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Daily Archives: April 2, 2009

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Credit Card Interest Rates Keep Rising

Posted: April 2, 2009 at 4:36 pm

If you have been expecting that all of the lower rates and all of the government bailout money was going to make your credit cards cheaper, perhaps you may need ...
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Rally & IPO Reception Could Heat IPO Market Again (CYOU, SOHU, MJN, BMY, LOPE)

Posted: April 2, 2009 at 4:01 pm

It has been no secret that the market for initial public offerings has been one of the biggest ghost towns in the financial markets.  The secondary markets and the bond ...
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RIM Beats Its Own Targets (RIMM)

Posted: April 2, 2009 at 3:23 pm

Research in Motion Ltd. (NASDAQ: RIMM) posted earnings of $0.90 EPS and $3.46 billion in revenue.   Thomson Reuters (First Call) had estimates of $0.83+ EPS and $3.4 billion in revenue. ...
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S&P 500 Pushes Toward 25% Gain Since March 9th

Posted: April 2, 2009 at 1:52 pm

At 842, the S&P is pushing near a 25% gains since it bottomed for the year-to-date at 677 on March 9th. The bank stocks continue an extraordinary run over that ...
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RIM Earnings to Dictate Smartphone Trends? (RIMM, AAPL, PALM)

Posted: April 2, 2009 at 11:23 am

Research in Motion Ltd. (NASDAQ: RIMM) is set to report earnings after the close of trading today.  The maker of the BlackBerry, or 'CrackBerry,' has Thomson Reuters (First Call) estimates ...
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Why Facebook Can’t Succeed

Posted: April 2, 2009 at 11:19 am

Letting readers call all the shots is great for community but bad for business By Edmund Lee of The Big Money Facebook, the world's largest social network, suffered under the ...
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FASB Bring Sense, and Cents, To Banks & Mark-to-Market (C, WFC, BAC, JPM)

Posted: April 2, 2009 at 9:50 am

The Financial Accounting Standards Board, or FASB, has voted to loosen its rules for the (now dreaded) balance sheet act of mark-to-market valuation for accounting.  Many will argue that this ...
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Gold Production Expected to Fall (AU, GLD, GDX)

Posted: April 2, 2009 at 9:21 am

AngloGold Ashanti Ltd. (NYSE:AU) has indicated that first quarter 2009 production will reach just 1.1 million ounces of gold, 2.5% lower than previous guidance. The company has maintained its previous ...
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ConocoPhillips Reveals First Quarter Blues (COP)

Posted: April 2, 2009 at 8:42 am

ConocoPhillips Corporation (NYSE:COP) has released its interim update for the first quarter of 2009. The news is mixed at best.  Exploration and production was hit by low prices for both ...
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Manufacturing Output In China Expands

Posted: April 2, 2009 at 8:28 am

China's Purchasing Manager's Index rose to 52.4 in March from 49 in February, the China Federation of Logistics and Purchasing reported. A reading above 50 signals expansion. This was the ...
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Jobless Claims Keep Rising; Is It Really A Lagging Indicator?

Posted: April 2, 2009 at 7:50 am

The poor employment data from yesterday is being echoed this morning.  The weekly jobless claims from the Labor Department came in at 669,000, which  is a gain of 12,000 from ...
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IPO ALERT: Sohu.com’s Changyou.com Hits Today (SOHU, CYOU)

Posted: April 2, 2009 at 7:34 am

Sohu.com Inc. (NASDAQ: SOHU) is completing the first partial spin-off initial public offering of its Changyou.com (NASDAQ: CYOU).  This IPO will trade today and we are still awaiting the time ...
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Top Analyst Downgrades (AAP, AMZN, AZO, BDK, LAZ, MS, TXN)

Posted: April 2, 2009 at 6:42 am

These are some of the top pre-market analyst downgrades and negative research calls we have seen from Wall Street early this Thursday morning with about two hours until the market ...
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Top Analyst Upgrades (CTV, DPS, COOL, PBG, TRW, WLL)

Posted: April 2, 2009 at 6:38 am

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Thursday morning: CommScope (CTV) Raised to Outperform at Baird. Dr. Pepper Snapple ...
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An Economics Lesson From Norway

Posted: April 2, 2009 at 5:16 am

Norway has something to teach almost every other nation in the developed world. Unemployment in the country moved to 2.8% last month. That is very high by Norway's standards. Last ...
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