Monthly Archives: April 2009

If Six “Stress Tested” Banks Need Money, Sell-Off Will Begin (BAC)(C)

Posted: April 29, 2009 at 4:49 am

Bloomberg reports that six of the 19 banks that went through the government's "stress test" program will need to raise more capital. That list probably includes Citigroup (C) and Bank of ...
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The Importance Of Paying Citigroup (C) Bankers Bonuses

Posted: April 29, 2009 at 4:31 am

Citigroup (C) has gone to the Treasury to beg for bonuses for some of its most important traders, people who make the banks extraordinary amounts of money. The Treasury's reaction ...
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More Self-Mutilation At Microsoft (MSFT) May Hold Key To Success (AAPL)(RIMM)(GOOG)

Posted: April 29, 2009 at 4:06 am

Microsoft (MSFT) has never had much success in the businesses of creating and marketing hardware. Why should it? Microsoft is the world’s largest software company. The firm has tried to ...
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Warping Economic Data For Fun And Profit

Posted: April 29, 2009 at 3:53 am

When the Case-Schiller monthly data on housing is issued, economic analysts pour over the information city-by-city to look for signs of a housing recovery. The data for February did not ...
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Media Digest 4/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 29, 2009 at 2:52 am

According to Reuters, the days of the CEOs of Bank of America (BAC) and Citigroup (C) may be numbered. Reuters reports that a deal has been reached to cut Chrysler's ...
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Asia Markets And Europe Open 4/29/2009

Posted: April 29, 2009 at 2:13 am

Markets in Asia were higher with Japan closed for a holiday. The Hang Seng rose 2.7% to 14,942. The Shanghai Composite was up 2.7% to 2,488. At the open in ...
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Bank Of America (BAC) Does Not Need $70 Billion

Posted: April 28, 2009 at 3:34 pm

Stock research firm FBR has had trouble with its analysis about the banking industry before. It recently wrote that the US banking system needs at minimum $1 trillion in new ...
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NASDAQ Reviewing Dendreon Trading Ahead of Halt (DNDN)

Posted: April 28, 2009 at 1:41 pm

Story UPDATED at 3:10 EST: 15:05:01 EST NASDAQ has reviewed the transactions under rule 11890 (b) on its own motion filing involving the security Dendreon Corp. (NASDAQ: DNDN) executed between ...
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Dendreon Controversy Continues (DNDN)

Posted: April 28, 2009 at 1:14 pm

Dendreon Corporation (NASDAQ: DNDN) was halted today at 13:27:02 ahead of the data embargo due at 2:00 PM EST. The data for its key Phase III IMPACT study for PROVENGE ...
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Verizon (VZ) Means To Undermine AT&T (T) By Any Means Necessary

Posted: April 28, 2009 at 12:53 pm

Yesterday, there were a number of rumors in the press that Verizon Wireless (VZ) (VOD) was talking with Apple (AAPL) to get a franchise to sell the iPhone after AT&T's ...
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Could Portfolio Have Survived?

Posted: April 28, 2009 at 12:37 pm

By James Ledbetter of The Big Money Last fall, I was on panel with a Portfolio writer who made a cutting remark about the vulnerability, in the age of Wall ...
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Does Ken Lewis Survive At B of A Past Wednesday? (BAC, C)

Posted: April 28, 2009 at 12:16 pm

Wednesday will potentially mark the apex for the scandals and controversy surrounding Bank of America Corporation (NYSE: BAC) as far as its role in Merrill Lynch bonuses, whether Ken Lewis ...
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Specter Senate Defection Adds To Future Vote Uncertainty

Posted: April 28, 2009 at 11:32 am

Senator Arlen Specter has decided to switch parties, according to multiple news reports. The senator from Pennsylvania is going to run in the 2010 election as a Democrat rater than ...
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AEP Doubling Renewable Energy Targets (AEP)

Posted: April 28, 2009 at 9:42 am

American Electric Power (NYSE: AEP) is increasing its push into renewable and alternative energy with a fairly lofty goal on the surface. The utility with more than 5 million customers ...
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Confidence Trying To Go Positive

Posted: April 28, 2009 at 9:09 am

The Conference Board's reading on Consumer Confidence just popped to 39.2 for the month of April. This is above a reading of 26.9 revised for March from a preliminary 26.0 ...
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