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Daily Archives: January 21, 2008

Asia Opens In Trouble

Posted: January 21, 2008 at 8:04 pm

In early trading in Asia, Japan's Nikkei 225 is down 4.4% to 12,745 at 8 PM New York time.The ASX All Ordinaries Index is off 5.3%Douglas A. McIntyre ...
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Does Microsoft (MSFT) Buy Citrix (CTXS)?

Posted: January 21, 2008 at 7:52 pm

Microsoft (MSFT) is behind in the virtualization software business. Way behind. Wall St.'s perception, which is probably correct, is that recent IPO VMWare (VMW) has the industry lead. The company ...
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China Banks May Take Big Subprime Write-Downs

Posted: January 21, 2008 at 7:03 pm

Several of China's largest banks may take billions of dollars in write-downs due to their ownership of US mortgage-backed securities. According to The Wall Street Journal "Bank of China's total ...
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Yahoo! (YHOO) Makes The Cut

Posted: January 21, 2008 at 6:59 pm

Yahoo! (YHOO) management finally saw the writing on the wall. It read that the future was grim.The internet portal company is now almost certain to cut jobs before now and ...
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Microsoft (MSFT) Details Plans To Take On VMWare (VMW)

Posted: January 21, 2008 at 2:02 pm

One stock which may come under more than normal pressure tomorrow is virtualization software company VMWare (VMW). Microsoft (MSFT) disclosed detail of its plans to take on the successful IPO ...
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BHP Billiton (BHP) And Rio Tinto (RTP) Lose 10% Of Their Values

Posted: January 21, 2008 at 12:23 pm

Shares in BHP Billiton (BHP) and Rio Tinto (RTP) both lost over 10% of their market caps in Europe trading today. For BHP that is almost $18 billion and for ...
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Can Barron’s Save MBIA From Ambac’s Fate? (MBI, ABK)

Posted: January 21, 2008 at 9:28 am

There was an interesting article in this weekend's edition of Barron's.  The financial weekly bible is noting that, despite the turmoil and perhaps terminal verdict of bond insurers, there may ...
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A 1,000 Point Drop On The Dow? (C)(BAC)(AXP)(AAPL)

Posted: January 21, 2008 at 9:00 am

Tuesday could bring a 1,000 point drop on the Dow, especially if markets in Asia and Europe repeat their Monday performances tomorrow. China's big Hang Seng index fell 5.5% to ...
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Europe Markets 1/21/2008 Damage Galore (BHP) (SI)

Posted: January 21, 2008 at 7:27 am

Markets in Europe were down significantly at 7.20 AMThe FTSE fell 4.9% to 5,613. BHP Billiton (BHP) was off 7.5% to 1275. BT (BT) was off 5% to 262.The DAXX ...
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A China Stock Market Recession

Posted: January 21, 2008 at 6:50 am

After two years of extraordinary run-ups, China's two big stock indices, the Hang Seng and Shanghai Composite have gone negative. The implications for the huge country could be more than ...
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Market Sell-Off Makes Big US Companies M&A Targets (S)(F)(Q)(JAVA)(YHOO)

Posted: January 21, 2008 at 6:39 am

The big US companies with the weakest prospects have sold off by as much as 50% over the few months. But, because some of them have powerful brands, large customer ...
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A Stimulus Package For The Dead

Posted: January 21, 2008 at 5:44 am

Sen. Charles Schumer and the rest of Congress are making a painfully slow but purposeful rush to save the economy from recession. It is a shame the the actions will ...
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Media Digest 1/21/2008 Reuters, WSJ, NYTime, FT, Barron’s

Posted: January 21, 2008 at 4:31 am

According to Reuters, BHP Billiton (BHP) is lining up more bank financing in its bid to buy Rio Tinto (RTP).Reuters writes that the GE (GE) jet engine backlog in China ...
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Asia Stocks 1/21/2008 Huge Retreat (TM)(LFC)(SNP)

Posted: January 21, 2008 at 4:10 am

Markets in Asia fell sharply.The Nikkei fell 3.9% to 13,326. Docomo (DCM) fell 4.6% to 165000. Toyota (TM) fell 3.6% to 5260.The Hang Seng dropped 5.5% to 23,819. China Life ...
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