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Daily Archives: October 10, 2008

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Goldman Sachs Files To Raise Cash (GS)

Posted: October 10, 2008 at 4:36 pm

It has long been thought that Goldman Sachs Group Inc. (NYSE: GS) was going to escape this credit crisis mostly unscathed and that the firm would never have capital issues.  ...
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Margin Calls Wipe Out Chesapeake CEO Holdings (CHK)

Posted: October 10, 2008 at 4:15 pm

If there has been one manager that has made serious cash on his investments in his own company's stock, it is Aubrey McClendon of Chesapeake Energy Corporation (NYSE: CHK).  But ...
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10/10/08: A Rally For The Ages

Posted: October 10, 2008 at 3:12 pm

There was absolutely no reason for the market to rally today. At one point the Dow was down 700 points. Investors have watched the decimation of the indexes all week ...
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Alec Baldwin’s professional opinion of the market

Posted: October 10, 2008 at 1:04 pm

Saturday Night Live's take on the health of your portfolio and what you should do about it, circa dotcom crash, 2001 (more...) ...
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Ford’s CFO Walking The Plank (F)

Posted: October 10, 2008 at 11:45 am

In the climate of today, this may come as no real surprise.  Ford Motor Company (NYSE: F) has announced that CFO Don Leclair will retire November 1.  He will be ...
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S&P: Watch Out For Chapter 11 At Ford (F) And GM (GM)

Posted: October 10, 2008 at 11:02 am

Yesterday JD Power said that the global car market could "collapse" and GM (GM) fell 31%. Today S&P is saying that "General Motors Corp., Ford Motor Co. and Chrysler LLC ...
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Transocean Taking Taxes To Switzerland From Cayman (RIG)

Posted: October 10, 2008 at 10:59 am

Transocean Inc. (NYSE:RIG), one of the world's largest offshore drilling companies, is proposing to move its incorporation location from the Cayman Islands to Switzerland. To make the move, the company ...
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Chevron, The Economic Mess, and Tumbling Oil (CVX)

Posted: October 10, 2008 at 10:49 am

Yesterday's interim update report from Chevron (NYSE:CVX) came out pretty much as we expected. The company projects significant improvement in downstream earnings and a drop in upstream earnings. Hurricanes in ...
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Market Holidays Challenging Morgan Stanley Financing (MS, MTU)

Posted: October 10, 2008 at 8:57 am

This highly anticipated deal to fund Morgan Stanley (NYSE: MS) with $9 billion from Japan's largest bank, Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU), cannot come fast enough.  Both sides ...
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OPEC’s Chance To Kick The West While It’s Down

Posted: October 10, 2008 at 8:31 am

OPEC ministers have moved up the date of their annual Christmas meeting. This year they will be together for Thanksgiving. Odds are excellent that they may move that gathering up ...
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Beacon Power Secures Additional Financing (BCON)

Posted: October 10, 2008 at 7:58 am

Beacon Power Corporation (NASDAQ: BCON) has received an investment commitment to fund ongoing operations and for further development.  This will help to assist in the completion of manufacturing of flywheel ...
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IBM Shows Credit Markets Aren’t Entirely Closed (IBM)

Posted: October 10, 2008 at 7:37 am

IBM (NYSE: IBM) is showing that some companies can still raise cash in these troubled times.  Big Blue is selling $4 billion in debt in a multiple maturity offering.  The ...
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Top Pre-Market Analyst Downgrades (EYE, CRL, LLY, ESLR, INTC, SPWRA)

Posted: October 10, 2008 at 7:05 am

These are some of the top pre-market analyst downgrades we are seeing this Friday morning:Advanced Medical Optics (EYE) Cut to Underperform at Jefferies.Charles River (CRL) Cut to Market Perform at ...
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Top Pre-Market Analyst Upgrades (BXP, DWA, DUK, MET, MTB, PRXL, POR, PFG, PSA, UDR)

Posted: October 10, 2008 at 7:02 am

These are some of the top pre-market analyst calls we are seeing this Friday morning:Boston Properties (BXP) Raised to Outperform at FBR.DreamWorks Animation (DWA) Raised to Buy at Jefferies.Duke Energy ...
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Hard Times, But GE Looks Like a Safe Harbor (GE)

Posted: October 10, 2008 at 5:55 am

General Electric Co. (NYSE: GE) has posted its awaited earnings report and the giant conglomerate posted earnings of $0.45 and revenue of $47.2 billion.  First Call had earnings of $0.45 ...
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