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Daily Archives: May 14, 2009

Short Sales, and the Uptick Rule Revisited

Posted: May 14, 2009 at 7:07 am

By John Tamny of RealClearMarkets While the recent rebound in share prices has perhaps reduced some of the more strident calls for its reinstatement, the abolishment of the uptick rule ...
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Medarex Positive Data in Rheumatoid Arthritis Trial (MEDX)

Posted: May 14, 2009 at 7:05 am

Medarex, Inc. (NASDAQ: MEDX) announced that its wholly owned MDX-1100 met its primary endpoints for patients receiving methotrexate in a Phase II 'proof of concept' trial in patients with active ...
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Top 10 Analyst Upgrades & Downgrades (AZN, BAS, BRNC, BCS, DB, PCS, MYL, PTEN, PDC, WSH)

Posted: May 14, 2009 at 6:24 am

These are the top 10 early bird analyst upgrades and downgrades we have seen in Wall Street research calls early this Thursday morning with over two hours until the market ...
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Sunset

Wal-Mart (WMT) Defies Gravity

Posted: May 14, 2009 at 6:19 am

Based on Wal-Mart's (WMT) earning for the quarter ending April 30, the world's largest retailer did better than it was supposed to. The company reported EPS of $.77 at the ...
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oil

If Oil Demand Is Falling, Why Are Prices Going Up?

Posted: May 14, 2009 at 5:04 am

The International Energy Agency, the gold standard for forecasting global supply and demand for crude oil, says that the world will need 2.56 million barrels per day less than it ...
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Water lilies

How Long Does Sony’s (SNE) CEO Stringer Keep His Job?

Posted: May 14, 2009 at 4:42 am

Sir Howard Stringer is the first non-Japanese to run Sony (SNE) and putting him into the job was probably a mistake. He was promoted to "re-invent" the company. Instead, he ...
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Winter

Henry Paulson Waterboarded The Banks

Posted: May 14, 2009 at 4:29 am

It is old news that Henry Paulson forced major banks and brokerages to take TARP money at meetings on October 13 of last year. But, it is nice to have ...
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bank

Adios To The Car Dealer

Posted: May 14, 2009 at 4:15 am

Chrysler and GM (GM) propose closing 3,000 dealers in an effort to save money by narrowing down their distribution networks. Some of the larger dealers probably employ 100 people. In ...
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Blue hills

The Texas Fire Ant Puzzle: Innovation And The Recession

Posted: May 14, 2009 at 4:04 am

A huge population of red ants has bedeviled Texas farmers for years. By some estimates the insects cost state businesses close to $1 billion a year due to crop and ...
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newspaper

Media Digest 5/14/2009 Reuters, WSJ, NYT, FT, Bloomberg

Posted: May 14, 2009 at 2:58 am

Reuters   Obama hopes to have healthcare bill by July Reuters   Documents on Paulson's meetings with banks forcing them to take TARP have been released Reuters   Banks sued MBIA (MBI) over its ...
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Sunset

Asia Markets And Europe Open 5/14/2009

Posted: May 14, 2009 at 2:22 am

Markets in Asia fell sharply. The Nikkei was off 2.6% to 9,094. The Hang Seng was down 3.3% to 16,501. The Shanghai Composite fell .9% to 2,640. At the open ...
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