Bulletin
Investor Alert

Movers & Shakers Archives | Email alerts

June 23, 2008, 5:40 p.m. EDT

Allied Waste, Corn Products, Digimarc, Expro, LTX

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    CME Group Inc. Cl A (CME)
  • X
    Comtech Telecommunications Corp. (CMTL)

or Cancel Already have a watchlist? Log In

By MarketWatch

1 2

Pacific Crest Securities analyst Andy Hargreaves on Monday raised his price target on Apple Inc.'s /zigman2/quotes/202934861/composite AAPL -1.27% stock to $235 a share from $225, saying that Apple could see increased iPhone sales due to "elasticity" around the mobile phone's price point. Apple will begin selling the new version of the iPhone starting at $199 and $299 on July 11, and Hargreaves estimates Apple will receive an initial $350 subsidy for each iPhone from its wireless carrier partners.

Citi /zigman2/quotes/207741460/composite C +1.90% plans to dismiss as much as 10% of its investment-banking division, with the first round of cuts to come as early as Monday, The Wall Street Journal reported. And the Financial Times reported that investment bankers generally are preparing themselves for an acceleration in job cuts after Goldman Sachs /zigman2/quotes/209237603/composite GS +3.23% made further cuts at its investment banking division, despite being the best performer in the sector. See full story.

Emerson /zigman2/quotes/200181610/composite EMR +2.68% said in a Securities and Exchange Commission filing that orders for the three months ended in May rose 10% on an underlying basis, compared with the 10% to 15% range in April. Favorable currency exchange rates contributed about five percentage points to the growth, it said. Process automation, industrial automation and network power were the areas that saw slowing growth. In process automation, the slowing growth came on fluctuations in the timing of project bookings, it noted.

Expro International Group /zigman2/quotes/205418735/delayed UK:EXR +6.38% said Monday that it rejected a last-minute takeover offer from Halliburton Co. /zigman2/quotes/210488727/composite HAL +4.12% because the small premium over its agreed private equity deal wasn't enough to balance the delay in shareholders receiving their money. Halliburton proposed a bid of 1,625 pence a share, or 1.82 billion pounds ($3.59 billion), on Friday, but then withdrew its interest after Expro declined to extend a deadline of midnight Friday.

General Motors Corp. /zigman2/quotes/205226835/composite GM +1.56% will extend summer shutdowns at at least six plants, according to media reports Monday, pressuring the automaker's shares. Shares of GM fell 6.3% to $12.92 in afternoon trading. GM said it will extend a previously announced two-week shutdown at six of its plants by one week, according to reports.

Huntsman Corp. /zigman2/quotes/202684633/composite HUN +2.61% on Monday filed suit against Apollo Management, seeking $3 billion in damages after the private-equity giant moved to derail its buyout offer of the chemicals company. See full story.

Logitech: /zigman2/quotes/204321690/composite LOGI +3.47% Goldman Sachs on Monday cut its rating on the U.S.-Swiss computer-peripherals maker to sell from neutral, saying the company's guidance continues to be at risk and that recent checks suggest a material slowdown of computer-peripheral categories, especially among European retailers.

MBIA /zigman2/quotes/205815173/composite MBI +2.78% estimated that it may need $2.9 billion to meet potential termination payments under guaranteed investment contracts after Moody's downgraded MBIA Insurance Corp. to A2 from Aaa late Thursday. MBIA also expects it will be required to post about $4.5 billion in eligible collateral to satisfy potential collateral-posting requirements under contracts.

Mining: Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +1.52% and BHP Billiton /zigman2/quotes/208108397/composite BHP +3.36% /zigman2/quotes/201448516/delayed AU:BHP +0.13% have asked their Chinese-steelmaker customers to accept the largest ever increase in iron-ore prices or take the risk that their supplies from Australia will be interrupted, the Financial Times reported.

Motorola Inc. fell as much as 7% in Monday trades after the brokerage Piper downgraded the stock, saying the maker of wireless phones is losing market share in the U.S. Motorola [was the top decliner as most industry stocks tacked lower. Nortel Networks Corp. dropped more than 2.5% and Sprint Nextel Corp. /zigman2/quotes/208685669/composite S +2.99% slid 1%. On the upside, Verizon Communications Inc. /zigman2/quotes/204980236/composite VZ +1.29% and AT&T Inc. /zigman2/quotes/203165245/composite T +0.64% rose slightly.

Sonus Networks Inc. and its largest holder, a Dubai investment firm, are in talks to address a number of disputes, among them the company's concern about the investor's ownership structure. See full story.

Walgreen Co.'s third-quarter profit rose 2%, helped by higher sales of generic prescription drugs as well as tight control over expenses, financial results for the No. 1 drugstore chain showed Monday. See full story.

