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Daily Archives: September 15, 2008

Aig_3

AIG (AIG): A Bridge Loan To Nowhere

Posted: September 15, 2008 at 7:56 pm

AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New ...
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Jap

Japanese Markets Open Down Almost 5%

Posted: September 15, 2008 at 7:26 pm

Markets in Japan fell sharply at the open. According to MarketWatch, Japan's Nikkei 225 dipped 4.5% in early trading. The Topix index shed 4.7%. In South Korea, the Kopsi plunged ...
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Unemply

As Financial Markets Collapse, Small Business Faces Funding Challenges

Posted: September 15, 2008 at 7:20 pm

The collapse of the stock market, particularly shares in large financial companies, will have immediate effects on small businesses. Now that it is clear the the government will not help ...
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Goog

Google (GOOG) Begins To Dominate Wireless Search

Posted: September 15, 2008 at 7:02 pm

With Google (GOOG) holding a 70% share of the PC-based online search market in the US and a similar amount in most EU countries, the best hope that Yahoo! (YHOO) ...
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FOMC Alert: Traders Now Looking At Possible Rate Cuts

Posted: September 15, 2008 at 6:27 pm

Today wasn't just a bad day for financial stocks and for the markets in general.  It may have been a real game changer.  But interestingly enough, there is now roughly ...
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Pc

A Relentless Day For Bad News: Hewlett-Packard (HPQ) To Cut 25,000

Posted: September 15, 2008 at 4:47 pm

After a savage day in which one Wall St. firm closed and another was sold, perhaps there might have been an evening's respite. Lehman (LEH) has more than 25,000 employees, ...
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Market Wipes Out Merrill Lynch (MER) Buyout Gains, Tomorrow Looks Worse

Posted: September 15, 2008 at 3:10 pm

At one point Merrill Lynch (MER) was up to $22.68 because of Bank of America's (BAC) buyout offer of $50 billion. Merrill closed at $17.05 on Friday.Wall St. is now ...
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Sad_clown

The 52-Week Low Club 9/15/2008 (LEH)(AIG)(ACLS)(ESLR)(GE)

Posted: September 15, 2008 at 2:55 pm

Lehman (LEH) is bankrupt. Its stock plunged to $.15 from $67.73.AIG (AIG) fears that it will be the next to fail. It drops to $3.50 from a 52-week high of ...
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Can Goldman Sachs & Morgan Stanley Earnings Save Financials? (GS, MS)

Posted: September 15, 2008 at 2:39 pm

This week seems to be unprecedented for the financial powerhouses and bulge bracket brokerage firms.  While Merrill Lynch had to throw in the towel and become a Bank of America ...
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Aig_logo

Is Warren Buffett Buying AIG? (AIG, BRK/A, BRK/B)

Posted: September 15, 2008 at 11:47 am

Covering financial stocks on a day like today is sort of like watching the Chinese ping pong championship.  It's all action, happens faster than most can see, and no one ...
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Aig_2

AIG (AIG) Down 70%, Ready To Fold

Posted: September 15, 2008 at 10:30 am

AIG (AIG) plans to sell its auto insurance unit, annuity operations, and aircraft leasing division. It sounds a lot like Lehman's (LEH) plan to spin-off its commercial real estate pool ...
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Vix_30

VIX Hits 30, Traders Respond

Posted: September 15, 2008 at 9:55 am

We won't bother telling you the news today that caused the market tank before the open.  The brokerage failure of Lehman and the buyout of Merrill Lynch causing Bank of ...
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Updated Energy Production Outages From Hurricane Ike (XOM, CVX, COP, KMP, TPP, EPD, DO)

Posted: September 15, 2008 at 9:33 am

The effects of Hurricane Ike on the Gulf Coast are still being sorted out, but, so far reported infrastructure damage is light. That may change as producers, refiners, and pipeline ...
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Medarex & Bristol-Myers Show Positive Metastatic Melanoma Data (BMY, MEDX)

Posted: September 15, 2008 at 9:26 am

There is some very hopeful data out there this morning on cancer survival.  Bristol-Myers Squibb Co. (NYSE: BMY) and Medarex, Inc. (NASDAQ: MEDX) have released updated survival data from three ...
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GE (GE) Shares Jammed Down On Credit Risk

Posted: September 15, 2008 at 8:57 am

A lot of traders think that GE's (GE) financial results will be badly damaged by trouble at its GE Capital unit. The worry has the conglomerate's stock trading at $24.70, ...
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