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Daily Archives: February 11, 2009

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Top Pre-Market Analyst Downgrades (ABH, BBX, XEC, LGF, HK, VTNC)

Posted: February 11, 2009 at 8:07 am

These are some of the top pre-market analyst downgrades we have seen this Wednesday morning: AbitibiBowater (ABH) Cut to Underperform at RBC. BankAtlantic (BBX) Cut to Underperform at FBR. Cimarex ...
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New Nokia (NOK) Cuts Not Good For Motorola (MOT) And Apple (AAPL)

Posted: February 11, 2009 at 6:33 am

According to several media reports, Nokia (NOK) says it will cut several hundred employees and temporarily lay off 2,500. Nokia blames the move on the declining market for handsets around ...
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Why A Sirius (SIRI) Chapter 11 Does Not Matter

Posted: February 11, 2009 at 6:22 am

It does not matter if Sirius (SIRI) goes bankrupt now. Creditors and bondholders may care. It probably will not be noticed by customers. In that way, it will be like ...
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Why Does Congress Care What Wall St. CEOs Make?

Posted: February 11, 2009 at 6:08 am

Wall St. CEOs are going to be hauled in front of Congress, as they are almost weekly, to defend their use of TARP funds. The subject of what they get ...
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China Export Drop Signals Deepening US Recession

Posted: February 11, 2009 at 5:44 am

China's exports declined 17.5% to $90.45 billion in January. By some measures, the is the biggest drop in a decade. For the same period, China's imports plunged 43.1% to $51.34 billion. Both ...
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Fighting Delays In The Bank Rescue: The Treasury Can Always Add Another $500 Billion Later

Posted: February 11, 2009 at 5:30 am

The argument over the Treasury Department’s use of new TARP funds and other stimuli focused a great deal on putting $500 billion into  propping up banks and another $1 trillion ...
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Content, Once King, Becomes A Pauper (AAPL)(YHOO)(CBS)(TWX)

Posted: February 11, 2009 at 5:24 am

Up until very recently, perhaps as recently as six months ago, the prevailing wisdom among analysts who covered the media industry was that “content is king."   It is an inexact ...
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Shorts Move Out Of Big Retail And Consumer Products

Posted: February 11, 2009 at 4:20 am

JNJ Short sellers are not willing to bet that shares in large retailers or consumer products companies will go any lower. The are gambling that consumer spending has bottomed. Shares ...
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Media Digest 2/11/1009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 11, 2009 at 3:59 am

According to Reuters, Congress and The White House are working on the final stimulus package. Reuters reports that Wall St CEOs will defend their use of bailout money before Congress. ...
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Asia Markets And Europe Open 2/12/2009

Posted: February 11, 2009 at 3:23 am

Markets in Asia were lower with Japan closed. The Hang Seng fell 2.3% to 13,561. The Shanghai Composite was off .2% to 2,281. At the open in Europe, the FTSE ...
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