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The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division of GMAC said it would let 5,000 people go. According to MSNBC,...
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To hear it from CNBC, you would have thought the world had come to an end for Netflix (NFLX). "It started this morning with an email apology from online movie rental powerhouse...
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Carl Icahn has evolved over the years, first rising to fame a "corporate raider", followed by an ill-fated journey into actual management at the helm of TWA and, most recently, as a kinder, gentler...
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In an editorial in The Wall Street Journal, UCLA law professor Lynn A. Stout argues that activist investors like Carl Icahn "rob average investors of better returns." She writes that "They push for...
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It is now no secret that we are in a very weak economic environment and if it is not an official recession it is for about 80% of the country. We’ve already seen some retailers collapse entirely...
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Consider the following: Since 2006, shares of Circuit City have fallen from $30 per share to $2.22. In FY 2006, the company earned $140 million. In FY 2008, Circuit City lost $320 million. The...
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Carl Icahn often makes money in his corporate takeover attempts, but he is as flawed as a raider can be. His recent investments in Motorola (MOT) and Blockbuster (BBI) have done remarkably poorly....
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Blockbuster Inc. (NYSE: BBI) is seeing a surge in early trading ahead of a long weekend. The company realized that the buyout interest of wanting to own Circuit City Stores Inc. (NYSE: CC) was...
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According to Reuters, US car sales hit a 15 year low. Reuters writes that Paulson said the US is facing a tough Q2. Reuters reports that Starbucks (SBUX) will close 600 stores and cut 12,000 people....
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According to Reuters, the Fed is seen as holding rates on fears of inflation. Reuters writes that the CEO of Nissan is bracing for the worst in the US. Reuters writes that Hilton will add 300 hotels...
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Kirk Kerkorian may be able to join Carl Icahn as a billionaire who has taken a lot of mad gambles recently. According to Reuters, "Kerkorian’s investment vehicle Tracinda Corp said it would...
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According to Reuters, merger talks between United (UAUA) and US Air (LCC) has slowed. Retuers writes that NetFlix (NFLX) and Blockbuster (BBI) held competing analysts meetings on the same day....
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These aren’t the only analyst calls this Monday morning, but these are the ones we are focusing on early this morning: Akamai Tech (NASDAQ: AKAM) Cut to Hold from Buy at Citigroup. American Eagle...
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Blockbuster Inc. (NYSE: BBI) managed to beat earnings expectations this morning. The company posted $0.20 EPS on a 5.4% revenue decrease to $1.39 Billion. First Call had estimates at $0.15 EPS on...
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CNBC is saying that Carl Icahn may start a proxy fight for control of Yahoo! (YHOO). It will never happen. Microsoft (MSFT) has made it clear that it does not want Yahoo!. At this point the bad blood...
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