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Large Cities Ruined By Foreclosures

Posted: May 22, 2012 at 6:22 pm

According to data released last week, the worst effects of the housing crisis are beginning to wind down. RealtyTrac’s latest report shows the number of foreclosures in the U.S. in ...
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Ford Gets ‘Investment Grade’ Rating At Moody’s

Posted: May 22, 2012 at 5:13 pm

Ford Motor Company (NYSE: F) is now considered 'investment grade' at Moody's after a late-day upgrade.  Moody's Investors Service raised the senior unsecured ratings of Ford to Baa3 from Ba2, which ...
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GM Could Be Upgraded To ‘Investment Grade’ at Moody’s

Posted: May 22, 2012 at 4:27 pm

General Motors Company (NYSE: GM) may soon get to be an 'investment grade' company on its credit ratings.  While this might not mean much on the equity level of the company, ...
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Dell Dragged Down by Americas & Consumer; Sets Bad Tone For HP

Posted: May 22, 2012 at 4:15 pm

Dell Inc. (NASDAQ: DELL) is out with disappointing earnings and the report is going to sour the tone for Hewlett-Packard Co. (NYSE: HPQ) on Wednesday.  Earnings for the PC maker ...
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Facebook Deathwatch: Another Day, Another Drop

Posted: May 22, 2012 at 4:11 pm

Investors can’t seem to part with shares of Facebook Inc. (NASDAQ: FB) fast enough. Nearly 90 million shares traded hands today, and the buyers had to be optimists. Shares opened ...
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24/7 Wall St. Closing Bell — May 22, 2012 (GPS, DRYS, DPZ, LYB, TSLA, AZO, BBY, RL, WSM, EXPR, AEO, BIG, HRL, NTAP, P, STP, TSL, PCX, BNHN, FB)

Posted: May 22, 2012 at 4:06 pm

The three major US stock indexes opened slightly higher this morning following their European and Asian counterparts, none of which were the least concerned about a downgrade to Japanese debt ...
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SEC Charges Another Ponzi Scheme, $157 Million in Florida

Posted: May 22, 2012 at 3:59 pm

Bernie Madoff is alive in prison, but his extreme Ponzi scheme living has led to more and charges brought against other Ponzi schemes.  Now comes news that the Securities and Exchange ...
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B2B Focus Returns: SAP Acquiring Ariba (SAP, ARBA, ORCL)

Posted: May 22, 2012 at 3:16 pm

If you recall the term B2B, you are going back a decade and then some as far as internet companies.  Ariba, Inc. (NASDAQ: ARBA) was one of the key business-to-business ...
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Oil Breaks Under $92/Barrel (USO)

Posted: May 22, 2012 at 2:59 pm

NYMEX Crude keeps listing lower and lower.  This seems odd considering that the Memorial Day weekend ahead is supposed to mark the official start of the summer driving season.  The ...
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Patriot Coal Tries to Stop the Bleeding

Posted: May 22, 2012 at 2:50 pm

Here’s what Patriot Coal Corp. (NYSE: PCX) had to say this afternoon about the $625 million term loan it couldn’t close last week: Earlier this month,Patriot Coal Corporation (PCX) announced ...
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RailAmerica, Another Buffett-Type Buyout Possibility

Posted: May 22, 2012 at 1:53 pm

When Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B)(NYSE: BRK-A) made the acquisition of Burlington Northern Santa Fe, the speculation was that more rail mergers could be expected.  After all, ...
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Work Hard and Strike Oil

Posted: May 22, 2012 at 1:46 pm

Research firm IHS Global Insight reports new data showing that four states -- Alaska, Louisiana, North Dakota, and Texas -- have or will soon post unemployment rates equal to or ...
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Treasury Auctions Showing Investor Fear Sentiment

Posted: May 22, 2012 at 1:26 pm

The U.S. Treasury just sold $35 billion in two-year notes and the demand for this auction was the highest since last November when equity markets had faced serious weakness in ...
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Patriot Coal’s Starts Bloodbath for Coal Miners (PCX, BTU, ACI, CNX, ANR, JRCC, WLT, CLD, KOL)

Posted: May 22, 2012 at 1:24 pm

Shares of Patriot Coal Corp. (NYSE: PCX) are in freefall this afternoon on a report from Debtwire that the company is seeking a firm to help with its restructuring. The ...
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Full 360-Degree Dell Earnings Preview

Posted: May 22, 2012 at 12:57 pm

Dell Inc. (NASDAQ: DELL) is set to report earnings after the close, one day before rival Hewlett-Packard Co. (NYSE: HPQ) reports earnings.  Dell is expected to report earnings of $0.46 ...
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