Archive for February 17th, 2008

Sampras-Haas exhibition highlights San Jose tournament
USA Today - few exhibitions here and there, but to come back, I don’t really necessarily play just for the limelight or for the money. I Copyright 2008 USA TODAY, a division of Gannett Co. Inc.

Britain nationalises mortgage lender Northern Rock
Reuters - In the current market conditions we do not believe the two proposals deliver sufficient value for money for the taxpayer,” Finance minister Alistair Darling told a news conference. “So the government has decided to bring forward legislation to

NextSport to Partner with Six Flags Theme Parks to Launch In-Park
MSN MoneyCentral - For today’s top Money video click here News Providers Associated Press bizjournals.com Briefing.com BusinessWeek Wall Street Journal NextSport, the creator and manufacturer of the popular line of Fuzion performance scooters, announced today, that

Northern Rock to go into public ownership
Guardian Unlimited - But in current market conditions, we don’t believe that they deliver adequate value for money for the taxpayer. So the Government has therefore this day decided to bring forward legislation to take Northern Rock into a period of temporary public

London 1948 to London 2012: Rags to riches for the ‘high-class Del Boy
The Independent - London 1948 to London 2012: Rags to riches for the ‘high-class Del Boy’ who dreamt of gold, not money The Austerity Games rescued the Olympics and were a fairer reflection of the best than today’s financial frenzy. By Alan Hubbard

Dealing With Ankle Biters
Egypt Today - Children may get to select what to do on a weekend, where we go for lunch, or just a small amount of money or a new book. Neither Egypt Today  is the leading current affairs magazine in Egypt and the Middle East  and the oldest English-language

Housing slowdown puts day laborers in limbo
USA Today - De la Cruz came here from Tabasco, Mexico, three years ago to earn money to provide for his daughter, now 5. Only a year ago Conversation guidelines: USA TODAY welcomes your thoughts, stories and information related to this article. Please stay on

Clouds hover over the housing market
Times On the internet - The asking price for houses moved up last month but property is taking far longer to sell, according to new figures out today Step one: read Times Money’s essential checklist

Your browser does not support frames.
MSN MoneyCentral - Frames are common this day on many content rich web sites such as MSN Money. They are used to enhance page download time, site navigation and overall presentation of data leading to a better user experience. Unfortunately, you’ll not be able to view

ANZ shares plunge on debt fears
News.com.au - ANZ shares dropped more than 5pc today after the bank revealed it had put more money aside to cover bad debts than the market expected. The bank issued a trading update this morning that revealed a one-off $US200 million ($220.68 million) provision

Virgin’s Branson “disappointed” at N.Rock decision
Reuters - British Finance Minister Alistair Darling said Northern Rock would be temporarily nationalized as two private sector offers, including the one from a Virgin-led consortium, would not deliver adequate value for money for the taxpayer. Branson said

Transcript found in JFK memorabilia
USA Today - rifle and a tall building; but it will take time, maybe six months to find the right place; but I’ll have to have some money Conversation guidelines: USA TODAY welcomes your thoughts, stories and information related to this article. Please stay on

In Africa, Bush wants AIDS plan renewed
Seattle Post Intelligencer - Democrats want to strip requirements that one-third of the money go to abstinence-until-marriage programs and that some groups sign anti-prostitution pledges. Some Democrats also say that Bush’s request for $30 billion over the next five years, twice

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Two interesting bits of news were released Friday afternoon. First, our government had decided to intercept a descending spy satellite just before it re-enters the atmosphere. They stated they were doing this because of “dangerous fuel” but wouldn’t this burn up upon re-entry? Then the Defense Department announced that Raytheon Missile Systems, a unit of Raytheon Co. (NYSE: RTN) has won a $1 billion Missile Defense Agency contract boost to make 102 missiles for the Aegis Ballistic Missile Defense System.

Initially this wasn’t enough missiles to help Raytheon’s stock, which shut down 1% for the day to $65.65. However, when folks put the stories together in after hours trading RTN jumped 2.5% reaching $67.30 before the trading “pool” was cleared because the “lifeguards” had to go home, spoiling the late night speculators fun.

Sheldon Liber is the CEO of a small private investment company and the principal for design and research at an architecture & planning firm. To find potential opportunities and verify my track record, read Chasing Value or Serious Money. Disclosure: I do not own shares of RTN.

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