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Daily Archives: September 26, 2008

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Citi-chovia or WaCiti (C, WB)

Posted: September 26, 2008 at 3:12 pm

The rumor mill and the deal-making mill might not be dead.  The New York Times' DealBook noted that Citigroup Inc. (NYSE:C) and Wachovia Corporation (NYSE: WB) were in early merger ...
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The 52-Week 9/26/2008 (MRVL)(RIMM)(WM)(JAVA)(SFD)(NCC)

Posted: September 26, 2008 at 2:40 pm

Washington Mutual (WM) Shut down by feds. Drops to $.148 from 52-week high of $26.47.Smithfield Foods (SFD) Credit concerns. Sells down to $13.95 from 52-week high of $32.26.Sun (JAVA) Company ...
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Fortress Files For $1 Billion Securities Shelf (FIG)

Posted: September 26, 2008 at 2:10 pm

Fortress Investment Group, LLC (NYSE: FIG) has filed a shelf registration to offer as much as $1 billion in mixed securities.  It lists Class A shares, preferred shares, depository shares, ...
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Warren Buffett Helping AIG Unit (AIG, BRK-A)

Posted: September 26, 2008 at 1:19 pm

There was an announcement this morning from Lexington Insurance Company, a unit of American International Group (NYSE: AIG).  The unit has said that effective September 15, 2008 it has arranged ...
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Is Everything Really Quiet in the Oil Patch? (XOM, CVX, CVP, APA, DVN, APC)

Posted: September 26, 2008 at 1:02 pm

The ups and downs of the government's attempts to get a bailout package for financial institutions is leading the major players in the oil patch to remain really quiet. Given ...
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Pc

Weak Techs Fade As Economy Heads To Toilet (AMD)(JAVA)(EMC)(HPQ)(IBM)(VMW)

Posted: September 26, 2008 at 10:49 am

Joe Tucci, the CEO of EMC (EMC), has done his best to ruin his company and its spin-out VMWare (VMW). VMWare has the look and feel of a public firm ...
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Sick Twist of Fate, Citigroup’s Model Was Right (C, JPM, WM, GS, MS, WB, BAC, MER)

Posted: September 26, 2008 at 8:49 am

There is one interesting irony in this whole financial meltdown which goes which many will not want to admit.  Citigroup Inc. (NYSE:C) and the financial supermarket model may actually be ...
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Time Has Run Out For Apple (AAPL)

Posted: September 26, 2008 at 8:10 am

Apple's (AAPL) stock got poleaxed by results from smartphone company Research-In-Motion (RIMM) which said its costs were going up and hinted that its growth might slow. Component and marketing expenses ...
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KB Home Shows Poor Housing To Continue (KBH)

Posted: September 26, 2008 at 7:28 am

KB Home (NYSE: KBH) is showing that the housing mess isn't over.  No one was expecting anything great, but the beatings are continuing.  Revenue fell 56% to $681.6 million, and ...
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Top Analyst Upgrades & Downgrades (ANR, BJS, DL, RIMM, AGU, CF, MNT, POT, TRA)

Posted: September 26, 2008 at 6:43 am

There are actually very few analyst calls this morning and some of these may even be carry-over calls from late yesterday:Alpha Natural Resources (ANR) raised to buy at UBS.BJ Services ...
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Customers Cut Out On Morgan Stanley (MS)

Posted: September 26, 2008 at 5:37 am

Morgan Stanley (MS) is starting to have some of the problems that hurt Lehman.According to the FT, "Morgan Stanley lost close to a third of assets in its prime brokerage ...
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GM (GM): Luck Runs Low In China

Posted: September 26, 2008 at 5:28 am

Up until recently there has been a horse race for who is the largest seller of cars in China. GM (GM) and VW traded places from quarter to quarter. Unfortunately ...
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Angrybear

RIM (RIMM) Blackberry: Cheap Products Get Expensive

Posted: September 26, 2008 at 5:05 am

RIM (RIMM) Blackberry handheld e-mail devices really do not cost much. Purchased with a wireless subscription plan they may go for as little as $200. Corporations love the product because ...
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Fed

Fed Loans $188 Billion A Day: Who Needs Bailout?

Posted: September 26, 2008 at 4:41 am

The Fed has been loaning banks and money managers an average of $188 billion a day over the last week. That is four times what the sum averaged a week ...
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Wamu

Why Washington Mutual (WM) Does Not Matter

Posted: September 26, 2008 at 4:16 am

Washington Mutual (WM) failed yesterday and most of its assets where sold to JP Morgan (JPM). The price was $1.8 billion. JPM will have to write down $31 billion in ...
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