Broader Markets To Open In The Green
Stocks appear set to open higher
Monday.
It’s Bunker Hill Day in the City of
Boston where all offices are closed.
Qwest
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Nacchio has resigned from the Chief Executive Officer position and the Board of
Directors. Q has named Richard Notebaert who is the current CEO of Tellabs
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as the successor for Nacchio.
Dreyer’s Ice Cream
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entered an agreement with Nestle S.A.. The agreement is for DRYR to acquire
Nestle’s ice cream business for 55 million shares.
According to a report in the Wall
Street Journal, Martha Stewart and her broker are in disagreement on the time and
sales of Stewart’s Imclone
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to sell shares of IMCL in mid-December, while Stewart claims that it was in late
November.
Three Five Systems
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TFS |
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expects revenues for the June quarter to be at the high end of previous
guidance.
Aquila
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ILA |
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outlook to come in the range of $1.30 – $1.40. Analysts’ consensus is for $2.00
according to Multex. The company is planning to cut its annual dividend by 58%
to 70 cents a share.
Goldman Sachs downgraded Research In
Motion
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RIMM is at risk of not meeting current expectations for FY03.
Deutsche Bank upgraded Digital Insight
(
DGIN |
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condition.
Bear Stearns upgraded DuPont
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DD |
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from Neutral to Attractive, citing a low valuation and solid prospects.
JP Morgan upgraded Expeditors
International
(
EXPD |
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PowerRating) from Long Term Buy to Buy and raised its price target
from $60 to $70.
Atlas Air
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CGO |
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JP Morgan from Market Perform to Market Underperform, citing poor earnings and
limited cash flow visibility.
Morgan Stanley upgraded Marsh &
McLennan
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share prices is overdone.
Computer Tech
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CMNT |
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downgraded by Bear Stearns from Buy to Attractive based on continued softness in
enterprise IT spending.