Daily Archives: 2008/12/12

Students win big with stock market (News 14 Carolina)

2008/12/12
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CAMERON, N.C. ? Three students in Moore County are outperforming professional stock brokers when it comes to making stock picks. More: continued here

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GM Hires Bankruptcy Advisers: Report (TheStreet.com)

2008/12/12
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The Wall Street Journal, citing people who had knowledge of the situation, said GM has retained Harvey Miller of the law firm Weil Gotshal & Manges in New York. More: continued here

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Alcatel-Lucent Cuts 1,000 Managers (TheStreet.com)

2008/12/12
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The telecommunications company expects to reduce its managers by about 1,000 and contractors by about 5,000 as it shifts investments towards next-generation platforms. More: continued here

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Nortel Edges Closer to Delisting (TheStreet.com)

2008/12/12
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Sagging shares have prompted the NYSE to issue an ultimatum. More: continued here

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Five Dumbest Things on Wall Street: Dec. 12 (TheStreet.com)

2008/12/12
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Uncle Mel’s Missing Channels; Thain’s Brain Freeze; GMAC’s Simple Plan; Moody’s Lehman Post Mortem; Money for Nothing. More: continued here

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Bristol-Myers, Exelixis in Drug Pact: Report (TheStreet.com)

2008/12/12
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Bristol-Myers will pay at least $240 million to biotechnology company Exelixis to develop two experimental cancer drugs, a report says. More: continued here

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Video Game Sales Soared in November (TheStreet.com)

2008/12/12
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American consumers bought about $3 billion worth of video games in November, according to data from NPD Group. More: continued here

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Zacks Releases Four Powerful ”Buy” Stocks: Cyberonics, Inc., Monsanto Co., Archer Daniels Midland Co. and Avocent … (Business Wire via Yahoo! Finance)

2008/12/12
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CHICAGO—-Four free stock picks are being made available today on Zacks.com. The industry?s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value. More: continued here

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Asian Stocks Finish With Losses (TheStreet.com)

2008/12/12
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The failure of a rescue plan for U.S. automakers leads to losses across the region. More: continued here

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