RealPennies.com: Turning Pennies into dollars: (OTCBB: CNOA), (NYSE: JBLU),(NYSE: LEH), (NYSE: DJ), (NYSE: NWS).
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Shares of China Organic Agriculture, Inc. (OTCBB: CNOA)(December 17, 2007)announced that Changqing Xu, was appointed as the new Chief Executive Officer of China Organic Agriculture on December 6th. The Company has been under the oversight of Huizhi Xiao, Chairman for the last several months. New CEO Changqing Xu will add to the already strong leadership of the Company. Mr. Xu, MBA has 15 years of experience in management, and 5 years of senior level management overseas. Mr. Xu held positions such as CEO, COO, market manager and supervisor specializing in asset and resource restructuring as well as overseas expansion.
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Germany's biggest airline, Deutsche Lufthansa AG, said Thursday that it is paying $300 million for a 19 percent stake in JetBlue Airways Corp. (NYSE: JBLU)(December 17, 2007) whose stock has lost about two thirds of its value since an operational meltdown last Valentine's Day. The move, which could be a precursor to an eventual takeover if U.S. laws are changed, comes as the euro has risen significantly against the dollar, making U.S. companies seem like bargains for European buyers. The cash would provide a welcome infusion for New York-based JetBlue which has been struggling. JetBlue CEO Dave Barger called the deal a "significant endorsement of JetBlue's franchise from one of the most respected leaders in global aviation."
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Lehman Brothers Holdings Inc. (NYSE: LEH)(December 17, 2007) reported its third straight quarter of losses on Thursday, due to further turmoil in global credit markets, but the company managed to offset most of its problems and easily beat Wall Street expectations. Lehman, the largest U.S. underwriter of mortgage-backed bonds, relied on a strong performance from its equities business to sidestep losses stemming from the subprime mortgage collapse. The New York-based investment house was able to offset most of a $3.5 billion writedown with transactions designed to curtail its losses.
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Dec. 13, 2007 -- Rupert Murdoch's $5 billion-plus bid for Dow Jones & Co. (NYSE: DJ), publisher of The Wall Street Journal, cleared its final hurdle Thursday as shareholders of the financial publishing company gave their approval, setting up the deal to close later in the day. The changeover is sure to bring significant changes to the Journal, starting with a new management team that was announced late last week. Longtime News Corp. (NYSE: NWS) publishing executive Les Hinton will be chief executive, while Robert Thomson, editor of Murdoch's The Times newspaper in London, will be publisher. Several Dow Jones executives are departing, including CEO Richard Zannino. Dow Jones held the shareholder vote in a hotel in the financial district of lower Manhattan, near its headquarters. The meeting was attended by a number of Dow Jones executives and employees as well as several members of the Bancroft family.
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