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Monthly Archives: March 2009

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Fitch Ratings Looks at Refiners (VLO, FTO, TSO)

Posted: March 23, 2009 at 8:26 am

Fitch Ratings published a short report on the effect of the compression in crude oil spreads on refiners. We looked at this phenomenon about a month ago. Fitch concludes that ...
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Treasury’s Toxic Asset Plan Still Leaves Many Questions

Posted: March 23, 2009 at 8:19 am

Timothy Geithner's plan from the Treasury to get rid of toxic assets from banks and financial institutions' balance sheets is out.  What is certain here in the plan is that ...
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Tax Deductions Compromise the Tax Debate

Posted: March 23, 2009 at 8:10 am

John Tamny of RealClearMarkets In a 1924 speech before the National Republican Club, President Calvin Coolidge observed "that when the taxation of large incomes is excessive, they tend to disappear." ...
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Oil Sands Universe Just Got Simpler (SU, PCZ, TOT, ENY)

Posted: March 23, 2009 at 7:33 am

Two of the largest players in the Canadian oil sands, Suncor Energy Inc. (NYSE: SU) and Petro-Canada (NYSE:PCZ) announced that Suncor will acquire Petro-Canada in a deal valued at $15.5 ...
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Analysts Start Mead Johnson Coverage (MJN

Posted: March 23, 2009 at 7:06 am

Mead Johnson Nutrition Company (NYSE: MJN) has reached the end of its analyst quiet period where the firms who underwrote the deal can now begin their ratings coverage.  This was ...
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Top Analyst Upgrades & Downgrades (A, CRA, CNQR, GLW, AZO, BHP, CERN, GOL, ORLY)

Posted: March 23, 2009 at 6:50 am

These are the top pre-market analyst upgrades and downgrades we have seen with just about two hours until the market opens this Monday morning: Agilent (A) Raised to Outperform at ...
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Some Hope For Ford (F) As Abu Dhabi Puts Cash In Daimler

Posted: March 23, 2009 at 5:11 am

Ford (F) is in the best financial health of The Big Three. Its position could improve more, at least temporarily, if its deals to cut debt and reset its contract ...
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Finding A Job Trumps MySpace

Posted: March 23, 2009 at 4:45 am

In a world where thousands of US workers lose their jobs everyday, chatting and sharing personal feelings with friends is getting run over by the need to find employment. According ...
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Skype: The Best Things In Life Are Free

Posted: March 23, 2009 at 4:29 am

Getting people to pay for something that they are used to getting for free is nearly impossible. The newspaper industry is finding that out the hard way as it tries ...
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The Princes Of Anarchy

Posted: March 23, 2009 at 4:14 am

The members of The American Society of Half-wits were out in force on the weekend Washington talk shows. The regular guests must have been off celebrating the holiday that falls ...
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The Recession Fighters’ Caravan Moves Back To Detroit

Posted: March 23, 2009 at 4:03 am

The team that plans to bring the economy out of the recession is a bit like a traveling circus. Once every few days, it stops on Wall St., the metaphor ...
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Media Digest 3/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 23, 2009 at 2:58 am

According to Reuters, the US will woo private capital to get buyers for bank toxic assets. Reuters reports that US shoppers are likely to remain frugal. Reuters reports that US ...
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Asia Markets 3/23/2009

Posted: March 23, 2009 at 2:20 am

Markets in Asia were sharply higher The Nikkei rose 3.4% to 8,216. The Hang Seng was up 3.7% to 13,207. The Shanghai Composite was up 2% to 2,325. Data from ...
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As Americans Make More Coffee At Home, Starbucks (SBUX) Faces Trouble

Posted: March 22, 2009 at 6:54 am

The recession is claiming another American habit. People are not going out to drink coffee. They are making it at home, probably to save money. The National Coffee Association, which ...
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At $218 Million, AIG (AIG) Bonuses Higher Than Originally Believed

Posted: March 21, 2009 at 9:51 am

There was at least some chance that the furor over $165 million in bonuses paid to AIG (AIG) employees might die down this upcoming week. Because the insurance company got ...
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