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Daily Archives: December 18, 2008

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Moody’s Kicking Citi & Pandit (C, MCO)

Posted: December 18, 2008 at 4:39 pm

As if Citigroup Inc. (NYSE: C) had any real strength to its ratings, Moody's has downgraded Citigroup's senior debt.  Interestingly, Moody's says that this downgrade was moderated by the expecation ...
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RIM (RIMM) Earnings: Santa Loves Blackberry

Posted: December 18, 2008 at 4:15 pm

RIMM had already told Wall St. what to expect for the quarter. Two weeks ago the company forecast $.81 to $.83 per share, excluding one-time items, on sales of $2.75 ...
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Oracle Earnings, A Currency Story (ORCL)

Posted: December 18, 2008 at 4:14 pm

Oracle Corp. (NASDAQ: ORCL) posted non-GAAP earnings of $0.34 EPS and $5.7 billion in revenue compared with First Call estimates of $0.34 EPS and $5.84 billion in sales. There is ...
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The 52-Week Low Club: (MNI)(SGY)(NT)(TTWO)

Posted: December 18, 2008 at 3:58 pm

McClatchy Newspapers (MNI) Drops to $.98 as shareholder panic. The 52-week high is $13.31.Stone Energy (SGY) Cuts production view for quarter. Drops to $8.47 from 52-week high of $73.96.Nortel Networks ...
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S&P Fires A Shot Across GE’s Bow (GE)

Posted: December 18, 2008 at 2:53 pm

Standard & Poor's issued a report that is being taken a "downgrade-light" by many traders.  S&P has revised its outlook on General Electric Co. (NYSE: GE) and units including GE ...
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Panic Selling Drives Down Newspaper Stock McClatchy (MNI)

Posted: December 18, 2008 at 1:59 pm

What appears to be a wave of panic-driven selling is taking shares in newspaper chain McClatchy (MNI) down 26% to a new multi-year low of $1.10. The stock has a ...
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Electric Utilities Make News on Expectations, Merger Plans (LNT, EXC, NRG)

Posted: December 18, 2008 at 1:51 pm

Alliant Energy Corp. (NYSE:LNT) this morning released financial guidance for 2009. The company also noted that it has reached an agreement with the state of Wisconsin on a rate case ...
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Oracle Expectations Differ From Analysts & Ellison (ORCL)

Posted: December 18, 2008 at 1:46 pm

After the close of trading today, Larry Ellison & Co. is set to report earnings for Oracle Corp. (NASDAQ: ORCL).  Thomson Reuters (First Call) has earnings estimates of $0.34 EPS ...
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Bracing for R-I-M Earnings (RIMM, AAPL)

Posted: December 18, 2008 at 1:15 pm

Research in Motion Ltd. (NASDAQ: RIMM) is set to report earnings at the close today.  The Blackberry smartphone maker is expected to post earnings (from First Call, Thomson Reuters) at ...
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S&P Cuts GM (GM): Too Late As Bush Talks Chapter 11

Posted: December 18, 2008 at 12:29 pm

Credit rating agencies and stock analysts have the habit of stating the obvious after the obvious is obvious to everyone else.S&P cut its price target on GM (GM) today. A ...
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New Technology Could Help Oil Sands Producers (SU)

Posted: December 18, 2008 at 11:03 am

SRI Consulting published a new report on producing crude oil from western Canada's oil sands deposits. The report concludes that "with rational engineering and prudent business decision making, grass roots ...
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MEMC Lowers Guidance, Blames Lack of Credit (WFR)

Posted: December 18, 2008 at 10:59 am

Citing unavailability of credit to "some solar customers," MEMC Electronic Materials, Inc. (NYSE:WFR) lowered its fourth quarter 2008 revenue guidance from $500 million to $400-$425 million. The company also projects ...
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SIRIUS Outlines Growth Targets To 2013… Can It Make It? (SIRI)

Posted: December 18, 2008 at 10:30 am

SIRIUS XM Radio Inc. (NASDAQ: SIRI) has its annual meeting of stockholders today, and the company is out with some updated information which will be as important as ever to ...
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Goldman Sachs Outlines 2009 Financial & Credit Expectations (GS)

Posted: December 18, 2008 at 9:33 am

Goldman Sachs has come out with a new financial sector outlook for 2009, and much of how you receive it will depend whether you see things as"half empty" or "half ...
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Charter Comm (CHTR) Bull Turns Negative, As Massive Debt Strangles The Company

Posted: December 18, 2008 at 9:10 am

One of the few Charter Communications Inc.(CHTR) bulls is turning as the company looks headed for bankruptcy. Analysts at Pali Research downgraded the stock today from Buy to Neutral, citing ...
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