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Monthly Archives: May 2009

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Chevron Clears Low Bar (CVX, XOM)

Posted: May 1, 2009 at 8:17 am

Chevron Corporation (NYSE:CVX) reported EPS for the first quarter of 2009 of $0.92, down 64% from EPS of $2.48 for the same period a year ago, but better than consensus ...
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Print Advertising At The Washington Post Down 33%, Kaplan Sales Bolster Top Line

Posted: May 1, 2009 at 7:44 am

The Washington Post (WPO) turned in earnings that showed just how important it is that the company owns the Kaplan education business. That results at Kaplan helped offset a 33% ...
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NRG Wins In Reliant Deal (NRG, RRI, EXC)

Posted: May 1, 2009 at 7:37 am

NRG Energy Inc. (NYSE:NRG) has completed its $287.5 million cash acquisition of Texas retail business of Reliant Energy Inc. (NYSE:RRI). This could have an impact on the ongoing battle over  ...
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Top 10 Analyst Calls (AMSF, AMCC, DMND, DLB, GDP, FLO, QLGC, RHT, SONS, URBN)

Posted: May 1, 2009 at 6:51 am

These are ten of the top research calls with upgrades and downgrades from Wall Street analysts this Friday morning: Amerisafe (AMSF) Raised to Outperform at Oppenheimer. Applied Micro Circuits (AMCC) ...
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Home Sales Show No Sign Of Recovery As Mortgage Rates Hit New Lows

Posted: May 1, 2009 at 5:04 am

Freddie Mac (FRE) reports that mortgage rates are at record lows with 30-year fixed-rate loans down to 4.78% The drop does not seem to be doing much for the housing ...
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Government Moves Toward Releasing Detailed Stress Test Results

Posted: May 1, 2009 at 4:51 am

Shares in some large banks are about to plunge. Reuters reports that "U.S. officials are leaning towards announcing the `stress test' results of individual banks next week instead of just ...
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Citigroup (C) Starts To Dig Out Of Its Hole

Posted: May 1, 2009 at 4:34 am

Bank examiners wearing black suits and white shirts have already been to the Citigroup (C) headquarters in Manhattan to tell CEO Vikram Pandit how badly his company did on recent ...
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Amazon (AMZN) Kindle Users Are Old, Feeble

Posted: May 1, 2009 at 4:13 am

Someone at technology news site, Cnet, came up with the clever idea of running a poll to learn the age of people who use Amazon’s miracle book reader, the Kindle. ...
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Why Chrysler Doesn’t Matter

Posted: May 1, 2009 at 4:03 am

By the time Chrysler filed for Chapter 11 yesterday, it was no longer a large American company. Although the firm is private, most estimates are that the No.3 US car ...
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AAPL Weekly Headline Roundup: May 1

Posted: May 1, 2009 at 3:48 am

From 24/7 Wall St. partner Apple Investor News: Aside from the iPhone-Verizon rumor and iPhone apps passing the one billion mark, there were some interesting headlines this week that ...
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Media Digest 5/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 1, 2009 at 3:00 am

According to Reuters, lenders will object to the Chrysler Chapter 11 filing. Reuters reports that Switzerland  is asking US a court to halt a case against UBS (UBS). Reuters reports that SMFG ...
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Asia Markets And Europe Open

Posted: May 1, 2009 at 2:23 am

Markets in Asia were mostly higher with China markets closed for a holiday The Nikkei rose 1.9% to 8,977. At the open in Europe, the FTSE was down .9%. Data ...
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