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Daily Archives: March 2, 2009

Corning Talking Up LCD Business (GLW)

Posted: March 2, 2009 at 9:14 am

Corning Incorporated (NYSE: GLW) President and Chief Operating Officer Peter F. Volanakiswill address the Morgan Stanley Technology Conference in San Francisco today.  The company is updating its guidance and is ...
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Note From UBS: AT&T (T) And Verizon (VZ) Dividends OK

Posted: March 2, 2009 at 8:51 am

A positive note on the big telcos from John Hodulik at UBS. He writes: "Dividend cuts at other companies underscore strength at AT&T/VZ. With a number of large companies such ...
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Income & Spending Up In The Recession, Maybe

Posted: March 2, 2009 at 8:36 am

Personal Income & Spending for January have been released.  Personal income received by the workforce came in at +0.4%, while spending for durable goods and non-durable goods in the U.S. ...
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Goldman Sachs Upgrades AT&T (T) And Adds To Conviction List

Posted: March 2, 2009 at 8:25 am

AT&T (T) got a major upgrade this morning as Goldman Sachs moved it to "buy" and added the stock to its Conviction Buy List. Jason Armstrong said in his research ...
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DISH & EchoStar Confuse On Earnings (DISH, SATS)

Posted: March 2, 2009 at 8:22 am

DISH Network Corporation (NASDAQ: DISH) and former partner EchoStar Corp. (NASDAQ: SATS) have both reported earnings this morning. DISH (DISH) earned $0.48 EPS on a 1% decline in revenues to ...
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Early Bird Analyst Upgrades (ASCA, ABX, BX, JNS, JPM, KGC, REP, SAP, TYC, WEN)

Posted: March 2, 2009 at 7:15 am

These are some of the top pre-market analyst upgrades from Wall Street this Monday morning with well over two hours until the open: Ameristar Casinos (ASCA) Raised to Overweight at ...
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Early Bird Analyst Downgrades (CTSH, INFY, NEM, TKC, WIT, WGOV)

Posted: March 2, 2009 at 7:10 am

These are the top pre-market analyst downgrades we have seen very early this Monday morning with well over two hours until the open: Cognizant Technology (CTSH) Cut to Underperform at ...
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Calling A Foul On The Ratings Agencies: Pre-Approving AIG (AIG) Deal

Posted: March 2, 2009 at 6:42 am

Clearly feeling the need to debase themselves further after their role in the subprime mortgage mess, the two major credit agencies are signaling that they will hold their ratings on ...
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Fool’s Gold

Posted: March 2, 2009 at 6:15 am

Gold has traditionally served as a safe haven for investors in times of economic turmoil or as a store of value during inflationary periods.  The Economist recently argued that now ...
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The Toyota (TM) Prius: Supercar Hits A Road Block

Posted: March 2, 2009 at 6:05 am

Last year, Toyota (TM) announced with pride that it had sold one million units of its Prius worldwide. The car is a hybrid and one of the most successful vehicle launches ...
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HSBC (HBC) Get Money At Huge Cost

Posted: March 2, 2009 at 5:50 am

HSBC (HBC) proved two things as it raised just over $17 billion to offset substantial losses. The first is that a money center bank can still raise capital, even in ...
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Buffett Vs. Obama

Posted: March 2, 2009 at 5:08 am

On reading Warren Buffett’s much-anticipated letter to Berkshire Hathaway’s shareholders, one can’t avoid being struck by his faith in the ability of the American people to overcome adversity and to ...
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California, The Migrant’s Dream Ends

Posted: March 2, 2009 at 5:01 am

Ever since the Joads left Oklahoma’s Dust Bowl in 1939 and set out for California, people have been flocking to the most populous state in the nation for what seems ...
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Media Digest 3/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 2, 2009 at 3:52 am

According to Reuters, AIG (AIG) will receive as much as $30 billion from the government in a deal which pieces of some of the insurance company will be owned by ...
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Asia Market And Europe Open 3/2/2009

Posted: March 2, 2009 at 3:11 am

Most Asia markets were pounded down. The Nikkei fell 3.8% to 7,280. The Hang Seng was off 3.7% to 12,232. The Shanghai Composite rose .5% to 2,093. At the open ...
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