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Daily Archives: December 5, 2008

24/7 Wall St. Hooks up with Twitter & All Things Digital Couldn’t be Happier

Posted: December 5, 2008 at 9:13 pm

Correction: In error, 24/7 Wall St. sighted Walter Mossberg as the author of the Twitter piece. The article, "Birds of a Feather Twitter Together," was authored by Katherine Boehret. Our ...
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Toyota (TM) Cuts Deeper In North America

Posted: December 5, 2008 at 8:01 pm

While the US car companies struggle to survive and GM (GM) and Chrysler say they may not make it until the end of the year, even mightly Toyota is bleeding.The ...
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Cramer’s Week of Shotgun Merger Proposals (RTP, AA, BHP, FCX, ITW, MTW, NKE, UA, PFE, AGN)

Posted: December 5, 2008 at 6:52 pm

Jim Cramer came on CNBC's MAD MONEY this week with several ideas for shotgun  marriage merger proposals he wanted to throw out there where he was calling for more mergers ...
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Warren Buffett May Have Constellation Regardless (CEG, BRK-A)

Posted: December 5, 2008 at 5:22 pm

We have had many inquiries this week over this EDF offer for Constellation Energy Group Inc. (NYSE: CEG) now that EDF in France gave a competing bid versus that of ...
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The 52-Week Low Club (OREX)(RFMD)(BRY)(CLR)(AES)

Posted: December 5, 2008 at 3:56 pm

Orexigen Therapeutics (OREX) Trouble with mid-stage drug trials. Drops to $1.55 from 52- week high of $15.63.Rf Microdevices (RFMD) Cuts guidance sharply. Falls to $.74 from 52-week high of $6.Berry ...
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Mortgage Bankers Says Delinquencies Rising, Set New Record

Posted: December 5, 2008 at 1:33 pm

The Mortgage Bankers Association released their numbers for delinquencies on home loans at the end of the third quarter.The group reported that "the delinquency rate for mortgage loans on one-to-four-unit ...
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Chrysler Hires Bankruptcy Attorneys

Posted: December 5, 2008 at 1:25 pm

According to a report in The Wall Street Journal, "Chrysler hired the prominent law firm of Jones Day several weeks ago as bankruptcy counsel, a move that suggests the auto ...
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New Changewave Survey Shows Economy Going To Heck

Posted: December 5, 2008 at 11:52 am

Changewave, the research firm, is out with its survey of 3,029 business people.Some highlights:"More than half of respondents (51%) project that their company sales will come in Below Plan for ...
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10 CEOs To Go In 2009: James Tobin of Boston Scientific (BSX)

Posted: December 5, 2008 at 11:04 am

Generally speaking, we do not like to bring CEOs back from a past "list of CEOs to go."  James Tobin of Boston Scientific Corp. (NYSE: BSX) has somehow managed to ...
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10 CEO’s To Go In 2009: Antonio Perez of Eastman Kodak (EK)

Posted: December 5, 2008 at 10:42 am

Generally speaking we do not like resurrect candidates for CEOs to go.  We first named Antonio Perez of Eastman Kodak Co. (NYSE: EK) in late 2006 as a CEO to ...
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Cutting CapEx Still Popular (VQ, XOM, CVX)

Posted: December 5, 2008 at 10:39 am

It's no longer news when an oil E&P company cuts its capex budget. As oil prices fall, profits are squeezed and companies rein in discretionary spending, of which capex is ...
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Evergreen Energy’s Wishful Thinking Announcement (EEE)

Posted: December 5, 2008 at 10:26 am

So, your company's stock is trading at nearly 90% below its 52-week high, and estimates for the current quarter point to a continued loss. What do you do? If you're ...
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Fitch Ratings Does Not Like the French Bid for Constellation Energy (CEG)

Posted: December 5, 2008 at 10:21 am

The recent bid by France's Electricite de France (EDF) for half of the nuclear business of Constellation Energy (NYSE:CEG) caused Fitch Ratings to downgrade the company's Issuer Default Ratings. The ...
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10 CEOs To Go In 2009: Mary Sammons of Rite Aid (RAD, WAG, CVS)

Posted: December 5, 2008 at 10:10 am

Reverse stock split or not, Rite Aid Corporation (NYSE: RAD) has been under the gun and its future is far from certain.  There was a period in time in 2007 ...
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Unemployment’s Road Bump On Way to Over 8%

Posted: December 5, 2008 at 8:38 am

Today was supposed to be all about the employment and jobs data.  The data is out and it isn't pretty.  November's unemployment rate hit a new recent high of 6.7%.  ...
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