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Monthly Archives: May 2009

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Media Digest 4/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 4, 2009 at 3:08 am

According to Reuters, if the big transportation bill does not pass states will miss out on funds for roads, bridges, and tunnels. Reuters reports that Buffett attacked bank "stress tests." ...
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Asia Markets Rally, Europe Open 5/4/2009

Posted: May 4, 2009 at 2:31 am

Markets in Asia rallied and Japan was closed for a holiday. The Hang Seng was up 4.8% to 16,290. The Shanghai Composite was up 3.2% to 2,560. In Europe, UK ...
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The Sun Sets On BusinessWeek, Forbes, And Fortune

Posted: May 3, 2009 at 6:30 pm

The May 11 issue of Fortune Magazine is a perfect demonstration of what the three largest business magazines have done for decades. Its cover story, “How Bernie Did It’ is ...
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Obama: Wrong That Wall St. Will Shrink (MS)(GS)

Posted: May 3, 2009 at 5:31 am

Wall St. is not going to be as big a player in the economy as it has been, if President Obama is right. He may not be. Commenting on how ...
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Dendreon Insiders Unload Stock (DNDN)

Posted: May 2, 2009 at 11:54 am

There was an interesting twist in the ongoing Dendreon Corp. (NASDAQ: DNDN) story that developed after 5:00 PM Friday.  There was a whole series of FORM 4 filings insider sales ...
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“Stress Tests” Point To Need For $150 Billion? Speculation Becomes Absurd

Posted: May 2, 2009 at 6:46 am

How much will the 19 banks that were subjected to the government's "stress test" need to raise? No one knows and guesses range as high as $150 billion. But, guesses ...
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Government And Citigroup (C) Do Battle Over $10 Billion

Posted: May 1, 2009 at 10:18 pm

The government says that Citigroup (C) needs to raise $10 billion. Citi believes otherwise. According to The Wall Street Journal, if the bank's view of its status prevails, "Citigroup could wind ...
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April Car Sales: Worse For The Japanese Than Detroit (TM)(HMC)(GM)(F)

Posted: May 1, 2009 at 1:49 pm

In a bit of a role reversal, the US light vehicle  sales of the large Japanese car companies did worse than The Big Three for the month of April. But, ...
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Buffett & Berkshire Primer Ahead of Annual Meeting (BRK-A, BRK-B, BNI, USG, TIF, HOG)

Posted: May 1, 2009 at 12:38 pm

This weekend will mark the annual shareholder meeting for Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).  In the past, this has been considered the Financial Woodstock.  But this is a ...
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Lower Rig Counts Still Stabilizing (BHI, USO)

Posted: May 1, 2009 at 12:14 pm

Baker Hughes Inc. (NYSE: BHI) has released the weekly rig counts.  The bad news is that these rig counts are still declining.  The good news is that this really appears ...
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Diamondback Energy Services Cancels IPO

Posted: May 1, 2009 at 11:22 am

Diamondback Energy Services, Inc. has filed with the SEC to withdraw its filing for an initial public offering of common stock.  It actually looks like the first filing goes all ...
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Taking the Economy’s Temperature—Via Newspapers

Posted: May 1, 2009 at 10:56 am

Dow Jones says it can measure economic sentiment by reading the press. By Nancy Miller of The Big Money Just as a technological revolution is blowing up newsrooms across the ...
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SEQUENOM’s Next Wave of Issues: Lawyers (SQNM)

Posted: May 1, 2009 at 9:43 am

Sequenom, Inc. (NASDAQ: SQNM) is trading higher today after the huge implosion yesterday.  With a short interest of close to 30% of its whole float and with day traders and ...
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Factory & Manufacturing Data, Mixed to ‘Less-Bad’

Posted: May 1, 2009 at 9:16 am

The Institute for Supply Management released its manufacturing data for April and we also saw March Factory Orders. The April data from the ISM looks favorable compared with March and ...
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JPMorgan Cuts Banks: Reflections on Its Own Business (JPM, BAC, C, USB, WFC, STI, BRK-A)

Posted: May 1, 2009 at 8:51 am

J.P. Morgan Chase & Co. (NYSE: JPM) has issued a negative bank research call for the major money center and super-regional banks this morning.  Bank of America Corporation (NYSE: BAC), ...
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