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Monthly Archives: March 2009

Piper Jaffray Upgrades Palm (PALM) To Buy Despite Warning

Posted: March 4, 2009 at 9:21 am

Depsite last night's third quarter warning, Piper Jaffray is upgrading shares of Palm (Nasdaq: PALM) today from Neutral to Buy and lifting its price target from $4 to $10. Piper ...
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New Crude Benchmark in the Works?

Posted: March 4, 2009 at 9:21 am

Oil industry information leader Platts has proposed establishing a new assessment for sour crude produced in North and South America. The benchmark would be called the Americas Sour Marker (ASM), ...
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BJ’s vs. Costco vs. Big Lots (BJ, COST, BIG)

Posted: March 4, 2009 at 9:16 am

We have two entirely different reports this morning in the big box retail sector, and a wild card underdog winner.  BJ's Wholesale Club Inc. (NYSE: BJ) reported better-than-expected results, while ...
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How Good is the NRG-Reliant Deal? (NRG, RRI, EXC)

Posted: March 4, 2009 at 8:51 am

The offer from NRG Energy, Inc. (NYSE:NRG) to buy the retail business of Reliant Energy Inc. (NYSE:RRI) for $287.5 million has now drawn some attention from Fitch Ratings. As one ...
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Traders Tiptoe Into VeriFone (PAY)

Posted: March 4, 2009 at 8:49 am

VeriFone Holdings Inc. (NYSE: PAY) is finally getting a look from traders this morning after the company's earnings report.  The earnings were not without problems, and the guidance was not ...
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Top 10 Analyst Upgrades & Downgrades (ALTR, XLNX, BMRN, FWLT, PALM, VRTX, EIX, MGM, POM, TIF)

Posted: March 4, 2009 at 7:53 am

These are the top 10 analyst calls we have seen this Wednesday morning with about two hours until the market opens: Altera (ALTR) and Xilinx (XLNX) Raised to Overweight at ...
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China Goes Nowhere Without The US

Posted: March 4, 2009 at 6:32 am

News that a measure of manufacturing activity in China took a tick up in February put analysts into a fever of excitement. The Shanghai Composite moved up 6%. The rally ...
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Google (GOOG) Admits It Business Is Challenged By Recession

Posted: March 4, 2009 at 6:19 am

It is probably a pretty fair guess that Google (GOOG) will have a poor quarter and that the stock is heading for new lows. Eric Schmidt, the search company's CEO,  ...
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A Waste Of Effort: Amazon (AMZN) To Market Books On Apple (AAPL) iPhone

Posted: March 4, 2009 at 5:55 am

The Apple (AAPL) iPhone may be good for a lot of things, but reading electronic books is not one of them. The screen on the device is so small that ...
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Merrill Lynch: Bankers Deserve $10 Million

Posted: March 4, 2009 at 5:39 am

The Wall Street Journal decided to give Merrill Lynch, now part of Bank of America (BAC) a hard time for paying some of its investment bankers and traders more than ...
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Can The US Economy Eat Eight Million Jobs This Year?

Posted: March 4, 2009 at 5:18 am

Using the US government’s count, about 2.4 million people lost their jobs in America last year. That does not include people who have been jobless for an extended period and ...
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As Car Sales Collapse, Hyundai Becomes The Most Successful Car Company In America

Posted: March 4, 2009 at 5:01 am

Hyundai is now the most successful car company in the US and it has the numbers to prove it. It has come up with a way to sell cars to ...
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Media Digest 2/3/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 4, 2009 at 4:01 am

According to Reuters, Obama spoke about the economy with optimism as his aides defended the budget. Reuters reports that a Senate panel will question Swiss banking's secrecy policy. Reuters reports ...
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Asia Markets And Europe Open 3/4/2009

Posted: March 4, 2009 at 3:24 am

Markets in Asia were higher The Nikkei rose .9% to 7,291. The Hang Seng gained 2.8% to 12,375. The Shanghai Composite was up 6.1% to 2,198 At the open in Europe, ...
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Microsoft (MSFT) Gambles Users Will Tire Of Google (GOOG)

Posted: March 3, 2009 at 8:05 pm

By Douglas A. McIntyre of 24/7 Wall St. for DailyFinance.com Microsoft (MSFT) will begin to kick the tires on its new search engine. According to The Wall Street Journal, "Microsoft ...
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