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Daily Archives: December 26, 2008

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GMAC Could Be Almost As Large A Bailout As Big Banks

Posted: December 26, 2008 at 6:11 pm

There has been a great deal of debate about whether a car company lending arm should qualify for federal bailout funds. GMAC is no longer owned exclusively by GM (GM) ...
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Anadarko Sells Mid-Stream Assets to Itself (APC, WES)

Posted: December 26, 2008 at 12:18 pm

Western Gas Partners, LP (NYSE:WES) has completed the purchase of gas processing plants and gathering systems from Anadarko Petroleum Corporation (NYSE:APC). Western Gas was formed by Anadarko earlier this year ...
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Small-cap Oil Company Shrinks (TXCO)

Posted: December 26, 2008 at 12:13 pm

Small-cap oil producer TXCO Resources Inc. (NASDAQ:TXCO) announced a few days before the holiday that it would reduce staff by 20%, slow its fourth-quarter drilling operations, and shut-in five wells ...
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Woes in the Oil Patch (RDS.A, XOM, COP, CVX)

Posted: December 26, 2008 at 10:29 am

Flying J Oil, Inc., a privately-held oil company headquartered in Ogden, Utah, filed for bankruptcy protection under Chapter 11 on December 22nd. The company owns and operates more than 250 ...
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Projecting The 2009 Dogs of the Dow (AA, T, BAC, C, DD, GE, JPM, MRK, PFE, VZ)

Posted: December 26, 2008 at 9:27 am

The Dogs of the Dow are often misunderstood as an investment vehicle.  These are technically the 10 highest dividend-yielding stocks out of the 30 DJIA components.  The formal list of ...
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Wal-Mart (WMT) Confirms Sale of Apple (AAPL) iPhone Starting December 28th

Posted: December 26, 2008 at 9:02 am

Wal-Mart (NYSE: WMT) confirms it will sell Apple's (Nasdaq: AAPL) iPhone starting December 28th.Wal-Mart will offer the black 8 GB iPhone 3G model with the every day price of $197 ...
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When Bond Funds Change Investment Objectives (PHK)

Posted: December 26, 2008 at 9:00 am

It is no secret at all that the bond funds, particularly closed-end funds, have had a hard time in the latest credit mess.  Yet today marks perhaps a new change ...
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Holiday Success At Amazon (AMZN) Runs Against The Grain

Posted: December 26, 2008 at 8:56 am

Jeff Bezos, the founder and CEO of Amazon (AMZN) is the Internet's great escape artist. His company has been in trouble countless times only to emerge better off. He was ...
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Mr. Darwin Goes To Washington

Posted: December 26, 2008 at 6:41 am

The new Congress and administration will probably set up programs using $800 billion to create jobs. The total number of people they hope to put back to work could be ...
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Being California Gets More Expensive

Posted: December 26, 2008 at 6:27 am

Institutions that are not likely to pay their bills have to offer higher interest rates for capital. Old rule. Usually works. Credit agencies issue ratings which allow investors to decide ...
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For Retailers, The Worst Holiday Gets Worse

Posted: December 26, 2008 at 6:11 am

How can the worst retail holiday season in years get worse? It can become the worst holiday season since anyone kept accurate records. There have been signs for several weeks ...
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Media Digest 12/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 26, 2008 at 3:49 am

According to Reuters, as investors moved to cash, oil has come down, but that is not likely to last.Reuters writes that data from MasterCard (MA) shows holiday spending may have ...
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Asia Markets 12/26/2008

Posted: December 26, 2008 at 3:16 am

A number of markets in Asia were closed.The Nikkei rose 1.8% to 8,740. Investors continued to buy depressed shares in Toyota (TM).The Shanghai Composite was down .1% to 1,852.Data from ...
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