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Monthly Archives: January 2009

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Greenstreet SPAC Dies, Before Even Launching

Posted: January 9, 2009 at 9:52 am

Another Special Purpose Acquisition Company, or SPAC, has bitten the dust.  This one bit the dust before it even launched.  In a filing with the SEC, Greenstreet Acquisition Corp. is ...
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Morgan Joseph Upgrades Palm (PALM) to Buy On The New Pre

Posted: January 9, 2009 at 9:40 am

Morgan Joseph upgrades Palm (NASDAQ: PALM) to Buy with a $6.50 price target, following the intro of the Palm Pre.The firm said, "Yesterday, Palm introduced what we believe is an ...
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Russia, Ukraine, Europe.. Good Cop, Bad Cop

Posted: January 9, 2009 at 9:40 am

It seems that the odd nature of natural gas supplies to Europe from Russia may be taking a turn toward normalcy.  At least whatever that means in Russia and anyone ...
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7.2% Unemployment Will Only Get Worse From Here

Posted: January 9, 2009 at 8:46 am

It seems that Donald Trump is in charge everywhere if you look at the most recent data from the Labor Department: everyone is fired. Today's report could have gone much ...
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The Horrible Jobs Report May Save The Economy

Posted: January 9, 2009 at 8:35 am

By most estimates the report on December unemployment could hardly have been worse. Many experts believe that 500,000 jobs would be lost and that unemployment would rise to 7%. The ...
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KB Home & Dr. Pangloss (KBH)

Posted: January 9, 2009 at 8:25 am

KB Home (NYSE: KBH) and the housing sector is far from out of the woods.  Even if you pretend your name is Dr. Pangloss it is hard to find some ...
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Best Buy (BBY) Craters, Market Yawns

Posted: January 9, 2009 at 8:14 am

No one is his right mind is likely to be happy with the Best Buy (BBY) numbers for December. Same-store sales dropped 6.5%. Sales rose a modest 4% to $7.5 ...
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Top Pre-Market Analyst Upgrades (MDRX, BDX, ED, CRXL, CSX, RTN, SGR, SNN)

Posted: January 9, 2009 at 7:23 am

These are the early bird upgrades and positive analyst calls we have seen from Wall Street this Friday morning:Allscripts-Misys (NASDAQ: MDRX) Raised to Outperform at William Blair.Becton Dickinson (NYSE: BDX) ...
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Top Pre-Market Analyst Downgrades (ALU, BRLI, GPS, GD, PCK, PSO, PAS, PTR, PKX, RTP, COL, WXS)

Posted: January 9, 2009 at 7:17 am

The rate of downgrades versus upgrades is still coming out with a much more negative bias from Wall Street.  These are some of the downgrades and negative research calls we ...
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Why Madoff Doesn’t Matter

Posted: January 9, 2009 at 6:55 am

A rough count would show that something like a quarter of the business coverage at most financial websites and in the financial sections of newspapers is devoted to the Bernie ...
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Posted Without Comment: Microsoft (MSFT) Wants Yahoo! (YHOO) Deal

Posted: January 9, 2009 at 6:32 am

According to the FT, "Steve Ballmer, Microsoft’s chief executive officer, has increased the pressure on Yahoo to hand over control of its search business to his software company."And: "The best ...
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Keeping The UAW Off The Picket Lines

Posted: January 9, 2009 at 6:25 am

In the game of chess over how Detroit can be saved, one of the moves has been to try to keep the UAW from striking. A strike could end any ...
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Obama’s Allies On Stimulus Package Turn Against Him

Posted: January 9, 2009 at 6:01 am

It did not take long for the Congressional attacks on the Obama stimulus package to begin. That should have been expected from the Republicans, but the more spirited disagreement with ...
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Second-guessing Paulson On TARP

Posted: January 9, 2009 at 5:34 am

The committee assigned by Congress to keep track of whether the Treasury has spent the money from the TARP wisely has come out with its latest report which keelhauls Henry ...
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Media Digest 1/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 9, 2009 at 3:56 am

According to Reuters, the world is waiting on US jobs data to measure recession.Reuters reports that a Congressional panel is upping criticism of the Treasury.Reuters reports that corporate fraud scandals ...
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