Quantcast

Monthly Archives: January 2010

The Fed Earns An Astounding $45 Billion In 2009

Posted: January 12, 2010 at 4:55 am

The Federal Reserve made $45 billion last year, according to an exclusive report in The Washington Post. That is the most the Fed has earned in 95 years.The central banks still ...
Read Full Story »

Media Digest 1/12/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 12, 2010 at 3:58 am

Reuters: Cadbury (NYSE:CBY) posted strong 2009 results, rejected Kraft's (NYSE:KFT) bid. Reuters:   Bank of America (NYSE:BAC) is in talks to settle with Cuomo. Reuters: The FAA called for inspections of ...
Read Full Story »

Asia Markets And Europe Open (1/12/2010)

Posted: January 12, 2010 at 3:24 am

Markets in Asia were mixed. The Nikkei rose .8% to 10,879. JAL fell 45%. The Hang Seng fell .5% to 22,287. The Shanghai Composite rose 1.9% to 3,274. At the ...
Read Full Story »

The Great American Bank Heist

Posted: January 11, 2010 at 8:50 pm

The Administration wants to be certain that taxpayers get back all the money they risked through the TARP program. All of the largest banks which took money from the fund have paid ...
Read Full Story »

Alcoa, Making Bad News Sound Good (AA)

Posted: January 11, 2010 at 5:00 pm

Alcoa Inc. (NYSE: AA) kicked off earnings season this evening on news that is all in all not that exciting even if the reception is one of approval.  The company ...
Read Full Story »

Electronic Arts (ERTS): Down For The Count

Posted: January 11, 2010 at 4:25 pm

Shares in companies including GameStop (NYSE:GME), Sony (NYSE:SNE), Microsoft (NASDAQ:MSFT), and Take-Two (NASDAQ:TTWO) will be affected by a disclosure from Electronic Arts (NASDAQ:ERTS) that it will badly miss its earnings ...
Read Full Story »

Upgrading Ford (F)

Posted: January 11, 2010 at 4:23 pm

Ford Motor Co. (NYSE: F) is probably one of the only ways to bet on the big Detroit Auto Show this week, but the stock was trading at 52-week and ...
Read Full Story »

Manufacturing Equipment Stocks Get A Bump

Posted: January 11, 2010 at 4:05 pm

Manufacturing equipment and testing stocks (*MANUF) are up 6.7% today as reported by Tickerspy.  The rise is attributed to K-Tron International’s (NASDAQ: KTII) 30.6% and Measurement Specialties’ (NASDAQ: MEAS) 4.1% gain ...
Read Full Story »

52-Week High Club (AA, CVX, MMR, EXXI, SNI)

Posted: January 11, 2010 at 4:00 pm

Aluminum Corp. of China Limited (NYSE: ACH) rose over 5.7% to a yearly high of $34.27 after the company rose alumina prices for the second time in a week.  Alcoa ...
Read Full Story »

Banker Bonuses: Cuomo Back Where He Doesn’t Belong

Posted: January 11, 2010 at 3:28 pm

Andrew Cuomo, current attorney general and either future governor of New York State or US Senator, decided to force eight large banks that received TARP money to disclose their employee compensation for 2009. ...
Read Full Story »

FriendFinder Still Sees IPO, But Less Capital Raised (FFN)

Posted: January 11, 2010 at 12:41 pm

FriendFinder Networks, Inc. may be one of the more unusual formal initial public offerings out there.  It might be classified as an internet media or social networking company, but this ...
Read Full Story »

Chardan SPAC Deal Vote Kicks off Weeks of SPAC-tion (CACA, HMR, CIO)

Posted: January 11, 2010 at 9:17 am

We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning.  There is still much going on ...
Read Full Story »

Top Analyst Upgrades and Downgrades (BP, BKC, CVX, CMG, GLW, ENOC, INTC, PNRA, PBR, RICK, DIS)

Posted: January 11, 2010 at 8:45 am

These are this Monday morning's top analyst upgrades and downgrades seen from Wall Street research calls. BP plc (NYSE: BP) Raised to Buy at Citigroup. Burger King (NYSE: BKC) Cut ...
Read Full Story »

Today’s Best Market Rumors (1/11/2010) (GS)(BX)(GOOG)

Posted: January 11, 2010 at 8:36 am

Updated throughout the day. Goldman Sachs (NYSE:GS) workers may be forced to give more money to charity  (NYTimes) Peter Thiel's hedge fund value fell 25% last year,  (NYPost) Tim Geithner, ...
Read Full Story »

Charity May Be Goldman’s Way Out

Posted: January 11, 2010 at 8:19 am

No matter what Goldman Sachs (NYSE:GS) does to make its huge bonus payments more palatable to taxpayers, shareholders, and the government, the more criticism the company faces about its compensation ...
Read Full Story »