Monday, March 12, 2007

Morning News Roundup

Here are some highlights from this morning's news roundup:
  • Medtronic mentioned positively in Follow Up - Barron's
  • Halliburton (HAL) looks to Dubai for Mideast expansion
  • Ford nears sale of Aston Martin
  • Boeing and Alafco sign deal for 787s and next-generation 737s
  • Cynosure profiled in New America section of IBD
  • Trump Entertainment is exploring possible sale
  • Countrywide ends no down-payment lending
  • Yahoo!, AT&T downplay report partnership at risk
  • Amdocs upgraded to Buy from Neutral at Goldman
  • SanDisk upgraded to Buy from Neutral at Oppenheimer
  • Dollar General agrees to be acquired by KKR for $22/share
  • Sierra Health Srvs to be acquired by UNH for $43.50 per share
  • Four Seasons beats by $0.04, ex items
  • MicroStrategy target raised to $155 at Roth
  • Vail Resorts beats by $0.22, revs above consensus
  • TOM Online shares jump on buyout news - FT
  • ESRX won't raise bid for CMX without due diligence

2 Comments:

At 9:27 AM, Blogger Kevin Shuller said...

Not only is HAL looking to Dubai for expansion, they are moving their entire corporate HQ, Lesar, etc there. I don't know if it's just my paranoia acting up again, but this just smells fishy. If memory serves, less than 40% of their revenue comes from the eastern hemisphere.

 
At 9:53 AM, Blogger J. Kahn said...

I think they want to better compete with SLB for lucrative mideast contracts. I think they could have just opened a big office there, but if it saves them money, I don't really mind.

 

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