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Daily Archives: April 30, 2009

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In A Race For The Economic Bottom, EU Pulls Ahead Of US

Posted: April 30, 2009 at 5:19 am

The US may have believed it had cornered the market for economic misery with back-to-back quarterly GDP drops of over 6%. But, Europe refuses to be bested. What it may ...
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bank45

A Government Bailout For IPOs

Posted: April 30, 2009 at 5:02 am

The venture capital community has made a self-serving request of the federal government, but is may not be entirely without merit. The industry's trade association "called for lower taxes and ...
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oil11

Bondholders Ditch GM (GM) And Chrysler

Posted: April 30, 2009 at 4:42 am

Nearly everyone who could keep GM (GM) and Chrysler out of Chapter 11 has gone along with supporting  painful restructuring plans. The UAW and managements at the two companies have ...
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bank44

Ken Lewis Keeps His Day Job (BAC)

Posted: April 30, 2009 at 4:26 am

Ken Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman's role from the CEO's and the bank's board was forced to ...
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bear45

The Fed: Things Will Get Better, If Everything Goes As Planned

Posted: April 30, 2009 at 3:56 am

The market continues to stage an improbable rally which should have been affected by concerns about the spread of the Swine flu virus and the fact that several large American ...
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water-lilies14

Starbucks And The Resurrection Of The Middle Class

Posted: April 30, 2009 at 3:46 am

Consumer spending by America’s large middle class is an important indicator of economic recovery.  GDP numbers from last quarter and opinions from the Federal Open Market Committee may not be ...
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newspaper29

Media Digest 4/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 30, 2009 at 2:51 am

According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman. Reuters reports that talks to keep Chrysler ...
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winter18

Asia Markets 4/30/2009

Posted: April 30, 2009 at 2:20 am

Markets in Asia rallied The Nikkei rose 3.9% to 8,826. The Hang Seng was up 3% to 15,408. The Shanghai Composite rose .4% to 2,478. A the open in Europe, ...
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