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Daily Archives: November 18, 2008

Siri

GM (GM) Taking Sirius (SIRI) Down To Zero

Posted: November 18, 2008 at 5:32 pm

Correction: Based on the financial contribution of GM subscribers to the Sirius P&L, the satellite radio company would not have an immediate loss of earnings if it were not selling ...
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Level_3_logo_3

Level 3 Scores Credit Downgrades (LVLT)

Posted: November 18, 2008 at 5:27 pm

Level 3 Communications Inc. (NASDAQ: LVLT) has just seen another negative development, this time from Standard & Poor's Ratings Services.  S&P lowered its corporate credit rating Level 3 to ...
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Henry Paulson to Supply-Side Economics: Drop Dead

Posted: November 18, 2008 at 5:23 pm

By John Tamny , RealClearMarketsIn his 1984 book, The Supply-Side Revolution, Paul Craig Roberts wrote of England's gasping late '70s economy. Despite the country's dire economic outlook, London's streets were ...
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Burningmoney_2

Will Fannie Mae & Freddie Mac Go OTC-BB? (FNM, FRE)

Posted: November 18, 2008 at 5:19 pm

There are many bad things that can go wrong at public companies.  Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) have both seen their share of EVERYTHING go wrong.  ...
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Sad_clown

The 52-Week Low Club (SIRI)(GM)(C)(CIT)(SKS)(XTLB)

Posted: November 18, 2008 at 4:42 pm

Sirius (SIRI) traded down to $.20 on concern that a bankruptcy at GM (GM) could ruin its already troubled business. The 52-week high is $2.94.Citigroup (C) Still concerns that bank ...
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Ge_logo_2

GE Taking $2 Billion Costs Out Of GE Capital (GE)

Posted: November 18, 2008 at 3:28 pm

General Electric Co. (NYSE: GE) looks like it is taking its previous reorganization a step further.  In July, it announced it was bringing together its financial services businesses under a ...
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Burning_house_pic

Housing Stinks, But… “Please No Bailout There Too”

Posted: November 18, 2008 at 1:32 pm

The National Association of Home Builders index for November is yet another record low. This drop was into single-digit territory with the index falling to 9, under the low of ...
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Broken_merger_torn_money

Online Spending Gains Slow To Crawl (AMZN)

Posted: November 18, 2008 at 1:02 pm

The latest data from comSCORE is showing some very troubling trends.  In the past, online retails sales have grown while on-site retail sales have seen their ups and downs.  It ...
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Money_stack_pic

Evidence of Corporate Debt Issues Stabilizing (T, DUK, PCG, MO, TWC, BA)

Posted: November 18, 2008 at 11:51 am

We have been tracking the developments in corporate bond spreads and the lack of liquidity for new capital.  Over the last ten days or so we have witnessed several corporate ...
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China_2

China Now Largest Holder Of US Treasuries

Posted: November 18, 2008 at 11:45 am

The next time Congress wants to raise a $700 billion bailout fund or put together a new package to help a firm like AIG (AIG), Washington is going to have ...
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Uncle_sam

Big WWF Match Between FDIC And Fed At Congress Hearings

Posted: November 18, 2008 at 10:58 am

Hank Paulson and FDIC chief Sheila Bair got into a fight over how the $700 billion bailout package should be used. Congress had a ring side seat.A little color from ...
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Pacific_ethanol_logo

Ethanol News From All Over (PEIX, AVR, JAVA)

Posted: November 18, 2008 at 10:41 am

The news on the ethanol front this morning is, shall we say, mixed. First, Pacific Ethanol (NASDAQ:PEIX) announced yesterday that it would increase its non-cash impairment charge for the suspended ...
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Burningmoney

New Biotech Zombie: XTL Biopharma (XTLB)

Posted: November 18, 2008 at 9:53 am

XTL Biopharmaceuticals Ltd. (NASDAQ: XTLB) is an Israeli biotech player that most traders have not heard of.  By the looks of the trading today, it doesn't look like shareholders will ...
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Anheuser_b_logo

And Like That, Budweiser Goes European (BUD)

Posted: November 18, 2008 at 9:24 am

Anheuser-Busch Companies Inc. (NYSE: BUD) is no more.  Any doubts over whether  this merger was going to properly close are now history.  InBev has now completed its acquisition of Anheuser-Busch. ...
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Transocean_logo

Transocean’s Move to Switzerland Pays Off for Note Holders (RIG)

Posted: November 18, 2008 at 9:01 am

The world's largest offshore drilling contractor, Transocean (NYSE:RIG) is moving its incorporation location from the Cayman Islands to Switzerland. Pending final approvals, the move will be effective on December 18th. ...
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