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Monthly Archives: January 2009

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S&P Takes BorgWarner Closer to Junk (BWA)

Posted: January 12, 2009 at 2:57 pm

BorgWarner Inc. (NYSE: BWA) has been a troubled company in a troubled sector.  It seems that after completing its debt rating review, Standard & Poor's has decided it doesn't like ...
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A Vicious Market Turns Against Citigroup (C), Again

Posted: January 12, 2009 at 12:28 pm

Usually when there are rumors that management is being changed at a company, its shares go up.There are stories flying around Wall St. that the Citgroup (C) chairman Win Bischoff ...
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Seagate & Storage Sector: More Pain, More Change (STX, WDC, EMC)

Posted: January 12, 2009 at 12:06 pm

You know times are more than tough when an industry's leader is caught like a roach on its back.  That is the position that Seagate Technology (NYSE: STX) finds itself ...
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The Retailers That Will Dominate Store Closings (SHLD)(M)(JWN)(TIF)(WMT)(BBY)(GPS)(M)

Posted: January 12, 2009 at 11:49 am

Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of ...
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Stuff Gets Out Of Hand At Level 3 (LVLT)

Posted: January 12, 2009 at 11:35 am

Level 3 (LVLT), the troubled telecom company is trading off nearly 25% today to $1.13 with no news. The firm carries a lot of debt at $6.4 billion and has ...
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Closing Down a Coal Mine (PCX, BTU)

Posted: January 12, 2009 at 11:17 am

Last Friday, Patriot Coal Corporation (NYSE:PCX) announced that it would close its Jupiter mine in March. The company had said in September that it planned to close the West Virginia ...
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Tale of Two Small-Cap Oil Companies (VQ, DNR, CRED)

Posted: January 12, 2009 at 11:13 am

Venoco, Incorporated (NYSE:VQ) announced this morning that it will cut its capital spending in 2009 to $150 million. As recently as last November, Venoco had planned to spend $400 million ...
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100% Buyout Premiums Still Exist (ABT, EYE)

Posted: January 12, 2009 at 10:43 am

If we told you on Friday that a decent-sized medical merger was coming with a 100% premium, you probably wouldn't have believed it.  We are having a hard time believing ...
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Goldman Sachs Thinks Oil Could Fall To $30 On Weak Fundamentals and Inventory Build

Posted: January 12, 2009 at 9:25 am

Analysts at Goldman Sachs said weak fundamentals will dominate the oil market and high inventories could result in oil prices as low as $30 per barrel this quarter. Goldman said ...
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Can Rambus Regain Its Shine? (RMBS, MU)

Posted: January 12, 2009 at 8:59 am

Calling last week a rough spot for Rambus, Inc. (NASDAQ: RMBS) might be the understatement of the year.  This was after a federal judge in Delaware ruled that the chip ...
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When Americans Save, They Are Stimulating

Posted: January 12, 2009 at 8:21 am

John Tamny RealClearMarketsAmid the U.S. economy's continuing struggles, conventional wisdom has suggested that Americans must spend in order to bring the economy out of its slump. Along those lines, a ...
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Early Bird Analyst Upgrades & Downgrades (A, GNTX, PFE, AA, AGN, HOG, PBH, SSS, STM, TEN)

Posted: January 12, 2009 at 7:31 am

These are some of the top early bird upgrades and downgrades we have seen from Wall Street analysts this Monday morning:Agilent (NYSE: A) Raised to Outperform at Baird.Gentex (NASDAQ: GNTX) ...
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Corporate Bankruptcies: The Next Hurdle For Banks

Posted: January 12, 2009 at 6:48 am

The list of problems that could hurt bank earnings is already pretty long. The first big problem was mortgage-backed securities. That was followed by consumer credit write-offs. Then came loans ...
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CBS (CBS) Loses At Musical Chairs

Posted: January 12, 2009 at 6:21 am

Shares in CBS (CBS) are down almost 65% over the last year, much more than the DJIA and other major media companies.Part of the reason is that the firm is ...
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Making Obama Wait

Posted: January 12, 2009 at 6:05 am

No one being seating in the next Congress, the 111th United States Congress, is likely to accused of beating his wife, using the wrong fork, or passing gas while speaking ...
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