Archive for December 12th, 2008

Students win big with stock market (News 14 Carolina)

Friday, December 12th, 2008

CAMERON, N.C. ? Three students in Moore County are outperforming professional stock brokers when it comes to making stock picks.
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GM Hires Bankruptcy Advisers: Report (TheStreet.com)

Friday, December 12th, 2008

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

Friday, December 12th, 2008

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.
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Nortel Edges Closer to Delisting (TheStreet.com)

Friday, December 12th, 2008

Sagging shares have prompted the NYSE to issue an ultimatum.
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Five Dumbest Things on Wall Street: Dec. 12 (TheStreet.com)

Friday, December 12th, 2008

Uncle Mel’s Missing Channels; Thain’s Brain Freeze; GMAC’s Simple Plan; Moody’s Lehman Post Mortem; Money for Nothing.
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Bristol-Myers, Exelixis in Drug Pact: Report (TheStreet.com)

Friday, December 12th, 2008

Bristol-Myers will pay at least $240 million to biotechnology company Exelixis to develop two experimental cancer drugs, a report says.
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Video Game Sales Soared in November (TheStreet.com)

Friday, December 12th, 2008

American consumers bought about $3 billion worth of video games in November, according to data from NPD Group.
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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)

Friday, December 12th, 2008

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.
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Asian Stocks Finish With Losses (TheStreet.com)

Friday, December 12th, 2008

The failure of a rescue plan for U.S. automakers leads to losses across the region.
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