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Monthly Archives: July 2009

gm

GM May Have To Sell China Unit To Get Taxpayers Back Their Money

Posted: July 1, 2009 at 5:19 am

The Administration says it wants a "quick exit" from its investment in GM. The taxpayers should not have to own a US auto company any longer than they have to. ...
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paramount

As Viacom’s (VIA) Paramount Looks For Partner It May Be Bought Out

Posted: July 1, 2009 at 5:07 am

The DVD business is bad. Video-on-demand, available on most cable systems, and internet streaming of premium content have cut into one of the largest profit centers in Hollywood. Viacom's (VIA) ...
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CAL

The Dreaded California IOU System Becomes A Reality

Posted: July 1, 2009 at 4:45 am

It was never a realistic hope that California would pass a budget that would close a gap of $24 billion between spending and income. Too many critical state services need ...
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china

China’s Recovery Mirage

Posted: July 1, 2009 at 4:29 am

China's Purchasing Managers' Index was up for the fourth month in a row, moving to 53.2 from 53.1 in May. The numbers were issued by the the Federation of Logistics and ...
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bear

Japan’s Manufacturers See A Light In The Distance

Posted: July 1, 2009 at 4:05 am

The closely watched Bank of Japan's tankan survey for the second quarter showed improved confidence among big manufacturers which most likely is a result of improving exports. The global economy may ...
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bank

Citigroup (C) To Jack Up Credit Card Rates On 15 Million Accounts

Posted: July 1, 2009 at 3:47 am

Citigroup (C) plans to increase fees on credit cards and it willaffect nearly 15 million of the bank's customers. The action leaves the federal government in a bind. It owns ...
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newspaper

Media Digest 7/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: July 1, 2009 at 2:54 am

Reuters:   California raced to approve a state budget its cutting deficit. Reuters:   Ten more people may face charges in Madoff case. Reuters:   Gannett (GCI) is laying off 1,000 more people. ...
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china

Asia Markets And Europe Open 7/1/2009

Posted: July 1, 2009 at 2:14 am

Markets in Asia were mixed. The Nikkei fell .2% to 9,939. The Hang Seng dropped .8% to 18,379. The Shanghai Composite was up 1.7% to 3,006. At the open in ...
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