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Daily Archives: December 16, 2009

Abu Dhabi Prepares To Cheat Citigroup (C)

Posted: December 16, 2009 at 6:07 am

Caveat emptor. Abu Dhabi agreed to buy $7.5 billion in Citigroup (NYSE:C) shares at about eight times the current price. According to Bloomberg, that desert nation's major fund  "invested in ...
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The Deal To Salvage Playboy (PLA) Falls Apart: An Underfed Bunny

Posted: December 16, 2009 at 5:57 am

The deal to save Playboy (NYSE:PLA), which has been in decline for years, appears to have fallen apart. Iconix Brands wanted the Playboy brand, one of the most visible in ...
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AT&T (T) Prepares Wireless Teddy Bears

Posted: December 16, 2009 at 5:40 am

AT&T (NYSE:T) is running out of potential customers to sell wireless handset subscriptions. The US market is nearly saturated and the battle is mostly for market share with Verizon Wireless ...
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The Biggest Online Winners And Losers For 2009: EBay Traffic Collapse

Posted: December 16, 2009 at 5:09 am

Some of the largest websites in the country had extraordinary swings in their audiences in 2009. Many of the most well-known web destinations lost large portions of their traffic Based on ...
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Holiday Retail Buying Falls Behind 2008 Pace

Posted: December 16, 2009 at 4:46 am

Holiday sales seemed to be off to a promising start. Online research firms including comScore said that e-commerce sales were up 3% to 4% through the first week of December. The ...
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The Interest In Buying Foreclosures Craters

Posted: December 16, 2009 at 4:28 am

People do not have an interest in buying homes in foreclosure at anywhere near the level that they did earlier this year. Trulia.com and RealtyTrac released the latest results of ...
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Media Digest 12/16/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 16, 2009 at 3:54 am

Reuters:   Galleon's Raj Rajaratnam was indicted for securities fraud. Reuters:   Concerns about interest rates hurt the markets. Reuters:   Inconix broke off buyout talks with Playboy (NYSE:PLA). Reuters:   Credit Suisse (NYSE:CS) settled ...
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Asia Markets And Europe Open (12/16/2009)

Posted: December 16, 2009 at 3:23 am

Markets in Asia were mixed. The Nikkei .9% to 10,177. Mitshbishi UFJ (NYSE:MTU) rose. The Hang Seng dropped 1.2% to 21,564. Bank of China (NASDAQ:CHINA) fell. The Shanghai Composite was ...
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