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Daily Archives: October 30, 2008

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Tesoro Emanates Trends of Refiners (TSO)

Posted: October 30, 2008 at 7:57 am

After the market closed yesterday, oil refiner Tesoro (NYSE:TSO) put up some solid good news. For the third quarter, Tesoro's EPS hit $1.86 on net income of $259 million and ...
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Burningmoney

GDP: The Recession Is Upon Us

Posted: October 30, 2008 at 7:44 am

The Commerce Department gave the preliminary U.S. third quarter GDP, and it has come in at levels which finally reflect the recession we have been saying we are in since ...
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Pickens_pic

T. Boone Pickens Gets Out Of the Market

Posted: October 30, 2008 at 7:13 am

T. Boone Pickens came on CNBC this morning, and he was much more somber than in his prior appearances.  When your fund is said to be down somewhere around $2 ...
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Top Pre-Market Analyst Upgrades (FSLR, JNS, LM, NLC, NBIX, NEM, SPLS)

Posted: October 30, 2008 at 6:44 am

These are some of the top analyst upgrades we are seeing from Wall Street this Thursday morning with about two hours to the open:First Solar (FSLR) Raised to Buy at ...
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Down_arrow_red

Top Pre-Market Analyst Downgrades (ASH, BWA, DSX, EGLE, MGM, PAAS, SONO)

Posted: October 30, 2008 at 6:41 am

These are some of the top analyst downgrades we are seeing from Wall Street this Thursday morning with about two hours to the open:Ashland (ASH) Cut to Neutral at JPMorgan.Borg ...
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Mot

Will Motorola (MOT) Kill Spin-Off Of Handset Business

Posted: October 30, 2008 at 6:24 am

Motorola (MOT) missed a lot of its numbers for the third quarter. Much more important than that it fudged when it might dump its handset unit. The deal was supposed ...
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Ford1

The Car Business Gets Excellent Again (GM)(F)(TM)

Posted: October 30, 2008 at 5:31 am

It has only taken a week for the global auto business to rebound from one of its worst periods in decades. GM (GM) is close to a deal to buy ...
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Angrybear

As World Markets Rally, A Fog Of War Envelops Trading

Posted: October 30, 2008 at 5:11 am

When the stock markets around the world raced down earlier this month, there was some sense to it. The credit and liquidity troubles were real. Corporate earnings became progressively troubled. ...
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Windmill_2_lg

The Ghost Of Eliot Ness: Cuomo Fights Bank Bonuses (GS)(C)(MS)(JPM)

Posted: October 30, 2008 at 4:46 am

Wall St. is a den of thieves and NY Attorney General Andrew Cuomo wants to wipe them out on his way to becoming governor like his father was before him. ...
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R218533_855025

Banks And The Cowardliness Of Accounting

Posted: October 30, 2008 at 4:23 am

If you don't like the game, change the rules. At least that is what the nation's banks would like to have happen. They are making the case that if accounting ...
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Newspaper

Media Digest 10/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 30, 2008 at 2:51 am

According to Reuters, investors and banks are in a struggle over whether financial companies should be able to change the way they value assets under accounting rules.Reuters writes that improvements ...
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Jap

Asis Markets 10/30/2008 Big Rally (PTR)

Posted: October 30, 2008 at 2:20 am

Market in Asia rose sharply.The Nikkei was up 10% to 9,030. Kyocera and Mitsubishi Corp rose sharply.The Hang Seng rose 10.3% to 14,005. CNOOC rose by double digits as did ...
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