When Lehman Brothers raised $4 billion last week, its shares jumped. Not so for Washington Mutual, whose shareholders are understandably frustrated with the firm’s deal — and management.In the process of securing a
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From Silicon Alley Insider, April 9, 2008:We’d been wondering when stock pundit Jim Cramer would end his contract deathmatch with TheStreet. Good news, Cramerica! Jim’s sticking around with the company he founded for another three years.
According to a T
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When UPS issued a profit warning late Tuesday it confirmed the weakness emanating from Alcoa, AMD, and Novellus. Combined with the Fed minutes’ warning about the possibility of a “severe and protracted downturn,” it’s no wonder the stock market
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Circuit City sales fell 7.7% but cost-cutting helped the retailer post a small profit. The electronics chain faced pricing pressure “across many product categories” but said internal trends were starting to improve.
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Amid higher claims costs, Progressive posted a 34% plunge in net income in its first quarter, beginning what is expected to be a tough year for the auto-insurance industry.
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Shaw Group swung to a quarterly profit, as global demand for fossil and nuclear fuels boosted margins and revenue at the engineering and construction firm.
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Yahoo’s board is probably damning Legg Mason’s Bill Miller with faint praise today.Miller, whose firm is Yahoo’s second-largest shareholder, told The Wall Street Journal “Microsoft blundered with the letter this weekend” by threatening to go hos
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Biotech investors bet on life-altering medical breakthroughs, but many (whether they admit it or not) are also looking for companies that have the potential to be swallowed up by big pharma. Thankfully, such companies are not mutually exclusive, but the M
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