Monthly Archives: August 2009

China’s Consumer Spending Will Be Hurt By Unemployment

Posted: August 4, 2009 at 6:04 am

The Chinese central government has made it clear that a key to the nation's economic recovery is strong consumer spending. The $585 billion stimulus package that has been in effect ...
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Post Office May Close 700 Locations

Posted: August 4, 2009 at 5:43 am

The writing has been on the wall for years. The Postal Service is slowly going out of business. The fax was the first piece of technology that cut into the ...
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Toyota (TM): Another Sign Car Industry Is Recovering?

Posted: August 4, 2009 at 5:18 am

Toyota (TM) posted an $816 million loss in its last quarter, but lifted its forecasts. It will up production for its fiscal year which ends in March to 6.6 million vehicles from ...
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Media Digest 8/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 4, 2009 at 3:54 am

Reuters: A plan for universal healthcare in China could cut the savings rate. Reuters: Bank regulators are opposing the Obama shake-up of the system. Reuters: Bank of America (BAC) settled ...
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Asia Markets And Europe Open 8/4/2009

Posted: August 4, 2009 at 3:28 am

Markets in Asia were mixed. The Nikkei rose .2% to 10,375. Toyota (TM) reported better than expected earnings. The Hang Seng fell .1% to 20,792. HSBC (HBC) rose on good ...
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Warren Buffett’s Berkshire Hathaway (BRK-A) Hits $100,000

Posted: August 3, 2009 at 7:51 pm

The stock price of Berkshire Hathaway (BRK-A) hit $100,000 today, up from a 52-week low of $70,000, but still well off its period high of $147,000. Berkshire's chief Warren Buffett ...
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Apple (AAPL) Using Confidentiality Agreements To Keep iPod Problems Secret

Posted: August 3, 2009 at 6:28 pm

There is no end to the lengths to which Apple will go to keep overheating problems with its iPod under wraps. The Times reports that"Apple attempted to silence a father ...
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GM: Firing 7,500 More Taxpayers To Save Taxpayer Money

Posted: August 3, 2009 at 5:45 pm

GM's July sales fell 19%, more than any of the other major car companies, to 188,156. The number is down so much that without the Pontiac and Saturn brands that ...
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How Much Cash Does Green Mountain Really Need? (GMCR)

Posted: August 3, 2009 at 4:10 pm

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) today filed an automatic shelf registration statement with the SEC. It also filed to sell 4 million shares of common stock as a ...
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24/7 Wall St. TV: The Ford Miracle Rolls On

Posted: August 3, 2009 at 2:41 pm

William Clay Ford, Jr., the company’s CEO since 2001, went outside the industry and he and Ford’s board brought in Boeing executive Alan Mulally to replace him in September 2006. ...
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GM Losing Significant Ground To Ford (F)

Posted: August 3, 2009 at 2:24 pm

Ford's (F) July sales rose 2.3% to to 165,279. SUV sales were weak, off 36%, so cars and crossovers had to make up for that. GM's sales moved sharply in ...
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Bank Of America (BAC): A Very Small Fine For A Very Big Mistake

Posted: August 3, 2009 at 1:49 pm

Bank of America (BAC) got off with a $33 million fine "to settle charges that it made false and misleading statements" about bonuses paid to Merrill Lynch employees. The case ...
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CIT Amended Tender Terms (CIT)

Posted: August 3, 2009 at 12:25 pm

CIT Group Inc. (NYSE: CIT) has seen its shares halted for news pending. That news is out. The troubled financial lender to small businesses and middle market companies has announced ...
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Meet AIG’s New CEO… Maybe (AIG, MET)

Posted: August 3, 2009 at 11:58 am

Troubled insurance and financial giant American International Group Inc. (NYSE: AIG) may have found a new CEO to run the company. Or dare we say... a new victim! Based upon ...
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Fed Independence Is an Unconstitutional Myth

Posted: August 3, 2009 at 11:33 am

by John Tamny of RealClearMarkets In a recent opinion piece on the Federal Reserve for the Wall Street Journal, authors R. Glenn Hubbard, Hal Scott and John Thornton argued ...
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