Monthly Archives: November 2009

America’s Largest Companies Hold $994 Billion In Cash

Posted: November 2, 2009 at 9:10 am

The five hundred largest non-financial companies in the U.S. hold $994 billion in cash and short term investments, up about 8 percent from last year, according to an exclusive study conducted ...
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Ben Bernanke Is a Walking Economic Fallacy

Posted: November 2, 2009 at 9:07 am

By John Tamny of Forbes The great economist Henry Hazlitt once observed that "Economics is haunted by more fallacies than any other study known to man." Were Hazlitt alive today, ...
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A Little Miracle At Ford (F)

Posted: November 2, 2009 at 8:29 am

The UAW rank-and-file may have given Ford a little fit over the weekend by voting down a contract with the No.2 US car company. Monday dawned a better day as ...
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Microsoft’s (MSFT) Ballmer: IT Spending May Never Come Back

Posted: November 2, 2009 at 7:16 am

In a statement that must send chills up the spines of other tech CEOs, Microsoft's (NASDAQ:MSFT) Steve Ballmer said that the vicious recession may have reset IT spending to a ...
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Michael Jackson Film Moves Toward $200 Million In Ticket Sales

Posted: November 2, 2009 at 7:00 am

Sony (NYSE:SNE) just announced its fourth consecutive quarterly loss. Part of that was due to red ink at its studio division. Its best chance for a blockbuster film in the current ...
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Low Demand For Apple (AAPL) iPhone In China

Posted: November 2, 2009 at 6:45 am

In the United States, people will line up for blocks and camp out in the cold to be the first customers into Apple's (NASDAQ:AAPL) retail stores when the consumer electronics wonder ...
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Delaware Named As Better Place To Hide Money Than Switzerland

Posted: November 2, 2009 at 6:22 am

All of the tax evasion cases brought against customers at Swiss banks would lead most analysts to believe that it is the world capital of hiding money. Numbered Swiss bank ...
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Wal-Mart (WMT): More Toy Price Cuts And Big City Dreams

Posted: November 2, 2009 at 6:01 am

Wal-Mart (NYSE:WMT) becomes more aggressive in soliciting new customers and undercutting rivals as each week passes. It has the balance sheet and retail locations to do those things. The world's ...
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Media Digest 11/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 2, 2009 at 4:54 am

Reuters: Investors in the banking sector were disturbed by the CIT (NYSE:CIT) bankruptcy. Reuters: Summers will lead a high level meeting on the economy. Reuters: US companies are holding more ...
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Asia Markets And Europe Open

Posted: November 2, 2009 at 4:21 am

Stocks in Asia were lower. The Nikkei fell 2.3% to 9,803. The Hang Seng was down .7% to 21,609. The Shanghai Composite rose 2.7% to 3,077. At the open in ...
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The China Stimulus Follies

Posted: November 1, 2009 at 7:07 pm

China managed to pull another rabbit out of its growth hat. The world's most populous nation said its GDP grew 8.9% in the third quarter. Some outside analysts are skeptical ...
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24/7 WallSt TV: Kraft (KFT) Does Its Shareholders No Favor: Gets Hostile With Cadbury

Posted: November 1, 2009 at 6:04 pm

The efforts of Cadbury's board to keep the company out of the clutches of Kraft (NYSE:KFT) will likely fail because no second bidder has emerged. The Times says that Kraft ...
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CIT (CIT) Prepares Chapter 11

Posted: November 1, 2009 at 2:14 pm

According to The Wall Street Journal, CIT (NYSE:CIT) will file for Chapter 11 today. Bondholders will probably provide $4.5 billion in financing for a prepackaged bankruptcy. Senior creditors will likely get ...
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US Kicked Out Of Top Spot In World Economic Forum Survey

Posted: November 1, 2009 at 12:03 pm

The World Economic Forum published its most recent Financial Development Report. In the executive summary of the study, written by Nouriel Roubini and James Biodeau, fifty-five countries were graded on ...
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The Unusual Suspects (BEAT, CIT, CIT-PZ, GNW, GFIG, HGSI, GSK, MCO, BRK-A, RVSN, CSCO)

Posted: November 1, 2009 at 11:33 am

Earnings season is seeming to wind down here, but that won't stop the unusual suspects of key equity events and issues to watch this coming week. We are looking into ...
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