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Full Court Press with Dr. J


Thx Dr. J


Chicago, 6:18 am

  • NYSE to merge with Chicago's Archipelago (AX) - might not be the shot heard 'round the world, but 213-year-old NYSE vaulted into the top ranks of electronic stock trading yesterday by announcing a merger with all-electronic rival Archipelago Holdings Inc. The stunning move, which took all of Wall Street by surprise, will also transform the NYSE into a for-profit, publicly traded enterprise.

  • Ebay (EBAY) rev tops $1 billion - Ebay redeemed its status as an industry leader last night by impressively boosting its sales and new user base growth after a sluggish performance going into 2005. The world's biggest online auction company beat Wall Street's earnings forecasts jumping 36% to cross the $1 billion mark for the first time, up from $756 million a year ago, in line with analyst expectations.

  • Dunkin' Donuts' parent bought out - British Drinks Company Allied Domecq has agreed in principle to a $14.2 billion takeover offer from rivals Pernod Ricard of France and the USA's Fortune Brands (FO). Pernod and Fortune have agreed to divide Allied's brands - including Ballantine's whiskey and Beefeater gin - between them. As part of the deal, Pernod will take on Allied's fast-food restaurants chains Dunkin' Donuts, Baskin-Robbins and Togo's and announce the intention to sell off the three chains. Allied also owns the brands Kahlua, Beefeater, Canadian Club, Courvoisier and Tia Maria.

  • Motorola (MOT) net jumps 14% - Motorola, based in Schaumburg, Ill., said net income jumped 14% to $692 million, or 28 cents a share, compared with $609 million, or 25 cents a share, a year-earlier quarter. With the exclusion of the company's semiconductor business, which has since split off, the company's net increased 48% from $466 million in the year-ago quarter. Revenue also exceeded expectations, growing 9.7% to $8.16 billion, compared with $7.44 billion a year earlier.

  • Nokia (NOK) profits +18% - Nokia shares moving higher in pre-market after announcing an 18% surge in profits and raising guidance.

No positions in stocks mentioned.
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