Quantcast

Monthly Archives: September 2009

uncle sam

Direct Stimulus Spending Hits $100 Billion Milestone

Posted: September 29, 2009 at 4:42 am

by Christopher Flavelle, ProPublica Federal agencies have now spent more than $100 billion on contracts, grants, loans, and entitlements, according to Recovery.gov, the site mandated by Congress to track stimulus ...
Read Full Story »
bank

SPAC Live Deals Report and Stake Sales (TTY, NAQ, CLA, TMI, IDI, IAQGU, TOH)

Posted: September 29, 2009 at 4:37 am

SPACupdate.com produces reports on blank check companies, stake purchases and live deal situations.   Three blank check companies: 2020 ChinaCap Acquiro (AMEX: TTY), NRDC Acquisition (AMEX: NAQ) and Capitol Acquisition ...
Read Full Story »
newspaper

Media Digest 9/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 29, 2009 at 4:05 am

Reuters:   China may hold the key to a sanctions program against Iran. Reuters:   The head of the AIG (AIG) unit that caused most of the firm's losses is back in US. ...
Read Full Story »
china

Asia Markets And Europe Open 9/29/2009

Posted: September 29, 2009 at 3:26 am

Market in Asia were mixed The Nikkei was higher by .9% to 10,100. Honda (HMC) rose. The Hang Seng was up by 2.3% to 21,060. The Shanghai Composite dropped .3% ...
Read Full Story »
ewis

Ohio Attorney General: Bank Of America (BAC) Could Owe “Billions”

Posted: September 28, 2009 at 5:19 pm

Well, back in the history of American finance, the public and some members of Congress were lead to believe that Bank of America (BAC) bought Merrill Lynch as a way ...
Read Full Story »
bear

Hertz (HTZ), After Admitting To Severe Financial Risks, Sues Audit Integrity Over Rating

Posted: September 28, 2009 at 4:44 pm

"If our cash flows and capital resources are insufficient to fund our debt service obligations, we may be forced to reduce or delay capital expenditures, sell assets, seek to ...
Read Full Story »

52-Week High Club

Posted: September 28, 2009 at 4:42 pm

3Com Corporation (NASDAQ: COMS) rallies over 6% to $5.39 following a positive earnings release on Thursday. Aspect Medical Systems (NASDAQ: ASPM) rallies over 55% to $11.91 on news that Covidien ...
Read Full Story »
apple

Apple (AAPL) Apps Hit Two Billion Downloads

Posted: September 28, 2009 at 11:24 am

Close to one out of three people in the world has downloaded an app from the Apple (AAPL) App store. Or, a much smaller number of people have downloaded ten ...
Read Full Story »

Some Shade Falls Over Solar Shares (WFR, C, AMAT, AONE, FSLR)

Posted: September 28, 2009 at 11:13 am

Shares in MEMC Electronic Materials Inc. (NYSE:WFR) have been downgraded from 'Buy' to 'Hold' by Citigroup (NYSE:C). MEMC makes crystalline polysilicon wafers used in some photovoltaic solar cells, and the ...
Read Full Story »
bear

Chesapeake Trades More Assets for Cash (CHK, KMP, EPD)

Posted: September 28, 2009 at 10:26 am

Chesapeake Energy Corporation (NYSE:CHK) has created a 50/50 midstream joint venture with Global Infrastructure Partners that includes a significant portion of Chesapeake's midstream assets in exchange for $588 million in ...
Read Full Story »
newspaper

Today’s Best Market Rumors (9/28/2009)

Posted: September 28, 2009 at 9:07 am

Updated regularly throughout the day. Update: Rusal, the world's biggest aluminum firm, may have an IPO on The Hong Kong exchange. The company is controlled by Russian oligarch Oleg Deripaska ...
Read Full Story »

Big Stock Price Changes Of The Day (ACS)(XRX)(CALM)(GMTN)(ASPN)

Posted: September 28, 2009 at 8:37 am

According to Volume Spike Investor, these are the bigger movers of the day: Aspect Medical (ASPN) up sharply on buy-out. Cal-Maine (CALM) down on earnings (details). Big moves in Xerox ...
Read Full Story »

Why James Grant’s Optimism Is Overdone

Posted: September 28, 2009 at 8:16 am

John Tamny of Forbes   James Grant, editor of the eponymous Grant's Interest Rate Observer, recently described himself in the The Wall Street Journal as a "glass half-full kind of ...
Read Full Story »
95129c

Xerox (XRX) Overpays For ACS (ACS)

Posted: September 28, 2009 at 7:16 am

Dell (DELL) paid a price that it could not defend, at least financially, for Perot (PER) earlier this month. Xerox (XRX) has decided to follow Dell down the same road ...
Read Full Story »

The Week of Proof for A123 (AONE, CBAK, ABAT, CSGH, BRK-A, GE, QCOM, MOT, AB, PG)

Posted: September 28, 2009 at 6:51 am

A123 Systems Inc (NASDAQ: AONE) is still likely going to be one of the highlights of trading activity for the week, but the valuation is all based on the future ...
Read Full Story »