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Daily Archives: December 2, 2008

Christmas Shopping and the Consumption Myth

Posted: December 2, 2008 at 9:36 am

By John Tamny  RealClearMarketsIn the days leading up to last week's Black Friday, the post-Thanksgiving shopping day when many retailers become profitable for the year, Americans were inundated with lots ...
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With Oil Prices Dropping Are Airline Mergers Smart?

Posted: December 2, 2008 at 9:06 am

With oil prices dropping, the cost of jet fuel is down by more than 50%. That makes the rush to merge airlines which accelerated earlier this year look like an ...
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GE’s Update Lacks Nasty Surprises Compared To Peers (GE)

Posted: December 2, 2008 at 8:42 am

General Electric Co. (NYSE: GE) is providing its scheduled GE Capital update.  GE sees fourth quarter earnings at $0.50 to $0.52 EPS range rather than the $0.50 to $0.56 EPS ...
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Chevron: Claim for Environmental Damages in Ecuador Rises to $27 Billion (CVX)

Posted: December 2, 2008 at 8:22 am

When Chevron (NYSE:CVX) swallowed Texaco a few years back, one of the morsels it ingested was a claim for environmental damage to several Texaco drilling sites in Ecuador. Unlike Chevron's ...
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Electricity Use Falling–So Are Share Prices (DUK, DYN, AEP)

Posted: December 2, 2008 at 8:18 am

Just as with natural gas and crude oil, electricity use is off as the economy heads into its second year of recession. The lack of demand for electricity affects the ...
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Top Pre-Market Analyst Upgrades & Downgrades (NGG, QGEN, RGC, WSM, GPN, GFI, QSFT, TSRA)

Posted: December 2, 2008 at 7:27 am

These are the early bird analyst upgrades and downgrades we have seen this Tuesday morning with more than two hours to the open:National Grid (NYSE: NGG) Raised to Overweight at ...
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Sears (SHLD): The Real Face Of Retail

Posted: December 2, 2008 at 6:27 am

Forget how Wal-Mart (WMT) is doing. Sears (SHLD) is the real face of retail. Between its Sears and K-Mart stores, it has 3,000 outlets and 330,000 employees. And, it is ...
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Angrybear

Banks Look To Fourth Quarter Trouble

Posted: December 2, 2008 at 6:09 am

Hope springs eternal. For several months now analysts and investors have believed that the fourth quarter would be a reasonable one for banks. A lot of the bad paper on ...
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No Help For Homeowners, No Help For Banks

Posted: December 2, 2008 at 5:52 am

It has been repeated ad nauseam. Housing has to be fixed before the credit markets and banks can recover. Housing has to be fixed so that people who are hard-working ...
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The Great Treasury Bubble, Or Something Worse….

Posted: December 2, 2008 at 5:45 am

There has been one asset class which has held up with flying colors: US TREASURIES.  It has been a great ride if you hold them, but the yields are reaching ...
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Memo To Congress: Merge The Big Three (GM)(F)

Posted: December 2, 2008 at 5:37 am

Look at the GM (GM) 10-Q. The company had $3.3 billion in sales, general, and administrative expenses. That is all of those white collar workers, the R&D and product development ...
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Batmobile512

Memo To Congress: Toyota (TM) Already Won

Posted: December 2, 2008 at 5:13 am

A lot of fat, pork-barreling Congressmen who are supposed to vote on an auto bailout just want to go home for the holidays. Many of them are out of work. ...
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Media Digest 12/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 2, 2008 at 3:51 am

According to Reuters, JP Morgan (JPM), Bank of America (BAC), and Merrill Lynch (MER) will cut a total of almost 20,000 jobs.Reuters reports that Boeing (BA) will sign a new ...
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Asia Markets And Europe Open 12/2/2008

Posted: December 2, 2008 at 3:22 am

Markets in Asia were sharply lower.The Niikkei fell 6.4% to 7,964. Honda (HMC) fell on a strong dollar.The Hang Seng was off 4.8% to 13,636. China Life (LFC) and China ...
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