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Durable Goods Orders Drop in November
Filed under: Economic DataThursday morning, the Commerce Department announced that orders for U.S.-made durable goods dropped during November, falling 1.3% for the month. The drop was larger than the...
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AMD and Intel to Introduce Combination Chips
Filed under: Intel (INTC), Advanced Micro Dev (AMD)We may soon see "one of the biggest advances in years in the technology that powers laptop and desktop computers," according to the Wall Street...
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Alimera Sciences Plummets on FDA Decision
Filed under: Bad NewsBiopharmaceutical firm Alimera Sciences (ALIM) is considerably lower Monday (more than 16% at the time of writing) thanks to news that regulators have declined to approve it...
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MannKind's Inhaled Insulin Verdict Delayed by FDA
Filed under: Technical AnalysisPharmaceutical company MannKind (MNKD) shares have traded considerably higher this morning, gaining 9% shortly after the opening bell and trading in the upper $8 region....
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Consumer Confidence Drops in December
Filed under: Economic DataJust as we are hearing that retailers had a great December, we get news from the Conference Board that U.S. consumer confidence dropped to 52.5 in December. Expectations had...
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Jobless Claims Fall to 388,000
Filed under: Before the Bell, Good news, Economic DataThe Labor Department reported Thursday that jobless benefits dropped 34,000 to a seasonally adjusted 388,000 in the past week. Economists expected...
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Macy's to Create 725 Online Jobs
Filed under: Good news, EmployeesCincinnati-based retailer Macy's (M) announced this morning that it will add roughly 725 jobs in New York, San Francicso, and Atlanta over the course of the next two...
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Star Scientific Seeks New FDA Designation
Filed under: Next Big ThingReportedly, Virginia-based tobacco maker Star Scientific (CIGX) is going to ask the Food and Drug Administration (FDA) for approval to sell a new tobacco product as safer...
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Holiday Sales Falling Short of Expectations
Filed under: Target Corp. (TGT), Costco Wholesale (COST)December is not shaping up to have been the retail windfall that many experts predicted, which may be setting up a rather scary situation. Don't...
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Hefner Is Taking Playboy Private
Filed under: Deals, Competitive Strategy, Private EquityMonday morning, the publisher of iconic adult magazine Playboy (PLA) announced that it will take the company private, thanks to a "sweetened...
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DuPont Purchasing Danish Firm Danisco
Filed under: Deals, duPont(E.I.)deNemours (DD)Late yesterday, DuPont (DD) announced that it will purchase Danish food-ingredient producer Danisco for $5.8 billion. The company is making this move in...
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Alaskan Pipeline Shutdown Pushes BP Lower
Filed under: BP p.l.c. ADS (BP)Earlier today, shares of oil behemoth BP plc (BP) slid lower thanks to the shutdown of the Trans-Alaska Pipeline System. The shutdown took place on Saturday, as a leak...
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Sears Same-Store Sales Slump in December, Forecasts Strong Q4 Earnings
Filed under: Forecasts, Sears Holdings (SHLD) Tuesday morning, Sears Holding (SHLD) released a bit of good and a bit of bad news. Let's start with the bad news. The retailer announced that its...
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SuperValu Plummets Thanks to Quarterly Loss
Filed under: Major Movement, Earnings ReportsTuesday morning, SuperValu (SVU) was one of the biggest losers on the Street, with a drop in excess of 12% thanks to its third-quarter earnings report. The...
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Verizon Releases Details on the iPhone Release
Filed under: Apple Inc (AAPL), AT and T (T), Verizon Communications (VZ), TechnologyA couple of days ago, Connie Madon reported here that Verizon (VZ) had finally landed Apple's (APPL) iPhone 4. Today...
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Lower Reserves Lead to Higher Profit for Wells Fargo
Filed under: Earnings Reports, Wells Fargo (WFC)Wednesday morning, banking giant Wells Fargo (WFC) announced that its fourth-quarter profit increased sharply thanks to improving customer payment habits...
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Wendy's/Arby's Group May Sell Arby's
Filed under: Deals, Wendy's Intl (WEN)It appears that Wendy's/Arby's (WEN) is about to have a roast beef sale. The company announced this morning that it is considering selling the struggling Arby's...
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Seagate Technology Earnings Meet Expectations
Filed under: Earnings ReportsAfter the closing bell sounded Wednesday, Seagate Technology (STX) reported its second-quarter results. The tech firm announced that it logged non-GAAP earnings of 33 cents...
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Bank of America Posts $1.24 Billion Loss for Fourth Quarter
Filed under: Earnings Reports, Bank of America (BAC), Technical AnalysisEarly Friday morning, Bank of America (BAC) reported a fourth-quarter loss of 16 cents per share ($1.2 billion). This includes...
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GE Capital Commits $550 Million to Borders
Filed under: DealsReports surfaced Thursday that Borders (BGP) started negotiating with banks for financing to help keep the bookstore chain liquid during bankruptcy proceedings. Later in the evening,...
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