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
posted by J. Kahn @ 7:48 AM
2 comments
2 Comments:
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.
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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