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Monthly Archives: April 2009

Asia Markets And Europe Open 4/6/2009

Posted: April 6, 2009 at 2:18 am

Markets in Asia were mostly higher. The Nikkei rose 1.2% to 8,858. The Hang Seng was up 2% to 14,831. The Shangha Composite fell .2% to 2,420. At the open, ...
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Sun (JAVA) Heads Back Toward $5

Posted: April 5, 2009 at 8:08 pm

It appears that IBM (IBM) may be walking out on its deal to buy Sun Microsystems, or could just be playing hardball to lower the price it is willing to ...
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Rumor Of The Day: Goldman Sachs (GS) Will Raise Capital

Posted: April 5, 2009 at 4:47 am

There are more rumors that Goldman Sachs (GS) will pay back its TARP funds. The latest comes from the London Telegraph which says that Goldman may announce that it is raising ...
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When Do The Jobless Become The Homeless?

Posted: April 5, 2009 at 4:23 am

The federal government cannot give financial assistance to each person who losses a job for a years after they are terminated. It would cost too much. So, the current limit ...
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The Congressional Budget Office Says Taxpayers Are Shafted

Posted: April 5, 2009 at 4:07 am

The cost of the TARP is going to be more expensive than originally budgeted and the taxpayer will be left holding the bag. What a surprise. The government will underestimate ...
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Fannie & Freddie Play AIG Bonus Game, Truth or Dare? (AIG, FNM, FRE)

Posted: April 4, 2009 at 9:12 am

Did you think that American International Group Inc. (NYSE: AIG) was a cluster-something on the bonus front?  The 'retention' bonuses of some $210 million that Fannie Mae (NYSE: FNM) and ...
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The New York Times Threatens To Fold The Boston Globe

Posted: April 4, 2009 at 6:19 am

The New York Times Company (NYT) has threatened to close The Boston Globe, one of the papers on the 24/7 Wall St "Ten Major Newspapers The Will Fold Or Go ...
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First Solar Sees Less Dilution For Acquisition (FSLR)

Posted: April 3, 2009 at 11:17 am

First Solar, Inc. (NASDAQ: FSLR) has completed its acquisition of OptiSolar’s photovoltaic project pipeline.  The company said that it expects to construct the solar power plants developed under the pipeline ...
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The Anatomy of a Web Advertising Scam

Posted: April 3, 2009 at 11:03 am

Investigating the people behind those sketchy flat-stomach ads. By Chadwick Matlin for The Big Money The Internet wants me to have a flat stomach—and it wants me to have it ...
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Less Natural Gas Drilling, More LNG Imports? (BHI, LNG, BP, CHK, XTO)

Posted: April 3, 2009 at 10:36 am

We've been closely tracking the weekly rig counts published by Baker Hughes Inc. (NYSE:BHI) for a while now. Drilling for oil has slowed significantly in the US, and drilling for ...
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Legalized Medical Marijuana Company Now Public Stock, Really (CVIV)

Posted: April 3, 2009 at 8:50 am

If you thought that the legalized marijuana for medicinal purposes was a controversial, imagine how controversial it would be if a company was public in the sector of legalized marijuana.  ...
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Apple (AAPL) Without Jobs Now Seeing A Six-Month High

Posted: April 3, 2009 at 8:22 am

Apple Inc. (Nasdaq: AAPL) today is hitting levels not seen since October. Apple today crossed the $114 level and is up over 33% for 2009. Apple's stock sold off in ...
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NRG is the Company of ‘No’ (NRG, EXC, RRI)

Posted: April 3, 2009 at 8:17 am

NRG Energy Inc. (NYSE:NRG) has sent a long letter to shareholders counseling them not to vote for the new slate of directors being proposed by Exelon Corporation (NYSE:EXC).  NRG notes ...
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Kimco’s Huge Stock Offering (KIM)

Posted: April 3, 2009 at 8:04 am

Kimco Realty Corporation (NYSE: KIM) has priced its huge secondary offering of common stock.  The size was a lofty 91,500,000 shares at a price of $7.10 per share.  Shares closed ...
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Double-Digit Unemployment, Now ‘When’ Rather Than ‘If’

Posted: April 3, 2009 at 7:41 am

Unemployment is said to be a lagging indicator.  Even if we had not been calling for higher rates than this for quite some time, the data on employment is bad ...
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