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Daily Archives: February 3, 2010

24/7 Wall St. Toyota 2010 Forecast: 500,000 Lost Sales, CEO Resignation, 40,000 Layoffs

Posted: February 3, 2010 at 7:17 pm

The bad news is just beginning for Toyota (TM). The eight million vehicles the company has recalled, the shut down production of eight of its most popular cars, and ...
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Cisco Rocks Numbers, One Caveat Seen (CSCO)

Posted: February 3, 2010 at 4:19 pm

Cisco Systems Inc. (NASDAQ: CSCO) had a bullish bias going into earnings as far as the options traders were concerned.  The networking giant has posted earnings of $0.40 EPS on ...
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The Great Wal-Mart Battery Trade-Out (XIDE, JCI, WMT)

Posted: February 3, 2010 at 12:51 pm

Exide Technologies (NASDAQ: XIDE) is getting crushed today after news that the company was notified by Wal-Mart Stores Inc. (NYSE: WMT) that the retailer will stop selling the company's auto ...
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Anonymous Source Story Of The Week: Huge Layoffs At Take-Two (TTWO)

Posted: February 3, 2010 at 12:06 pm

MCV, the games business site, reports that Take-Two Interactive (NASDAQ:TTWO) will lay-off 400 people, or 20% of its work force. The company's VP of Corporate Affairs, Alan Lewis, denied the rumor ...
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Are Old People Bankrupting America?

Posted: February 3, 2010 at 11:43 am

From The Atlantic Wire, By Max Fisher As health care costs balloon, swelling the budget and the deficit, elderly Americans are consistently the biggest consumers. This isn't their fault. They ...
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DOE Inventory Data Highlights Ongoing Refinery Woes (OIH, USO, UCO, VLO)

Posted: February 3, 2010 at 11:04 am

The Department of Energy has released some mixed data on weekly oil inventory data, and the take for refining is looking just as bad still or actually worse in February ...
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Challenger Gray Layoffs Dominated By Ten Firms (VZ)(WMT)(M)(XRX)(LMT)

Posted: February 3, 2010 at 9:44 am

Challenger, Gray & Christmas announced that layoffs disclosed by major US firms last month hit 71,482 in January up from 49,094 in December. Downsizing at ten companies made up a third ...
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Top Day Trader Alerts (APKT, ANX, ALVR, AUXL, CTRP, SOLR, HDIX, DDSS, MYGN, NETL, NWS, VRSN, WU)

Posted: February 3, 2010 at 8:56 am

These are this morning's top day trader and active trader alerts with a brief explanation of the news behind the moves: Acme Packet, Inc. (NASDAQ: APKT) up 14% at $12.21 ...
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Today’s Best Market Rumors (2/3/2010)

Posted: February 3, 2010 at 8:41 am

Updated throughout the day. The US could lose its Aaa bond rating at Moody's (CNBC) Obama will outline a significant stimulus for alternative energy  (Reuters) Bank of America (NYSE:BAC) will ...
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Major Premium Buyout at Home Diagnostics, A Return To Old Prices (HDIX)

Posted: February 3, 2010 at 8:35 am

Home Diagnostics, Inc. (NASDAQ: HDIX) is this morning's top pre-market gainer, on news of a buyout.  The company has agreed to be acquired by Nipro Corporation for $11.50 per share ...
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Top Analyst Upgrades and Downgrades (BIDU, CNQ, CCH, GENZ, KFT, LOW, MCD, NDAQ, NEM, QSFT, UBS, WCRX, VALE)

Posted: February 3, 2010 at 8:24 am

These are this Wednesday's top analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Baidu Inc. (NASDAQ: BIDU) Reiterated Buy but target raised to $550 at Goldman Sachs. ...
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Toyota Troubles Mount With Conspiracy Theories

Posted: February 3, 2010 at 6:06 am

Toyota's (NYSE:TM) problems get worse with the passing of each day. The company recalled about eight million vehicles worldwide from problems with accelerators. Toyota then shut down production for most ...
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An FDIC For Proprietary Trading (GS)(JPM)

Posted: February 3, 2010 at 5:46 am

The federal government forever has the habit of reinventing the wheel when a perfectly good wheel is already available. Paul Volcker and his allies on Capitol Hill would like banks that ...
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Bank Of America And AIG Set Favorable Bonus Payouts

Posted: February 3, 2010 at 5:12 am

The trend begun by Goldman Sachs (NYSE:GS) to pay bankers and management generous bonuses has begun to move to other financial firms. AIG (NYSE:AIG) said it had been able to ...
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More People Pay Credit Cards Ahead Of Mortgages

Posted: February 3, 2010 at 4:53 am

Better to be able to have a credit card than to own a home. TransUnion reports in a new study that the percentage of people current on their credit cards but delinquent ...
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