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Daily Archives: April 7, 2009

Top Analyst Upgrades (ADBE, ALGT, AXP, DRIV, GMR, MSFT, NFLX, OMTR, CRM, SYMC)

Posted: April 7, 2009 at 6:52 am

These are some of the top analyst upgrades or positive initiations we have seen early this morning with about two hours until the open: Adobe Systems (ADBE) Raised to Outperform ...
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IMF Says Toxic Asset Damage Getting Much Worse

Posted: April 7, 2009 at 6:16 am

Every time the IMF issues an estimate for the cost of the losses from toxic assets at the world's financial institutions, the numbers get worse. According to the Times, ";Toxic debts racked ...
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oil2

GM’s (GM) Future May Ride On Two Wheels And Not Four

Posted: April 7, 2009 at 5:15 am

GM's (GM) domestic car sales are off almost 50% this year, so selling cars is no longer the company's strength. Since it is an auto firm, coming up with an ...
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bank9

Freezing The Pay Of Everyone In America

Posted: April 7, 2009 at 5:00 am

One alternative path to firing people used by some companies is to freeze the pay of  employees. In some cases firms have such tremendous revenue problems that they lay off people ...
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bear10

Another Setback But Blockbuster (BBI) Is Likely To Survive

Posted: April 7, 2009 at 4:45 am

Blockbuster's (BBI) auditors gave the company a "going concern" letter which is often a kiss of death. The document is a way for the accounting firm to say the operation is ...
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bear9

Making The Markets Nervous: Annual Federal Deficit Already $1 Trillion

Posted: April 7, 2009 at 4:30 am

The Congressional Budget Office issued its estimate for the deficit created in the federal government's fiscal first half, which ended on March 31. The number was $953 billion. Depending on ...
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Capitalism Finally Takes Root In Russia

Posted: April 7, 2009 at 3:55 am

The people in a perfect society should all earn nothing, or alternatively, should all earn the same amount, depending on the interpretation of the most important Communist manifestos. The exception ...
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bank8

Banks Are Worth What Their Stock Prices Say They Are

Posted: April 7, 2009 at 3:46 am

Several prominent bank analysts came out with statements yesterday saying that the largest US financial firms would post more heavy losses and that their accounting methods would obscure the worst ...
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Media Digest 4/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 7, 2009 at 2:56 am

According to Reuters, some members of Congress were unhappy with Defense budget cuts. Reuters reports that Americans are more optimistic about the economy since Obama came into office, according to ...
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sunset42

Asia Market And Europe Open 4/7/2009

Posted: April 7, 2009 at 2:23 am

Markets in Asia were narrowly mixed. The Nikkei fell .2% to 8,833. The Hang Seng was off .5% to 14,917. The Shanghai Composite rose .8% to 2,435. At the open ...
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