/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 149.84
-1.92 -1.27%
Volume: 146.61M
Sept. 28, 2022 4:00p
P/E Ratio
24.76
Dividend Yield
0.61%
Market Cap
$2438.90 billion
Rev. per Employee
$2.52M
loading...
/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 43.40
+0.81 +1.90%
Volume: 19.82M
Sept. 28, 2022 4:03p
P/E Ratio
5.55
Dividend Yield
4.70%
Market Cap
$82.71 billion
Rev. per Employee
$374,297
loading...
/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 300.79
+9.41 +3.23%
Volume: 2.29M
Sept. 28, 2022 4:00p
P/E Ratio
6.80
Dividend Yield
3.32%
Market Cap
$100.07 billion
Rev. per Employee
$1.24M
loading...
/zigman2/quotes/200181610/composite
US : U.S.: NYSE
$ 75.02
+1.96 +2.68%
Volume: 3.85M
Sept. 28, 2022 4:04p
P/E Ratio
14.19
Dividend Yield
2.75%
Market Cap
$43.20 billion
Rev. per Employee
$221,626
loading...
/zigman2/quotes/205418735/delayed
UK : U.K.: London
£ 12.50
+0.75 +6.38%
Volume: 223,331
Sept. 28, 2022 4:35p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
£34.13 million
Rev. per Employee
N/A
loading...
/zigman2/quotes/210488727/composite
US : U.S.: NYSE
$ 24.74
+0.98 +4.12%
Volume: 11.71M
Sept. 28, 2022 4:00p
P/E Ratio
15.51
Dividend Yield
1.94%
Market Cap
$21.55 billion
Rev. per Employee
$437,375
loading...
/zigman2/quotes/205226835/composite
US : U.S.: NYSE
$ 35.25
+0.54 +1.56%
Volume: 12.05M
Sept. 28, 2022 4:00p
P/E Ratio
6.70
Dividend Yield
1.02%
Market Cap
$50.61 billion
Rev. per Employee
$841,408
loading...
/zigman2/quotes/202684633/composite
US : U.S.: NYSE
$ 24.75
+0.63 +2.61%
Volume: 2.64M
Sept. 28, 2022 4:00p
P/E Ratio
4.26
Dividend Yield
3.43%
Market Cap
$4.86 billion
Rev. per Employee
$1.04M
loading...
/zigman2/quotes/204321690/composite
US : U.S.: Nasdaq
$ 47.42
+1.59 +3.47%
Volume: 684,855
Sept. 28, 2022 4:00p
P/E Ratio
14.35
Dividend Yield
2.00%
Market Cap
$7.69 billion
Rev. per Employee
$649,867
loading...
/zigman2/quotes/205815173/composite
US : U.S.: NYSE
$ 9.62
+0.26 +2.78%
Volume: 195,956
Sept. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$513.86 million
Rev. per Employee
$1.83M
loading...
/zigman2/quotes/208934945/delayed
UK : U.K.: London
4,854.00 p
+72.50 +1.52%
Volume: 2.61M
Sept. 28, 2022 4:35p
P/E Ratio
5.94
Dividend Yield
10.88%
Market Cap
£79.80 billion
Rev. per Employee
£917,806
loading...
/zigman2/quotes/208108397/composite
US : U.S.: NYSE
$ 50.13
+1.63 +3.36%
Volume: 3.77M
Sept. 28, 2022 4:00p
P/E Ratio
4.09
Dividend Yield
12.94%
Market Cap
$121.73 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201448516/delayed
AU : Australia: Sydney
$ 37.25
+0.05 +0.13%
Volume: 13.35M
Sept. 28, 2022 4:10p
P/E Ratio
6.01
Dividend Yield
12.44%
Market Cap
$188.42 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/208685669/composite
US : U.S.: NYSE
$ 26.53
+0.77 +2.99%
Volume: 1.72M
Sept. 28, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$7.24 billion
Rev. per Employee
$252,012
loading...
/zigman2/quotes/204980236/composite
US : U.S.: NYSE
$ 39.39
+0.50 +1.29%
Volume: 20.57M
Sept. 28, 2022 4:00p
P/E Ratio
7.91
Dividend Yield
6.63%
Market Cap
$163.33 billion
Rev. per Employee
$1.13M
loading...
/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 15.83
+0.10 +0.64%
Volume: 42.66M
Sept. 28, 2022 4:03p
P/E Ratio
5.83
Dividend Yield
7.01%
Market Cap
$112.09 billion
Rev. per Employee
$732,158
loading...

1 2
This Story has 0 Comments
Be the first to comment
More News In
Markets

Story Conversation

Commenting FAQs »

Partner Center

World News from MarketWatch

Link to MarketWatch's Slice.