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Monthly Archives: January 2009

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Crypt Alert: T. Boone Pickens & $100 Oil, Maybe, Again (CLNE)

Posted: January 7, 2009 at 7:01 am

T. Boone Pickens may still have some relevance in the media and in oil circles.  And he may not.  The oil magnate made a call late yesterday that oil could ...
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Satyam Turns Out to be a House of Cards (SAY, INFY, WIT, PIN, EPI, IFN)

Posted: January 7, 2009 at 6:38 am

If you are one of those who cannot stand Indian IT-outsourcing firms, you probably just got another feather in your cap. India's Satyam Computer Services Ltd. (NYSE: SAY) is turning ...
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Bank Stocks Could Drop By Half This Year (BAC)(JPM)(WFC)(C)

Posted: January 7, 2009 at 6:35 am

Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at ...
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China Car Sales: The End Of Hope For US Auto Firms

Posted: January 7, 2009 at 6:20 am

It is the Year of the Rat in China. Perhaps they could change that to the Year of the Dog so that it would be in keeping with the general ...
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Winter

The Growing Trend Of Profitable Firms Firing People (AA)(IBM)

Posted: January 7, 2009 at 6:00 am

It would be hard to miss the headline that Alcoa (AA) fired 15,000 people yesterday. The actions of big companies are probably a much better indicator for what is ahead ...
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A Trillion Dollars: The Check Is In The Mail

Posted: January 7, 2009 at 5:42 am

The Obama team has owned up to the fact that aiding the crippled economy will put the US budget into a trillion dollar deficit. It has gone so far as ...
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Media Digest 1/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 7, 2009 at 4:05 am

According to Reuters, Alcoa (AA) will fire more than 13,000 people.Reuters reports that Apple (AAPL) disappointed with no Jobs or big announcements at Macworld.Reuters reports that GM (GM) says government ...
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Empire

Asia Markets And Europe Open 1/7/2008

Posted: January 7, 2009 at 3:22 am

Markets in Asia were mixed.The Nikkei rose 1.7% to 9,239.The Hang Seng was down 3.3% to 14,992.The Shanghai Composite was down .7% to 1,924.At the open, the FTSE was off ...
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Toll’s CEO Toll Still Unloading Toll Stock (TOL)

Posted: January 6, 2009 at 5:54 pm

Homebuilders are supposed to be a winners under the new tax incentive plan and with mortgages now priced at less than 5%.  But after the close came a filing showing ...
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La Jolla Gets More Hope (LJPC, BMRN)

Posted: January 6, 2009 at 5:01 pm

La Jolla Pharmaceutical Company (NASDAQ: LJPC) has been more than just a troubled biotech.  It has even been considered an at-risk entity by some traders after it had been down ...
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Metal Loses It Mettle: Alcoa (AA) Cuts Like Crazy Even Though It Is Profitable

Posted: January 6, 2009 at 4:39 pm

Alcoa (AA) announced that it will fire 13,500 people and 1,700 contractors. The full-time people are 13% of the firm's work force. Alcoa will also freeze hiring and salaries and ...
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Enterprise Products Raising Cash (EPD)

Posted: January 6, 2009 at 4:24 pm

Enterprise Products Partners L.P. (NYSE: EPD) has announced that it will sell 8,600,000 common units in a secondary offering.  The units represent limited partner interests rather than traditional shares seen ...
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Bank Of America (BAC) Won’t Hit Its Numbers

Posted: January 6, 2009 at 4:06 pm

The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take ...
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More Observations On The Economy, And None Of Them Good

Posted: January 6, 2009 at 3:48 pm

Going back a year it would have been very hard to find more than a handful of economists who believe that a global recession would potentially drive down GDPs in ...
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Moody’s Cuts Wells Fargo Debt Ratings (WFC)

Posted: January 6, 2009 at 3:44 pm

It really is a wonder how and why the debt ratings agencies still have any merit or use at all, but for now they still have some pull.  Moody's has ...
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