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Daily Archives: January 11, 2008

A Reprieve On Write-Downs (MER)(C)

Posted: January 11, 2008 at 6:43 am

Merrill may have to write off another $15 billion for Q4.If the Fed and Treasury want to do something for banks, mortgage companies, and investment houses, they can stop lending ...
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No Recession For Some Big Companies (VZ)(CBS)(NWS)

Posted: January 11, 2008 at 6:23 am

The No.2 man at Verizon (VZ) told an investing conference that the telecom company was not seeing any effect from the economic slowdown. Management from News Corp (NWS) made similar ...
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The Airline Merger Myth (NWA)(UAUA)(DAL)

Posted: January 11, 2008 at 6:06 am

After airline stocks took a nearly unprecedented beating during the last few weeks on concerns about higher fuel costs and a falling economy, they rallied like mad yesterday. Some of ...
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Is Countrywide (CFC) Worth 50% More?

Posted: January 11, 2008 at 5:51 am

Yesterday, news hit the market, beginning with a report in The Wall Street Journal, that Bank of America (BAC) was thinking of buying troubled mortgage bank Countrywide Financial (CFC). At ...
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Nasdaq Short Interest: Sellers Flee Big Tech

Posted: January 11, 2008 at 4:26 am

Based on the Nasdaq short interest in major stocks listed on the exchange as of December 31, shares short in most big tech companies fell. The numbers are compared to ...
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Media Digest 1/11/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: January 11, 2008 at 4:11 am

According to Reuters, Bernanke said the Fed was ready to cut rates sharply in the face of a falling economy.Reuters writes that the November trade gap was greatest it has ...
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Asia Markets 1/11/2008

Posted: January 11, 2008 at 3:47 am

Markets in Asia were mixed, The Nikkei fell 1.9% to 14,111. Mitsubishi fell 3.9% to 2805. Sony (SNE) fell 1.7% to 6040. Yahoo Japan fell 3% to 48550.The Hang Seng ...
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