Bears Run Wild Through Wall Street
Stocks ended a disappointing week on a sour note, with
investors rushing for the exit following the release of the
Employment Report. The Labor Department reported that August
Non-Farm Payrolls fell for the first time in four years, showing a
net loss of 4000 jobs versus the consensus estimate for a gain of
110,000.
IndyMac Bancorp
(
IMB |
Quote |
Chart |
News |
PowerRating) released a statement on its
current performance (read
more).
Piedmont Natural Gas
(
PNY |
Quote |
Chart |
News |
PowerRating) reported its Q3 loss
narrowed, despite lower revenues. The company backed FY07 EPS view
and declared a dividend (full
story).
In deal news, Aldabra
(
ALL |
Quote |
Chart |
News |
PowerRating) announced plans to
acquire Boise Cascade’s combined paper businesses for $1.63
billion in cash and stock (read
more).
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