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  • August 8, 2008

US stocks reversed course today, as lower oil prices fueled a handsome rally in the three major indexes. Read More

  • August 7, 2008

Cash Cow Otelco (NSDQ: OTT) reported posted another round of solid results: Total revenue increased 3.2 percent from a year ago to $17.7 million, while the company generated net income of $0.4 million for the second quarter and $0.8 million for the first half. Last year the company booked net losses for both of these periods. Read More

  • August 7, 2008

US stocks tumbled today, as higher unemployment figures and Wal-Mart’s (NYSE: WMT) lackluster sales forecast hit share prices in the retail sector and renewed anxieties over a slowdown in consumer spending. Read More

  • August 6, 2008

Nibbler Thornburg Mortgage (NYSE: TMA) has proffered a tender offer to shareholders of Thornburg Mortgage 8% Preferred C. Investors will receive $5.00 and 3.5 new common shares in exchange for each preferred share, which has a suspended dividend. Read More

  • August 6, 2008

US stocks built on yesterday’s upward momentum, as lower oil prices once again spurred the three major indexes to respectable gains. Read More

  • August 5, 2008

The three major indexes posted a rally today on sliding crude oil prices. The Dow Jones Industrial Average tacked on 331.62 points, or 2.94 percent, to 11,615.77; the Nasdaq Composite gained 64.27 points, or 2.81 percent, to 2,349.83; and the S&P 500 climbed 35.87 points, or 2.87 percent, to 1,284.88. Read More

  • August 4, 2008

The three major US stock indexes finished the day in the red after gains in the retail sector failed to offset declining share prices among energy producers. Read More

  • August 1, 2008

US stocks began August inauspiciously, as the three major indexes finished the first day of the month in the red. News that the jobless rate reached 5.7 percent--the highest level in four years--did little to assuage anxious investors and huge quarterly losses at General Motors (NYSE: GM) likewise didn’t help matters. Read More

  • July 31, 2008

Income Portfolio holding Citizens Communications (NYSE: CZN) officially changed its name to Frontier Communications (NYSE: FTR) and began trading under this new name and ticker this morning. The rationale behind this change was to align the firm’s corporate name with the brand name under which its business operates. Read More