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Daily Archives: February 23, 2009

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AIG’s (AIG) Plan To Bleed The Government Dry

Posted: February 23, 2009 at 7:19 pm

Management at AIG (AIG) has calculated exactly how much money the Treasury and Fed will have access to after all of the TARP, financial stimulus, and mortgage bailout projects have ...
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The U.S. Does A Little Begging In China

Posted: February 23, 2009 at 6:51 pm

By Douglas A. McIntyre, 24/7 Wall St. for DailyFinance.com China owns, by most accounts, the largest pool of U.S. Treasuries in the world. It continues to buy them, helping the ...
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JPMorgan (JPM) Trades A Dividend For A Rainy Day Fund

Posted: February 23, 2009 at 5:34 pm

To hear the management at JPMorgan (JPM) talk, the bank does not have to cut its dividend, but it would be nice to keep the extra money each quarter, just ...
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JPMorgan Chase All But Murders Its Dividend (JPM)

Posted: February 23, 2009 at 4:55 pm

As we have been expecting in the banking sector, JPMorgan Chase & Co. (NYSE: JPM) is leading the way for more and more banks to cut their dividends.  The company ...
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Nordstrom Earnings & Outlook: When Bad Is Good Enough (JWN)

Posted: February 23, 2009 at 4:26 pm

Nordstrom Inc. (NYSE: JWN) reported terrible earnings.  Interestingly enough, the report from the high-end retailer  is looking "good enough" when you consider the state of many retailers. (more...) ...
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The 52-Week Low Club (AIG)(ADBE)(SCHW)(INTC)

Posted: February 23, 2009 at 3:47 pm

Intel (INTC) Tech loses its immunity. Concerns about PC and server sales. Drops to $12.05 from 52-week high of $25.29. Schwab (SCHW) Retail traders fleeing the market? Falls to $12.10 ...
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Does Intel Need Cash? (INTC)

Posted: February 23, 2009 at 2:54 pm

Intel Corporation (NASDAQ: INTC) has filed an automatic shelf registration statement with the SEC.  This will allow the company or holders to sell securities from time to time.  As with ...
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The 24/7 Wall St.-Channel Checkers Survey: Apple (AAPL) Sales Soft In February

Posted: February 23, 2009 at 2:04 pm

According to the 24/7 Wall St.-Channel Checkers Survey, Apple (AAPL) iPod and Mac sales remained soft in February. The current check was finished two days ago. Based on data from ...
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When Stockpiling Gold Becomes Hoarding Gold (STT, GLD)

Posted: February 23, 2009 at 11:20 am

An affiliate of State Street Corporation (NYSE: STT) reported this morning that its ETF SPDR Gold Trust (NYSE: GLD) has amassed more than $30 billion in assets. That makes the ...
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Ford (F) Agreement With UAW Pressures GM (F)

Posted: February 23, 2009 at 10:56 am

Ford (F) has come to an agreement with the UAW which will cut the car company's costs enough so that it can afford to pass on taking any money from ...
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What About Hydrocarbons In Stimulus Package?

Posted: February 23, 2009 at 10:34 am

The $797 billion economic stimulus bill signed by the president last week includes about $8 billion to $9 billion in federal money to push research and development on clean energy. ...
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Odd Merger: Middle East & Chemicals, Redux (NCX, ROH, DOW)

Posted: February 23, 2009 at 10:22 am

Nova Chemicals Corp. (NYSE: NCX) is the largest percentage winner on the NYSE today.  It is up about 300%.  Yep 300...  The company is being acquired in a deal involving ...
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Beacon Power Gets a Grid Connection (BCON, AEP, NGG)

Posted: February 23, 2009 at 9:56 am

In a deal that is more valuable for demonstration purposes than for real income, Beacon Power Corporation (NASDAQ:BCON) will install a 1-megawatt flywheel-based frequency regulation facility at an American Electric ...
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Looking For “Value” In Blue Nile (NILE)

Posted: February 23, 2009 at 9:51 am

Blue Nile Inc. (NASDAQ: NILE) has been battered during the recession.  While its woes may be far from over, it seems that at least one analyst is trying to call ...
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Deutsche Bank Slashes Price Target On General Electric (GE); Valuing GE Capital at Zero, Sees Further Equity Injections

Posted: February 23, 2009 at 9:23 am

Deutsche Bank cut its price target on General Electric (NYSE: GE) from $17 to $12, saying it is prudent to value GE Capital at zero.  The firm sees a modest ...
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