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Daily Archives: November 6, 2009

bear

United Security Of Sparta Georgia Is 116th Bank Failure Of 2009

Posted: November 6, 2009 at 5:35 pm

United Security Bank, Sparta, Georgia, was closed by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. The two branches of United Security Bank will reopen ...
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bear

Home For The Holidays: Consumer Credit Falls Apart

Posted: November 6, 2009 at 5:21 pm

It looks more and more like people will not be traveling or shopping this holiday season. The Federal Reserve released its monthly consumer credit report which showed activity decrease at an annual ...
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buffettimage-gates-foundation

Buffett & Berkshire Earn Dough (BRK-A, BRK-B, BNI, MCO)

Posted: November 6, 2009 at 5:10 pm

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) has just reported its Q3-2009 earnings ahead of the formal expectations.  This will be perhaps one of the last similar earnings reports with ...
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nok

Motorola (MOT) Droid Visits Manhattan

Posted: November 6, 2009 at 1:32 pm

By Douglas A. McIntyre Some pieces of news are worth mentioning only in passing because they are interesting, but may not mean a thing. CNET says that over 100 people ...
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Is Citi’s Primerica IPO For You (C, MS)

Posted: November 6, 2009 at 12:36 pm

It has been some time in the making and won't be the last IPO or divestiture out of Citigroup Inc. (NYSE: C).  The company is proceeding to divest its Primerica ...
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GE Logo

GE No Rescue for Financial Junk Stocks (GE, FNM, FRE, AIG)

Posted: November 6, 2009 at 9:57 am

General Electric Co. (NYSE: GE) may be the one single bright spot taking the market higher this Friday when you consider the 10.2% unemployment rate and when you look over ...
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newspaper

Today’s Best Market Rumors (11/6/2009) (RTP)(BHP)(BRK.A)

Posted: November 6, 2009 at 9:17 am

Updated throughout the day. Citigroup (NYSE:C) will re-launch some of its least successful hedge funds  (FT) The stock market is at risk of not holding 10,000.  (TheStreet) AIG (NYSE:AIG) will not ...
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U3 and U6 October

Charting the Employment Data: Unemployment At 17.5%

Posted: November 6, 2009 at 9:03 am

Unemployment data were released today, showing the national rate to have reached 10.2% in October, its highest level since April of 1983.   This number is the Government's headline unemployment ...
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jobless-line-pic2

Double-Digit Unemployment… Just How Lagging Is It?

Posted: November 6, 2009 at 8:40 am

The Labor Department has just reported the unemployment rate and non-farm payrolls data for October.  It isn't pretty.  The unemployment rate screamed up into the double-digit territory to 10.2%.  The ...
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Top 10 Analyst Upgrades, Downgrades, Initiations (AMZN, ANSS, BEBE, CAH, CNQ, CROX, GCO, PEET, O, SBUX)

Posted: November 6, 2009 at 8:29 am

These are this morning's top 10 analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Amazon.com (NASDAQ: AMZN) Raised to Outperform at Bernstein and target raised from $125 ...
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china

China Goes To Texas: The Great Wind Farm Dispute

Posted: November 6, 2009 at 6:35 am

Chinese interests and private capital will build a huge wind farm in West Texas. China-based wind turbine firm A-Power Energy Generation Systems (NASDAQ:APWR) will lead the project. It will cost ...
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airplane

Airline Industry Gets Ugly Again As BA Fires 3,000

Posted: November 6, 2009 at 6:20 am

By Douglas A. McIntyre British Airways lost $485 million for the six months that ended in September. The airline's CEO Willie Walsh told the BBC that this has been the ...
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Geithner

US Guaranteed $4.5 Trillion In Financial Assets Creating Huge Taxpayer Risk

Posted: November 6, 2009 at 6:13 am

The Congressional Oversight Panel has issued its latest report on how the government's huge bailout of the financial system is going. The most startling part of the document is that it describes ...
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bucks

Starbucks (SBUX) And The Recovery Of The Upper Classes

Posted: November 6, 2009 at 5:56 am

Starbucks (NASDAQ:SBUX) does not hand out information about the demographics of its customers, but they are not likely to be people who are poor, indigent, or even lower middle class. ...
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welch

24/7 Wall St. CEO Of The Decade: Jack Welch

Posted: November 6, 2009 at 5:40 am

Who is the greatest American CEO of the last decade? Jack Welch, who retired as GE's (NYSE:GE) chief in 2001. He held his job at the head of the world's ...
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