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Daily Archives: December 22, 2008

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The 52-Week Low Club (MNI)(MWE)(ARTC)(TXCC)

Posted: December 22, 2008 at 3:48 pm

McClatchy (MNI) Another big newspaper company headed toward liquidation. Drops to $.83 from 52-week high of $13.31. Markwest Energy (MWE) Downgraded by Morgan Keegan. Drops to $7.36 from 52-week high ...
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Market Gives New AllianceBernstein (AB) CEO The Back Of Its Hand

Posted: December 22, 2008 at 3:25 pm

The board of AllianceBernstein (AB), controlled by majority shareholder AXA, dumped longtime CEO Lew Sanders. The stock has been way down recently. Over the last year it is off over ...
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Sprint (S) Collapses Again As WiMax Patents Challenged

Posted: December 22, 2008 at 1:34 pm

Sprint (S) is down sharply today, heading toward penny-stock land. Shares are at $1.70, off their 52-week high of $13.90.Much of the drop is due to its falling cellular subscriber ...
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Federal Mortgage Assistance: It May Not Help

Posted: December 22, 2008 at 11:42 am

Henry Paulson has taken a lot of heat for putting TARP funds into big banks and ignoring the needs of homeowners struggle to pay their mortgages. Sheila Bair, head of ...
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J.P. Morgan Dabbles in Agriculture (JPM, UBS)

Posted: December 22, 2008 at 11:27 am

J.P. Morgan, the investment banking arm of JPMorgan Chase & Company (NYSE:JPM), plans to acquire the Canadian energy operations and global agricultural business of UBS AG (NYSE:UBS) for an undisclosed ...
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The French Will Be Allowed to Invade Britain (BRK-A, CEG)

Posted: December 22, 2008 at 11:23 am

Platts is reporting this morning that the European Commission released its decision this morning regarding the buyout offer from Electricite de France (EDF) for British Energy Group plc, the UK's ...
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The Big Three and Irrational Fear of Company Failure

Posted: December 22, 2008 at 11:00 am

By John Tamny  RealClearMarketsWhen the U.S. Senate blocked Congress's attempt to save the U.S. carmakers earlier this month, White House spokeswoman Dana Perino made the claim that if federal money ...
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Are Dollar Stores Finally a Sell? (DLTR, NDN, FDO)

Posted: December 22, 2008 at 10:58 am

The ever-weakening economy is driving consumers to lower and lower priced goods.  It is called the "trade-down economy" where people buy cheaper goods rather than nothing at all.  That is ...
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CO2 Restriction Easing on Coal-fired Power Plants? (BTU, ACI, MEE, CNX, FTEK)

Posted: December 22, 2008 at 10:04 am

Last August, the US Environmental Protection Agency (EPA) ruled that a proposed coal-fired power plant in Utah did not need to file for a clean-air permit because the emissions from ...
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Elevation & Palm, Good Money Chases Bad (PALM, AAPL, RIMM)

Posted: December 22, 2008 at 9:32 am

Palm, Inc. (NASDAQ: PALM) has managed to secure an additional investment from Elevation Partners for $100 million. It is easy to understand why Palm would want the investment, but we'd ...
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A Consensus Forming That Existing General Motors (GM) Common Shares Are Worthless

Posted: December 22, 2008 at 9:18 am

On Friday, it become very apparent to us that the common equity in General Motors (NYSE: GM) will become worthless. We advised shareholders of GM that they have 60 days ...
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SINA & Focus Media Ad Combination Swap (SINA, FMCN)

Posted: December 22, 2008 at 9:11 am

SINA Corporation (NASDAQ: SINA) has agreed to buy Focus Media Holding Limited's (NASDAQ: FMCN) digital out-of-home advertising networks.  This will include a LCD display network, a poster frame network and ...
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More Bank Rate Cuts: Is China Worse Off Than Imagined?

Posted: December 22, 2008 at 8:53 am

It is not a good sign when a company cuts interest rates five times in three months. The government may be sensing more trouble in China than it is letting ...
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Top Analyst Upgrades (BKC, CS, FNF, HES, IFX, NUE, OSG)

Posted: December 22, 2008 at 8:32 am

These are the top analyst upgrades we have seen this Monday morning ahead of the opening bell:Burger King (BKC) Raised to Buy at UBS.Credit Suisse (CS) Raised to Buy at ...
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The E-Commerce Dream Turns Dark

Posted: December 22, 2008 at 8:00 am

For years, e-commerce was the bright corner of the retail business. Easier to do comparison shopping. No crowds. Free shipping.This year, online retail is looking a great deal like the ...
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