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Monthly Archives: December 2009

Today’s Best Market Rumors (12/28/2009)

Posted: December 28, 2009 at 8:44 am

Updated throughout the day. Shoppers may have spent a little more this holiday season than last  (CNBC) JAL may file for Chapter 11  (Reuters) Cascade Bancorp (NYSE:CACB) withdrew a $93 million ...
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JAL Could Be First Huge Airline Chapter 11 In Years

Posted: December 28, 2009 at 8:32 am

By Douglas A. McIntyre A number of media, including the Nikkei business daily, are reporting that the Japanese government is considering taking its huge flagship carrier JAL into bankruptcy. The ...
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Stimulating By Saving

Posted: December 28, 2009 at 8:27 am

By John Tamny of Forbes In his essential book The Wealth of Nations, Adam Smith observed that "Capitals are increased by parsimony, and diminished by prodigality and misconduct." Or, put ...
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Job Cuts Outstrip Berkshire Hathaway Shares (BRK-A, BNI)

Posted: December 28, 2009 at 6:52 am

There was an interesting filing out during the Christmas holiday showing that Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) weren't in the holiday spirit for much of 2008.  There ...
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Number Of Car Dealers Down By More Than 10,000 Since 1970

Posted: December 28, 2009 at 5:37 am

There were 30,800 car dealerships in the US in 1970. There were 20,770 in the country in 2008 and that was before hundreds of locations where closed by large car ...
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A Very Sharp Rise In Mortgage Rates May Damage Housing Recovery

Posted: December 28, 2009 at 5:14 am

It is not clear whether there is a housing recovery underway in the US. Home sales have, in some cases, picked up. Most of the activity has been due to ...
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Media Digest 12/28/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: December 28, 2009 at 3:59 am

Reuters:   New airport security measures could hurt airline revenue. Reuters:   US holiday retailers were up 3.6% according to one report. Reuters:   A bankruptcy filing by JAL is possible to handle ...
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Asia Markets And Europe Open (12/28/2009)

Posted: December 28, 2009 at 3:33 am

Markets in Asia were mixed. The Nikkei was higher by 1.3% to 10,634. The Hang Seng was down .2% to 21,480. The Shanghai Composite rose 1.5% to 3,167. At the ...
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“Unlimited” Support For Fannie Mae (FNM) And Freddie Mac (FRE)

Posted: December 27, 2009 at 8:59 pm

The Treasury Department announced that it would give Fannie Mae (NYSE:FNM)and Freddie Mac (NYSE:FRE) "unlimited" financial support for the next three years, which seems like an awful lot. Some members ...
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Film Industry Economic Losses Mount From Continuing World Wide Piracy

Posted: December 27, 2009 at 8:35 pm

First-run movie DVDs of films made by US studios are sold be vendors on the streets within a few miles of the central offices of the People's Republic in ...
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Toyota (TM) Increases Car Production Plans For 2010, Another Sign Industry Has Bottomed

Posted: December 27, 2009 at 2:26 pm

The last two years were probably the worst in the history of the global car industry which goes back over a century. The markets in the US, Japan, EU, and ...
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The Recession-Proof Movie Industry

Posted: December 27, 2009 at 2:03 pm

Most of old media is being slowly euthanized by the shift in the way consumers get content since the beginning of the recession. Magazines, newspapers, and radio are at the top of  list of sectors ...
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Amazon’s (AMZN) Kindle Is Its Top Selling Holiday Product Ever

Posted: December 27, 2009 at 12:21 pm

The Kindle has become the most purchased item given as a gift in the history of the powerful e-commerce site,  Amazon.com (NASDAQ:AMZN). And, Amazon announced that "On Christmas Day, for the first time ...
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China Is Now The World’s Second Largest Economy

Posted: December 27, 2009 at 8:28 am

China became the world's second largest economy in 2009, passing Japan, which has held this distinction for decades. The People's Republic raised its growth forecast for 2008 to 9.6% from 9% ...
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Apple (AAPL) Hits All-Time High: Buy The Rumor….

Posted: December 25, 2009 at 8:30 am

Apple's (NASDAQ:AAPL) shares hit an all-time high yesterday as they rose to  $209.35 up 3.5%. Most of the increase way due to rumors that the company will finally launch its ...
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