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Daily Archives: December 16, 2008

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The 52-Week Low Club (SAY)(KFN)(ZIXI)

Posted: December 16, 2008 at 3:46 pm

Satyam Computer (SAY) Plans to buy another company send stock diving. Drops to $5.05 from 52-week high of $29.84.KKR Financial (KFN) Plans to replace CEO on top of poor performance. ...
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GE Changes Guidance Policy; Reaffirms Targets (GE)

Posted: December 16, 2008 at 3:06 pm

General Electric Co. (NYSE: GE) has reconfirmed its December 2 earnings outlook of $0.50 to $0.52 EPS excluding charges and $0.36 to $0.42 including charges); it still sees full-year 2008 ...
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FOMC Enters Realm of 0% Interest Rates

Posted: December 16, 2008 at 2:27 pm

The FOMC voted, and the Fed Funds Rate has now been given a TARGET RANGE of 0% to 0.25%.The Discount Rate was cut 0.75% and is now at 0.50%.Some of ...
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ConocoPhillips, Peabody Energy Will Convert Coal-to-Gas (COP, BTU)

Posted: December 16, 2008 at 12:59 pm

Turning coal into natural gas is not brand-new technology, but it is rarely done because natural gas is, or has been, relatively cheap. Not as cheap as coal, but cleaner ...
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Cimarex Buys Back Senior Notes, With More Debt (XEC)

Posted: December 16, 2008 at 12:57 pm

Cimarex Energy Company is one of those mid-cap energy stocks that is well-liked by institutional investors. Nearly 90% of the company's stock is held by institutional investors. In good times, ...
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Worst News Of The Recession: Goldman Sachs (GS) Pay Drops 45%

Posted: December 16, 2008 at 12:34 pm

In another sign that the recession is deepening, the average employee at Goldman Sachs (GS) will make only $363,654 a drop of 45% from last year. In other words, that ...
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Satyam’s Diversification, A Bridge To Nowhere (SAY)

Posted: December 16, 2008 at 11:42 am

Satyam Computer Services Ltd. (NYSE: SAY) is seeing its stock crushed this morning after the company's board of directors approved acquisitions of infrastructure development companies Maytas Infra Ltd. and Maytas ...
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OPEC Cut To Be ‘Around 2M Barrels’

Posted: December 16, 2008 at 11:03 am

If you have been wondering if OPEC was going to cut production due to prices, the answer is a resounding "YES."  It has been about as telegraphed as the sun ...
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Biodiesel Refinery Goes on the Block (NSC, BRK-A)

Posted: December 16, 2008 at 10:48 am

Bad news doesn't surprise anyone any more, especially in the bio-refining business. Shareholder value in ethanol companies has all but evaporated. Now, we get news of a biodiesel plant going ...
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Will The Recession Stop Global Warming?

Posted: December 16, 2008 at 10:43 am

The recession has touched almost everything in the world from employment, to prices, to GDP growth to housing. Even China is seeing its economy slow. In the US, this downturn ...
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Moody’s Downgrades Goldman Sachs (GS) Long-Term Senior Debt Ratings to A1

Posted: December 16, 2008 at 10:23 am

Moody's Investors Service downgraded the long-term senior debt ratings of Goldman Sachs Group Inc. (NYSE: GS) to A1 from Aa3, excluding FDIC-guaranteed debt. The Aa3 deposit ratings of Goldman Sachs' ...
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Fertilizer, Ag, and Potash… Almost Cool Again (AGU, MOS, TRA, IPI, POT, CF)

Posted: December 16, 2008 at 10:07 am

There have been several research calls in the potash, agriculture, and fertilizer sector this morning which have pushed stocks higher.  Agrium Inc. (NYSE: AGU), Mosaic Co. (NYSE: MOS), Terra Industries ...
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Baidu.com, Goldman, and Conviction Buy (BIDU)

Posted: December 16, 2008 at 9:28 am

Baidu.com Inc. (NASDAQ: BIDU) may finally be catching another break after so much trouble.  The Chinese internet search leader has been raised to the Conviction Buy List at Goldman Sachs ...
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RadioShack Takes Back Mexican Ops (RSH)

Posted: December 16, 2008 at 9:09 am

RadioShack Corporation (NYSE: RSH) announced that it closed on a a stock purchase agreement yesterday that its subsidiaries Tandy International Corporation and ITC Services, Inc. entered into with Grupo Gigante, ...
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Consumer Prices: Things Get So Cheap They Are Almost Free

Posted: December 16, 2008 at 8:54 am

Consumer prices dropped so much in November that goods and services are almost free. Energy prices were down 17%, lead by the falling price of gas. The Consumer Price Index ...
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