Quantcast

Daily Archives: October 2, 2009

52-Week High Club

Posted: October 2, 2009 at 4:29 pm

Pepsi Bottling Group (NYSE: PBG) hit a yearly high of $37.37 today after PepsiCo (NYSE: PEP) filed a proxy indicating it would complete its acquisition of Pepsi Bottling Group regardless ...
Read Full Story »
oil

Conoco Issues Cautious Update, While Exxon CEO Calls for More Taxes (COP, CVX, XOM)

Posted: October 2, 2009 at 12:00 pm

Oil major ConocoPhillips Corp. (NYSE:COP) released its third quarter 2009 interim update this morning, and while the news was not altogether positive, the company's share price is up nearly ...
Read Full Story »
biotech

First Solar Makes a Sale (ENB, FSLR, YGE, TSL, STP)

Posted: October 2, 2009 at 10:45 am

Canadian oil and gas pipeline company Enbridge Inc. (NYSE:ENB) today announced that it would purchase a 20 megawatt solar generation plant from First Solar, Inc. (NASDAQ:FSLR). No purchase price was ...
Read Full Story »
magazin

Today’s Best Market Rumors (10/2/2009) (AAPL)(GE)(BAC)(GOOG)(TWX)

Posted: October 2, 2009 at 9:19 am

Updates throughout the day. Update: Jeff Bewkes, CEO of Time-Warner (TWX) who says "Time, Inc. is not for sale." (Atlantic First Draft of American History Conference) Update:   John Paulson and Angelo ...
Read Full Story »
bear

US Unemployment Soars And IMF Sees Global Problem

Posted: October 2, 2009 at 8:48 am

The consensus expectations for September jobs were that another 167,000 people would lose their work.  Goldman Sachs (GS) yesterday issued a much more pessimistic forecast of 250,000  jobs lost taking US official ...
Read Full Story »
bear

IBM (IBM) Goes After Google (GOOG) Apps Business

Posted: October 2, 2009 at 6:14 am

Google (GOOG) is trying to diversity beyond the search business. One of its most important attempts is to offer low cost applications for PCs. Its Google Apps includes e-mail, calendar, ...
Read Full Story »
china

China GDP Could Pass US In Two Decades

Posted: October 2, 2009 at 5:51 am

The IMF expects China's GDP growth to be nearly 9% next year and the growth in the US to be less than 2%. In 2008, US GDP was $14.2 trillion. ...
Read Full Story »
magazin

Bloomberg On Its Way To Becoming Most Powerful Media Firm In US

Posted: October 2, 2009 at 5:15 am

Bloomberg is, according to several reports, the most likely buyer of the largest business magazine in America. BusinessWeek is being sold by McGraw-Hill (MHP) Bloomberg has the balance sheet and ...
Read Full Story »
ewis

A $125 Million Pay Day For Ken Lewis

Posted: October 2, 2009 at 4:58 am

When Ken Lewis finally leaves Bank of America (BAC) he will get a $125 million goodbye from the financial firm, unless the federal government's pay czar decides to challenge the ...
Read Full Story »
newspaper

Media Digest (10/2/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 2, 2009 at 3:52 am

Reuters:   The retirement package for Ken Lewis of Bank of America (BAC) may be as high as $125 million. Reuters:   US car sales plunged in September with Ford (F) up ...
Read Full Story »
china

Asia Markets And Europe Open (10/2/2009)

Posted: October 2, 2009 at 3:25 am

Markets in Asia were mostly lower. The Nikkei fell 2.5% to 9,732. The Hang Seng dropped 2.6% to 20,415.  HSBC (HBC) fell sharply. PetroChina (PTR) and Sinopec (SNP) also fell. ...
Read Full Story »