Quantcast

Daily Archives: June 10, 2009

bank

Short Interest In Banks Plunges

Posted: June 10, 2009 at 5:46 am

The short interest in most large banks fell very sharply for the period ending May 29, an indication that traders believe that TARP repayments and ongoing strong earnings mean the fate ...
Read Full Story »
house

Housing Inventory Down, But Figures Not Meaningful

Posted: June 10, 2009 at 5:13 am

Housing inventory came down a bit in May, but not enough to put a real foundation on faltering home prices. ZipRealty reported "the supply of homes available for sale in 28 ...
Read Full Story »
mack

With Pay Cap Restrictions Faltering, Will Talent Return To Wall St.?

Posted: June 10, 2009 at 4:58 am

Wall St. firms and the large money center banks with investment and M&A arms have continued to insist that their best talent will head to private equity firms and hedge ...
Read Full Story »
oil

The Theory The Low Demand Will Moderate Oil Prices Dies

Posted: June 10, 2009 at 4:40 am

The theory that the recession would mitigate the price of oil had all the trappings of being true. Consumption in the US, UK, EU, and Japan happen to be down ...
Read Full Story »
ford

Signs That Ford (F) Sales Are Dipping

Posted: June 10, 2009 at 4:12 am

Over the past week, the 24/7 Wall St.--The Channel Checkers poll surveyed Ford dealerships to gauge business trends at the ten retailers.  We asked the following questions: 1. What is the best selling ...
Read Full Story »
bear

Average Purchase At Darden (DRI) Unit Falls

Posted: June 10, 2009 at 4:06 am

Over the past week, the 24/7 Wall St.--The Channel Checkers poll surveyed various Red Lobster locations, part of Darden Restaurants (DRI), to gauge trends in the casual dining business.  We asked the ...
Read Full Story »
Ann

Sales At Ann Taylor (ANN) Hold Steady

Posted: June 10, 2009 at 4:00 am

Over the past week, the 24/7 Wall St.--The Channel Checkers poll surveyed Ann Taylor (ANN) locations to gauge business trends at the ten retailers.  We asked the following questions: 1. On ...
Read Full Story »
ewis

Examining The Torture Of Ken Lewis

Posted: June 10, 2009 at 3:52 am

The House Oversight Committee has subpoenaed the Fed to get information relating to the Bank of America (BAC) buyout of Merrill Lynch. Ken Lewis, the bank’s CEO, claims that former ...
Read Full Story »
chrysler

Liquidating Chrysler Was An Option

Posted: June 10, 2009 at 3:41 am

The government was successful when it warned that if the Supreme Court delayed the Chapter 11 process of Chrysler more than a few days, the No.3 US car company might ...
Read Full Story »
newspaper

Media Digest 6/10/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 10, 2009 at 3:02 am

Reuters: The Supreme Court delays  Chrysler deal. Reuters:   The cleared ten banks to repay TARP include JPMorgan (JPM), Goldmand Sachs (GS), American Express (AXP), Cpaital One(COF), State Street (STT), BBT ...
Read Full Story »
china

Asia Markets And Europe Open 6/10/2009

Posted: June 10, 2009 at 2:25 am

Markets in Asia rallied sharply and oil stocks moved up as crude hit $71. The Nikkei rose 2.1% to 9,991. The Hang Seng was up 3.3% to 18,660. Petrochina (PTR) ...
Read Full Story »