Archive for March 5th, 2008

Real Estate/Credit Deflation 14: Anatomy of a Murder
Safe Haven - The result was the biggest global investment mania of all-time, as Wall Street’s NASDAQ index soared from 1419.12 in October of 1998 to 5048.62 in just 17 months’ time and taxi drivers, bartenders and ditsy blondes were going “all-in

Hot Topic Total Sales Increase in Feb.
Los Angeles Business Journal - Shares in Hot Topic Inc. gained 5 percent in after-market trading Wednesday after the retail chain announced February store sales declined 2.3 percent, which was a significantly lower dip than analysts expected. Wall Street had expected the

Pearl speaks about memoir, life of husband
Dawgnet - Daniel Pearl was “The Wall Street Journal” reporter (Middle-Eastern correspondent) who was kidnapped and brutally murdered in 2002 by a militant Islamic fundamentalist group in Pakistan.

Philippine shares higher in early trade on Wall Street lead
Forbes - MANILA (Thomson Financial) - Philippine shares were higher in opening deals Thursday on bargain hunting, tracking modest gains on Wall Street. At 9.36 am (0136 GMT), Manila’s composite index rose 18.30 points or 0.6 percent to 3,111.55. The broader

KB Goes Green to Gain Sales Edge
Los Angeles Business Journal - More builders are adding “green” features to their new homes. It is a strategy born out of necessity, the Wall Street Journal rerpots. In October, the Trilogy division of Shea Homes rolled out a program dubbed Shea Superiology for its 1,500 to 2,000

Government: U.S. needs foreign cash
CNN Money - Congress is examining these controversial investments after foreign funds pumped more than $40 billion into Wall Street firms in recent months.

Costco 2Q profit rises 31 pct
Associated Press - Galanti stated the company expects it can meet Wall Street’s third-quarter earnings estimate of 65 cents per share and $2.99 for the full year. Sales at stores open at least a year, a key measure of a retailer’s health, rose 7 percent companywide in the

Philippine shares outlook - Slightly higher on Wall Street lead
CNBC - MANILA (Thomson Financial) - Philippine shares may open slightly higher Thursday, tracking modest gains on Wall Street, even though volumes may remain thin amid persistent worries about the US economy. The Dow industrials shut off the session’s highs

Corzine: Atlantic City casino financing looks OK
Courier News - I had a pretty high-risk focused job.” Was he gambling on Wall Street? “I wouldn’t call it gambling,” he said. “We made probability judgments about the viability of assets.

Talk of bid for Liberty underpins property
Times Online - New York: Shares on Wall Street managed a moderate gain in an erratic session as investors sorted through a downbeat Federal Reserve assessment of the economy and were also disappointed by a plan to bail out Ambac, the troubled bond insurer.

BSG Alliance Acquires Iconixx Corporation AUSTIN — BSG Alliance, the
dBusinessNews.com - A January 15, 2008 Wall Street Journal article (”Demand Rises for Talent Management Software”) identifies one of many issues that shine a spotlight on the looming talent crisis: a labor shortage in industries across the board caused by the aging of

Hong Kong shares higher on upbeat earnings, Wall Street’s gains
Forbes - HONG KONG (Thomson Financial) - Hong Kong shares were higher in early tradeThursday as investors took their cue from Wall Street’s moderate rise overnight and upbeat company earnings. ‘The earnings provided some surprise and helped the market move

Lenox Group Turns To Profit In Q4 - Quick Facts [LNX]
RTT News - Seven Wall Street analysts estimated revenues of $16.20 million for the first quarter. Total costs and expenses for the quarter rose to $34.15 million from $26.59 million in the previous year quarter.

