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Verifone (PAY) Company says it will restate results. Down to $23.67 from 52-week high of $50. Bearingpoint (BE) CEO leaves. Big quarterly loss. Falls to $2.65 from 52-week high of $8.56. Blockbuster...
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Citigroup (C) Report of huge lay-offs. Shares trade below $30 for first time in five years. Drops to $29.75 from 52-week high of $57. Countrywide Financial (CFC) Senator asks for probe of borrowing....
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Six Flags (SIX) Still moving down after announcing drop in net income. Falls to $1.98 from 52-week high of $6.80. Avery Dennison (AVY) Company announces new financing. Market takes it badly. Down to...
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According to Reuters, China CITIC Bank is bidding to buy a stake in Bear Stearns (BSC) Reuters reports that the National Retail Federation’s survey of its members shows retail sales are expected to...
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Below are short interest figures for major companies traded on the NYSE as of August 15 compared to July 13, 2007 Largest Short Positions Ford (F) ...
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According to Reuters, China Mobile’s (CHL) net rose 28%. Reuters writes that Amgen (AMGN) will fire 14% of its sales force. Reuters reports that Hasbro (HAS) will increase inspection of products...
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Blockbuster (BBI) bought Movielink, a premium video content download service owned by several Hollywood studios. The price was rumored to be $20 million. The move is almost certainly two years too...
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According to Reuters, BNP Pariba suspending three funds due to sub-prime problems in their portfolios. Reuters writes the net income and sales rose at News Corp (NWS). Reuters reports that Wal-Mar...
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In 1942, economist Joseph Schumpeter came up with the notion of "creative destruction". The term became more popular in the 1970s and 1980s as Wal-Mart (WMT) ran K-Mart out of town and Xerox (XRX)...
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NetFlix (NFLX) will drop its DVD rental fees to match those that Blockbuster (BBI) charges for DVDs sent to customers through the mail. According to The Associated Press "Netflix will charge $16.99...
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Carl Icahn appears to have joined Nelson Peltz as a shareholder in Kraft (KFT). Peltz is going to meet with Kraft management this week to get the company "to focus on its grocery and frozen-foods...
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The day started well enough for the bricks-and-mortar movie rental companies. Blockbuster (BBI) hired a new CEO and its shares jumped 3.5% to $4.46, but still down from over $9 two years ago. Then,...
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Start with this. Blockbuster (BBI) has $2.4 billion in rent due from now until its last current store lease expires. Of its 5,194 stores, 939 were operated through franchisees. Blockbuster only pays...
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Wachovia says that it believes shares in Echostar (DISH) will go higher. Bloomberg writes that Apple (AAPL) sold 500,000 iPhones, more than most estimates. Stifel says that concerns about Q3 numbers...
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According to Reuters, the Apple (AAPL) iPhone will hit stores today giving the mobile industry a jolt. Reuters writes that GM (GM) has sold its Allison Transmission business for $5.6 billion. Reuters...
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