Report: FCC OKs DirecTV, Liberty Deal
Los Angeles Business Journal - The Federal Communications Commission gave the green light to a transaction in which News Corp. will hand over controlling interest in DirecTV Group Inc. to Liberty Media Corp., paving the way for the deal to close as early as today, the Wall Street
Ensco 4Q Profit Jumps, Tops Forecasts
Forbes - Drilling contractor Ensco International Inc. said Tuesday its fourth-quarter profit rose 13 percent, beating Wall Street forecasts, as higher average daily rates offset lower usage of the company’s offshore oil rigs. Net income for the three months
Caliper Life Sciences’ 2008 revenue outlook falls short of Wall Street
CNBC - HOPKINTON, Mass. - Caliper Life Sciences Inc., which makes software used for drug development, set 2008 revenue guidance below Wall Street expectations Tuesday. The company anticipates first-quarter revenue to range from $26.5 million to $29.5 million
K-Swiss Shares Hit by Earnings, Guidance
Los Angeles Business Journal - Sales beat Wall Street’s estimates of $77 million. The bad news got worse as the company added that it expects earnings of about 18 cents to 28 cents a share on revenue of $95 million to $105 million for the first quarter – well short of analysts
Wall Street Lifts on IBM Stock Buyback
Chicago Tribune - NEW YORK - Wall Street reversed earlier losses and rallied Tuesday after IBM approved a $15 billion stock buyback, suggesting to investors that there are still some companies out there with financial muscle. The Dow Jones industrial average rose more
Chamber of Commerce events are scheduled for the following days:
Columbia Daily Tribune - Wall Street surges on insurer ratings NEW YORK (AP) - Wall Street bolted higher yesterday after Standard & Poor’s affirmed its ratings for Ambac Financial Group Inc. and MBIA Inc., raising hopes that troubled bond insurers will emerge from the
The Magic’s Back
Smart Money - WALL STREET CLEARLY is in a grumpy mood when it penalizes a company for owning the Happiest Place on Earth. The markets inflicted this rude treatment on shares of Walt Disney ( DIS ) in current months, as analysts and investors began running
Tokyo Sits Out Asia’s Rally
Street.Com - Markets in Asia were broadly higher Tuesday, as investors bought back some beaten down shares after a rally overnight on Wall Street and awaited Hong Kong’s budget for the next year. The Hang Seng led the advance, rising 445 points, or 1.9%, to 23
ALL BUSINESS: A tale of two real estates
Seattle Post Intelligencer - NEW YORK — Some on Wall Street are betting that commercial real estate will turn out to be the “next subprime” mortgage mess. Not necessarily. Sure, tightening credit and a slowing economy are leading retailers to close stores. Yes, architects are
Stratasys Q4 Net Income Rises; Guides FY08 - Update
Stockhouse Canada - Wall Street analysts expected the company to post revenues of $30.07 million for the quarter. During the fourth quarter, gross profit increased to $15.91 million from $15.01 million in the year ago quarter.
Vehicle Makers Offer Incentives on Hot Models
The Auto Chanel - The Wall Street Journal reportd that an inventory glut means buyers can drive away in popular models for surprisingly low prices. Most of the offers are coming from the Massive Three U.S. auto makers.
Sales slowdown drags on Target 4Q profit
BusinessWeek - Target said fourth-quarter profits slipped on poor holiday sales and a quirk in the earnings calendar, but results were slightly superior than Wall Street had expected amid a dismal period for retailers. The discount-store operator said Tuesday that
Dish Network sees 4th-quarter profit climb
WOKR 13 - Wall Street predicted net income of 45 cents per share on sales of $2.86 billion, according to Thomson Financial. Dish states it added about 85,000 net new subscribers in the quarter.
Earnings roundup: CBS, Inspire Pharma
CNBC - DURHAM, N.C. (AP) — Inspire Pharmaceuticals Inc. reported a smaller-than-expected loss for the fourth quarter on Tuesday, and said 2008 revenue may top Wall Street forecasts, sending shares higher in afternoon trading.
Inspire Pharma Up on 4Q Report, Outlook
Forbes - Inspire Pharmaceuticals Inc. reported a smaller-than-expected loss for the fourth quarter on Tuesday, and said 2008 revenue might top Wall Street forecasts, sending shares higher in afternoon trading. Losses grew to $18.1 million, or 51 cents per share
Dish Network 4Q disappoints as subscriber growth slows, economy
CNBC - Wall Street, on average, had expected 45 cents per share, on revenue of $2.86 billion, according to analysts surveyed by Thomson Financial. Shares of the Englewood, Colo.-based company fell more than 4 percent in afternoon trading.
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