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Company News for August 27, 2010 - Corporate Summary
Friday, August 27, 2010 - 6:33pm | 631• Toyota (NYSE: TM) announce recalls of over 1 million Corolla and Corolla Max vehicles due to engine problems • H-P (NYSE: HPQ) sweetened its 3Par (NYSE: PAR) bid, which was followed this morning with Dell's (NASDAQ: DELL) matching the $27 per share bid • Tiffany (NYSE: TIF) posted second-quarter...
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Paul Allen Sues Apple, Among Others. Say What?!!! (AAPL, GOOG)
Friday, August 27, 2010 - 4:05pm | 363Interval Licensing, co-founded by Paul Allen who is also the co-founder of Microsoft (NASDAQ: MSFT), is suing Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG) Facebook, and others. Interval claims the companies infringed on 4 internet search patents currently held by Interval, Reuters writes. Interval...
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Bond Yields & Market Correlation Intact 08-27-2010
Friday, August 27, 2010 - 3:28pm | 908Cusick’s Corner As I noted yesterday in the Corner, that close looked like a nice short squeeze while today’s equity move to the upside comes on some earnings warnings and continued concerns about the pace of economic growth. The volume for the longs has been unusually strong at this point and...
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Netflix App for Apple's Device - Analyst Blog
Friday, August 27, 2010 - 1:36pm | 1232A leading provider of online movie rental and Web video subscription services, Netflix Inc. (NFLX) announced the release of its application to Apple Inc.’s (AAPL) iPod and iPhone Touch handheld devices. The application will allow streaming of movies and TV shows via both Wi-Fi and 3G networks for...
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Tiffany Drops On Cautious Q3 Guidance
Friday, August 27, 2010 - 12:43pm | 77Shares of Tiffany & Co (NYSE: TIF) fell after the company issued cautious projections for the third quarter. TIF’s shares fell 4.09% to $40.32 at 12:34 pm. The company posted better-than-expected Q2 earnings, but its revenue failed to meet the expectations. Tiffany’s shares have gained 0.74%...
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J.Crew, Tiffany Lead Retail Lower (JCG, TIF)
Friday, August 27, 2010 - 11:00am | 152Retail stocks are lower today after disappointing outlooks from both J. Crew (NYSE: JCG) and Tiffany & Co. (NYSE: TIF). Tiffany reported revenues for its second quarter that missed expectations, citing weaker demand for lower-priced jewelry. The company did raise its full-year profit outlook by...
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News Summary (INTC, TIF, JCG, BEBE, AMR, DAL, CAL, ALK, LUV)
Friday, August 27, 2010 - 10:56am | 235Intel Corp (NASDAQ: INTC) has lowered its revenue projections for the third quarter to reflect the weaker-than-expected demand for consumer PCs "in mature markets." The company is now expecting the sales of $11 billion, plus or minus $200 million, down from the earlier range of $11.2 billion and $...
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Tiffany Shines, Ups Outlook - Analyst Blog
Friday, August 27, 2010 - 9:03am | 555Tiffany & Company (TIF) has posted stronger-than-expected second-quarter 2010 results buoyed by improved demand for luxury items worldwide. The quarterly earnings of 55 cents a share surpassed the Zacks Consensus Estimate of 53 cents, and rose 41% from 39 cents earned in the prior-year quarter...
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Zacks Analyst Blog Highlights: The Hain Celestial Group, Monster Worldwide, Yahoo!, Tiffany & Company and Diageo Plc. - Press Releases
Friday, August 27, 2010 - 8:03am | 1838For Immediate Release Chicago, IL – August 27, 2010 – Zacks.com Analyst Blog features: The Hain Celestial Group Inc. (HAIN), Monster Worldwide, Inc. (MWW), Yahoo! Inc. (YHOO), Tiffany & Company (TIF) and Diageo Plc. (DEO ). Here are highlights from Thursday’s Analyst Blog: Hain Celestial...
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Piper Jaffray Reiterates Neutral On Staples (SPLS)
Friday, August 27, 2010 - 7:29am | 146Piper Jaffray is reiterating its Neutral rating and $22 price target on Staples Inc. (NASDAQ: SPLS) after the office supply chain reported earnings recently. The company also visited with senior management. In a note to clients, Piper Jaffray writes, "We are reiterating our Neutral rating and $22...
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Stocks To Watch For August 27 (HPQ, PAR, DELL, TIF, NOVL, JCG)
Friday, August 27, 2010 - 6:49am | 318Some of the stocks that may grab the investor focus today are: Hewlett-Packard (NYSE: HPQ) has raised its bid for 3Par (NYSE: PAR) to $27 per share from its earlier unsolicited offer of $24 per share. Yesterday, 3Par said that it has reached a new deal with Dell (NASDAQ: DELL) for $24.30 per share...
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ETFs To Watch August 27, 2010 (EWU, BZQ, TBT, XLY)
Friday, August 27, 2010 - 5:26am | 219Here is the ETF Profesor's ETF Watch List for Friday August 27, 2010. The Nasdaq continues to look ugly, so put the ProShares UltraShort QQQ (NYSE: QID) on your list. Make the SPDR Gold Shares (NYSE: GLD) and the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) your GDP plays. Speaking of GDP...
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Signet Jewlers Upgraded At Sidoti (SIG)
Thursday, August 26, 2010 - 2:24pm | 87Signet Jewelers (NYSE: SIG) has been upgraded from Neutral to Buy at Sidoti & Company. SIG reported strong second quarter earnings today. During the current trading session, the stock has gained almost 4% to $28.50. SIG has a market cap of $2.44 billion. Signet Jewelers Limited (Signet),...
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Wells Fargo Raised Estimates On Jo Ann Stores After Strong Earnings (JAS)
Thursday, August 26, 2010 - 2:07pm | 158Wells Fargo Securities is raising its earnings estimates on shares of Jo-Ann Stores, Inc. (NYSE: JAS) after the retailer reported much better than expected earnings. It rates 1/V and has a $49-$52 price target on shares. In a note to clients, Wells Fargo writes, "We believe Jo-Ann continues to...
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JAS Shares Rise Following Upward Revision In Guidance
Thursday, August 26, 2010 - 1:31pm | 94Jo-Ann Stores (NYSE: JAS) announced its second-quarter EPS (earnings per share) at $0.20, ahead of analyst expectations. The company’s revenues grew 4.7% YoY to $439.3 million. Same-store sales rose 4.4%. JAS raised its earnings per share guidance for fiscal year 2011 to $3.20 to $3.35, as...