Stocks jump on data, commodities; Thornburg sinks
CNBC - Beige Book How Wall Street Views the Presidential Candidates Costco,  BJ’s Profits Rise on Strong February Sales ECB, BoE to Hold on NEW YORK - U.S. stocks rose on Wednesday as evidence the services sector might not be as weak as feared allayed

US Senators want tighter bank standards to check losses
Economic Times - Wall Street has been increasingly concerned about the rising estimate of damage from the mortgage market mess, with the most pessimistic forecasts putting total losses as high as $600 billion (e394.58 billion)

Outlook roundup: Exxon Mobil, Coldwater
CNBC - SANDPOINT, Idaho (AP) _ Apparel retailer Coldwater Creek Inc. stated Wednesday it expects to report a far wider loss in its first quarter than Wall Street analysts expect.

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BJ’s Wholesale profit rises sharply, beats Wall Street forecast
Pittsburgh Post-Gazette - NATICK, Mass. — BJ’s Wholesale said its fourth-quarter profit increased fourfold, beating Wall Street expectations, as the warehouse club benefited from a retail environment that’s benefiting discount stores. BJ’s Wholesale Club Inc. reported this day

Exxon Mobil details investment plans
Forbes - Our financial strength and technical expertise allows us to pursue all opportunities that satisfy our disciplined investment criteria,’ chairman and chief executive Rex Tillerson stated during a presentation to Wall Street analysts in New York.

Stocks rise in morning trade
CNN Money - Wall Street is upbeat as better-than-expected services sector index overshadows weak readings on factory orders and private sector employment.

Midday Leaders & Laggards: S&P 500
Forbes - Shares of Massive Lots Inc. rose Wednesday, helping send the Standard & Poor’s 500 Index higher in midday trading, after the discount retailer’s fourth-quarter profit declined but still beat Wall Street expectations. Large Lots rose $3.82, or 22 percent

KB Goes Green to Gain Sales Edge
Los Angeles Business Journal - More builders are adding “green” features to their new homes. It is a strategy born out of necessity, the Wall Street Journal rerpots. In October, the Trilogy division of Shea Homes rolled out a program dubbed Shea Superiology for its 1,500 to 2,000

Earnings roundup: HSBC, Hughes Comm
Boston Globe - WEST BEND, Wis. (AP) — Construction and agricultural equipment maker Gehl Co. stated Monday its fourth-quarter earnings slipped 4 percent, but beat Wall Street’s expectations, as a weak North American construction market and lower capital investments

Yahoo works to delay Microsoft proxy battle
MacNN - Citing anonymous sources, the Wall Street Journal claims that Yahoo is stepping up efforts at a deal with AOL , which would effectively block a Microsoft acquisition entirely.

Yahoo, Time Warner step up combination talks: report
Reuters UK - and media conglomerate Time Warner Inc (TWX.N: Quote , Profile , Research ) have stepped up speaks to create an substitute to Microsoft Corp’s (MSFT.O: Quote , Profile , Research ) offer to take over the Web company, the Wall Street Journal reported on

German shares close higher, tracking Wall Street, MAN leads gainers
CNN Money - (Updates with full report) FRANKFURT, Mar. 5, 2008 (Thomson Financial delivered by Newstex) — Shares shut up, as a higher Wall Street opening helped solidify gains, and with MAN leading gainers as it announced a more than 50 pct dividend increase

US services data, bid talk help FTSE gain 1.5 pct
Reuters - Wall Street has been generally impressed with the economic data as this is heaping on the pressure for the Fed to effect another rate cut later in the month which will further boost the popularity of stocks,” said Jimmy Yates, a trader at CMC Markets

The man who must keep Goldman growing
CNN Money - He was paid $68.7 million in 2007 - record for a Wall Street chief - and recently purchased a $26.5 million apartment at 15 Central Park West, the Robert A.M.

US service sector shrank in February
CNN Money - That’s higher than January’s reading of 44.6, when the survey surprised Wall Street by falling to its lowest level in more than six years, and above the 47.5 reading expected by economists surveyed by Thomson Financial/IFR. The data helped comfort

Paris shares close up on bargain-hunting after five days of losses
CNN Money - at 5,509.57 and the SBF-120 ended 61.66 or 1.82 pct higher at 3,450.74. The euro was quoted at 1.5294 usd compared to 1.5221 usd late yesterday after passing through the level of 1.53 usd for the first time during the afternoon. In the US, Wall Street

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