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Monthly Archives: April 2009

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Bank of America’s (BAC) Lewis Sold CFO His Porsche

Posted: April 26, 2009 at 6:29 am

Bank of America's CEO Ken Lewis sold his CFO Joe Price a Porsche in 2007. According to SmarTrend, "While the details of the sale remain private, the transfer itself raises ...
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Regions Financial (RF), Fifth Third (FITB), And Keycorp (KEY) Are Probably Banks That Failed Stress Test

Posted: April 25, 2009 at 8:59 am

Experts have told The Wall Street Journal that they think several of the banks which failed the government's stress tests are in the Midwest and Southeast. According to the paper, "Three people ...
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Four More Banks Fail: Stress Testing FDIC

Posted: April 25, 2009 at 8:06 am

Since four more banks have just failed, the question is bound to come up when the FDIC will run low on money and have to go begging to the Treasury. ...
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Government Slips Another $2 Billion Into GM’s (GM) Pocket

Posted: April 25, 2009 at 7:06 am

It makes the federal government look weak. GM (GM) got another $2 billion to stay afloat while it negotiates with the UAW and creditors. Both parties have to assume that ...
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Auto Future: ‘The Big 3′ Becomes ‘The Big 2′ (F, GM, DAI)

Posted: April 25, 2009 at 7:05 am

"The Big 3" is now likely more than ever about to become a term of the past.  Chrysler looks like it may be the first one out, and the question ...
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Just How Bad Are Things At Campbell Soup? (CPB)

Posted: April 24, 2009 at 2:44 pm

After perusing the list of 52-week lows this afternoon, there was a surprising name: Campbell Soup Co, (NYSE: CPB).  Shares are trading down over 3% and south of $25.00 late ...
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Stress Test Criteria, Very Conservative

Posted: April 24, 2009 at 1:26 pm

TARP, TALF, PPIP.  TBTF.  How many more acronyms can we have?  Today's Stress Test might as well just be called the "ST."  Technically, this is called the Supervisory Capital Assessment ...
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Are Lower Rig Counts Stabilizing? (BHI, OIL)

Posted: April 24, 2009 at 12:29 pm

Baker Hughes Inc. (NYSE: BHI) has its weekly rig count out, and we are still losing rigs in the oil and gas sector.  Somehow our inventories keep building to near-record ...
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Moody’s Likes What It Sees at Comcast (CMCSA)

Posted: April 24, 2009 at 10:54 am

Comcast Corporation (NASDAQ: CMCSA) received a subtle yet rather large compliment from a ratings agency this morning.  Moody's raised its rating on the company's long-term senior unsecured debt further up ...
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Google (GOOG): A Big Android Push In Europe

Posted: April 24, 2009 at 10:46 am

Google's (GOOG) push in the US to sell handsets using its Android operating system is being hurt by the fact that its cellular partner is T-Mobile, a distant fourth in market share the America. Android ...
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The Tesla-Tata Road Race

Posted: April 24, 2009 at 10:34 am

Both automakers have the potential to become the car company of the future. By Matthew DeBord of The Big Money The automobile is down—in fact, it probably hasn't been this ...
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Homebuilder ETFs Run On Housing Data (XHB, ITB)

Posted: April 24, 2009 at 9:12 am

The new home sales data is showing a very mixed bag, with a bit of a positive twist to it. We are seeing a run up in the SPDR S&P ...
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Best Performing Sectors In Last Month: Hotel REITs, Home Furnishings, Car Rentals

Posted: April 24, 2009 at 8:54 am

Based on the TickerSpy index of major industry sectors, hotel REITs had the best performance of any group measured, up almost 60%.  At the head of the industry were Diamondrock ...
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Host Joins REITs Raising Cash (HST)

Posted: April 24, 2009 at 8:34 am

Host Hotels & Resorts, Inc. (NYSE: HST) has completed a secondary offering that raised some needed cash for the company.  The hotel-REIT priced a secondary offering of 66,000,000 shares of ...
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SunPower In the Shade (SPWRA, WFR, FSLR, LDK)

Posted: April 24, 2009 at 8:22 am

One of the stalwarts of the solar business, SunPower Corporation (NASDAQ:SPWRA), has reported an EPS loss of -$0.06 on revenues of $214 million for the 2009 first quarter. Analysts had ...
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