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Monthly Archives: September 2008

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Europe Markets Take On Water, US Plan Not Enough

Posted: September 29, 2008 at 4:35 am

The bailout plan proposed by Treasury and likely to pass Congress this week has not been nearly enough to calm world markets. The Heng Seng fell over 4%.In Europe, at ...
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Newspaper

Media Digest 9/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 29, 2008 at 2:53 am

According to Reuters, Congress is ready to vote on a $700 billion financial bailout package.Reuters reports that Belgian-Dutch group Fortis was nationalizedReuters reports that British mortgage lender Bradford & Bingley ...
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China

Asia Markets 9/29/2008

Posted: September 29, 2008 at 2:23 am

Asia markets fell on concerns that the US federal bailout may be too little, too late.The Nikkei was off 1.3% to 11,744. Toyota (TM) fell over 3% on concerns about ...
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As Wachovia (WB) And Fortis Falter: The Bailout Will Have Been Too Little

Posted: September 28, 2008 at 6:01 pm

Two European financial firms fell apart during the last 24 hours. The U.K. government said that mortgage bank Bradford & Bingley is being nationalized after investors and lenders lost confidence ...
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Banks Wait To Screw Wachovia (WB) Shareholders

Posted: September 28, 2008 at 7:30 am

Banks and investment banks who watched Bear Stearns, Washington Mutual, and Lehman go down in flames have learned a lesson. Bank of America (BAC) moved too fast to buy Merrill ...
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Goog

Wall St. Turns On Google (GOOG)

Posted: September 28, 2008 at 7:10 am

The perverse view of Google (GOOG) as a "recession proof" company has already been given lie by the firm's share price. Last week, the stock got as low as $421, ...
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Newspaper

UK Financial News Wrap: FT, Times, Telegraph, Observer

Posted: September 28, 2008 at 6:57 am

According to The Times of London, the Treasury is poised today to nationalize Bradford & Bingley, the troubled mortgage bank.The Times also reports that hedge funds and institutions could be ...
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Apple (AAPL): Unlocking The iPhone, Hammering It Partners

Posted: September 28, 2008 at 6:43 am

Apple (AAPL) has begun the process of "unlocking" its new 3G iPhone, a move that caused controversy with the earlier version of the handset.The unlocked phone can be used on ...
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Treasury

Bailout Deal Looks Done

Posted: September 28, 2008 at 5:25 am

The bailout may be done. According to The Wall Street Journal, "U.S. lawmakers said a tentative deal has been reached to bailout the troubled financial system. Treasury Secretary Henry Paulson ...
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Burningmoney

Worst Performing Bank Stocks (DSL, FED, CORS, GRAN, NCC, BKUNA, VNBC)

Posted: September 27, 2008 at 6:46 am

The carnage and fallout from the Washington Mutual (NYSE: WM) failure on Friday was broad-based and very ruthless in the banking sector.  Most companies had no news, yet speculation of ...
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Research in Motion Loses Its Analyst Fans (RIMM)

Posted: September 27, 2008 at 5:46 am

Research in Motion Ltd. (NASDAQ: RIMM) had a really bad week.  In fact, the huge drop seen Friday broke so far under the prior 52-week low of $80.20 that you ...
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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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Sad_clown

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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