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Daily Archives: December 11, 2008

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Facing Concerns About It Future, Bank Of America (BAC) To Cut 35,000 Jobs

Posted: December 11, 2008 at 5:08 pm

Anyone curious about the health of the financial services industry got a look this afternoon.Bank of America (BAC) will cut 35,000 jobs over the next three years. According to the ...
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The 52-Week Low Club (GIL)(LUV)(PTIE)(CRUS)

Posted: December 11, 2008 at 3:49 pm

Gildan Activewear (GIL) Warns next quarter will be weak. Drops to $7.76 from 52-week high of $42.74.Southwest Airlines (LUV) Airline traffic dropping, oil prices going up. Falls off to $7.13 ...
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Auto Bailout Bill Dies

Posted: December 11, 2008 at 2:55 pm

According to several sources, the Republican members of the Senate have effectively killed the Detroit bailout billThe New York Times reports that "The prospects of a $14 billion government rescue ...
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Jamie Dimon Outlines 2009 Concerns (JPM)

Posted: December 11, 2008 at 2:31 pm

Jamie Dimon, CEO & Chairman of JPMorgan Chase & Co. (NYSE: JPM), gave an exclusive interview today to Erin Burnett on CNBC   He gave some interesting data on his outlook ...
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Nortel Signals One More Reverse Split After NYSE Listing Notice (NT)

Posted: December 11, 2008 at 2:05 pm

Nortel Networks Corporation (NYSE: NT) is going to be back at the stock game again.  The troubled Canadian telecom equipment provider announced today that it was notified today by New ...
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UBS Echoes Meredith Whitney: More 2009 Bank Losses (CMA, FHN, FITB, KEY, MI, RF, ZION, BAC, WFC, JPM)

Posted: December 11, 2008 at 1:47 pm

UBS has a research report out for the banking sector, and the report may take away some thunder from those who are hoping that banks will return to profits sooner ...
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Will GM’s Supplier Debts Eat All Its Bailout Cash?

Posted: December 11, 2008 at 12:49 pm

Based on GM's last quarterly financial statement, the car company had $28 billion in payables. Most of those were to suppliers. If the firm is trying to hold onto its ...
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Which Metals & Mining Stock Look Best For 2009? (RTP, BHP, ABX, GG, BTU, MEE)

Posted: December 11, 2008 at 12:39 pm

In our preview of energy stocks for 2009 we were able to come up with a company that might actually provide a decent return to investors. Looking at some of ...
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Diabetes Trifecta (AMLN, LLY, ALKS)

Posted: December 11, 2008 at 10:10 am

Amylin Pharmaceuticals, Inc., (NASDAQ: AMLN) has been a battered biotech lately.  But shares have just now gotten back above the single-digit threshold and are up more than 80% from recent ...
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Exploring Anadarko’s Balance Sheet (APC, STO)

Posted: December 11, 2008 at 8:46 am

Energy company asset sales have become just about the only news in the energy business. No mergers, no acquisitions, no bankruptcies, just sales. Companies are trying to position themselves and ...
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JA Solar: Cloudy Days Ahead (JASO)

Posted: December 11, 2008 at 8:41 am

In an announcement late yesterday, JA Solar Holdings (NASDAQ:JASO) cut its revenue estimate for the fourth quarter to $124 million, down from a range of $191.5-$220.9 billion. The company did ...
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Jobless Lines Running At 3-Decade Highs

Posted: December 11, 2008 at 8:36 am

The new data for weekly jobless claims is still showing many pink slips are coming.  The Labor Department said that new claims reached a 26-year high of 573,000.  That is ...
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Lululemon, The Recession, and Yoga (LULU)

Posted: December 11, 2008 at 8:28 am

Lululemon Athletica Inc. (NASDAQ: LULU) managed to beat earnings estimates this morning, but the guidance leaves little to be desired.  The yoga-wear company reported profit of $0.13 per share and ...
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Looming Bailout Is the Death of the Big Three

Posted: December 11, 2008 at 8:13 am

by John Tamny  RealClearMarketsBack in the early days of this decade when executive malfeasance was the scandal du jour, there was a rush among many CEOs to support Sarbanes-Oxley, a ...
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P&G Not As Recession-Proof As Thought (PG)

Posted: December 11, 2008 at 7:57 am

Procter & Gamble Co. (NYSE: PG) was supposed to be about as immune to a recession as any company could be.  It is in the category behind food and water ...
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