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Daily Archives: March 30, 2009

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Tax Incentives & Government Guarantees For Autos (F, GM, BWA, TEN)

Posted: March 30, 2009 at 3:50 pm

This morning we already knew that General Motors Corporation (NYSE: GM) has 60 days and Chrysler has 60 days until D-Day.  The Obama administration pledged that GM brands will be ...
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AEP Double Stumble: Stock Offering & Earnings Warning (AEP)

Posted: March 30, 2009 at 3:25 pm

American Electric Power (NYSE: AEP) has done a dual dig on itself after the close, and it was on top of a bad market day.  The company has just lowered ...
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Intel’s New Chip: All The Support, No Help (INTC, HPQ, DELL, IBM, JAVA, AMD)

Posted: March 30, 2009 at 2:27 pm

New product launches are always tricky events.  This is definitely the case with new chips and new processors for computing.  Intel Corp. (NASDAQ: INTC) did confirm its new chipset offering ...
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The Government Crackdown on Peer-to-Peer Lending

Posted: March 30, 2009 at 1:22 pm

Just when Americans need small loans the most, the SEC shuts down innovative lenders. By Hans Eisenbeis of The Big Money The Internet has spawned many regrettable things, such as ...
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Morgan Stanley, Stating The Obvious, Says Stocks Ran Up Too Fast

Posted: March 30, 2009 at 1:17 pm

Even a school child knows that when stocks move up over 20% in two weeks that the odds of a sell-off are extremely high. At some point even the most ...
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Chrysler: No Deal With Fiat?

Posted: March 30, 2009 at 1:10 pm

After making it look like a deal with Fiat was done, Chrysler had to back track on statements to the effect. Chrysler initially said that, "We are pleased that Chrysler, ...
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S&P Cuts Ireland; Financial Potato Famine (IRE, AIB, IRL, ELN)

Posted: March 30, 2009 at 12:12 pm

It is not very frequent that you see an English-speaking country take a sovereign credit ratings agency downgrade.  That would  indicate the government is one step farther away from being ...
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DryShips, Going, Going, Concern (DRYS)

Posted: March 30, 2009 at 9:35 am

DryShips Inc. (NASDAQ: DRYS) is trading down hard today on a note from the accountants.  The company's auditors have a "going concern" noted in the annual report on the company's ...
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CF Says ‘No’ Again (AGU, CF)

Posted: March 30, 2009 at 8:51 am

Agrium Inc. (NYSE:AGU) sweetened its cash offer for CF Industries Holdings, Inc. (NYSE:CF) by more than 10% last week. CF Industries has rejected the latest offer, repeating what has become ...
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China Barely Makes Money On Oil (SNP, CEO

Posted: March 30, 2009 at 8:44 am

Chinese oil giant China Petroleum & Chemical Corp., usually called Sinopec, (NYSE:SNP) reported that annual earnings were off 47% for 2008, compared with 2007. The report includes only annual numbers; ...
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Arena’s Real Issue: Drugs Vs. Gym & Behavior Modification (ARNA)

Posted: March 30, 2009 at 8:36 am

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is getting shelled this morning.  The company released "positive study data" this morning on trials for its obesity treatment Lorcaserin.  But the real issue around ...
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Citigroup (C) and GM (GM) Out of The Global Dow, Is Dow 30 Next?

Posted: March 30, 2009 at 8:31 am

Citigroup (NYSE: C) and General Motors (NYSE: GM) were removed from the The Global Dow, a relatively new index from Dow Jones Indexes, the same group that puts together the ...
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Layne Christensen Misses by a Mile (LAYN)

Posted: March 30, 2009 at 8:16 am

Water and energy services firm Layne Christensen Company (NASDAQ:LAYN) missed analysts' estimates of quarterly EPS of $0.40, coming in at $0.24 excluding an impairment charge of $16.1 million. Including the ...
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The Importance of Healthy Overseas Tax Havens

Posted: March 30, 2009 at 7:28 am

John Tamny of RealClearMarkets For those of us interested in taxes, probably the most important words Supreme Court Justice Louis Brandeis ever wrote had to do with the essential importance ...
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Top Analyst Upgrades (CHD, GPS, REGN, VOD)

Posted: March 30, 2009 at 7:07 am

The land of analyst upgrades and positive research calls from Wall Street looks pretty thin early this Monday morning: Church & Dwight (CHD) Raised to Outperform at Oppenheimer. Gap Inc. ...
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