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Daily Archives: May 14, 2008

CPI Looks Great, Just Avoid Gas Stations and Grocery Stores

Posted: May 14, 2008 at 7:54 am

April CPI was released from the Labor Department with a nominal rate of +0.2% and a core rate of +0.1%.  According to Bloomberg estimates, those expectations were +0.3% on nominal ...
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US Food Price Inflation Gets Out Of Hand

Posted: May 14, 2008 at 7:52 am

The cost of food in the US was up .9% last month, the highest increase in 18 years. The news reinforces the concern that the rising price of agricultural commodities ...
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Fluor Adds Wind To Its Pocket (FLR, SI, RDS.A)

Posted: May 14, 2008 at 7:28 am

Fluor Corporation (NYSE:FLR) won a contract from Scottish & Southern Energy to construct a 500 MW wind farm, the world's largest, off the coast of Suffolk in the UK. Fluor ...
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Annaly Taps Capital (NLY)

Posted: May 14, 2008 at 6:47 am

Annaly Capital Management, Inc. (NYSE: NLY) has priced its public secondary stock offering of 60 million shares of common stock at $16.15 per share.  The gross proceeds are about $969.0 ...
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Top 10 Pre-Market Analyst Calls (ADCT, ALXN, ANAD, CCJ, ENR, GENZ, IPI, IVZ, SPLS, JAVA)

Posted: May 14, 2008 at 6:28 am

These are some of the top analyst calls we are looking at this Wednesday morning:ADC Telecom (NASDAQ: ADCT) raised to Buy from Hold at Jefferies.Alexion Pharma (NASDAQ: ALXN) started as ...
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Social Networks Don’t Work For Advertisers: Web 2.0 Is A Bust (GOOG)(TWX)(NWS)

Posted: May 14, 2008 at 5:46 am

Perhaps someone could have figured this out a year ago, Social networks like MySpace, owned by News Corp (NWS) and Facebook are poor targets for marketers.No wonder. A social network ...
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Sony (SNE): WSJ Sees Good Earnings, NYT Sees Bad

Posted: May 14, 2008 at 5:29 am

Somewhere between The Wall Street Journal and The New York Times, the signals got crossed. After Sony's earnings announcement, Rupert Murdoch's paper ran a headline saying "PC, Camera, Flat-Screen Sales ...
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Wal-Mart (WMT): Defender Of Small Children

Posted: May 14, 2008 at 5:15 am

Wal-Mart (WMT) is setting up standards for toy makers which are much tougher than those issued by the Feds. It wants its customers to know that is it cracking down, ...
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Food Prices Hurt Mortgage Repayment Rates

Posted: May 14, 2008 at 5:00 am

Food or a roof over your head? Without food people die. Without a home, they just get wet and cold.The rising prices of commodities like wheat, corn, and rice is ...
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Tax Rebates Can’t Rescue The Economy

Posted: May 14, 2008 at 4:48 am

For someone who buys 600 gallons of gas at a price per gallon which is $1 higher than it was last year, a $600 federal tax rebate is not much ...
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The Rich On Wall St. About To Become Poor, Sort Of

Posted: May 14, 2008 at 4:38 am

Wall St. bonuses will be down sharply in 2008. One would hope so. Management at the lower tip of Manhattan has cost investors hundreds of billion of dollars in lost ...
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Food Prices High Through 2010

Posted: May 14, 2008 at 4:29 am

Usually the White House does what it can to hide bad news. It is rule of politics never to admit troubling information. Hurts the party and national morale.Odd then, that ...
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MBIA (MBI) and Ambac (ABK) May Lose Inflated Credit Ratings

Posted: May 14, 2008 at 4:20 am

Anyone who does not think that insurance regulators have done what they can to keep credit ratings high at Ambac (ABK) and MBIA (MBI) is a chump. With their tremendous ...
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Media Digest 5/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 14, 2008 at 2:53 am

According to Reuters, lenders and Clear Channel (CCU) have reached an agreement for an LBO of the company.Reuters writes that Carl Icahn may mount a proxy fight for control of ...
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Asia Market 5/14/2008 (DCM)(SNE)(CHL)(SNP)

Posted: May 14, 2008 at 2:30 am

Markets in Asia were mixed with most indexes up.The Nikkei rose 1,2% to 14,119.' Docomo (DCM) was 2.6% to 159000.Sony (SNE) was up 1.3% to 4850. Yahoo Japan was up ...
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