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Daily Archives: April 10, 2009

Confirmed: First-Half Budget Deficit $1 Trillion

Posted: April 10, 2009 at 1:35 pm

As 24/7 Wall St. mentioned in an earlier post, the Federal budget deficit was nearly $1 trillion. The Treasury department issued its numbers today. CBO came out with its figures ...
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Weekly AAPL Headline Roundup: April 9

Posted: April 10, 2009 at 1:08 pm

In addition to today’s Credit Suisse price target upgrade, there’s lots of interesting news for Apple in this pre-earnings (coming April 22) period. Here are the week’s top stories, aggregated ...
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Death a la Carte

Posted: April 10, 2009 at 10:18 am

It's not Google that's killing the media. By Mark Gimein of  The Big Money What you are reading now is an article, published by a Web site, The Big Money. ...
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winter5

Government Tries To Hold A Gun To The Head Of GM (GM) Creditors

Posted: April 10, 2009 at 5:14 am

The Treasury is using all of its muscle in The Motor City. Bondholders in GM (GM) and Chrysler think they may do better if the companies go bankrupt than if ...
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Banks, With Goldman Sachs (GS) Out Front, Get Ready To Raise Cash

Posted: April 10, 2009 at 4:58 am

The market capitalization of some big banks has doubled in a month. All of them will have "stress test" results from the government within a few weeks. Those that get ...
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Government Wants Bank “Stress Test” Results To Be Secret

Posted: April 10, 2009 at 4:45 am

The Federal Reserve keeps saying that many of its dealings with the financial industry must remain secret. Congress keeps insisting that no such secrets should be kept from the taxpayers who are funding ...
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bear15

Swearing Off The Habit Of Flying: Boeing (BA) Proves A Poorly Run Company Can Still Do Badly

Posted: April 10, 2009 at 4:09 am

Many people who fly on airplanes do not like it one bit.  Some of these are claustrophobic while others object to the fact that they are not allowed to smoke ...
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bank14

More Quickly Than It Began, The Great Banking Crisis Is Over

Posted: April 10, 2009 at 3:58 am

Investors find it disconcerting to see the stocks in the huge financial institutions that are at the foundation of the global capital system trading up and down 25% a day, ...
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bear14

Shorts, Back In Financials, Probably Got Buried. Cut Bets On Tech

Posted: April 10, 2009 at 3:02 am

Short sellers were figuring that after the bank rally late last month, banks shares were likely to give back some gains. That was working until Wells Fargo (WFC) reported that ...
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Media Digest 4/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 10, 2009 at 2:42 am

According to Reuters, banks have been asked to keep the results of the "stress tests" of their financial conditions confidential. Reuters reports that the Fed says its current plan is ...
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sunset7

Asia Markets 4/10/2009

Posted: April 10, 2009 at 2:17 am

Markets in Asia were higher. The Nikkei was up .5% to 8,964. The Hang Seng was closed. The Shanghai Composite was up 2.7% to 2,444. Data from Reuters. Douglas A. McIntyre ...
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