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Monthly Archives: April 2009

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FASB Bring Sense, and Cents, To Banks & Mark-to-Market (C, WFC, BAC, JPM)

Posted: April 2, 2009 at 9:50 am

The Financial Accounting Standards Board, or FASB, has voted to loosen its rules for the (now dreaded) balance sheet act of mark-to-market valuation for accounting.  Many will argue that this ...
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Gold Production Expected to Fall (AU, GLD, GDX)

Posted: April 2, 2009 at 9:21 am

AngloGold Ashanti Ltd. (NYSE:AU) has indicated that first quarter 2009 production will reach just 1.1 million ounces of gold, 2.5% lower than previous guidance. The company has maintained its previous ...
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ConocoPhillips Reveals First Quarter Blues (COP)

Posted: April 2, 2009 at 8:42 am

ConocoPhillips Corporation (NYSE:COP) has released its interim update for the first quarter of 2009. The news is mixed at best.  Exploration and production was hit by low prices for both ...
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Manufacturing Output In China Expands

Posted: April 2, 2009 at 8:28 am

China's Purchasing Manager's Index rose to 52.4 in March from 49 in February, the China Federation of Logistics and Purchasing reported. A reading above 50 signals expansion. This was the ...
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Jobless Claims Keep Rising; Is It Really A Lagging Indicator?

Posted: April 2, 2009 at 7:50 am

The poor employment data from yesterday is being echoed this morning.  The weekly jobless claims from the Labor Department came in at 669,000, which  is a gain of 12,000 from ...
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IPO ALERT: Sohu.com’s Changyou.com Hits Today (SOHU, CYOU)

Posted: April 2, 2009 at 7:34 am

Sohu.com Inc. (NASDAQ: SOHU) is completing the first partial spin-off initial public offering of its Changyou.com (NASDAQ: CYOU).  This IPO will trade today and we are still awaiting the time ...
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Top Analyst Downgrades (AAP, AMZN, AZO, BDK, LAZ, MS, TXN)

Posted: April 2, 2009 at 6:42 am

These are some of the top pre-market analyst downgrades and negative research calls we have seen from Wall Street early this Thursday morning with about two hours until the market ...
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Top Analyst Upgrades (CTV, DPS, COOL, PBG, TRW, WLL)

Posted: April 2, 2009 at 6:38 am

These are the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Thursday morning: CommScope (CTV) Raised to Outperform at Baird. Dr. Pepper Snapple ...
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An Economics Lesson From Norway

Posted: April 2, 2009 at 5:16 am

Norway has something to teach almost every other nation in the developed world. Unemployment in the country moved to 2.8% last month. That is very high by Norway's standards. Last ...
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Geithner Says He Can Fire Bank CEOs

Posted: April 2, 2009 at 5:04 am

Secretary Geithner has been late to every party he has attended since talking over Treasury. His plans have often been tardy and full of holes. He seemed to redeem himself ...
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China Working On Leading Global Car Industry

Posted: April 2, 2009 at 4:33 am

Two years ago, the Chinese were viewed as car industry amateurs. Most of their design and manufacturing skills came from joint venture partners in the US and Europe. Chinese cars ...
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What If The G-20 Summit Works?

Posted: April 2, 2009 at 4:15 am

What if the G-20 is like the stock market four weeks ago? No one thought the market would go up over 20% in less than five weeks. Many people did ...
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Media Digest 4/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 2, 2009 at 3:23 am

According to Reuters, the G-20 began the work of addressing the economic crisis. Reuters reports that US auto sales may have bottomed. Reuters reports that the House backed new laws ...
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Asia Markets 4/2/2009

Posted: April 2, 2009 at 3:04 am

Markets in Asia rallied. The Nikkei rose 4.4% to 8,720. The Hang Seng was up 7.2% to 14,595. The Shanghai Composite was up .7% to 2,425. Data from Reuters Douglas ...
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The “Green” Hypocrisy: America’s Corporate Environment Champions Pollute The World

Posted: April 2, 2009 at 2:56 am

“Green is green as in the color of money” - Brand director of General Electric, Brandweek, July 26, 2006 “Greenwashing” is the act of misleading the public regarding the ...
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