US Pre-Market Stock News (Nov. 24, 2006)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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DJIA & S&P Futures down 0.4% to 0.5% on light trading activity as the US Dollar was very weak against the Euro (1.31) and the Yen.

(AH) Armor Holdings positive article in Business Week.
(ASX) Advanced Semiconductor Engineering Inc-TAIWAN up on reports that the Carlyle Group planned to lead a $5.4 billion offer for the world’s largest chip packager
(BAY) Bayer plans to sell chemical unit Starck for $899 million to an Advent and Carlyle consortium to help pay for its Schering deal.
(BBI) Blockbuster’s CEO reportedly added 220,000 shares in open market purchases this week.
(BYD) Boyd Gaming noted as another potential gaming/gambling takeover candidate in Business Week.
(CPB) Campbell’s Soup up on positive Business Week article.
(DCX) DaimlerChrysler down almost 2% overseas as EURO currency hits 1.31 USDollar, the highest level in 18 months.
(DIS) Disney reportedly booking an $800M gain on E! sale.
(FFH) Fairfax selling 9 million shares of Odyssey Re (ORH).
(FVE) Five Star Quality Care filed for a potential $871 million in securities sales.
(GOOG) Google began defending its content case in Belgium.
(INTC) Intel is considering closing its 150 employee center in Korea.
(MCK)  McKesson renewed its pharmaceutical distribution pact with Wal-Mart Stores
(MSFT) Microsoft met the EU deadline for filing data on Windows; Business Week called it entering the Age of Upheaval.
(NTST) Netsmart wins $2.5M pact in Iowa Department of Health.
(NYT) New Yorks Times’ offer from Jack Welch to buy the Boston Globe may become formal after it rejected offers to sell the paper.
(ORH) Odyssey Re will have 9 million shares sold by Fairfax (FFH).
(PXSL) Pharmaxis said that the FDA has designated Bronchitol as a fast-track product for cystic fibrosis.
(RTN) Raytheon’s aircraft unit sale may be imminent according to reports.
(SHR) Schering AG won Australian Therapeutic Goods Administration expanded the indication of Betaferon to include patients with a first clinical event suggestive of multiple sclerosis.
(SGMO) Sangamo positive article in Business Week.
(SI) Siemens fell 2 percent on labor union cost 140 million euros.
(SNE) Sony said that it has found defects in 8 digital camera models.
(TM) Toyota Motor may have to build two plants and lift capabilities of existing China factories to meet a 2010 sales target.
(TSEM) Tower Semi raised $11 million more in private placement shares.
(VECO) Veeco’s CEO plans to transition from CEO/Chairman to just Chairman during 2007 and it has begun a succession planand will search for a CEO.
(VRSN) VeriSign confirmed restatements for 2001-2005 over options.
(WMT) Wal-Mart won approval to being offering bank accounts in Mexico.

INTERNATIONAL:
(Japan) Nikkei 225…..15,734.60; Down 179.63 (-1.13%)   
(Hong Kong) Hang Seng..19,260.30; Down 5.02 (-0.03%)
(India) BSE 30………13,703.33; Up 22.50 (+0.16%)
(Germany) DAX……….6,395.52 (6:18AM ET); Down 79.73 (1.23%)   
(France) CAC 40……..5,363.92 (6:33AM ET); Down 60.94 (1.12%)
(England) FTSE 100…..6,084.10 (6:35AM ET); Down 55.90 (0.91%)

Jon C. Ogg
November 24, 2006

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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