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Daily Archives: November 14, 2008

Fed

Freddie Mac (FRE) Manages To Lose $25 Billion

Posted: November 14, 2008 at 7:57 am

Freddie Mac (FRE) reported a net loss of $25.3 billion, or $19.44 per share, for the quarter ended September 30, 2008, compared with a net loss of $1.2 billion, or ...
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Wynn Secondary Offering Should Be A ‘How-To-Model’ (WYNN, LVS)

Posted: November 14, 2008 at 7:54 am

Wynn Resorts Limited (NASDAQ: WYNN) accomplished a capital raise which looks to be at a far less of a discount and at much better terms than the recent financing over ...
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Top 10 Early Analyst Upgrades & Downgrades (FUL, OZM, REP, TOL, DOV, EMR, GA, GSK, MEDX, RDS-A)

Posted: November 14, 2008 at 7:26 am

These are ten of the top pre-market early bird upgrades and downgrades we are seeing from analysts this Friday morning:H.B. Fuller (NYSE: FUL) Raised to Overweight at JPMorgan.Och-Ziff Capital (NYSE: ...
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Wilbur Ross: Auto Bankruptcies Won’t Work

Posted: November 14, 2008 at 7:08 am

Restructuring expert Wilbur Ross says that car companies should stay out of Chapter 11. A bankruptcy of one of the firms would push large parts of the economy into depressions.According ...
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Angrybear

Fifteen Country Euro Zone Moves Into Recession

Posted: November 14, 2008 at 6:24 am

In news which should surprise no one, all of Europe has moved into a recession.According to The Wall Street Journal, "The European Union said the 15-country euro zone is in ...
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OPEC Prepares To Wage War

Posted: November 14, 2008 at 6:19 am

As ironic as it may seem, the finances of OPEC members may be as bad as at any time in recent memory. They have become poor as quickly as they ...
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Boeing (BA) Takes Another Chance To Ruin Its Prospects

Posted: November 14, 2008 at 6:02 am

It seems like only yesterday that Boeing (BA) settled a six-week strike with its machinists. That took six weeks and delayed production of scores of planes which have customers panting ...
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Under

Zero Percent Financing For Everything

Posted: November 14, 2008 at 5:52 am

The major car companies have been offering zero percent financing on most of their models for several months now. That deal even applies to seven-year loans. It may have stimulated ...
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Data

Citigroup (C): Vikram Pandit’s Grand Strategy Of Cutting People

Posted: November 14, 2008 at 5:32 am

Perhaps it is a remarkable failure of imagination or just animal panic. A day after Citigroup (C) hit a multi-year low and spent time below $10, CEO Vikram Pandit's answer ...
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Newspaper

Media Digest 11/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 14, 2008 at 4:03 am

According to Reuters, concerns about the global economy are growing as the G20 nations are meeting.Reuters says that Congress challenged banks on how they would use bailout funds.Reuters reports that ...
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China

Asia Market And Europe Open 11/14/2008

Posted: November 14, 2008 at 3:21 am

Markets in Asia were sharply higher. The Nikkei rose 4% to 8,486. The Hang Seng was up 4.4% to 13,620.The Shanghai Composite rose 2.3% to 1,972.At the open the FTSE ...
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