Market Gawk

United States Market and Economy

July 19th, 2007

links for 2007-07-20

7-19-07 Western Union Co. (WU) | Wallstrip
From the Old West to Web 2.0, Western Union Co. (WU) knows how to ride.
(tags: stocks)

78 Timeless Wealth Building Tips from Benjamin Franklin
The principles that build wealth haven’t changed for centuries. These 78 maxims, gleaned from Benjamin Franklin’s Way to Wealth, contain all the wisdom needed to amass a […]

Original post by FeedZilla

July 19th, 2007

Value Buys Among the Dow 30

Despite the index’s sharp runup, BW’s Gene Marcial identifies nine stocks that, according to some analysts, trade well below their fair market value

Original post by FeedZilla

July 19th, 2007

How to Find Value in the Surging Dow

Despite the index’s sharp runup, BW’s Gene Marcial identifies nine stocks that, according to some analysts, trade well below their fair market value

Original post by FeedZilla

July 19th, 2007

Stocks Climb, But Google’s Miss Looms For Market

Stocks gained ground across the board Thursday, but mixed volume and an after-hours dive by Google took some of the starch out of the rally.

Original post by FeedZilla

July 19th, 2007

Airplane Parts Manufacturer Winning Over Reluctant Air Carriers

When it comes to winning new business there’s nothing more satisfying than bringing a longtime holdout on board.

Original post by FeedZilla

July 19th, 2007

Stocks: No Time to Be Scared

Some market bloggers worry about what could trip up the market, while others advise investors to enjoy the gains

Original post by FeedZilla

July 19th, 2007

CORRECT: Leggett & Platt posts lower profit, trims outlook

SAN FRANCISCO (MarketWatch) — Leggett & Platt Inc. , hit by weaker sales, reported late Thursday second-quarter net income of $60 million, or 33 cents a share, down from $84.2 million, or 45 cents, a year ago. Revenue for the quarter ended June 30 fell 3% to $1.32 billion from $1.36 billion. Analysts polled by Thomson Financial expected the engineered parts maker to post per-share earnings of 31 cents on $1.3 billion in revenue. The company trimmed its 2007 per-share earnings outlook to $1.28 to $1.44 from $1.35 to $1.55 earlier. The revised outlook includes restructuring-related costs of 10 cents a share, twice the earlier 5-cent estimate. Leggett & Platt shares closed at $22.60 ahead of the report, a 2% gain for the day.
(Corrects earnings outlook.)
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla

July 19th, 2007

Qualcomm: Verizon pact with Broadcom is positive development

SAN FRANCISCO (MarketWatch) — Qualcomm Inc. late Thursday called the license agreement between Verizon Wireless and Broadcom Corp. ”a positive development.” The agreement will allow Verizon Wireless to continue importing and selling mobile devices that are the subject of a lawsuit between Broadcom and Qualcomm. In a statement, Qualcomm said, the pact ”removes uncertainty for Verizon Wireless and its customers by ensuring that Verizon Wireless will be able to continue to sell wireless broadband products powered by Qualcomm’s chipsets and software.” In addition, the terms are ”far less drastic” than any terms previously asked by Broadcom from Qualcomm, Qualcomm said. Verizon Wireless is co-owned by Vodafone Group Plc and Verizon Communications Inc. .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla

July 19th, 2007

Orbitz prices $510 mln IPO at $15 per share

SAN FRANCISCO (MarketWatch) — Orbitz Worldwide Inc. late Thursday said it has priced its initial public offering of 34 million shares of common stock at $15 a share, for an overall value of $510 million. The Chicago-based online travel company also said it has granted underwriters a 30-day option to buy up to 5.1 million additional shares at the public offering price. The company said it plans to use the net proceeds from the offering plus about $530 million of borrowings to repay debt it owes to Travelport and, immediately prior to the offering, to pay a dividend to Travelport.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla

July 19th, 2007

Sector led by Southwest; co-founder Kelleher to leave

SAN FRANCISCO (MarketWatch) — Airline shares edged slightly higher Thursday, with Southwest Airlines Co. rallying after saying co-founder Herb Kelleher would step down from his chairman’s post while its chief executive stayed on.

Original post by FeedZilla