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Monthly Archives: October 2008

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The Justice Department Kicks Yahoo! To The Curb

Posted: October 31, 2008 at 4:47 am

Google (GOOG) got Yahoo! (YHOO) into talks about a partnership as a cruel joke. It gave the portal company hope that it can increase its revenue though a joint sales ...
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GM (GM) Rolls Snake Eyes

Posted: October 31, 2008 at 4:22 am

So much for the plan that GM (GM) would get loot from the Federal Reserve to buy Chrysler. Sources say that the administration will no not put cash into an ...
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Media Digest 10/21/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 31, 2008 at 2:48 am

According to Reuters, the economy contracted in the third quarter as consumer spending dropped sharply.Reuters writes that Fidelity Magellan Fund bought shares in big banks in September including Bank of ...
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Asia Markets 10/31/2008 (HBC)(LFC)

Posted: October 31, 2008 at 2:15 am

Markets in Asia fell sharply.The Nikkei dropped 5% to 8,577.The Hang Seng fell 5.2% to 13,586. HSBC (HBC) and China Life (LFC) both dropped sharply.The Shanghai Composite was down 2% ...
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A Prairie Fire Of Layoffs (MOT)(LM)(AB)(GS)(TWX)(GCI)(YHOO)(GM)(AXP)(ERTS)(WHR)

Posted: October 30, 2008 at 7:00 pm

Many of the layoff announcements which came over the last several days were as unexpected as they were large. If a recession is measured by the rapidity and breadth of ...
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Buffett Gets Put In Burlington Northern (BRK-A, BRK-B, BNI)

Posted: October 30, 2008 at 4:26 pm

It looks like the Oracle of Omaha is riding the Reading Railroad on the Monopoly board all over again.  Berkshire Hathaway Inc. (NYSE: BRK-A) has said in a filing that ...
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EA Spells Trouble For Video Game Sector (ERTS)

Posted: October 30, 2008 at 3:36 pm

Video game leader Electronic Arts Inc. (NASDAQ: ERTS) has just reported earnings, and this sector might not be quite as immune to economic woes as you might have hoped.  The ...
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Sun (JAVA): The Worst Tech Stock In The World Makes Its Case Again

Posted: October 30, 2008 at 3:16 pm

There has been some debate recently about which of the well-known tech stocks is the worst. AMD (AMD) is often in the running. So is Palm (PALM).Sun (JAVA) won the ...
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The 52-Week Low Club (HIG)(CI)(AVP)(GLBL)(SYMC)(EXPE)

Posted: October 30, 2008 at 2:59 pm

Hartford Financial (HIG) Big analyst downgrade. Plunges to $8.23 from 52-week high of $98.70.CIGNA (CI) Profit drops 53%. Stock off to $15.08 from 52-week high of $56.98.Avon (AVP) Weak guidance. ...
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AIG Borrows From Peter To Pay Paul In Debt-Arbitrage (AIG)

Posted: October 30, 2008 at 1:43 pm

American International Group Inc. (NYSE: AIG) disclosed in a filing today that four affiliates applied for participation in the Federal Reserve Bank of New York's Commercial Paper Funding Facility.  It ...
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Boeing Raising Up to $5 Billion (BA)

Posted: October 30, 2008 at 12:45 pm

The Boeing Company (NYSE: BA) has filed for a shelf registration to allow its Boeing Capital Corporation unit to raise up to $5,000,000,000.00 ($ billion) via the sale of debt ...
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Just When Wall St. Thought Things At Motorola (MOT) Could Not Get Worse…

Posted: October 30, 2008 at 12:14 pm

Motorola (MOT), mocked and ridiculed for being badly run for the last two years, has now let another 3,000 people go, two-thirds of them from the company's failed handset business ...
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Voodoo Economics: How Does American Express (AXP) Fire 7,000 People?

Posted: October 30, 2008 at 10:51 am

American Express (AXP) decided to pole axe 7,000 poor souls. As is true with most mass firings, it is driving the company's stock higher, in this case by 5% to ...
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Another CEO Joins Margin Call Selling Mayhem (DNR, BSX, CHK, CBS, VIA, AIG)

Posted: October 30, 2008 at 10:49 am

Gareth Roberts, CEO of Denbury Resources (NYSE:DNR) was forced to sell 513,000 shares of the company's stock to meet a margin call "pursuant to a real estate based loan." That ...
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Where Will Jim Cramer’s Primary Responsibilities Go? (TSCM)

Posted: October 30, 2008 at 9:58 am

TheStreet.com Inc. (NASDAQ: TSCM) reported lackluster earnings after yesterday's close with a third quarter loss of $0.04 per share as revenue rose 4% from a year earlier to $16.7 million.  ...
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