Pre-Market Stock News (August 20, 2007)

By Douglas A. McIntyre Published Aug 20, 7:03AM EDT

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(AXP) American Express is selling its private banking unit.
(CFC) Countrywide is laying off loan originators and support staff as applications are down and to cut costs.
(CHINA) CDC Corp. announced a $225 million share stock offering.
(CLWR) Clearwire has insiders from debt conversion selling $369 million in stock.
(CRYP) Cryptologic gets a pact from World Poker Tour.
(EMC) EMC could be worth 20% more in a year according to Barron’s.
(GOOG) Google took a stake in Chinese community Web site Tianya.cn for social networking.
(KFN) KR Financial has shareholders selling 16 million shares; and will have a public rights offering up to $270 million; principals of Kohlberg Kravis Roberts will purchase up to approximately $100 million of common shares at $14.40 if not fully subscribed.
(KNSY) Kensey Nash $0.11 EPS vs $0.15 est.
(LLNW) Limelight Networks announced that MyVideo.de video delivery service in Germany has selected Limelight as its exclusive provider of CDN services.
(LOW) Lowe’s trading up 4% after $0.67 EPS vs. $0.61 estimates; same store sales fell 2.6% for the quarter.
(LYV) Live Nation may win Madonna from Warner Music in a $100 million deal.
(MHP) McGraw Hill down on JPMorgan downgrade.
(NDAQ) NASDAQ is reviewing alternatives to divest its stake in London Stock Exchange; says $1 Billion will be used to retire debt and buyback stock.

Jon C. Ogg
August 20, 2007

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.