because of the perceived inability to perform in the market. There are 6 main reason that John feels the stock has not seen its true potential.
1. The belief that the company cannot sustain growth.
2. The belief that Linux or Apple can step in and dominate Microsoft, because the newest version of Windows lacks luster and has not been well re Read more:giant
, upside
Allegheny Tech loses ground on profit warning 2007-10-12 13:38:20 ATI shares gave up about 12.4% to trade at $93.72.
The company said it now expects third-quarter net income of $1.85 to $1.88 a share, below the forecast of $1.96 in a survey of analysts by Thomson Financial.
The company also expects 2007 earnings of $7 to $7.25 a share, below the Wall Street forecast of $7.96 a share.
ATI noted that the continued softness in demand for standard stainless sheet is due to higher inventories at certain mills and depots.
Despite the lowered guidance, ATI's long-term growth outlook remains intact and Read more:warning
, profit
, ground
Why the Market Reversed Today 2007-10-11 22:11:26 At the end of the day, the Dow closed down 63 points, the cubes (QQQQ) are off 1.59%, and we're in a great position for Friday and the weekend. Do you want to know why the markets reversed today? Here's the only theory (so far) that makes any sense... Read more:Today
, Reversed
, Market
EA to buy BioWare, Pandemic Studios in $860M deal 2007-10-11 17:04:22 Electronic Arts has agreed to acquire VG Holding Corp., which owns both BioWare and PandemicStudios
, from Elevation Partners in a deal valued at $860 million.
This will give EA a "strong competitive position in key genres in interactive entertainment: action, adventure and role-playing games." These are some of the most popular genres in gaming today, which should really help the bottom line.
BioWare and Pandemic Studios already has 10 franchises under development, including six wholly owned games, one of which will be published by Mi
Inveslogic Daily Blog Report: Sallie Mae Break-up Gets Messy, Education is the Next Big Chinese Sector 2007-10-11 17:02:14 InvesLogic is something new. It's the first company to organize expert financial and business blogs worth reading into a new form of market intelligence different from anything being provided by the mainstream investment media. We're focused on providing the most valuable and timely market and business insight available in blogs today. Not just information about a specific stock or company but expert opinion and commentary about the insiders, sectors, trends, industries, and commodities a company is involved in. For more information, Read more:Chinese
, Education
, Messy
, Break
, Daily
Wall Street Falls As Tech Takes a Hit 2007-10-11 16:41:09 It hasn't even been a full 8 hours since my last post and the market has turned around in a big way. The Dow was up over 100 points earlier in the session and then turned to big losses as investors took profits. What triggered the sell-off? Axel Weber, a European Central Bank official, pointed to rising price risks and JPMorgan Chase & Co. lowered its revenue expectations for Baidu.com.
There was also an elevated level of concern on Street
.htm">Wall Street
that the inflation in the European Union could spill over into the United States and prevent the Read more:Falls
Fastenal Q3 results miss estimates, shares drop 2007-10-11 10:58:05 Nuts and bolts distributor Fastenal posted a lower-than-expected quarterly profit, hurt by a decline in daily sales growth, sending the shares
down about 7% in early trade.
Fastenal missed estimates by $0.1/share and revenue by over $1M. Third-quarter net income rose to $62.1 million, or 41 cents a share, compared with $54.1 million, or 36 cents in the year-ago period. Revenue rose over 13 percent to $533.8 million.
It is amazing how much 1 penny means to the steet, as it drove the shares down over $3.50.
The company is planning an e Read more:results
Trade Deficit Improves Significantly 2007-10-11 09:48:29 The U.S. trade deficit fell to the lowest level in seven months, helped by record-high sales of American products and the declining value of the dollar. The deficit with China declined as imports edged down slightly following a string of high-profile recalls.
The Commerce Department reported Thursday that the deficit declined to $57.6 billion in August, down 2.4% from the July imbalance. The improvement reflected a 0.4% rise in exports, which climbed to a record $138.3 billion. Imports actually dropped by 0.4% to $195.9 billion.
The Labo Read more:Trade
Foriegn Trade 2007-10-11 04:42:38 Welcome to InfodriveIndia.com, India's leading International Trade
Resource for International Trade Data. Info Drive India is the leading group of India Exporters. Search for Foriegn Trade data in Info Drive India.
Who is going to develop the worlds first Virtual TV Network (VTN)? 2007-10-10 23:24:56 NBC, BBC, ABC... and maybe soon RayV TV as well. Israeli RayV raised a second round of $8M to develop
live 24 hour broadcasts of quality programming for the PC and TV in what they call a "Virtual TV Network" at ZERO COST.
Casual Gaming Company Oberon Reveals Deal Numbers 2007-10-10 22:15:41 In Oberon's recent FCC filings, they had to showdown. The filings revealed the price of the acquisitions, approximately totaling $70 million, which includes an $18 million common stock exchange, and $52.52 million in newly-raised junior preferred stock. The additional investment round was $47.4 million. Not bad. Read more:Casual
, Gaming
, Numbers
Thoughts on Boeing's Dreamliner 787 Delay 2007-10-10 17:46:50 Yes, Boeing
has been getting great defense and homeland security contracts lately. With it's defense projects accounting for about half its total business, I suppose that's why Boeing is able to maintain financial guidance for 2007-2008 and subsidize the 787 development costs. But guess what, people think Boeing's just a commercial airplane maker, and just a 787 Dreamliner maker at that! Its like it's other businesses doesn't exist! (I say this because it seems Boeing's stock only reacts to Dreamliner headlines, both good and ba Read more:Delay
New Supporters of SIRIUS/XM Merger Urge FCC Approval 2007-10-10 11:54:38 SIRIUS Satellite Radio and XM Satellite Radio highlighted additional support they have received for their merger in recent weeks from Members of Congress, consumer advocates, automaker Kia Motors and diverse on-air talent, including Charlie Daniels and Deepak Chopra. These recent filings with the Federal Communications Commission (FCC) urge approval of the merger, noting the many benefits the merger of XM and SIRIUS will offer consumers.
