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Monthly Archives: February 2009

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Bailout Funds For The News Industry

Posted: February 23, 2009 at 5:18 am

One of the oldest newspaper chains, Journal Register, went bankrupt late last week. It had too much debt and too little operating income. The daily newspapers in Philadelphia have also ...
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Why Yahoo! (YHOO) Doesn’t Matter

Posted: February 23, 2009 at 5:11 am

Every time there is news about the internet portal Yahoo! (YHOO), it makes the front pages. The only story about Yahoo, however, that deserved attention was the monstrous violation of ...
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angrybear9

Eastern Europe Throws Another Anchor Around the EU’s Neck

Posted: February 23, 2009 at 5:04 am

The deterioration of Eastern European economies poses a major threat to the Western European financial system.  During the boom years leading up to the financial crisis Western European banks were ...
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Media Digest 2/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 23, 2009 at 3:53 am

According to Reuters, the US government may take a 40% interest in Citigroup (C). Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM). Reuters reports ...
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jap4

Asia Markets And Europe Open 2/23/2009

Posted: February 23, 2009 at 3:20 am

Most markets in Asia were higher. The Nikkei fell .5% to 7,376. The Hang Seng was up 4% to 13,208. The Shanghai Composite moved up by 6% to 2,306 At ...
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data1

Sort Of Nationalizing Citigroup (C)

Posted: February 22, 2009 at 9:24 pm

The Wall Street Journal says that the federal government is in talks to put more capital into Citigroup (C) and may end up owning 40% of the big banks. According ...
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What Nationalization of Banks REALLY Means (C, BAC, WFC, JPM, BRK-A, AIG, FNM, FRE)

Posted: February 21, 2009 at 12:37 pm

There is a fear in America today, and it is a real one.  It is part of the reason you keep seeing destruction of value in the stock market every ...
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$800 or $1,200 Gold, Panic Vs. Inflation, ETF’s (GLD, UGL, DZZ, DGP, DGZ, GDX)

Posted: February 21, 2009 at 8:43 am

We have probably covered more gold stocks over the last couple of months than we care to recall, but we have been getting more and more inquiries on the ETF's ...
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Banks: A No Promise Promise From The White House (BAC)(C)

Posted: February 21, 2009 at 8:32 am

The White House said that the President is in favor of keeping the US banks private. That caused a mild rally in their shares yesterday after they had dropped like rocks ...
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sad_clown9

The 52-Week Low Club (WFC)(C)(BAC)(GE)(GM)

Posted: February 20, 2009 at 4:29 pm

Citigroup (C) Worries about bank nationalization take shares to $1.61 from 52-week high of $27.35. Bank of American (BAC) Ditto. Down to $2.53 from 52-week high of $43.50. Wells Fargo ...
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Under $10.00… Is GE Really A Bank? (GE, BAC, C)

Posted: February 20, 2009 at 12:04 pm

Today marks a monumental moment for the markets.  The DJIA has broken through some of the major key support levels of November 2008, and now the questions are mounting over ...
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Beacon Dims on New Financing (BCON)

Posted: February 20, 2009 at 11:03 am

Beacon Power Corporation (NASDAQ:BCON) is developing a patented flywheel energy storage product, and the going is getting tough. The company today announced an $18 million investment from a private equity ...
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Tesoro Facing Sharp Price-Revenue Issues (TSO)

Posted: February 20, 2009 at 11:01 am

Oil refiner Tesoro Corporation (NYSE:TSO) reported fourth quarter earnings of $317 million (EPS of $0.99), excluding special items. On a GAAP basis, the company earned $97 million (EPS of $0.70). ...
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Anglo American is Digging a Big Hole (AAUK, RTP, ACH, AU, ABX, NEM)

Posted: February 20, 2009 at 10:49 am

The bigger they are, the more noise they make when they fall. British miner Anglo American plc (NASDAQ:AAUK) has canceled its dividend for the fourth quarter, suspended its $4 billion ...
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Petrobras to Get Chinese Dollars (PBR, SNP, XOM, CVX)

Posted: February 20, 2009 at 9:32 am

The China Development Bank appears to be following the maxim of uber-capitalist Warren Buffet: Be fearful when others are greedy, and be greedy when others are fearful. This week the ...
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