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Daily Archives: January 16, 2009

Layoff Watch: 11,000 From GE (GE)?

Posted: January 16, 2009 at 2:03 pm

According to Bloomberg, GE (GE) may layoff as many as 11,000 people at its financial unit."General Electric Co.’s finance arm may cut 7,500 to 11,000 jobs, or at least 10 ...
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Astonishing Worker Layoff Count Today (PFE)(WLP)(PFE)(HTZ)(AMD)

Posted: January 16, 2009 at 1:02 pm

Looking at the headlines at WSJ.com, the majority are about large companies that cut workers today. Circuit City is liquidating, which could put 30,000 people out of work. AMD (AMD) ...
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Will Big Oil Go Shopping? (XOM, CVX, RDS, BP, COP, APA, DVN, APC)

Posted: January 16, 2009 at 11:48 am

Yesterday's story about Venezuela opening the bidding for its oil resources raised an interesting question. What are the chances that Exxon Mobil Corporation (NYSE:XOM), with nearly $40 billion in cash ...
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Circuit City’s Hari Kari

Posted: January 16, 2009 at 11:37 am

Today marks the official death of Circuit City Stores, Inc.  All hopes of reviving or saving all or part of the company are gone.  The company is now officially seeking ...
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Paulson Predicts Banks Are Done For, Shares Drop (AIG)(FNM)(FRE)(C)(JPM)(BAC)(WFC)

Posted: January 16, 2009 at 11:23 am

It has begun to dawn on investors. The news about Bank of America (BAC) and Citigroup's (C) fourth quarter earnings is the beginning of the end of the private enterprise ...
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Cosmetics Companies Down The Recession Drain (EL, RDEN, AVP, BARE, REV)

Posted: January 16, 2009 at 10:30 am

Husbands have long joked that certain segments in their households, such as cosmetics and personal beauty care products, were largely immune from recessions.  Many will still joke about this, but ...
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Deutsche Bank Comments on GM, Saying Operationally Things Look Good But Stock Still A Zero

Posted: January 16, 2009 at 9:18 am

Analysts at Deutsche Bank commented on General Motors (NYSE: GM) after the company presented additional details of its restructuring plan at the Detroit Auto Show Conference on Thursday. They said ...
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Schwab’s Numbers Down, But Now The Envy of Wall Street (SCHW)

Posted: January 16, 2009 at 9:17 am

Charles Schwab Corp. (NASDAQ: SCHW) results might not be that great compared to before, but they may be the envy of Wall Street.  The online discount broker not only made ...
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Consumer Deflation, The Risks Are Real

Posted: January 16, 2009 at 8:38 am

The December Consumer Price Index, or CPI measuring consumer-level inflation, is showing that the risks to deflation are real.  Low prices are good.  Low prices that go lower can generate ...
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Citigroup (C): Two Businesses Need Two CEOs

Posted: January 16, 2009 at 8:06 am

Buried a bit in the news that the government had entered into a definitive agreement to share losses on $301 billion of Citigroup's toxic assets and the announcement that the ...
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Top Pre-Market Analyst Upgrades (BKS, BCO, K, NAV, OCR, SONS, TKC)

Posted: January 16, 2009 at 7:56 am

These are some of the top pre-market analyst upgrades we have seen early this Friday morning:Barnes & Noble (BKS) Raised to Neutral at JPMorgan.Brink's (BCO) Started as Outperform at Oppenheimer.Kellogg ...
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Top Pre-Market Analyst Downgrades (ABB, BCS, CPO, CYNO, FFIV, GG, HMA, HBC, MBT, NWS, TRI, VIA, VIP)

Posted: January 16, 2009 at 7:53 am

These are some of the top pre-market analyst downgrades we have seen early this Friday morning:ABB (ABB) Cut to Neutral at Goldman Sachs.Barclays (BCS) Cut to Sell at RBS.Corn Products ...
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A Two-Year Drought In Oil Prices

Posted: January 16, 2009 at 7:17 am

If there was ever any concern that consumers would face higher gas prices, many are now assuming that this economic worry may be gone. And the case for deflation is ...
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Sony Ericsson Results: The Age Of The Cellphone Gets Interrupted

Posted: January 16, 2009 at 6:41 am

Sony Ericsson, by most measures the fourth-largest handset company in the world, missed analysts' estimates for the last quarter. The age of the endless growth of cellphone purchases may have ...
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Citigroup (C): Rebuilt Against Its Will

Posted: January 16, 2009 at 6:23 am

The rehabilitation and restructuring of Citigroup (C) was supposed to take months, or maybe a year. The big bank got a cash infusion when it sold a part of Smith ...
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