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Monthly Archives: October 2009

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 ...
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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 ...
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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, ...
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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. ...
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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 ...
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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 ...
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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 ...
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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. ...
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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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