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Daily Archives: September 12, 2008

Sad_clown

The 52-Week Low Club 9/12/2008 (AIG)(MER)(LEH)(PDGI)

Posted: September 12, 2008 at 2:56 pm

American International Group (AIG) Market worries that balance sheet is tearing to pieces. Down to $11.49 from 52-week high of $70.13.Lehman Brothers (LEH) Going out of business sale. Drops to ...
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Ge_large

GE (GE) Down 6%: Nothing Is Sacred

Posted: September 12, 2008 at 1:06 pm

Wall St. might make the argument that GE (GE) has more exposure to the credit markets than most huge companies because of its financial division. But, the current hammering of ...
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Aig

Wall St. Turns On AIG (AIG): Time’s Up

Posted: September 12, 2008 at 11:49 am

AIG (AIG) as taken its turn in the penalty box today, joining Washington Mutual (WM), Lehman (LEH), and Merrill Lynch (MER).After after three quarters of significant write-offs, AIG is down ...
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Thousands & Thousands of Financial Jobs At Risk (AIG, WM, LEH, MER, C)

Posted: September 12, 2008 at 9:36 am

There are hundreds of thousands of jobs at stake if the current trends continue in the financial services sector.  When you tally up the employment just at five troubled firms ...
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Angrybear

24/7 Wall St. Most Overpaid CEO Of The Day: PharmaNet Development (PGDI) CEO Jeffrey P. McMullen

Posted: September 12, 2008 at 8:45 am

PharmaNet Development (PDGI), a clinical services company, lowered its 2008 forecast for the second time, projecting a loss of 25 cents to 58 cents per share on $358 million to ...
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Tx00338coilwellgusherodessatexasp_2

Are Refiners Coming Back? (VLO, MRO, TSO, RDS, XOM)

Posted: September 12, 2008 at 8:18 am

Oil refiners have had a very tough year. Since January, Marathon's (NYSE:MRO) stock is off nearly 30%, Valero (NYSE:VLO) has plunged more than 50%, and Tesoro (NYSE:TSO) is off more ...
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Lehman_logo

Former Fed Official: Let Lehman (LEH) Rot

Posted: September 12, 2008 at 7:59 am

Whatever sympathy there might have been for Lehman (LEH) is quickly slipping away. The calls for the federal government to stay out of the matter and let the investment firm ...
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IT Outsourcing Income Altered By Dollar (Strength)? (INFY, SAY, WIT)

Posted: September 12, 2008 at 7:48 am

There may be an interesting trend in the IT outsourcing game, and one that will seem counter-intuitive if you have witnessed the currency trends and jobs migration trends since 2002.  ...
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Top Pre-Market Analyst Upgrades (DBD, FFIV, FSLR, GILD, GHL, WM)

Posted: September 12, 2008 at 6:28 am

There are surprisingly few analyst calls today, but these are some of the top positive calls and upgrades with more than two hours to the market open: Diebold (DBD) Raised ...
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Top Pre-Market Analyst Downgrades (DHR, LEH, QSII, SONC, SPWR)

Posted: September 12, 2008 at 6:26 am

There are surprisingly few analyst calls today, but these are some of the top calls we have seen as downgrades with more than two hours to the market open: Danaher ...
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Ford1

Emerging Markets Help Ford (F) And GM (GM) Get Their Loans

Posted: September 12, 2008 at 5:24 am

The premise for Detroit going to Washington for $50 billion in loan guarantees is that the auto industry needs cheap money to retool factories that can build more fuel-efficient cars. ...
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Wamu

Auctioning Off WaMu (WM)

Posted: September 12, 2008 at 5:02 am

No one in his right mind wants to buy Washington Mutual (WM), but it does have some juicy pieces which would make nice additions at several other large financial firms. ...
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China

China’s Own Little Recession: The New Normal

Posted: September 12, 2008 at 4:35 am

The Western concept of recession is flawed. Two quarters of negative GDP growth and there it is. That notion is based on economies that have a normal state of growth ...
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Newspaper

Media Digest 9/12/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 12, 2008 at 2:48 am

According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss reserve.Reuters says that concerns about Lehman (LEH) spread to Merrill ...
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Jap

Asia Markets 9/12/2008 (PTR)

Posted: September 12, 2008 at 2:22 am

Markets in Asia were modestly higher.The Nikkei rose .9% to 12,215. ANA rose 1.9% to 377. The Hang Seng rose .3% to 19,439. BOC Hong Kong dropped on a Goldman ...
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