Thursday, January 04, 2007 

Ski Report & Morning News-Thursday, January 4, 2007

New Snow: Teton Village 6": Targhee "1

PSUN – SAC Capital disclosed a 5.5% stake.

COST – Dec SSS beats. Comps of +9% vs cons +5.7% and BSC +5-7%. Sales increased 14% to $7.24B

AMZN - said Wednesday that it had started a shoe and handbag Web site called Endless.com to tap into the growing footwear and accessories market. NYT

TLF – 50 comparable stores posted a 5% SSS gain for December.

ABD – Matrix raises to buy.

TRB – 11.7% holder, McCormick Foundation has hired Blackstone as its financial adviser.

Nikkei up .74% to 17353.67

Gold spot 629.80
Oil 58.32
Dollar: euro 1.3094 - .0066; yen 119.23 - .43

posted by Anna @7:36 AM | |

Monday, December 04, 2006 

Morning News - Monday, December 4, 2006

STAR – Lone Star Funds bumps from 27.10 to 27.35 a share.

GKIS agrees to $21 a share offer from Pilgrim’s Pride.

PFE halts clinical trial of Torcetrapib due to patient safety. Drug was expected to replace Lipitor which will lose patent protection in 2010.

AGR/LSI – new deal – AGR to get 2.16 shares of LSI.

PPP - Pogo Producing Company (PPP) is getting pressure from Third Point LLC to sell the company in whole or part.

WAG – reports Q1 sales above consensus.

Nikkei down .11% to close at 16303.59

Gold spot 642 – 2.70
Oil 62.09 – 1.33
Dollar: euro 1.3325 + .0002; yen 115.41 + .18

posted by Anna @9:06 AM | |

Thursday, November 30, 2006 

Morning News - Thursday, November 30, 2006

URGI – Nov SSS misses estimates. Nov SSS up +3% vs cons +4.5%. Net sales up +2% to $36M vs $35.2M last year.

DLM – lower 07 guidance, Q2 net sales growth of 12.6% with the acquisitions of new pet products. EPS from continuing operations $.12 a share.

HNZ announced a 3rd qtr net of 59 cents, a penny below consensus on in line revenues of $2.23B.

Nikkei + 1.23% to close at 16274.33

Oil 63.03 + .57
Gold 646 + 10.50
Dollar: euro 1.3255 + .01; yen 115.70 - .54

posted by Anna @8:50 AM | |

Wednesday, November 29, 2006 

Morning News - Wednesday, November 29, 2006

PFE – Will cut U.S. sales force by 20% but plans to maintain support for all in-line products and for new products. Company will present a long-term outlook in Jan-07. Company announced in October that it would conduct a thorough review of every aspect of its operations.

NVS may sell Gerber Products unit, potential buyers include Nestle and Numico in a deal that could be worth $3B, or $4-5B if paired with NVS’s medical nutrition business. WSJ

GKIS reiterates again shareholders shouldn’t tender to PPC @ $20 offer.

DIS on Tuesday raises annual dividend 15% to $0.31 a share. The latest payout marks the 51st consecutive year of dividend increases for Disney. DJ

ANN – downgraded to neutral from buy at UBS. Price target lowered to $38 from $46.

BoJ posts $3.1B profit representing 2.4% growth. (DJ)

Nikkei +1.39%

Gold spot 637.50 + .20
Oil 61.34 + .35
Dollar: euro 1.3168 + .0010; yen 115.97 - .22

posted by Anna @8:10 AM | |

Tuesday, November 28, 2006 

Morning News - Tuesday, November 28, 2006

INTC will invest more than 1 billion in venture capital projects for the first time since 2000. WSJ.

Durable goods declined last month by 8.3 percent, the most since July 2000.

MSFT - Amazon.com’s Top 10 selling list for electronics yesterday, seven of the 10 products were digital media players. Nowhere did the Microsoft or Zune names appear. WSJ.

SPI, Iberdrola deal- Iberdrola offers 400p per share and 0.1646 new Iberdrola shares for each SPI share. The offer is worth 777p in total, a bit lower than some expected. AP

Nikkei down .19%, closed at 15855.26

Gold Spot 639.80 -.80
Oil 60.75 +.43
Dollar: euro 1.3167 + .0046; yen 116.09 - .04

posted by Anna @7:58 AM | |

Monday, November 20, 2006 

Morning News - Monday, November 20, 2006

Delta says it is not seeking a white night - Ed Bastian, Delta’s chief financial officer, told the FT Delta was focused on talks with key creditors and on exit financing, and there were "no plans" to solicit a white knight or strengthen its balance sheet with capital from a stronger carrier such as Air France KLM, its partner in the SkyTeam alliance. US
Airways and its advisers Citigroup hope to meet Delta creditors this week. FT

Newspapers - In an interview in the December issue of Esquire, software entrepreneur and Dallas Mavericks owner Mark Cuban picked newspapers as one flawed business -- "undergoing an identity crisis," "trying to grow like Internet companies in 1999" -- that he'd nonetheless like to get into. Barron’s

PD/FCX – Terms: 1 PD = $88 cash + .67 FCX. $25.9B deal offering a 33% premium that will create the world’s largest copper producer. Cash is 70% of the deal and PD holders will own 38% of the combined company.

Nikkei down 2.3% to close at 15725.94

Gold spot: 626.30 + 3.80
Oil: 62.09 + .31
Dollar: euro 1.2834 + .0010; yen 118.04 + .39

posted by Anna @8:05 AM | |

Tuesday, November 14, 2006 

Morning News, Tuesday, November 14, 2006

HD – EPS 73c vs cons 75c; BSC at 75c. Revenues $23.09B vs cons $23.39B. SSS down -5.1%. Company guides FY06 EPS up 4-5% to implied range of $2.83-$2.86 vs cons $2.95; BSC is at $2.92. Revs up 12% to $91.29B vs cons $92.4B.

TBL is exploring a sale of itself say sources; the firm has started sounding out potential buyers in recent weeks and is active w/private equity firms; TBL has hired Goldman to run the process. WSJ

Nikkei up 1.67%

Gold spot: 328.80 + 3.00
Oil: 58.80 +.22
Dollar: euro 1.2848 +.0044; yen 117.31 -.92

posted by Anna @8:06 AM | |

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