BBY HPQ: U.S. TV Maker Wins a Shelf At Best Buy Electronics retailer Best Buy Co. is set to start selling flat-panel television sets from computer giant Hewlett-Packard Co., marking the return, after more than a decade, of TVs from a major U.S. company to a national retailer's shelves. H-P says components are being sourced from several suppliers and the sets assembled in Asia; still the deal marks a new approach to television marketing from a U.S. manufacturer. (Full Story) WSJ
GOOG: Google Puts Marketers on Map In a Reach for Local Ad Dollars Google Inc. began letting advertisers buy ads displayed on specific geographic locations on its popular online mapping and local search service. The move further extends the reach of its ad n
Stopped Out on SiRF at 2006-04-04 01:40:34 Yesterday, I was stopped out of my position in SiRF Technology (Nasdaq:SIRF). The stock sold off on very high volume, due to rumors that one of its largest customers in Asia is experiencing soft sales, and broke below its 50-day average in the process.
I don't know if those rumors are true or not, but the action in the stock was pretty bearish. Given the high valuation that SIRF trades at, it could experience a correction at any time. I elected to to stick with a tight 10% stop-loss, which was triggered. I plan to keep my eye on the stock to see if and how it corrects, with an eye toward repurchasing at some point.
Weekly Recap at 2006-04-04 01:40:34 The stock market held up well this week considering the interest rate situation. On Tuesday, the Fed raised the fed funds rate target from 4.50% to 4.75%. Over the past week, the 10-year yield rose from 4.67% to 4.85%. Yet, despite the increase in interest rates across the yield curve, the S&P only lost 8 points on the week.
The big event by far was the Fed policy statement on Tuesday. The increase in the fed funds rate was fully anticipated. The policy statement proved a disappointment.
There had been much anticipation that the statement would reflect a less aggressive posture on the part of the Fed. There was even some hope that it would suggest that the Fed was done raising short-term rates.
That was not the case. The policy statement was essentially unchanged from the previous statement. The conclusion was that another rate hike was nearly certain at the May 10 meeting, and that a further rate hike after tha
ASCA AZR: Ameristar Sets $1.5 Billion Bid For Aztar, Topping Pair of Rivals Raising the stakes in what has quickly become a bidding frenzy for a prime piece of Las Vegas real estate, Ameristar Casinos Inc. yesterday made a $1.5 billion cash bid for casino operator Aztar Corp. that tops previous bids by two other gambling concerns. In a letter to Aztar, Ameristar Chairman and Chief Executive Craig Neilsen offered $42 a share for the Phoenix-based company that operates the Tropicana hotel-casinos in Las Vegas and Atlantic City, N.J. Ameristar also would assume Aztar's $723 million in debt. (Full Story) WSJ
STZ VN.T: Constellation Is Close to a Deal For Canadian Winemaker Vincor Constellation Brands Inc. was near a deal last night to
