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Monthly Archives: October 2009

gm

Hummer Goes To China

Posted: October 9, 2009 at 5:01 am

It is now all but set. China machinery firm Tengzhong will pay GM $150 million for Hummer, one of the most well-known SUV brands in the world. A product by ...
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bear

Eight Percent Unemployment Through 2011

Posted: October 9, 2009 at 4:50 am

The latest Dow Jones survey of economists, which polled 48 experts, showed that, showed on average they believe that unemployment will peak at 10.2% this February and then remain above ...
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Delaying The Housing Bottom By Saving Mortgages

Posted: October 9, 2009 at 4:32 am

The Office of the Comptroller of the Currency issues a quarterly report that shows the rate at which people with mortgage loan modifications default on those loans. The rate changes ...
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Media Digest (10/9/2009) Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 9, 2009 at 3:54 am

Reuters:   Chinese investors are holding a large amount of gold. Reuters:   Bernanke sees tighter policies as the economy improves. Reuters:   The Congressional Oversight Panel says that the US plan to ...
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china

Asia Markets And Europe Open (10/9/2009)

Posted: October 9, 2009 at 3:19 am

Markets in Asia were mixed. The Nikkei rose .8% to 9,892. The Hang Seng was down .2% to 21,448. The Shanghai Composite rose 4.8% to 2,912. PetroChina rose (PTR) and ...
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china

Shanghai Rockets Higher At The Open

Posted: October 8, 2009 at 9:50 pm

The Shanghai stock exchange rocketed up 2..5 % after being closed most of the week. Energy stocks lead by PetroChina (NYSE:PTR) made among the largest moves as crude traded up ...
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52-Week High Club

Posted: October 8, 2009 at 4:37 pm

American Eagle Outfiters Inc. (NYSE: AEO) hit a yearly high of $18.08 after the clothing vendor announced that it had raised its 3Q09 EPS estimate to $0.24-$0.26 from $0.22-$0.25.   ...
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The New Lehman Trade: Selling the Bankruptcy Claims (BAC, MS, CS)

Posted: October 8, 2009 at 4:16 pm

There have been many ways which companies exit bankruptcy court.  Historically, many companies have used tax loss carryforward strategies as well.  But selling a claim against assets for recovery in ...
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Investor Taste Challenge: Pepsi vs. Coke (PEP, KO, PBG, PAS)

Posted: October 8, 2009 at 2:29 pm

PepsiCo Inc. (NYSE: PEP) is trading down after the company's quarterly earnings report from this morning.  PepsiCo's earnings were $1.08 EPS on a 1.5% drop in revenues to $11.08 billion, ...
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Bankruptcy Watch

Posted: October 8, 2009 at 12:21 pm

Today Accuride Corporation, an auto parts manufacturer, filed for protection under Chapter 11.  In the proposed restructuring agreement will cancel all senior subordinated notes.  Holders of those notes will receive ...
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The Never Ending Price Cuts in Home Prices

Posted: October 8, 2009 at 12:21 pm

If you have had a home for sale on the market for a while, you have probably had to get used to the notion that you have either cut the ...
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SPAC Shareholders Keep OK-ing Big Mergers (IAN, DSP, STTA, TGY, GHC, NAQ, REN)

Posted: October 8, 2009 at 10:33 am

SPACupdate.com monitors live deals involving blank check companies, associated stock and warrant transactions and relevant personnel moves. So far this week, shareholders approved one SPAC transaction and shot another down ...
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apple

Could Apple (AAPL) End Up With 1,000 Retail Stores?

Posted: October 8, 2009 at 9:32 am

Analysts are constantly speculating about what Apple (NASDAQ:AAPL) will do with its $25 billion in cash. The company has no track record of buying back shares or issuing a dividend. ...
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newspaper

Today’s Best Market Rumors (10/8/2009) (XRTX)(CLWT)(CTIC)(CIT)(BRCD)(ACP)(AAPL)(GOOG)

Posted: October 8, 2009 at 9:20 am

Updated throughout the day. Updated at 4.24 PM EST:  Xyratex (NASDAQ:XRTX) is up 14% today, another tech stock in the buyout rumor mill.  (Barron's) Updated at 2.12 PM EST: Euro ...
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Top Day Trader Alerts (AA, CENX, DDSS, DRYS, SQNM)

Posted: October 8, 2009 at 9:11 am

These are this morning's top day trader and active stock alerts for Thursday.  We have more detailed analysis and price/volume information with a link through to each over at VSInvestor.com: ...
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