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Monthly Archives: April 2009

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24/7 Wall St. G-20 Primer

Posted: April 1, 2009 at 2:23 pm

This year's first G-20, or the Group of Twenty, meeting being held in the United Kingdom is getting more coverage than perhaps any other recent G-20 meeting.  These are historic ...
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March Car Sales: When Better Is Awful (GM)(F)(TMC)(HMC)

Posted: April 1, 2009 at 2:10 pm

Like a number of other numbers which have come out in the last month, US light vehicle sales were slightly better than expected. Tell that to the US car companies ...
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Moody’s Now Calls J.C.Penney Junk (JCP)

Posted: April 1, 2009 at 12:38 pm

Moody's Investors Service put the heat on the credit ratings of J.C. Penney Co. (NYSE: JCP).  While a cut in the retail sector may not be anything shocking in this ...
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New Application Allows RIM (RIMM) Blackberry To Become A TV

Posted: April 1, 2009 at 11:22 am

Video software company QuickPlay Media has launched a new application that will allow users to watch full-length TV on a RIM (RIMM) BlackBerry. According to the company,"The monthly subscription fee-based ...
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I Just Called To Say I Own You

Posted: April 1, 2009 at 10:37 am

Apple, Google and Microsoft are muscling into the mobile phone market. What's really at stake? By Daniel Stacey of The Big Money This month's launch of Google Voice, an application ...
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More ‘Going Concern’ Notes Hitting Companies (AWBC, AHR, BWTR, CHCI, DCGN, GST, MLP, OXGN, TMI, XCR)

Posted: April 1, 2009 at 10:07 am

This might be a record year for auditor "going concern" notes being included in annual report filings with the SEC. If it isn't a record, it sure feels like it.  ...
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Newmont Divesting Indonesian Mining Interest (NEM, FCX, CVX)

Posted: April 1, 2009 at 9:53 am

A ruling by an international arbitration court will lead to the divestiture by Newmont Mining Corp. (NYSE:NEM) of a portion of the company's stake in an Indonesian mining firm. Newmont ...
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NRG-Reliant, When A Deal Looks Done (NRG, RRI, EXC)

Posted: April 1, 2009 at 9:47 am

The US Department of Justice and the Federal Trade Commission have granted NRG Energy, Inc. (NYSE:NRG) early termination of the Hart-Scott-Rodino Act waiting period related to NRG's proposed acquisition of ...
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Evidence That Manufacturing Declines Are Moderating

Posted: April 1, 2009 at 9:18 am

The Institute for Supply Management has issued some data for March showing that the decline in manufacturing has at least moderated.  The report came in at 36.3, which is above ...
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NiSource Buying Back Debt (NI)

Posted: April 1, 2009 at 9:00 am

NiSource Inc. (NYSE:NI) looks to be tendering some of its debt.  The company announced a tender offer after yesterday's close for up to $300 million of its 7.875% Notes due ...
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Wachovia Downgrades Boeing (BA) To Market Perform; Defense Growth Is Unlikely To Offset Commercial

Posted: April 1, 2009 at 8:47 am

Wachovia downgrades Boeing Company (NYSE: BA) to Market Perform. Lowers valuation range from $51-54 to $38- $40. Wachovia analyst says, "Given the declines in traffic, financing and overall aircraft demand, we ...
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Some Good News for Solar Industry? (SPIR, FSLR, SOLF)

Posted: April 1, 2009 at 8:32 am

Spire Corporation (NASDAQ:SPIR) is a small-cap supplier of turnkey solar factories and capital equipment. Its products are used to manufacture PV modules and cells. The company reported its fourth quarter ...
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Palm Dances Around April Fools With ‘Real’ Announcement (PALM)

Posted: April 1, 2009 at 8:14 am

Palm Inc. (NASDAQ: PALM) is about to make an announcement later today, if the company can keep from dancing around how it wanted to make an April Fool's joke on ...
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March Job Losses Are Huge, National Unemployment Could Hit 8.5%

Posted: April 1, 2009 at 7:59 am

Based on ADP numbers for private sector lay-offs, the official government unemployment numbers could set an all-time record. ADP says that payrolls dropped by 742,000 in March. The revised figure ...
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Goldman Sachs Raises Crude Price Targets

Posted: April 1, 2009 at 7:36 am

Goldman Sachs Group, Inc. has raised its forecast for 2009 for the price of Brent (North Sea) crude oil by 12%, to $50.20/barrel. The company attributes the rise to OPEC ...
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