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Daily Archives: April 28, 2009

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Bank Of America (BAC) Does Not Need $70 Billion

Posted: April 28, 2009 at 3:34 pm

Stock research firm FBR has had trouble with its analysis about the banking industry before. It recently wrote that the US banking system needs at minimum $1 trillion in new ...
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NASDAQ Reviewing Dendreon Trading Ahead of Halt (DNDN)

Posted: April 28, 2009 at 1:41 pm

Story UPDATED at 3:10 EST: 15:05:01 EST NASDAQ has reviewed the transactions under rule 11890 (b) on its own motion filing involving the security Dendreon Corp. (NASDAQ: DNDN) executed between ...
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Dendreon Controversy Continues (DNDN)

Posted: April 28, 2009 at 1:14 pm

Dendreon Corporation (NASDAQ: DNDN) was halted today at 13:27:02 ahead of the data embargo due at 2:00 PM EST.  The data for its key Phase III IMPACT study for PROVENGE ...
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Verizon (VZ) Means To Undermine AT&T (T) By Any Means Necessary

Posted: April 28, 2009 at 12:53 pm

Yesterday, there were a number of rumors in the press that Verizon Wireless (VZ) (VOD) was talking with Apple (AAPL) to get a franchise to sell the iPhone after AT&T's ...
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Could Portfolio Have Survived?

Posted: April 28, 2009 at 12:37 pm

By James Ledbetter of The Big Money Last fall, I was on panel with a Portfolio writer who made a cutting remark about the vulnerability, in the age of Wall ...
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Does Ken Lewis Survive At B of A Past Wednesday? (BAC, C)

Posted: April 28, 2009 at 12:16 pm

Wednesday will potentially mark the apex for the scandals and controversy surrounding Bank of America Corporation (NYSE: BAC) as far as its role in Merrill Lynch bonuses, whether Ken Lewis ...
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Specter Senate Defection Adds To Future Vote Uncertainty

Posted: April 28, 2009 at 11:32 am

Senator Arlen Specter has decided to switch parties, according to multiple news reports.  The senator from Pennsylvania is going to run in the 2010 election as a Democrat rater than ...
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AEP Doubling Renewable Energy Targets (AEP)

Posted: April 28, 2009 at 9:42 am

American Electric Power (NYSE: AEP) is increasing its push into renewable and alternative energy with a fairly lofty goal on the surface.  The utility with more than 5 million customers ...
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Confidence Trying To Go Positive

Posted: April 28, 2009 at 9:09 am

The Conference Board's reading on Consumer Confidence just popped to 39.2 for the month of April.  This is above a reading of 26.9 revised for March from a preliminary 26.0 ...
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Case-Shiller: Just Being Less Poor In Housing Prices (XHB)

Posted: April 28, 2009 at 9:00 am

There is some good news on the housing front, although this "good news" may only be a relative issue and we are having to go back to February in this ...
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French Company Surrenders in Takeover Battle (TOT, SU, PCZ, TCK)

Posted: April 28, 2009 at 8:44 am

French supermajor oil company Total SA (NYSE:TOT) has let its offer for Canada's UTS Energy Corporation expire. Total failed to get tenders for two-thirds of UTS's shares, and has directed ...
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Canadian Solar Soaking China’s Sun, and Money (CSIQ)

Posted: April 28, 2009 at 8:28 am

Solar maker Canadian Solar Inc. (NASDAQ:CSIQ) is incorporated in Canada, but all operations are based in China. The company has announced that three Chinese banks will kick in a total ...
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Global Wind Leader Vestas Slashes Jobs As Revenue & Income Rise

Posted: April 28, 2009 at 8:22 am

Vestas Wind Systems A/S is a company that many U.S.-based green and renewable energy investors may either not know at all or only know by name.  But the Danish company ...
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Refiner’s Earnings Mixed (VLO, MRO, TSO)

Posted: April 28, 2009 at 7:46 am

The best thing to say about the 2009 first quarter at refiner Valero Energy Corporation (NYSE:VLO) is that it was better than the first quarter a year ago. Refining margins ...
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Nuveen Launches 4 Closed-End Muni Funds (NCB, NJV, NYV, NPN)

Posted: April 28, 2009 at 7:44 am

Nuveen Investments has completed the initial public offering of four new state-specific closed-end funds for municipal bind investors. The funds will begin trading on the NYSE Amex today and the ...
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