Read the full Press Release on Yahoo!Finance to see what these supporters have to say. These comments ha Read more:Approval
, Merger
, Supporters
The GEO Group - Don’t Sell, but Don’t Buy Either 2007-10-10 11:31:49 Barron's identified the prison operator sector's recent weakness as a buying opportunity. I agree that the prison population is more likely growing at the 13% forecast by the Pew Charitable Trusts than the incomplete Census report of a 4% growth. We all know how reliable government data are…just look at other statistics like the Jobs Data. However, with the stock up 70% year-over-year, I wanted to take profits. With such an amazing run and with some increased near-term risk, I'd like to see some consolidation or pullback as these issue Read more:Group
Boeing Delays Dreamliner Delivery 2007-10-10 10:53:20 Boeing announced that problems with its 787 Dreamliner airplane program are continuing and that the first deliveries of the airplane will be delayed six months.
Boeing acknowledged last month that the first flight of the airplane was running as much as four months behind, but at the time, officials insisted that they still believed they could complete the flight test program in time to deliver the first airplane in May 2008. Boeing now expects deliveries in late November or December 2008. The first flight is now anticipated around the end o Read more:Delivery
, Delays
, Boeing
International ETFs: Profitable But Still Risky 2007-10-10 10:33:35 This is the title that we have heard for the last few years. Get your money outside the US and into some international equities. This was a hard thing to do for the Average Joe Investor, until ETFs came around. ETFs have been tracking indices to now creating their own style of investments and tracking a very sophisticated lot of stocks.
Gary Gordon gives a few examples of where you may want to put your money, even though there was a large correction due to the global credit crisis, and many shares seen large drawdowns. One that he likes is Read more:Profitable
, International
China Digital Holding: Buy This IPO 2007-10-10 09:36:32 Ron Haruni of Wall Street Pit submitted this article to Seeking Alpha. He believes that ChinaDigital
is a great play and here is why:
1. The digital cable TV market in China is experiencing significant growth
2. The Chinese government's goal is to convert its over 380 million analog TV subscribers to digital TV by 2015.
3. China has become an important supplier of digital set-top boxes, supplying almost 40% of the worldwide digital set-top boxes
4. One year sales growth came in at 133% to $30.6 million in fiscal '06 from $13.1 million
Canada is "not for sale": Industry Minister 2007-10-09 18:46:02 "Free markets do not mean a free pass. Canada
is open for business, but it's not for sale. And like other countries around the world, it's important that we have safeguards in place to protect our interests." --Jim Prentice, Industry Minister
UMCs Sept sales up 14.2 Pct 2007-10-09 17:43:17 UMC, the world's No.2 contract chip maker, September sales rose 14.2% from a year ago, topping that of sector leader TSMC as the companies ride on a consumer boom. Investors greeted them with a large 23.4% jump in the share price.
United Microelectronics Corp (UMC) garnered sales of T$10.542 billion ($323 million) last month, higher than T$9.234 billion a year earlier and T$10.433 billion in August, the company said on it Web site (www.umc.com).
Earlier in the day, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) posted a 6.1% annual ga
Fed members all backed bold rate cut 2007-10-09 13:22:56 A united Federal Reserve was increasingly confident last month that inflation no longer posed a significant threat, which along with an "extremely weak" housing sector paved the way for its aggressive interest-rate reduction, according to the minutes of its Sept. 18 meeting.
Yet officials were quiet on the timing, or even the direction, of future policy moves, saying "future actions would depend on how economic prospects were affected by evolving market developments and by other factors."
Initially, last month's decision touched off Read more:backed
Newmont to Acquire Miramar for $1.53B 2007-10-09 11:27:42 Newmont Mining Corp., one of the world's largest gold mining companies, on Tuesday said it has agreed to buy Canadian rival Miramar Mining Corp. about $1.53 billion.
The offer of 6.25 Canadian dollars ($6.36) per share represents a 24 percent premium over Miramar's closing stock price of $5.15 on Monday in New York.
Newmont said the acquisition will allow for construction of a new mining district in Canada's Nunavut territory, and give it more opportunities to expand existing projects in the country. Read more:Acquire
, Newmont
Molson Coors, SABMiller Combine U.S. Ops 2007-10-09 09:48:41 The makers of Coors
and Miller Lite plan to combine their U.S. brewing operations in an effort to compete better against industry leader Anheuser-Busch.
The joint venture announced Tuesday will be known as MillerCoors and will have responsibility for selling brands including Miller Lite, Miller Genuine Draft, Coors, Coors Light and Molson
Canadian in the U.S.
SABMiller PLC will have a 58 percent economic interest in the venture and MolsonCoors Brewing Co. will own 42 percent of the new company. They will have equal voting interests, howe
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