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Daily Archives: October 8, 2008

Ford1

Citigroup Cuts Ford (F) And GM (GM) To “Sell”

Posted: October 8, 2008 at 6:14 am

After months of suffering indignities and falling sales, Citigroup cut shares in Ford (F) and GM (GM) to sell. It dropped it price target for Ford to $2.50 and GM's ...
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Goog

Google (GOOG) Tries To Make Money On YouTube, Again (AAPL)(AMZN)

Posted: October 8, 2008 at 5:40 am

Google (GOOG) may never make money on its $1.65 billion purchase of YouTube. Selling advertising next to all of that low-resolution video of people beating their dogs and dancing drunk ...
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R218533_855025

Pfizer’s (PFE) Little White Lie

Posted: October 8, 2008 at 5:30 am

US drug companies have a habit of misleading consumers and even physicians. It is a game they have played for decades. Usually they do not get caught. When they do ...
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Money_stack_pic_2

What A CDS Exchange Means To Debt Issuers & To You

Posted: October 8, 2008 at 5:14 am

There has been talk of creating a central exchange and clearing mechanism for the widely unknown and illiquid Credit Default Swaps, and now that talk has materialized into an actual ...
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China

Will China Save The US Financial System

Posted: October 8, 2008 at 5:11 am

When it comes to the potential failure of the US economy and banking system, China has an especially large dog in the fight. The central government and a number of ...
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Fed

The Stock Market In The Emergency Room, The Fed Cutting Rates To A Negative 2%

Posted: October 8, 2008 at 4:59 am

Physicians who spend time in emergency rooms are trained to work on the patient and separate themselves from his pain. Doctors have learned that they must diagnose and solve problems ...
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Data

Why Do Citigroup (C) And Well Fargo (WFC) Want Wachovia (WB)

Posted: October 8, 2008 at 4:43 am

Vikram Pandit, CEO of Citigroup (C), should be so lucky as to have Wells Fargo (WFC) steal the buyout of Wachovia (WB) from him. Citi has gone into court asking ...
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Brit

As UK Nationalizes Banks, US May Follow (MS)(BAC)(BCS)(HBC)

Posted: October 8, 2008 at 4:28 am

The UK has begun a partial nationalization of its major banks. The move may well include some of Britain's largest financial firms such as Barclays (BCS) and HSBC (HBC). The ...
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Newspaper

Media Digest 10/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 8, 2008 at 2:48 am

According to Reuters, US markets fell to five-year lows.Reuters writes that Wells Fargo (WFC) could end up with over 75% of Wachovia;s (WB) deposits.Reuters reports that Morgan Stanley's (MS) deal ...
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Jap

Asia Market 10/8/2008 Nikkei Falls 9%

Posted: October 8, 2008 at 2:18 am

Asia markets fell with some down 7% of moreThe Nikkei dropped 9.4% to 9,203. Honda (HMC) fell over 10%. Nippon Steel lost 11.9 %. Mizuho Financial Group fell almost 8%.The ...
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