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Daily Archives: April 29, 2009

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ETF Watch: What Happened In iShares MSCI Taiwan Index? (EWT, TWN, TFC, FXI)

Posted: April 29, 2009 at 4:01 pm

Today was one of the strangest days ever in the iShares MSCI Taiwan Index (NYSE: EWT) ETF.  In fact, you rarely ever see such trading action as we saw today ...
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Chrysler Going Bankrupt

Posted: April 29, 2009 at 3:33 pm

Bloomberg  reports that Chrysler is going bankrupt. "President Barack Obama plans to announce tomorrow that Chrysler LLC will be placed into Chapter 11 bankruptcy, leading to an alliance with Italian ...
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Visa Numbers Looking Good Enough Ahead (V, MA)

Posted: April 29, 2009 at 3:28 pm

Visa, Inc. (NYSE: V) has posted earnings of $0.71 EPS and $1.6 billion in net operating revenues.  Thomson Reuters had estimates at $0.64 EPS and $1.61 billion in revenues.   This ...
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Starbucks (SBUX) Spills The Beans As Sales Drop

Posted: April 29, 2009 at 3:24 pm

Revenue for the last quarter fell at Starbucks (SBUX) by 8% to $2.33 billion. Net earnings fell 77% to $25 million and earnings per share were down by the same percentage to ...
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Confusing Buffett & Berkshire Hathaway’s 2009 Annual Meeting & Earnings Dates (BRK-A)

Posted: April 29, 2009 at 2:14 pm

There appears to be some over-reporting around the upcoming earnings date of Berkshire Hathaway, Inc. (NYSE: BRK-A) ahead of this weekend's highly anticipated annual shareholder meeting.  The media is reporting ...
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Fed Takes Less Negative Stance On Economy

Posted: April 29, 2009 at 1:27 pm

The FOMC has said that it will leave the target Fed Funds Rates between 0.00% to 0.25%.  The group also noted that the decision was unanimous and said that the ...
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Yum Chairman/CEO Novak Pockets $30M More In Stock Options (YUM)

Posted: April 29, 2009 at 12:29 pm

If you think that high compensation and getting rich on stock options was only in technology companies or on Wall Street, that is not the case.  David Novak, Chairman & ...
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BofA Needs More Time To Tally Votes on Lewis & Other Issues (BAC)

Posted: April 29, 2009 at 12:13 pm

Bank of America Corporation (NYSE: BAC) has already had all of its votes turned in on the shareholder issues up for a vote.  We have been (painfully) listening to the ...
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Massaging Bank Numbers—A How-To Guide

Posted: April 29, 2009 at 11:18 am

Now you, too, can have a great first quarter. By Martha C. White of The Big Money So you run a bank. And it's not been the smoothest sailing lately. ...
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Will Solar Conference Address Slowing Trends? (FSLR, STP, AMAT, AKNS, TSL)

Posted: April 29, 2009 at 10:49 am

Solar industry consulting firm, Solarplaza, hosting a conference on "The Solar Future" on May 26th in Munich, Germany. Speakers from First Solar, Inc. (NASDAQ:FSLR), Suntech Power Holdings Co. Ltd. (NYSE:STP), ...
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Speculative Swine Flu Stocks Giving It Back (NVAX, GNBT, BCRX, PURE, VICL, VIVO, AVII)

Posted: April 29, 2009 at 10:23 am

This week there have been many crazy stock gains among the speculative biotech sector, and these were tied directly to the 'speculative stocks' that could have any ties in reality, ...
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ArcelorMittal Needs Capital On Top of Losses (MT)

Posted: April 29, 2009 at 9:49 am

The world's largest steel maker, ArcelorMittal (NYSE: MT), is reporting quarterly results lower than even last quarter's dismal showing. Analysts weren't expecting much, and they got even less.  To add ...
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Ken Lewis Gets Backing of Shareholder Activist Evelyn Davis (BAC, BLK)

Posted: April 29, 2009 at 9:29 am

Bank of America Corporation (NYSE: BAC) just started out its annual shareholder meeting with a traditional introduction from CEO Ken Lewis.  It is no shock that he is under fire ...
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Reviewing Emerging Oil Giants Petrobras, CNOOC, and PetroChina (PBR, CEO, PTR)

Posted: April 29, 2009 at 9:15 am

Leading oil and gas industry news source, Platts, named Brazil's national oil company Petroleo Brasileiro (NYSE:PBR), aka Petrobras, its hydrocarbon producer of the year for 2008. Platts cited Petrobras for ...
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Williams and the Venezuelan Pokey (WMB)

Posted: April 29, 2009 at 9:00 am

Williams Companies, Inc. (NYSE: WMB) is getting to disclose just how fun it can be in dealing with a volatile regime in Latin America.  Venezuela is front and center, and ...
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