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Daily Archives: October 28, 2008

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Martha Comes Up Short (MSO)

Posted: October 28, 2008 at 7:59 am

Martha Stewart Living Omnimedia, Inc. (NYSE: MSO) posted a net loss at -$0.07 EPS and said that excluding certain restructuring corporate expenses it would have seen a loss of -$0.01 ...
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Valero Set To Win In New Pricing Environment (VLO)

Posted: October 28, 2008 at 7:45 am

Valero Energy Corp. (NYSE: VLO) looks set to surge after the refinery giant posted earnings.  The company posted $1.86 EPS from continuing operations, which may have some questionable numbers because ...
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Early Bird Analyst Upgrades & Downgrades (CHA, CHH, CMCSA, GOOG, ID, PAS, ACF, ERIC, NCC, NWS, NOK, PCTI, RAH, SHW)

Posted: October 28, 2008 at 6:37 am

These are some of the top pre-market analyst upgrades and downgrades we are seeing from Wall Street firms this Tuesday morning with more than two hours to the open:China Telecom ...
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VW: Largest Market Cap In The World (TM)(F)(GM)(XOM)

Posted: October 28, 2008 at 6:35 am

In a sign that the car industry is alive and well, the market cap of VW passed Exxon (XOM) to move it into first place worldwide.According to Bloomberg, the stock ...
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UBS Ditches Solar Stocks (ENER, ESLR, SOLR, SPWRA)

Posted: October 28, 2008 at 6:29 am

UBS is issuing a downgrade on many of the solar stocks this morning.  While this call may be late, it does echo some of the issues brought up recently which ...
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Is Goldman Sachs As Smart As Everyone Thinks? (GS, C, MS, NTRS, STI, USB)

Posted: October 28, 2008 at 6:04 am

Sometimes there is just lunacy written about financial companies, and sometimes there is lunacy inside of financial companies.  Forget about the argument that there are usually both for a minute.  ...
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Financial Crisis Cost Moves Toward $25 Trillion

Posted: October 28, 2008 at 5:21 am

No one with an abacus, a calculator, or a mainframe will ever know what the global credit crisis has cost in real money. Lost jobs means lost tax revenue. Lost ...
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Google (GOOG) Burns More Money To Save The World

Posted: October 28, 2008 at 4:56 am

Leaving aside its huge and immensely profitable search business, Google (GOOG) has managed to lose money in almost every other business it has started or bought. YouTube is probably at ...
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Fed

Government Puts More Capital Into Banks: More Failure Of Tickle Down Theory

Posted: October 28, 2008 at 4:37 am

The large money center banks never planned to take the money they are getting from the government to make loans. The equity investments will be used to shore up capital, ...
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Boeing (BA) Settles With Unions: All That Wasted Time

Posted: October 28, 2008 at 4:21 am

Moving into the pit of a recession, Boeing (BA) executives managed to prolong a strike with the company's machinists for seven weeks before reaching an four-year accord. Management almost certainly ...
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Bolshevicks Seize Detroit (GM)(F)(TM)

Posted: October 28, 2008 at 3:24 am

As far as anyone can prove, Henry Ford and Alfred Sloan were not members of the Communist Party. Neither one of them was asked to testify before the House Committee ...
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Magazine Business Starts To Follow Newspapers Down The Tank (NYT)(WPO)(GCI)(MHP)(TWX)

Posted: October 28, 2008 at 3:17 am

There are no Wall Street analysts who believe that newspapers will recover from the ongoing financial crisis. Publishers have argued that housing, employment, and car markets were the cause of ...
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Media Digest 10/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 28, 2008 at 2:46 am

According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger.Reuters reports that  Boeing (BA) and its machinists have entered into a tentative ...
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Asia Markets 10/28/2008 Big Move Up (HMC)(HBC)

Posted: October 28, 2008 at 2:19 am

Markets in Asia rose sharply.The Nikkei was up 6.4% to 7,622. Honda (HMC) was up on a falling yen. Mitsubishi UFJ Financial due to concerns it will raise over $10 ...
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