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Daily Archives: March 31, 2009

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Nice Surprise For Chrysler: S&P Cuts Fiat To “Junk”

Posted: March 31, 2009 at 1:32 pm

The Administration seems to be counting on a partnership between Chrysler and Fiat before providing federal funds to the No.3 US car company. Most observers would agree that Chrysler is ...
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Merchants Going After Credit Card Processing Fees (V, MA)

Posted: March 31, 2009 at 12:45 pm

Credit card processing fee legislation appears to be coming back.  Whether it becomes law is another matter, but merchants are going after credit card processing fees via a fight in ...
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Solarfun Renegotiates Hoku Payments (SOLF, HOKU)

Posted: March 31, 2009 at 10:47 am

A US-based subsidiary of Hoku Scientific, Inc. (NASDAQ:HOKU) and a Hong Kong-based subsidiary of Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) have renegotiated a polysilicon supply contract between Hoku and Solarfun. ...
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Job One: We now have a plan for automakers. What about their workers?

Posted: March 31, 2009 at 9:39 am

By Mark Gimein of The Big Money Does anyone still remember Roger and Me? Michael Moore's 1989 film chronicled the filmmaker's attempts to interview GM Chairman Roger Smith, whose efforts ...
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Diamonds May Not Be Forever (RTP, KGC, TIF, BRK-A)

Posted: March 31, 2009 at 9:26 am

Rio Tinto plc (NYSE: RTP) owns a majority stake in a diamond mine in Canada's Northwest Territories, and apparently has no intention of selling that stake to Kinross Gold Corp. ...
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Consumers & Purchasing, More Caution

Posted: March 31, 2009 at 9:18 am

We got another dose of bad-tasting medicine on the economic front.  After the dreaded report came from Case-Shiller on January housing data, we saw awful figures from the Conference Board's ...
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MS Setback for Acorda (ACOR, BIIB)

Posted: March 31, 2009 at 8:54 am

Acorda Therapeutics, Inc. (NASDAQ: ACOR) is taking it right on the chin this morning.  The company announced that it has received a "refuse to file letter" from the FDA regarding ...
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Ford Learns Lesson From Hyundai (F)

Posted: March 31, 2009 at 8:29 am

Hyundai has become a very successful auto company in the US if you consider the state of the auto industry and the current economy.  It's "lose your job, we take ...
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CNOOC Profits Jump (CEO, SNP)

Posted: March 31, 2009 at 8:13 am

Chinese oil producer CNOOC Ltd. (NYSE:CEO) reported annual profits for 2008 of $6.5 billion, up 42% from 2007. EPS was about $0.15. Production was up 14%, to 195.4 million barrels ...
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Government Tries Again to Get Royalty Payments (APC, BP, CVX, XOM)

Posted: March 31, 2009 at 7:43 am

Back in January a federal three-judge panel ruled that Anadarko Petroleum Corporation (NYSE:APC) was entitled to royalty relief on production from certain Gulf of Mexico leases, even though the government ...
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Top Analyst Downgrades (ACN, FCX, MBRX, NXY, PFG, RBA)

Posted: March 31, 2009 at 7:12 am

These are some of the top analyst downgrades or cautious research calls we have seen this Tuesday morning before the market opens: Accenture (ACN) Cut to Hold at Argus. Freeport-McMoRan ...
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Top Analyst Upgrades (AA, ADSK, GOOG, GES, TMX)

Posted: March 31, 2009 at 7:10 am

These are some of the top analyst upgrades and positive research calls from Wall Street this Tuesday morning.  As you will see, many of the upgrades are not exactly the ...
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KLA-Tencor Kills V-Bottom Chip Recovery Hopes (KLAC, AMAT, LRCX)

Posted: March 31, 2009 at 6:16 am

KLA-Tencor Corporation (NASDAQ: KLAC) is the second largest US-based semiconductor cap-ex stock by market cap, or at least out of the go-to universe we track with Applied Materials (NASDAQ: AMAT) ...
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Asia Development Bank Cuts China And Southeast Asia Growth Forecasts

Posted: March 31, 2009 at 5:59 am

The Asia Development Bank issued its new 2009 economic forecast. In the report the organization said the People's Republic of China is expected to expand by 7% in 2009 on the ...
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Will Wagoner End Up At Nissan/Renault?

Posted: March 31, 2009 at 5:20 am

Rick Wagoner, former CEO of GM (GM), is not old enough to retire. He has an incredible CV which includes running a huge but troubled car company for eight years. ...
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