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Daily Archives: March 16, 2010

CIT Earnings… Sins of Thy Bankrupt Father (CIT)

Posted: March 16, 2010 at 8:21 pm

CIT Group, Inc. (NYSE: CIT) is out of bankruptcy, has John Thain as its new CEO, and is trying to get on with life in 'the new normal' in a ...
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As Google Nexus One Goes To AT&T, Lack Of Enthusiasm Goes With It

Posted: March 16, 2010 at 2:13 pm

Google (GOOG) has created a version of its Nexus One Android-powered phone that will work on the AT&T (T) wireless network. That is a large step up from the T-Mobile network ...
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Exxon & XTO Merger Approved: Energy Mergers Galore Coming? (XOM, XTO, BJS, BHI, SLB, SII)

Posted: March 16, 2010 at 2:05 pm

When Exxon Mobil Corp. (NYSE: XOM) announced that it was going to acquire XTO Energy Inc. (NYSE: XTO)for  $31 billion in an all-stock transaction ($41 billion after debt assumption; with ...
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FOMC Takes Its Sweet Time on Rate Hike

Posted: March 16, 2010 at 1:27 pm

As expected, despite a belief that rates need to rise from here, the FOMC announced decision on interest rates leaves the 0.0% to 0.25% Fed Funds rate target unchanged.  A ...
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Nike & CBS Look to Tiger Woods (CBS, NKE)

Posted: March 16, 2010 at 12:32 pm

If all goes smoothly, the future of Tiger Woods and the media may finally be back to him being the biggest golf star ever rather than the subject of tabloids ...
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Hints of the GE Dividend Hike (GE, MMM, UTX)

Posted: March 16, 2010 at 11:33 am

As we have been expecting for a month or more, General Electric Co. (NYSE: GE) is now acting as though it is probably closer to raising its dividend than what ...
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S&P To Greece’s Rescue (NBG)

Posted: March 16, 2010 at 10:22 am

Standard & Poor's may have just come to the rescue of Greece in a better or more clear manner than what the European nations have tried to do all along.  ...
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Bracing for the Bernanke Put

Posted: March 16, 2010 at 8:58 am

The FOMC decision on interest rates is expected today at or around 2:15 PM EST.  Most market pundits are expecting no change to the Fed Funds Rate.  The target of ...
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Amazingly, Lehman Lives On Despite Bankruptcy (LEHMQ)

Posted: March 16, 2010 at 8:33 am

Lehman Brothers Holdings Inc. (LEHMQ) is still alive as a stock despite the company being dead.  It turns out that there is actually a little asset value left here, as ...
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Today’s Best Market Rumors (3/16/2010)

Posted: March 16, 2010 at 7:52 am

Updated throughout today. Employees may sue AIG (AIG) after getting less in bonus that their employment agreements called for (NYT). Michael Jackson's estate signed a $200 million deal with Sony ...
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Top 10 Analyst Upgrades and Downgrades (ALU, BSX, EAT, CLX, GT, KMB, SBUX, TEVA, UNH, WU)

Posted: March 16, 2010 at 7:26 am

These are this Tuesday's top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls during the pre-market hours.  It is more skewed to downgrades, something we have ...
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Walmart, The Banking Giant, Extends It Reach

Posted: March 16, 2010 at 4:57 am

Restrictive state banking laws are not preventing Walmart (WMT) from extending its reach as a financial services presence which dwarfs many banks. The world's largest retailer will extend its "Money Centers"  ...
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Walmart, The World’s Grocer, Lowers Prices

Posted: March 16, 2010 at 4:56 am

Walmart (WMT) intends to use what it charges for groceries as a weapon against its competition. By lowering prices, it may have the dual effect of drawing new shoppers and ...
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Bank Reform May Be Short The Votes It Needs

Posted: March 16, 2010 at 4:41 am

The healthcare reform package, the centerpiece of the Obama presidency, never made it though Congress, at least not in the form the President would have liked. It will still struggle ...
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Tort Reform For The Bank Business

Posted: March 16, 2010 at 4:19 am

The legal actions against Lehman total, by some estimates, 62,000 plaintiffs which have a total of $785 million in claims against the failed bank. The restructuring of the firm had already cost $642 million as ...
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