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Daily Archives: November 7, 2008

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The 52-Week Low Club (GNW)(UIS)(SRZ)(GGP)(KOOL)(DPTR)

Posted: November 7, 2008 at 3:49 pm

Genworth  (GNW) DIvidend cut. Drops to $2.55 from 52-week high of $28.21.Unisys (UIS) No news but falls over 30% to $.79 from 52-week high of $7.90.Sunrise Assisted Living (SRZ) Large ...
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Berkshire Hathaway Earnings Could Set Next Week’s Trends (BRK-A, BRK-B, GS, GE, BNI)

Posted: November 7, 2008 at 2:52 pm

After today's close, we'll get to see earnings out of conglomerate, insurance giant, and recent bailout investor Berkshire Hathaway Inc. (NYSE: BRK-A) NYSE: BRK-B).  Warren Buffett and friends do not ...
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E*TRADE and $800 Million E*TARP Funds (ETFC)

Posted: November 7, 2008 at 1:57 pm

E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has announced its intent to participate in the Treasury's TARP bailout funding program.  The online brokerage firm confirmed that it filed an application to receive ...
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GM (GM): First Half Of 2009 May Be The End Of The Road

Posted: November 7, 2008 at 11:40 am

GM (GM) released earnings and, in the process, the company made it clear that it may not make it to the middle of next year without help."Even if GM implements ...
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GM (GM) Earnings: US And Emerging Markets Are Bad, Cash Gets Low

Posted: November 7, 2008 at 11:33 am

Trading in GM's (GM) shares was halted just before earnings came out. They may want to keep trading on hold for a year or two and keep the stock from ...
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Goldman Sachs (GS) Goes Whole Hog On Jobless Forecast

Posted: November 7, 2008 at 11:03 am

From Goldman Sachs (GS) by way of MarketWatch:"The unemployment rate is expected to rise to 8.5% by the end of next year and inch even higher in early 2010, economists ...
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Will BusinessWeek Cut Its Publishing Schedule To Twenty-Six Times A Year?

Posted: November 7, 2008 at 10:40 am

The rallying cry for magazine and newspaper executives is "Cut print costs, rely on the web." It makes all the sense in the world. Printing, paper, postage, and other transportation ...
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Will BP Buy Chesapeake? (BP, CHK)

Posted: November 7, 2008 at 10:31 am

BP plc (NYSE:BP) shares are up about 2.5% pre-open today on rumors that the British petroleum giant is considering making an offer for Chesapeake Energy (NYSE:CHK). Chesapeake is the largest ...
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The New Goldman Sachs Model: Quarterly Losses (GS, C, BRK-A)

Posted: November 7, 2008 at 9:50 am

Goldman Sachs Group (NYSE: GS) had been the one spot in the brokerage sector which was immune from the credit crunch and nearly immune from the mortgage mess.  In fact, ...
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Frontier Oil, Refiner Earnings Lagging Peers (FTO, SUN, WNR, VLO)

Posted: November 7, 2008 at 8:52 am

Frontier Oil (NYSE:FTO) released its third quarter earnings yesterday, and the news was not good. EPS was $0.70, down from $1.28 a year ago, and below analysts' estimates of $0.73. ...
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Low Oil Toll: Conoco Delays Saudi Refinery (COP, TOT, CVX)

Posted: November 7, 2008 at 8:46 am

About two and a half years ago when crude oil prices were heading up at a pace never before seen, the Saudi Arabian oil minister claimed that there was plenty ...
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As Unemployment Hits 6.5%, Those Expecting 7% Now Bracing for 8%

Posted: November 7, 2008 at 8:34 am

If you were looking for great news on the jobs report this morning, you probably believed the guy telling that "NOT JOKE" in the Borat movie.    Unemployment came in ...
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Top Pre-Market Analyst Upgrades (ANF, BMY, CECO, EW, WYE)

Posted: November 7, 2008 at 8:09 am

These are some of the top analyst upgrades we have seen this Friday morning:Abercrombie & Fitch (ANF) Raised to Hold at Jefferies.Bristol-Myers Squibb (BMY) Started as Buy at Goldman Sachs.Career ...
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Top Pre-Market Analyst Downgrades (ACF, CLF, CVTX, PFE, SNY, THQI)

Posted: November 7, 2008 at 8:08 am

These are some of the top analyst downgrades we have seen this Friday morning:Americredit (ACF) Raised to Market Perform at FBR.Cliff’s Natural resources (CLF) Cut to Market Perform at FBR.CV ...
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Sprint (S) Earnings: Customers Go On Vacation, Won’t Return

Posted: November 7, 2008 at 7:59 am

Sprint (S) had another dismal quarter. Revenue fell 12% to $8.8 billion. Its net loss was $326 million compared with a $64 million profit.The company served 50.5 million customers at ...
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