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Daily Archives: September 4, 2009

BioTech Hostile Takeover: Biogen Plays For Facet

Posted: September 4, 2009 at 3:48 pm

Facet Biotech Corporation (FACT) confirms that it is in receipt of Biogen Idec Inc.'s (BIIB) letter dated September 4, 2009 offering $14.50 per share for all of the outstanding shares ...
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Oil Rig Counts Staying Stronger (BHI, OIH, USO, OIL)

Posted: September 4, 2009 at 1:54 pm

Baker Hughes, Inc. (NYSE: BHI) issued its weekly rig counts and the counts are still going in the right direction overall if you like to see increased drilling activity.  This ...
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IPO FILING: Cobalt International Energy (CIE)

Posted: September 4, 2009 at 12:59 pm

Cobalt International Energy Inc. has now filed to come public via an initial public offering.  While terms were not disclosed, it said it would sell up to $1.15 billion worth ...
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Top Day Trader Alerts (ARRY, HGSI, MTXX, NVLS, FNM)

Posted: September 4, 2009 at 9:29 am

Because this is a Friday ahead of a 3-day weekend and because this is Labor Day, the "volume spikes" and the relative trading will be more muted than most trading ...
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Fannie’s NYSE Listing Satisfaction, Celebrating Pain (FNM, FRE)

Posted: September 4, 2009 at 8:53 am

Fannie Mae (NYSE: FNM) made an announcement that the troubled mortgage giant and GSE received notice yesterday from the New York Stock Exchange that it has regained compliance with the ...
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Unemployment Still Heads Toward Double-Digits

Posted: September 4, 2009 at 8:44 am

The unemployment and change in non-farm payrolls data for August is out, and despite some positive trends seen during the weekly data it just isn't pretty.  The change in nonfarm ...
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Top Analyst Upgrades and Downgrades (ANF, FRED, FDO, FINL, SEPR, VMED, WTNY, ZUMZ)

Posted: September 4, 2009 at 8:32 am

It is looking pretty thin in analyst calls ahead of the 3-day weekend, but these are some of the top research upgrades, downgrades, and initiations we have seen this Friday ...
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Biden’s Stimulus Speech: A Context Check

Posted: September 4, 2009 at 6:10 am

by Christopher Flavelle and Amanda Michel, ProPublica - September 3, 2009 Vice President Joe Biden marked the 200-day point of the stimulus package today with a speech at the Brookings ...
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IMF: More Concern About The Recovery

Posted: September 4, 2009 at 5:46 am

What was being described by many economists just a few weeks ago as a robust recovery has become hardly any recovery at all. Economist Joseph Stiglitz recently said that improvement in ...
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Treasury Wants Stronger Capital Base For Banks But Plans Are Vague

Posted: September 4, 2009 at 4:59 am

The Treasury wants to make banks, particularly large ones, increase their capital bases and improve their liquidity. In a statement, the department said, “Capital requirements for all banking firms should ...
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Media Digest 9/4/2009 Reuters, WSJ, NYT, FT, Bloomberg

Posted: September 4, 2009 at 4:05 am

Reuters:   China is making it difficult for foreigners to trade in its commodidites markets. Reuters:   Toshiba will pay $5 billion for a unit of Areva. Reuters:   The SEC and CFTC ...
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Asia Markets And Europe Open 9/4/2009

Posted: September 4, 2009 at 3:25 am

Markets in Asia were mixed. The Nikkei fell .3% to 10,187. The Hang Seng rose .8% to 19,901. The Shanghai Composite rose .9% to 2,861. At the open in Europe, ...
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