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Monthly Archives: March 2009

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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burning-money-pic40

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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Top Analyst Downgrades (BCS, CBY, CBS, LFC, CHL, DBD, ELX, NCR, PHG, QSII)

Posted: March 30, 2009 at 6:24 am

These are some of the top pre-market analyst downgrades and negative analyst calls we have seen from Wall Street firms this Monday morning: Barclays (BCS) Cut to Sell at Societe ...
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Car Company Chapter 11 Still Not An Option For Government

Posted: March 30, 2009 at 5:27 am

The US car companies still have an ace in the hole. The Administration cannot take Chrysler and GM (GM) into bankruptcy without the probability that it will severely undermine stimulus ...
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bank41

UBS (UBS) Signal: Bank Losses To Heat Up Again

Posted: March 30, 2009 at 5:01 am

(more...) ...
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oil11

Fixing The Car Companies: Does Chrysler’s Nardelli Get To Keep His Job? (TM)(GM)(F)(HMC)

Posted: March 30, 2009 at 4:51 am

The current word in the news media is that Chrysler chief Robert Nardelli will keep his job, unlike his counterpart at GM (GM). That seems odd since, so far, the ...
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newspaper27

The Financial News Cycle Turns Ugly

Posted: March 30, 2009 at 4:37 am

In early March, the financial news began to turn good, Citigroup (C) said it has been profitable for the first two months of the year. There were several M&A deals ...
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water-lilies10

IBM And Its Workers: A War Of Silence Vs. Loquaciousness

Posted: March 30, 2009 at 4:12 am

IBM (IBM) will fire or is firing 5,000 US workers. The press has several reports describing how the functions of these people will be replaced. Workers in India will probably ...
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bear28

The G-20 Summit: Obama Can Stay Home

Posted: March 30, 2009 at 4:08 am

The G-20 “crisis summit” looks like it will turn into a crisis all its own. For the weeks leading up to the meeting there has been hope that the nations ...
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bank40

Saving Las Vegas One Airplane Ticket At A Time (WYNN)(LCC)(MGM)

Posted: March 30, 2009 at 3:56 am

One of the largest casino projects in history almost fell apart last week. CitiCenter, an $8.7 billion casino being built in Las Vegas, came close to losing a critical piece ...
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Media Digest 3/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 30, 2009 at 3:00 am

According to Reuters, the Administration has forced GM (GM) CEO Rick Wagoner out of his job. Reuters reports that in an FT interview Obama said the G-20 nations should send ...
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