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Monthly Archives: March 2009

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If AIG Really Needs Another $234 Billion…. (AIG)

Posted: March 26, 2009 at 10:21 am

American International Group Inc. (NYSE: AIG) looks to be in the soup again.  Reports of two top executives in Paris quitting the firm may leave AIG with a big black ...
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RIP, MBA

Posted: March 26, 2009 at 10:10 am

The economic crisis has exposed the myth of business-school expertise. By Matthew Stewart of The Big Money Put your ear to the ground near any business school campus, and you ...
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Buckeye Offers More Units (BPL, BGH)

Posted: March 26, 2009 at 9:17 am

Pipeline master limited partnership Buckeye Partners, L.P. (NYSE:BPL) is offering 2.6 million new common units at a price of $36.25/unit. The number of units offered was raised from an initial ...
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Wall St. To Move To Socialism

Posted: March 26, 2009 at 9:17 am

It looks like Treasury Secretary Geithner wants to completely socialize Wall St. and set up a level of regulation that will cover anything in the financial industry which has a ...
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Deutsche Bank Says Palm (PALM) Will Hit $12

Posted: March 26, 2009 at 8:29 am

Deutsche Bank raised its price target on Palm (Nasdaq: PALM) from $10 to $12 yesterday and also maintained its Buy rating. Deutsche remains confident about the Palm Pre and said ...
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Once Again, Tim Geithner Gets It Exactly Wrong

Posted: March 26, 2009 at 8:23 am

By John Tamny of RealClearMarkets The Dow Jones Industrial Average rallied 6 percent on Monday after the announcement of Treasury secretary Tim Geithner's latest bank relief plan. The stock surge ...
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Goldman Digs The R-I-M (RIMM)

Posted: March 26, 2009 at 8:22 am

Research in Motion Ltd. (NASDAQ: RIMM) is soaring this morning on an analyst research note.   Goldman Sachs has said that traders should buy the stock ahead of next week's ...
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Denbury Resources Hits the Big Time (DNR, ROH, DOW)

Posted: March 26, 2009 at 7:48 am

Oil and gas E&P company Denbury Resources Inc. (NYSE:DNR) will be added to the S&P 500 after trading closes on April 1st. Denbury replaces Rohm and Haas Co. (NYSE:ROH), which ...
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Jobless Claims: The Hope of Less Misery

Posted: March 26, 2009 at 7:39 am

The jobs data is not getting better yet.  This last week's jobless claims increased by an adjusted 8,000 to 652,000 in the March 21 week.  Last week's jobless claims were ...
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Top Analyst Upgrades & Downgrades (BCE, GOOG, IACI, SYMC, VCLK, CSL, CEO, JNS, MFE, SOLF)

Posted: March 26, 2009 at 7:26 am

These are the top pre-market upgrades and downgrades we have seen from Wall Street this Thursday morning: BCE (BCE) Started as Overweight at Thomas Weisel. Google (GOOG) Raised to Buy ...
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Expert Predicts Oil Price Spike, But May Be Wrong

Posted: March 26, 2009 at 6:35 am

The legions of experts who think oil prices will move sharply higher soon is increasing. Part of the logic behind expectations of higher crude prices is that a long period of low ...
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Pimco Says Fed Is Underfunded

Posted: March 26, 2009 at 6:27 am

To further add to the confusion about how much money the federal government will need to stimulate the economy out of recession, Pimco, the huge bond house, says that the ...
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Nintendo Goes For Coup De Grace In Video Game Business

Posted: March 26, 2009 at 5:15 am

Nintendo already has a significant lead in the game console business. Its Wii routinely outsells the Microsoft (MSFT) Xbox 360 and Sony (SNE) PS3. The Japanese company seems to think ...
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Commercial Real Estate Is Snake In The Grass For Banks

Posted: March 26, 2009 at 4:53 am

The price of bank stocks is some indication that Wall St. believes that the industry is coming out of the woods. But, even if toxic assets can be sold off of ...
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Still No Road To Recovery In Detroit (F)(GM)

Posted: March 26, 2009 at 4:41 am

The Administration's blue ribbon panel assigned the task of  deciding what should happen to GM (GM) and Chrysler has, as would be expected, said that it wants to keep the ...
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