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Stocks to Watch: BHP Billiton, Dominion Homes, Intel


Monday's top stories and stocks with potential to move...


Stocks to watch for Monday, November 12, 2007:

  • BHP Billiton (BHP), which recently made a proposal for a $140 bln takeover of rival Rio Tinto (RTP), vowed to offer $30 bln to shareholders in a share buyback program if the deal goes through.
  • Disney (DIS) has plans to break into the cell phone market in Japan next spring as it will unveil its own branded phones and animated content. The company will not offer its own service, but will partner with Softbank Corp., Japan's third largest mobile operator.
  • Dominion Homes (DHOM) reported net loss in the 3Q of $15.3 mln, or $1.86 a share compared with a year ago loss of $5.9 mln or 73 cents a share. Revenue in the quarter totaled $38.1 million from the delivery of 197 homes.
  • Dow Chemical (DOW) was made aware of potential violations at its Midland, Michigan facility related to clean-air and hazardous waste. The U.S. Environmental Protection Agency (EPA) did not follow regulations for detecting and repairing leaks and did not conduct a required stack test.
  • Intel's (INTC) newest chips, which will be formally introduced today, are being built with transistors from a material called hafnium instead of the usual silicon dioxide. The company estimates the new material will increase the chips' switching speeds by more than 20% while reducing power consumption by about 30%.
  • St. Jude Medical's (STJ) defibrillator wires from the company's Riata line, in rare cases, are puncturing holes in the hearts of cardiac patients. The wires are attached to the heart wall and are intended to send an electric shock to the organ when its rhythm becomes irregular. In these rare cases, the wires are not staying attached, but puncturing the heart.

Market Recap

  • Asian trading closed with the Hang Seng -3.88%, Nikkei -2.48%, Sensex -1.69%, Taiwan -3.35% and Shanghai -2.40%.
  • A quick check towards Europe is mixed with the CAC -0.25%, DAX -0.33%, FTSE +0.23%, ATX +0.37%, Swiss Mkt. -0.10% and Stockholm -0.01%.
  • Crude oil is trading lower -1.01 to 95.3 and gold is declining -17.3 to 817.4 this morning.
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