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Daily Archives: October 20, 2008

Top Pre-Market Analyst Downgrades (CENT, HELE, INTC, LBY, MET, MNST, POZN, PRU)

Posted: October 20, 2008 at 6:48 am

These are some of the top analyst downgrades we are seeing early this Monday morning:Central Garden & Pet (CENT) Cut to Underperform at Jefferies.Helen of Troy (HELE) Cut to Hold ...
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Low On Cash For Chrysler Merger, GM (GM) Can Turn To Fed

Posted: October 20, 2008 at 5:45 am

There is an arcane rule in the Federal Reserve charter that allows it to provide funding to organizations outside the banking system. It is buried under dust and cob webs ...
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Bank Accounting: Moving The Goal Posts

Posted: October 20, 2008 at 5:18 am

How often do companies get to defy the rules of GAAP? The answer is almost never. Accountants defend it like they would the Holy Grail, if they could find it. ...
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As Display Advertising Spreads, Problem Goes Beyond Yahoo! (YHOO)

Posted: October 20, 2008 at 5:01 am

Almost every man, woman, and child in America knows that Yahoo! (YHOO) is going to have to cut costs. There has been evidence for sometime that internet display advertising, which ...
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Circuit City (CC): A Chapter 11 Or Just Massive Cuts?

Posted: October 20, 2008 at 4:43 am

The Wall Street Journal reports that Circuit City (CC) is finally addressing just how desperate its situation is. The company is reportedly considering a plan to close 150 stores and ...
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China

China: When 9% GDP Growth Is A Recession

Posted: October 20, 2008 at 4:37 am

China's big stock index, the Shanghai Composite, has fallen from a 52-week high of over 6,000 to 1,974. Idiot math would say that is equivalent to the DJIA trading at ...
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Media Digest 10/20/2008

Posted: October 20, 2008 at 2:49 am

According to Reuters, a number of retailers are cutting back holiday hiring as they anticipate lower sales.Reuters reports that GM's (GM) interest in Chrysler's cash is helping move a merger ...
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Asia Markets And Europe Open 10/20/2008

Posted: October 20, 2008 at 2:15 am

Markets in Asia were sharply higher. The Nikkei rose 3.6% to 9,006. The Hang Seng was up 5.7% to 15,385. The Shanghai Composite was up 2.3% to 1,974.In Europe, the ...
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