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Monthly Archives: April 2009

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Another Oilfield Services Firm Falters (BJS, HAL, WFT, SLB)

Posted: April 21, 2009 at 8:48 am

This is turning into a lousy week for oilfield services company. Today's really downbeat earnings report from BJ Services Co. (NYSE:BJS) follows on yesterday's weak reports from Halliburton Co. (NYSE:HAL) ...
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bear29

Internet Growth Walks Out On The New York Times (NYT)

Posted: April 21, 2009 at 8:12 am

If print advertising revenue had been down and Internet revenue up, there would have been some hope that The New York Times (NYT) was making a modestly successful transition online. ...
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First Solar Financing Pact Vs. Rough Sector Call From Goldman Sachs (FSLR)

Posted: April 21, 2009 at 8:07 am

A new 53 megawatt PV solar power plant is being built in Germany by First Solar, Inc. (NASDAQ:FSLR) and its German partner Juwi Holding AG. Construction began in January and ...
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Oppenheimer Hits Casual Dining (BWLD, CMG, PNRA)

Posted: April 21, 2009 at 7:40 am

Oppenheimer has started coverage several of the casual dining chains this morning.  Buffalo Wild Wings (BWLD) was initiated as an "Outperform" rating, with a 40% implied upside at a $52.00 ...
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Nouriel Roubini: Has Pessimism Worn Out Its Welcome?

Posted: April 21, 2009 at 7:13 am

Nouriel Roubini, whose pessimistic notes to investors have become redundant, has passed along his latest predictions of the economy and, to hear him tell it, we are all going to ...
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Top 10 Analyst Upgrades & Downgrades (ATI, APOL, AUO, ABX, BWLD, EXPD, HAL, JCOM, NOK, MTN)

Posted: April 21, 2009 at 6:51 am

These are the ten top analyst calls we have seen early this Tuesday morning with about two hours until the open: Allegheny Tech (ATI) Cut to Sell at Citigroup. Apollo ...
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Caterpillar (CAT): No One Wants Big Machines

Posted: April 21, 2009 at 6:45 am

Caterpillar's (CAT) first quarter results are a pretty good sign that no one wants big earth movers or machines that can move a small city from one state to another ...
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Merck (MRK): All Bad News

Posted: April 21, 2009 at 6:23 am

Merck released earnings, and cut its forecasts. No wonder. Its Q1 numbers were atrocious. Revenue  for the first quarter of 2009 was $5.4 billion, a decrease of 8%compared to the first ...
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DuPont (DD) Earnings Collapse On Flagging Demand, Firm Cuts Forecasts

Posted: April 21, 2009 at 5:19 am

DuPont ((DD) had nothing good to say about its earnings other than that they were in line with its expectations. The firm announced that net income for the first quarter ...
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Japan To Raise $109 Billion, Test Appetite For Sovereign Debt

Posted: April 21, 2009 at 5:10 am

Japan intends to raise $109 billion. It needs the money to try to halt the slide of its economy which, so far, has performed worse the most in Europe and ...
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bank30

Running The TARP On A Whim And A Prayer

Posted: April 21, 2009 at 4:59 am

Banks like Goldman Sachs (GS) are saying they want to pay their TARP loans back. They are financially healthy and don't want the government restrictions that being in the program ...
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The Administration Give GM (GM) And Chrysler Another Chance

Posted: April 21, 2009 at 4:39 am

The Administration is losing it grip on the process of restructuring the auto industry. It has let another deadline pass and will supply more  money to Chrysler and GM (GM) as ...
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bank29

Who Stole The Recovery?

Posted: April 21, 2009 at 4:17 am

The recovery from the recession looked fine until late last week. Some of the data from the government and associations that keep track of economic indicators got a bit worse. ...
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bear28

The Futility Of Great Journalism

Posted: April 21, 2009 at 4:07 am

The Detroit Free Press, one of the old city dailies, on the brink of extinction and in the shadow of the failing car industry, won a Pulitzer Prize for reporting. ...
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Media Digest 4/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 21, 2009 at 3:00 am

According to Reuters, the government will give Chrysler and GM (GM) new aid. Reuters reports that IBM (IBM) revenue fell more than expected. Reuters writes that the Treasury's plan to ...
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