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Daily Archives: March 7, 2008

Washington Mutual (WM) Goes Begging For Cash

Posted: March 7, 2008 at 5:39 am

Washington Mutual (NYSE: WM) went and got itself a tin cup. Federal regulators want it to raise more money so that it can lend more money. The mortgage bank is ...
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Recession Over: Sharper Images Takes Gift Cards Again

Posted: March 7, 2008 at 5:23 am

When Sharper Image's sales fell so low that it could not make its debt service, the retailer filed for Chapter 11. Part of its cost cutting was a decision to ...
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Consumer Confidence Crashes

Posted: March 7, 2008 at 5:18 am

One of the key measures of consumer confidence fell through the floor. The RBC Cash Index dropped to 33.1 in early March, down from 48.5 in February.The figure was the ...
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NYSE Short Interest Hits Record Led By Huge Increases In Financials

Posted: March 7, 2008 at 4:02 am

The short interest on the NYSE hit an all-time record for the period ending February 29. Figures by company compare to shares sold short on Ferbruary 15. Financial firms had ...
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Media Digest 3/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 7, 2008 at 3:40 am

According to Reuters, falling home prices could keep buyers on the sidelines until they see a bottom.Reuters writes that a Microsoft (MSFT) deal with Yahoo! (YHOO) could hurt Google (GOOG) ...
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Asia Markets 3/7/2007 (SNE)(CHL)(PTR)

Posted: March 7, 2008 at 3:19 am

Market is Asia were down sharply. The Nikkei fell 3.3% to 12,783. Honda (HMC) was down 4.2% to 2990. Sony (SNE) was down 5.1% to 4610. The Hang Seng was ...
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