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Monthly Archives: April 2009

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Media Digest 4/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 9, 2009 at 2:54 am

According to Reuters, the government's auto task force will meet with GM (GM) to push ahead its restructuring. Reuters writes that US banks may still need aid. Reuters writes that ...
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Asia Markets And Europe Open 4/9/2009

Posted: April 9, 2009 at 2:27 am

Markets in Asia were higher. The Nikkei rose 3.7% to 8,916. The Hang Seng was up 2.6% to 14,847. The Shanghai Composite rose 1.4% t0 2,380. At the open in ...
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Buffett & Berkshire: Downgraded By Their Own Kin (BRK-A, MCO)

Posted: April 8, 2009 at 4:27 pm

Berkshire Hathaway Inc. (NYSE: BRK-A) and its subsidiaries had already been on credit watch elsewhere, but there is a very interesting credit ratings downgrade that just took place.  Moody's has ...
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Nortel Unit Interest: Adding Insult To Injury (NTRLQ, NOK, SI)

Posted: April 8, 2009 at 4:00 pm

Nortel Networks Corp. (OTC: NRTLQ) may be adding some insult to serious injury.  Shares surged today, by a huge percentage basis on merely a few cents move, after the WSJ ...
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AsiaInfo Keeps CITIC & PacificInfo Shares Off Market (ASIA)

Posted: April 8, 2009 at 2:37 pm

AsiaInfo Holdings, Inc. (NASDAQ: ASIA) filed to withdraw a filing that would have allowed two large insider holders to sell  shares.  It is a bit complicated, but the long and ...
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Bank Of America (BAC) Fights Oppenheimer Over Need For Money

Posted: April 8, 2009 at 2:10 pm

Bank of America (BAC) CEO Ken Lewis has based what is left of his reputation on the fact that the firm does not need another dime in government money. As ...
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FOMC Minutes, Mostly Spin Material

Posted: April 8, 2009 at 1:14 pm

The minutes of the FOMC' March 17 to March 18 meeting are out, and the long and short of the matter is that the FOMC's decision to add massive liquidity ...
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Does Micron Really Need Cash? (MU)

Posted: April 8, 2009 at 11:21 am

Micron Technology, Inc. (NYSE: MU) is trading lower ahead of a proposed secondary offering to raise cash.  Last night, the company announced that it intends to offer common stock and ...
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Exxon/Russia: Approving Sakhalin Budget (XOM)

Posted: April 8, 2009 at 10:23 am

Exxon Mobil Corporation (NYSE:XOM) has reportedly received approval from the Russian government for its proposed budget for the Sakhalin-I project. Exxon owns 30% of the joint venture that is developing ...
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MLB Network Hits a Home Run

Posted: April 8, 2009 at 9:57 am

How baseball learned from football’s mistake and pulled off the biggest cable launch ever. By Paul Smalera for The Big Money For the past couple of weeks, Comcast (CMCSA) cable ...
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A Silver Lining in Lower Wholesale Inventories

Posted: April 8, 2009 at 9:16 am

February's Wholesale Inventory data from the U.S. Commerce Department shows a continued trend of wholesale product inventories being pruned yet again.   The reading came in at -1.5% for February, compared ...
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Atlas Lightens its Load (APL, SEP, WMB)

Posted: April 8, 2009 at 8:59 am

Atlas Pipeline Partners, L.P. (NYSE:APL) will sell its NOARK natural gas gathering and interstate transport system to Spectra Energy Partners, LP (NYSE:SEP) for $300 million in cash. The company's president ...
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Looking for Next Homebuilder Merger? (DHI, TOL, NVR, MDC, LEN, KBH, RYL, MTH, HOV, MHO, SPF, XHB, ITB, PKB)

Posted: April 8, 2009 at 8:46 am

We won't bother telling you about the homebuilder merger this morning, because we already covered it once.  But in a down and out sector, you will see that traders are ...
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Citi Initiates Coverage on Barrick Gold (ABX) with a Buy

Posted: April 8, 2009 at 8:42 am

Citi initiates coverage on Barrick Gold (NYSE: <a href="http://finance.aol.com/quotes/barrick-gold-corporation/abx/nys" title="Real-time quotes and company profile for ABX" target="_blank">ABX</a>) with a Buy. Price target $40. Citi analyst says, "We rate Barrick a ...
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ProLogis Scores On Financing and Secondary (PLD)

Posted: April 8, 2009 at 7:55 am

ProLogis (NYSE: PLD) has successfully raised the cash it was seeking.  And then some.  The warehouse and office park owner and operator REIT had originally planned to sell 115 million ...
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