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Daily Archives: December 17, 2008

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Goldman Sachs (GS) Cuts Bonuses, Cash Cap At $400,000

Posted: December 17, 2008 at 7:36 pm

For bankers used to making millions of dollars in bonuses, $400,000 might seem like a big comedown. Goldman Sachs (GS) has elected to make that the cap for cash compensation ...
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Nike Skirts Around Recession, So Far (NKE, UA)

Posted: December 17, 2008 at 5:01 pm

Nike Inc. (NYSE: NKE) seems to be avoiding the recession so far.  Not entirely, but much better than other we have seen. The sports apparel giant made a profit of ...
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Take-Two Sees 2009 As Cold Year In Hell (TTWO, ERTS)

Posted: December 17, 2008 at 4:26 pm

Take-Two Interactive Software Inc. (NASDAQ: TTWO) just joined the ranks of video game publishers with bad earnings. Real bad earnings. And thank heavens for non-GAAP accounting. The company posted a ...
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The 52-Week Low Club (NT)(BGP)(NTII)(DXYN)

Posted: December 17, 2008 at 4:10 pm

Nortel (NT) Still falling on Chapter 11 concerns. Falls to $.26 from 52-week high of $16.07.Borders Group (BGP) No one buys books from stores anymore. Drops to $.56 from 52-week ...
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Rumors That Jobs Lives Keeps Apple (AAPL) Well Above Multiyear Lows

Posted: December 17, 2008 at 2:55 pm

Rumors from Apple (AAPL) headquarters in Cupertino that Steve Jobs is alive and well are keeping the company's shares well above their multi-year low of $79.14 hit a few weeks ...
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Royal Gold, Envy of Chartists & Gold Bugs (RGLD, ABX, MFN, GG, NEM, GDX)

Posted: December 17, 2008 at 12:12 pm

In the current climate, there are hardly any stocks which are hitting new 52-week highs.  If you go to the gold sector, the leaders are very far under their highs.  ...
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Constellation, The French, Buffett & A Value Trap (CEG, BRK-A)

Posted: December 17, 2008 at 11:44 am

The other shoe has dropped. Constellation Energy Group Inc. (NYSE:CEG) has accepted Electricite de France's (EDF) offer of $4.5 billion for 49.99% of the company's nuclear assets (rather than the ...
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Capital Spending Falls Off a Cliff (DVN, SD, ME, HES, EQT)

Posted: December 17, 2008 at 11:19 am

We've been following recent announcements of pullbacks in capital spending in the oil and gas patch. Every day it seems, one or two more companies announce that capital spending will ...
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OPEC To Cut By 4.2 Million Barrels A Day, More Than Twice Expectation

Posted: December 17, 2008 at 10:55 am

So much for deflation worries, and so much for an early end to the recession.OPEC shocked the market by saying it will cut production by 4.2 million a day. Most ...
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24/7 Wall St. Hooks Up With Twitter

Posted: December 17, 2008 at 10:30 am

Two weeks ago we announced that we were going to start using Twitter to communicate with our readers. As of today, we are happy to say that our efforts have ...
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Posted Without Comment: Credit Crisis Cost Tops $1 Trillion

Posted: December 17, 2008 at 10:19 am

According to Bloomberg, "Losses and writedowns from the credit crisis surpassed $1 trillion today, and show little sign of ending, as Morgan Stanley marked down the value of mortgages and ...
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Is Newell Rubbermaid Now Dead Money?

Posted: December 17, 2008 at 10:14 am

There are many stocks which are supposed to be at least somewhat immune to the recession.  This notion has become less and less true, even if some of the former ...
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Motorola Plays Pin the Tail on the Employee (MOT)

Posted: December 17, 2008 at 9:32 am

Motorola, Inc. (NYSE: MOT) may be one of the restructuring nightmares of the decade.  This morning the company is taking further steps in its restructuring by announcing "cost cutting measures"....  ...
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SIPC’s Role In Madoff-Of-All-Scams Could Save The Stock Market

Posted: December 17, 2008 at 9:20 am

The SIPC came out with a statement last night indicating that they will be involved in the Madoff situation. The SIPC maintains a special reserve fund authorized by Congress to ...
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No Goldman Reaction for Morgan Stanley (GS, MS)

Posted: December 17, 2008 at 9:05 am

Yesterday was a rather odd day in more than one way.  The reaction to Goldman Sachs Group (NYSE: GS) was given a warm reception, despite the much wider losses than ...
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