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Daily Archives: July 6, 2008

GE’s (GE) Earnings, Immelt, And Jack’s Ghost

Posted: July 6, 2008 at 8:14 pm

For reasons that are impossible to explain, much of the mythology of the late 20th Century American CEO was placed Atlas-like on the shoulders of John Francis Welch, GE’s head ...
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OPEC: India And China Will Keep Oil High

Posted: July 6, 2008 at 5:47 pm

OPEC would still like its critics to believe that the level of its supply of oil to the world has nothing to do with crude prices. OPEC President Chakib Khelil ...
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The 24/7 Wall St. Bankruptcy Odds Watch II (AMR)(UAUA)(NWA)(GHS)(DAL)(LHS)(LEH)(CAL)(WB)(F)(MNI)(AIG)

Posted: July 6, 2008 at 6:11 am

There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent ...
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Google (GOOG): The Failure Of YouTube

Posted: July 6, 2008 at 5:34 am

By Google's (GOOG) standards, YouTube was not a terribly expensive acquisition. The search company's market cap is about $170 billion. It paid less than 1% of that for the world's ...
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Citigroup (C): Another $8 Billion In Write-Offs

Posted: July 6, 2008 at 4:23 am

Citigroup (C) may be facing another $8 billion in write-downs in the second quarter. It may also cut 18,000 people soon and have to raise more capital. According to The ...
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