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Monthly Archives: September 2009

ewis

Why Ken Lewis Didn’t Matter At The End

Posted: September 30, 2009 at 8:18 pm

It was a surprise when Ken Lewis, the CEO of Bank of America (BAC), finally resigned. Neither shame nor pressure could move him out of his corner office. He was ...
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ewis

Ken Lewis To Step Down At Bank Of America (BAC)

Posted: September 30, 2009 at 5:22 pm

CNBC is reporting that Bank of America (BAC) CEO Ken Lewis will step down by the end of the year. There have been a number of reports in the past ...
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52-Week High Club

Posted: September 30, 2009 at 4:26 pm

Jabil Circuit (NYSE: JBL) hit a yearly high of $13.47 after beating both guidance and analyst estimates for its quarterly earnings. Kohl's Corporation (NYSE: KSS) hit a yearly high of ...
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TX-00338-C~Oil-Well-Gusher-Odessa-Texas-Posters

Another Increase in Crude Inventories (CVX, XOM, OIL, USO, CIT)

Posted: September 30, 2009 at 1:07 pm

The US Department of Energy's Energy Information Administration has released its weekly status report on crude oil inventories, and once again they are higher, this time by 2.8 million ...
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24/7 WallSt TV

24/7 Wall St. TV: The FDIC Is Short $100 Billion

Posted: September 30, 2009 at 11:59 am

The FDIC has discussed the idea of banks prepaying their risk-based assessments for the last quarter of this year and all of 2010, 2011, and 2012. The move appears desperate ...
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biotech

Trina Solar Extends Contract; Suntech Completes Utility-Scale Solar Plant; LDK Solar Loses Ground (TSL, STP, LDK)

Posted: September 30, 2009 at 11:04 am

Chinese solar PV maker Trina Solar Ltd. (TSL) has announced a five-year contract extension with another Chinese company that produces polysilicon and solar wafers. Trina plans to use the ...
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bear

Jobless Trumps Recovery

Posted: September 30, 2009 at 10:07 am

It appeared that traders were prepared to accept the theory of a "jobless recovery" early in the session. The Commerce Department said that GDP dropped only .7% in the second ...
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cit-logo

Financial Junk Acting Independently (CIT, FNM, FRE, ABK, AIG, ETFC)

Posted: September 30, 2009 at 9:30 am

CIT Group, Inc. (NYSE: CIT) is back to looking like its shares the paper they are printed on could be less valuable and less useful than toilet paper.  What is ...
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newspaper

Today’s Best Market Rumors (September 30, 2009)

Posted: September 30, 2009 at 9:02 am

Updated throughout the day. Update:  The rapidly falling dollar is causing Asian importers of small cars to lose money on most vehicles and will force European luxury auto companies to ...
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Major Market Movers (9/30/2009) (JNJ)(CIT)(HOKU)

Posted: September 30, 2009 at 8:16 am

Volume Spike Investor is watching some stocks which should move at the open. These include Johnson & Johnson (JNJ) (details), CIT (CIT) (details), Hoku Scientific (HOKU) (details), China-Biotics (CHBT), and and ...
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bank

New Software Steals Money From Bank Accounts

Posted: September 30, 2009 at 6:19 am

A devilishly clever new Trojan horse that works over the Internet can hack into bank accounts while people are online and take money without being noticed. According to CNET, "The bank ...
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Ann

A Quarter To Remember: US Markets Up 15%

Posted: September 30, 2009 at 6:02 am

The US markets will be up over 15% for the third quarter barring any wild swings up or down in the last day of the period. It is an extraordinary ...
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magazin

UK Regulators Will Force Kraft (KFT) Decision On Cadbury

Posted: September 30, 2009 at 5:45 am

Many American businesses believe that the UK and EU over-regulate the activities of companies based in those regions. Antitrust laws have been described as particularly overbearing. The times does come, ...
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Is Sequenom Dead? (SQNM)

Posted: September 30, 2009 at 5:32 am

Sequenom Inc. (NASDAQ: SQNM) is becoming a case study on how to run a medical testing products company into the ground.  The diagnostic test maker has more problems other than ...
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bear

IMF: Banks Face Another $1.5 Trillion In Writedowns

Posted: September 30, 2009 at 5:32 am

The IMF issued its Global Financial System report and one of the most critical points of its analysis is that banks face another $1.5 trillion in writedowns. That is on ...
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