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Daily Archives: October 1, 2009

chrysler

Chrysler May Not Make It Another Year

Posted: October 1, 2009 at 3:41 pm

Rumors, credible rumors, are beginning to circulate in the car industry and the automotive press, that Chrysler may not make it another year primarily due to its falling sales and growing ...
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bank

Federal Reserve Governor Says Goodbye To Double Dip Recession

Posted: October 1, 2009 at 2:13 pm

For the first time, a federal government official has said that that odds of a double recession are almost gone. Richmond Federal Reserve President Jeffrey Lacker, in an interview with Bloomberg ...
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camMonopoly_wideweb__430x325,0

Weak Economic News Sends Investors to Gold (ABX, KGC, GFI, GDX, GLD, RGLD)

Posted: October 1, 2009 at 11:47 am

This morning's reports on unemployment (up), manufacturing (down), housing (sort of up), and consumer spending (up a little) have pushed the market down. Out of the gate this morning, gold ...
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oil

Alternative Energy Shares Troubled (YGE, SPWRA, TSL, ENER, AONE, CRTP)

Posted: October 1, 2009 at 10:42 am

This morning's report on unemployment has cooled enthusiasm for shares across the board. Solar stocks are, for the most part, no exception. Yingli Green Energy Holding Co. Ltd. (YGE) is ...
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newspaper

Today’s Best Market Rumors (10/1/2009) (GE)(NKE)(BAC)(CSCO)

Posted: October 1, 2009 at 9:13 am

Updated throughout the day. Update: RADVision (RVSN) is trading down over 33% on rumors that the Cisco (CSCO) buyout of Tandberg will cost it nearly 40% of its revenue.  (Morgan Keegan) ...
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Major Market Movers (10/1/2009) (UAUA)(ASTI)(RVSN)

Posted: October 1, 2009 at 8:32 am

According to Volume Spike Investor,  several stocks are making major move before the open. UAL (UAUA) is tanking (details) Ascent Solar (ASTI) is off sharply on a new stock offering ...
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Friday’s Unemployment Is a Creation of Politicians

Posted: October 1, 2009 at 8:24 am

By John Tamny Tomorrow the Bureau of Labor Statistics will announce the unemployment rate for September. While economists' projections ahead of the announcement suggest it's going up, the bigger story ...
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Potential Breakthrough in Esophagus Cancer (CTIC)

Posted: October 1, 2009 at 6:31 am

Cell Therapeutics, Inc. (NASDAQ: CTIC) has announced what may be a large breakthrough in the fight against cancer.  This is a combined test rather than as a standalone treatment, but ...
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bear

KKR Finally Goes Public

Posted: October 1, 2009 at 6:08 am

KKR wanted to follow Blackstone (BX) into the public markets, but the recession and credit crisis ruined that dream. Blackstone's shares were so badly beaten down that the KKR partners ...
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ford

Value Of Dollar Killing Japanese Car Profts, Could Help The Big Three

Posted: October 1, 2009 at 5:53 am

The expected recovery of the American car business was supposed to be based on huge cost cuts at all three domestic companies and improved product lines based largely on a ...
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house

With $2 Billion Profit Potential GE (GE) Won’t Sell NBCU

Posted: October 1, 2009 at 5:36 am

GE (GE) won't sell its NBC Universal division, at least not at the price levels that are being rumored. It is unlikely that in the current economic environment that GE ...
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bank

IMF Increases US GDP Growth Rate More Than China’s

Posted: October 1, 2009 at 5:03 am

The IMF upgraded its estimates for 2010 GDP growth in almost every country and region in the world based on its belief that the recession is receding rapidly into the past. ...
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cisco

Cisco (CSCO), Unable To Help Itself, Buys Tandberg

Posted: October 1, 2009 at 4:42 am

Cisco (CSCO) continues to buy companies at a rapid-fire pace. It added video infrastructure and transport company Tandberg to its video hardware and software portfolio, paying $3 billion in cash ...
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newspaper

Media Digest 10/1/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 1, 2009 at 4:08 am

Reuters:   Ken Lewis will step down as CEO of Bank of America (BAC) Reuters:   Cisco (CSCO) bought Tandbeg  for $3 billion. Reuters:   The IMF raised forecasts for US GDP but ...
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china

Asia Markets And Europe Open 10/1/2009

Posted: October 1, 2009 at 3:27 am

Markets in Asia were mixed with China closed for a holiday. The Nikkei was off 1.5% to 9,977. Mitsubishi UFJ  (MYU) fell further. At the open in Europe, the FTSE ...
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