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Daily Archives: January 26, 2009

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Layoff Hurdles Make 9% Unemployment Look Optimistic (HD, S, CAT, IBM, NOV)

Posted: January 26, 2009 at 9:01 am

We have been tracking the layoffs and the weekly jobless claims to figure out what they mean for the economy.  Just this morning we noticed many job cut announcements from ...
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Barclays plc (BCS) Surges After Addressing Concerns, Sees ’08 Profit and No Further Capital Raises

Posted: January 26, 2009 at 8:53 am

After being absolutely pummeled last weak on nationalization concerns, shares of Barclays plc (NYSE: BCS) are up 40% in overseas and pre-open U.S. trading after the company said it sees ...
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Unemployment Start To Track To 9%: Sprint (S) Fires 8,000 (VOD)(VZ)(T)

Posted: January 26, 2009 at 8:27 am

Sprint (S) weakened by an eroding position in the US cellular business as it losses subscribers to Verizon Wireless (VZ)(VOD) and AT&T (T) and rocked by the broadening recession, fired ...
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McDonald’s (MCD): No Longer On Steroids, Stock Off On Earnings

Posted: January 26, 2009 at 8:18 am

The need for more and more people to have inexpensive and convenient food may be tailing off. McDonald's (MCD) fourth quarter results were lackluster. . Net income fell 23% to ...
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Caterpillar Run Over By Own Tracks (CAT)

Posted: January 26, 2009 at 8:03 am

If you were hoping that Caterpillar Inc. (NYSE: CAT) was going to pull a miracle out of the hat with earnings, Monday is going to be a cold day regardless ...
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Another Layoff Shock: Caterpillar (CAT) To Cut 20,000

Posted: January 26, 2009 at 7:42 am

Caterpillar (CAT) said it had a good year in 2008 and even a reasonable fourth quarter. But, its prospects for this year are so bad that it will dump 20,000 ...
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Top Pre-Market Analyst Upgrades (GSK, JPM, LEAP, MS, NLS, PSO, PETM, TOT)

Posted: January 26, 2009 at 7:06 am

These are some of the top pre-market analyst upgrades we have seen early this Monday morning with more than two and a half hours to the market open:GlaxoSmithKline (GSK) Started ...
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Top Pre-Market Analyst Downgrades (BAC, BBBY, BHP, C, CNH, LECO, SNY, USB)

Posted: January 26, 2009 at 7:04 am

These are some of the top pre-market analyst downgrades and negative calls from Wall Street we have seen early this Monday morning with more than two and a half hours ...
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Yahoo! (YHOO) CEO Comes To Market With Game Plan

Posted: January 26, 2009 at 6:33 am

Yahoo!'s (YHOO) new CEO, Carol Bartz, gets to run the company's earnings cal this week. The results from the fourth quarter will probably be bad. It is hard to imagine ...
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The Netbook Breaks The PC Industry’s Back (AMD)(INTC)(HPQ)(DELL)(MSFT)

Posted: January 26, 2009 at 6:23 am

Many PC analysts thought that the "netbook" would be a toy. Sitting someplace between regular laptops and smartphones, the little PCs would not have the processing power and screen sizes ...
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Detroit’s Plans Face Harsh Reality As Toyota (TM) Makes Huge Cut Forecast

Posted: January 26, 2009 at 6:09 am

Toyota (TM) is the most successful car company in the world based on any important measurement. It is No.1 in global sales, profits, and has an impressive balance sheet especially ...
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A Major Resurrection Of The M&A Industry Is Coming (PFE)(WYE)

Posted: January 26, 2009 at 5:51 am

The Pfizer (PFE) deal to buy Wyeth (WYE) for $68 billion looks like a single M&A deal which will break the drought in investment banking activity, but only for a ...
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No New News: Banks Won’t Lend Money

Posted: January 26, 2009 at 5:28 am

Despite getting cash from the government, banks aren't lending more money. It makes a good headline, but it does not have any shock value. Why would anyone be surprised?According to ...
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Wasting Time At Davos

Posted: January 26, 2009 at 5:11 am

David Paterson, the governor of New York State, will be attending the World Economic Forum in Davos this week, along with aides and several state troopers, sparking rumors that Switzerland ...
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Farewell To Madoff, Who Leaves Us Too Soon

Posted: January 26, 2009 at 5:06 am

Bernie Madoff is like an elderly relative who brought shame and notoriety to his family and to his profession. The community at large can not get enough news about him.There ...
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