Pre-market Stock News (November 7, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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  • 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

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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