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Daily Archives: March 11, 2010

The Below Average CEO: Olli-Pekka Kallasvuo Of Nokia (NOK)

Posted: March 11, 2010 at 11:49 am

Average: “an estimation of or approximation to an arithmetic mean”–Webster Among the public companies in the handset business which trade on US exchanges, Nokia  (NOK) has performed the most poorly ...
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Google’s Vain Advice to Save Newspapers

Posted: March 11, 2010 at 10:03 am

By John Hudson, The Atlantic Wire On Tuesday, Hal Varian, Google's top economist, delivered a keynote address on the economics of the newspaper industry. He's a notable expert on the ...
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6 New Leveraged Direxion ETFs (BRIL, INDL, SOXL, BRIS, INDZ, SOXS)

Posted: March 11, 2010 at 9:02 am

Direxion is launching six new Direxion Shares Daily ETFs, making the leveraged ETF trading instruments now at 34 ETFs.  These will seek 200% of the daily performance or 200% of ...
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Today’s Best Market Rumors (3/11/2010)

Posted: March 11, 2010 at 8:48 am

Updated throughout the day. Citigroup (C) may earn $20 billion in 2012 (FT) Macquarie Group, Australia’s largest investment bank, is on the hunt for more U.S. assets. (Bloomberg) Regulators have ...
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Top Analyst Upgrades and Downgrades (AMLN, NLY, ARMH, BBBY, CO, DPS, LVLT, SANM, YHOO)

Posted: March 11, 2010 at 8:17 am

These are this Thursday’s top analyst upgrades, downgrades, and initiations seen from Wall Street morning research calls: Amylin Pharmaceuticals (NASDAQ: AMLN) Started as Buy at Merriman Curhan Ford. Annaly Mortgage ...
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China’s Economic Rise Is Truly Glorious

Posted: March 11, 2010 at 8:09 am

By John Tamny of Forbes It's very difficult to pick up any kind of financial publication these days without reading about China's growing economy, and what this means for the ...
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No Signs Of Intelligent Life At VW

Posted: March 11, 2010 at 7:56 am

Like GM and Toyota (TM) before it, VW aims to be the largest car company in the world within a few years with a huge lead over its competition. In ...
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US Foreclosure Activity Slows Considerably

Posted: March 11, 2010 at 6:07 am

After a month of bad news about housing starts, existing home sales, and mortgage delinquencies, the number of homes going into foreclosure is slowing rapidly. RealtyTrac reported 308,524 U.S. properties ...
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How Flawed Is China’s Economic Data?

Posted: March 11, 2010 at 5:53 am

China's statistics bureau said that the rise in housing prices over the last year was 1.5%. The China Real Estate Association put the figure at 22%. "When I saw that ...
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The Hackers Go For The Money

Posted: March 11, 2010 at 5:22 am

"Go where the money is, and go there often"--Willie Sutton, professional bank robber Hackers can work their way into Google's (GOOG) mail servers in China and government computers with sensitive ...
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Unemployment Insurance And The Re-Cycling Of Tax Dollars

Posted: March 11, 2010 at 5:02 am

The unemployment rate is slightly below the 10% mark, which seems terribly important psychologically. It seems that the economy is fine if the jobless rate is 9.7% but is ...
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Mexico’s Carlos Slim Tops Forbes’s World’s Richest List; Unseats Gates, Buffett

Posted: March 11, 2010 at 3:57 am

By Bruce Watson, Daily Finance Forbes just released its annual ranking of the world's richest people and, to a few readers, the list may come as a shock. The top ...
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Media Digest 3/11/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 11, 2010 at 3:55 am

Reuters:   BP (BP) bought Devon for $11 billion to get access to its oil fields. Reuters:  Toyota (TM) give a Senate panel a memo from a union seeking better quality ...
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Asia Markets And Europe Open (3/11/2010)

Posted: March 11, 2010 at 3:27 am

Markets in Asia were slightly higher. The Nikkei rose 1% to 10,685. Sony (SNE) moved higher. The Hang Seng was up .1% to 21,228. The Shanghai Composite was up .6% ...
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