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shouldnt that say 'vodka'?
AAPL
60min
Reports: Red Sox reach deal with RHP Brad Penny
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Mon Dec 29, 9:42 pm ET
The Boston Red Sox and pitcher Brad Penny reached a preliminary agreement on a $5 million, one-year contract, according to several reports Monday.
The team also struck a tentative agreement with catcher Josh Bard and both deals are pending physicals, the reports said.
A two-time All-Star, the 30-year-old Penny struggled with injuries to his shoulder and side last season with the Los Angeles Dodgers. He went 6-9 with a 6.27 ERA in 17 starts and two relief appearances.
The big right-hander would join a talented Boston rotation that includes Josh Beckett, Daisuke Matsuzaka, Jon Lester and knuckleballer Tim Wakefield. Penny was teammates with Beckett and Red Sox third baseman Mike Lowell in Florida, helping the Marlins win the 2003 World Series.
Penny pitched well in that series against the New York Yankees, going 2-0 with a 2.19 ERA in two starts.
He was the NL starter in the 2006 All-Star game and finished that year 16-9 with a 4.33 ERA. The following season, Penny went 16-4 with a 3.03 ERA in 33 starts covering 208 innings and placed third in NL Cy Young Award voting.
According to the reports, Penny could earn an additional $3 million in performance bonuses with the Red Sox. He is 94-75 with a 4.06 ERA in nine big league seasons.
An e-mail sent by The Associated Press to Red Sox general manager Theo Epstein was not immediately returned. Phone calls to Penny's agent, Greg Genske, also were not immediately returned.
Bard played seven games for Boston in 2006 but struggled to catch Wakefield's knuckler and was traded to San Diego. He batted .202 with a homer and 16 RBIs in 178 at-bats for the Padres last season.
The Red Sox need depth behind the plate — captain Jason Varitek is a free agent.
Me too..tremendously!!!!1
ASFX
chart looks like we've bottomed........
Motorola to Supply China Telecom: Report
UP
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China Unicom (Hong Kong) Ltd - Shs Sponsore| CHU
DOWN
China Telecom (CHA Quote - Cramer on CHA - Stock Picks) has picked Motorola (MOT Quote - Cramer on MOT - Stock Picks) as a key supplier of its next-generation wireless infrastructure, according to a report.
Motorola will help China Telecom upgrade its CDMA network infrastructure to include broadband data capability and advanced multi-media services, according to ChinaTechNews.com. The new equipment should facilitate advanced data transfers allowing for video streaming and music downloads to wireless subscribers in China.
The equipment will be installed in early 2009 and is part of a larger project to upgrade China Telecom's entire nationwide CDMA network to next-generation capability, according to the report. Additionally, the installation of this new equipment will expand China Telecom's coverage footprint and replace older equipment in markets where Motorola network gear has been operating for many years.
In May, Chinese officials announced a plan to merge six state-owned phone providers into three in a move designed to offer more competition for China Mobile (CHL Quote - Cramer on CHL - Stock Picks), which has the largest subscriber count in the world with nearly 400 million.
Three 3G spectrum licenses have been pinned to the merged companies once the restructuring is completed: wideband code division multiple access (WCDMA), time division synchronous code division multiple access (TD-SCDMA), and standard CDMA.
Since the reshuffling was originally announced, China Telecom has acquired CDMA licenses from China Unicom (CHU Quote - Cramer on CHU - Stock Picks). Following that transaction, China Unicom merged with China Netcom (CN Quote - Cramer on CN - Stock Picks) in a deal worth $24 billion, with the combined company set to build out a 3G network based on WCDMA technology. China Mobile, meanwhile, is committed to operating a TD-SCDMA network.
China Telecom's decision is a shred of much-needed good news for Motorola, which has struggled as handset competition has intensified and as its RAZR phone has fallen out of fashion. In March, the company announced it would seek to splinter off its troubled handset unit. Two months ago, Motorola said it would split its home and networks mobility segment into three new units, which will be broadband home solutions, broadband access solutions and cellular networks.
Recently, Standard & Poor's cut its long-term credit rating on Motorola to junk status. The company also said it is permanently freezing its U.S. pension plans and temporarily suspending matching contributions to employee 401(k) plans as part of its bid to cut costs.
Shares of Motorola ended Monday's trading session down 4 cents, or about 1%, at $4.05. Qualcomm (QCOM Quote - Cramer on QCOM - Stock Picks), which is largely expected to benefit from China's migration to 3G wireless technology, lost 1% to $34.10.
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Kerkorian Unloads Ford Shares
TSC Staff
Billionaire investor Kirk Kerkorian has dumped his 4.9%
stake in Ford, according to his Tracinda Corp., Reuters
reported.
Okay, Thanks!
Hey how do you post a chart in your message? Thanks.
Yup sure is!!
nice website...lol
http://www.americanapparel.net/
plus they just opened on Newbury street in Boston........
Yup, Only reason why i'm in this one because it's kind of like a wal-mart store. Most of their clothes are discounted as such and i believe they are american made brands. IMO
Be careful..money flow into retail sector is weak at best..
however
American Apparel hits low after financing change
Monday December 22, 8:18 pm ET
American Apparel shares reach new low as analyst lowers estimate after financing change
NEW YORK (AP) -- Shares of American Apparel Inc. hit a new low on Monday, after an analyst said the company will have to pay more for financing, after it changed some terms of a credit agreement, and lowered his estimates and price target on the apparel retailer.
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The stock declined 11 cents, or 4.8 percent, to $2.19, after earlier reaching an all-time low of $2.02. Shares have traded between $2.23 and $15.28 during the past year.
On Friday, the company said it changed terms of its revolving credit and second-lien credit facilities to extend maturities of the loans for three months. The clothing retailer said the amendments give it the ability to operate while looking for more longer-term financing with its lenders and other parties.
Lazard Capital Markets analyst Todd Slater said the financing change basically amounts to extended financing granted under tougher terms. He lowered estimates on the company due to the increased cost of financing and lower retail and sales estimates.
He now expects 2009 earnings of 51 cents per share, down from 60 cents per share. Analysts polled by Thomson Financial, on average, predict a profit of 52 cents per share.
"Though we believe American Apparel operates a resilient and geographically diversified model, heightened sensitivity to the weakening global macroeconomic conditions can't be ignored," wrote Slater, who rates the company "Buy."
He lowered his price target to $14 from $17.
It's on it's way down a bit but anytime now it should rebound pending the PR to be released. Speaking with the Moderator the company is in position to lose the Q. Making a deal with FNF they have reduced their debt significantly. I'm hoping a price increase from .25-1.00. This one is about to Rock!!! Anyways i'll keep this board informed when it's ready to break out!! IMO
Oh yeah this one's itchin' to bust out!! I like this one because even in this bad economy they are still posting positive profits! IMO
APP
Looks interesting..MFI crossed but needs a little more confirmation for me to jump on it just yet
Hey can you post APP chart too because this one is in a very oversold condition and at anytime could make a rebound as early as Monday!!
LFGRQ should be bouncing is correct...I like this one especially from here...
All really good stocks to play! I especially like LFGRQ. It looks to bounce very soon! Let you guys know when it's on the move!!! IMO
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