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Daily Archives: September 23, 2008

Airproducts_logo

Air Products Stumbles On The Way To Home (APD)

Posted: September 23, 2008 at 8:09 am

Air Products & Chemicals Inc. (NYSE: APD) has lowered its guidance for the quarter.  The company now sees its earnings in a range of $1.24 to $1.26 per share, below ...
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R218533_855025

Putting The Bailout On Hold

Posted: September 23, 2008 at 8:06 am

So far, Congress has not shown any inclination to buy into the Paulson-Bernanke proposal to give the Treasury a clean piece of legislation so that it can purchase up to ...
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Unisys_logo

Unisys Looking For New Turnaround CEO (UIS)

Posted: September 23, 2008 at 7:45 am

Unisys Corp. (NYSE: UIS) is going to be back in the same boat it was in before its current management tried to turn this ship around.  CEO Joe McGrath, who ...
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Centerpoint_logo

CenterPoint Outlines Its Own Hurricane Ike Costs (CNP)

Posted: September 23, 2008 at 7:27 am

CenterPoint Energy Inc. (NYSE: CNP) has come out this morning with a filing to show its expected costs for restoring power and from outages in the Houston-Galveston area as a ...
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Early Bird Analyst Upgrades (NLY, ATML, DWA, NVS, PRM, SSCC, SNWL)

Posted: September 23, 2008 at 6:06 am

These are not all of the upgrades and positive analyst calls on Wall Street this morning, but these are the ones we are focusing on early this Tuesday morning:Annaly Capital ...
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Early Bird Analyst Downgrades (CHS, FIG, GE, MPEL, MTB, SNY, SLGN, STM, STI)

Posted: September 23, 2008 at 6:03 am

These are not all of the downgrades or negative analyst calls affecting stocks this Tuesday, but these are some of the highlights we have seen with over 2 and a ...
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Circuitcity

Circuit City (CC) Falls Off The Earth As CEO Leaves

Posted: September 23, 2008 at 5:35 am

Circuit City (CC) sacked the CEO who ran the company for the past four years. Philip Schoonover held every important job at the retailer from chairman to CEO to president. ...
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Ford1

Car Companies Want In On Rescue Plan (GM)(F)

Posted: September 23, 2008 at 5:16 am

The financial system is looking for a form of what theologians call "universal salvation". What began as a simple piece of legislation to get $700 billion into the banking industry ...
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Fed

Now Anyone Can Own A Bank, A De Facto Win For Sovereign Interests (BAC)(C)(WB)(WFC)

Posted: September 23, 2008 at 4:47 am

T. Boone Pickens can get out of the alternative energy business. Under new regulations, he is allowed to buy Citigroup (C) or Bank of America (BAC). The Fed has decided ...
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Unemply

In A Moment Of Optimism Retailers Say Holiday Sales Will Be Bad (WMT)(SHLD)(CC)

Posted: September 23, 2008 at 4:11 am

Hope is a fine human emotion until it moves to lunacy. A psychosis of optimism has seized the retail industry. The National Retail Federation says that sales will rise only ...
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Newspaper

Media Digest 9/23/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 23, 2008 at 2:51 am

According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments. Reuters writes that the National Retail Federation says that this ...
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China

Asia Markets 9/23/2008 (PTR)(SNP)

Posted: September 23, 2008 at 2:07 am

Markets in Asia were down. The Nikkei was closed for a holiday.The Hang Seng fell 3% to 19,038. Sinopec (SNP) was down 4% and Petrochina (PTR) was off over 2%.The ...
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