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Monthly Archives: September 2009

bank

US Large Loan Losses To Hit $53 Billion In 2009

Posted: September 25, 2009 at 5:31 am

The federal government's Shared National Credit (SNC) Review for this year found $53 billion in losses on large loans held by U.S. bank organizations, foreign bank organizations, and nonbanks such ...
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gm

GM: Silence Is Golden

Posted: September 25, 2009 at 4:52 am

GM’s fairly new CEO Fritz Henderson did not get his job as recently as the car company’s chairman Ed Whitacre did, but neither has been in his current role for ...
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house

A Market Still Hostage To Meaningless Data

Posted: September 25, 2009 at 4:45 am

The stock market did not fall apart at the seams, but it did very poorly on news that existing home sales dropped last month by 2.7% to a rate of ...
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bear

Short Sellers Flee Tech, Hit Weak Balance Sheets (INTC)(DELL)

Posted: September 25, 2009 at 4:15 am

Short sellers posted a mixed record on big banks. Short interest in Citigroup (C) plunged by 73% to 177.5 million shares. The short interest in Bank of America (BAC) was down ...
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newspaper

Media Digest 9/25/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 25, 2009 at 3:55 am

Reuters:   The G20 is taking center stage in the new economic world order. Reuters:   Bank losses from large syndicated loans will hit $53 billion this year. Reuters:   One Fed governor ...
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china

Asia Markets And Europe Open 9/25/2009

Posted: September 25, 2009 at 3:25 am

Markets in Asia fell. The Nikkei slide 2.8% to 10,269. Nomua fell sharply as did Mitsubishi UFJ (MTU). The Hang Seng fell a fraction to 21,042. China Mobile (CHL) and ...
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52-Week High Club

Posted: September 24, 2009 at 4:16 pm

Dr. Reddy's Laboratories (NYSE: RDY) hit a yearly high of $19.32 today, building on momentum initiated yesterday when it was reporeted that the company had received approval from regulators to ...
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nok

RIM (RIMM) Crushed By Bad Earnings, Shares Off 10%

Posted: September 24, 2009 at 4:15 pm

Shares of RIM (RIMM), maker of the Blackberry, closed the regular session at $83.06 immediately after announcing earnings. Revenue for the second quarter of fiscal 2010 was $3.53 billion, up ...
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newspaper

Today’s Best Market Rumors (NOK)(PALM)(AAPL)(MHP)(CBS)

Posted: September 24, 2009 at 11:43 am

Strauss Zelnick, former record exec, and former WSJ publisher Gordon Crovitz will buy BusinessWeek, (MHP) which was yesterday rumored to be closing. (BW) Nokia (NOK) will buy travel social network Dopplr ...
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Gold Miners Digging Out? (ABX, AU, NEM, GDX, GLD)

Posted: September 24, 2009 at 11:13 am

Now that Barrick Gold Corp. (NYSE:ABX) has raised $4 billion or so to buy out its hedges, the company is set to enjoy an expected run-up in gold prices. In ...
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Marathon’s Angola Stake Not Going to China After All (MRO, CEO, SNP, TOT, XOM)

Posted: September 24, 2009 at 9:29 am

Angola's state-owned oil company, Sonangol, has exercised its right of first refusal to purchase a 20% stake in block 32 offshore Angola from Marathon Oil Corp. (NYSE:MRO). In July, Marathon ...
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GHL Acquisition Seals its Deal, Two More SPACs Await Votes this Week

Posted: September 24, 2009 at 9:26 am

SPACupdate.com monitors live deals involving blank check companies, associated stock and warrant transactions and relevant personnel moves.   GHL Acquisition Co. (AMEX: GHQ) completed its merger, bringing public satellite operator ...
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Big Price Movers For The Day (CNXT)(HERO)(HLCS)(VICL)(AAPL)

Posted: September 24, 2009 at 8:54 am

For news and details on stocks that will be trading significantly up or down on volume, visit Volume Spike Investor. Today's coverage includes Hercules OffShore (HERO), Conexant (CNXT), Vical (VICL), ...
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balllmer

The Growing Trend Of Denying Rumors

Posted: September 24, 2009 at 6:04 am

Microsoft (MSFT) felt compelled to deny a rumor that it would buy Electronic Arts (ERTS) after shares in the game company rose over 7% on speculation of a deal. BusinessWeek ...
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Ann

Retail Job Picture For Holidays Worsens

Posted: September 24, 2009 at 5:50 am

There has been some hope that with a modest recovery from the recession that holiday retail sales would pick up this year. Those hopes appear to be premature. The high ...
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