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Monthly Archives: April 2010

As Google Leaves China, Baidu Earnings Rocket 165%

Posted: April 29, 2010 at 6:03 am

Google (NASDAQ: GOOG) may not have been gone from mainland China for long, but Baidu's earnings showed why the American search company never had much of a chance to be a big ...
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24/7 Wall St. Exclusive: GE CEO Jeff Immelt Interview (GE)

Posted: April 29, 2010 at 6:01 am

General Electric Co. (NYSE: GE) held its 2010 annual shareholder meeting on Wednesday in Houston.  24/7 Wall St. was given a private interview with Jeff Immelt, Chairman and CEO of ...
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Eurozone Nations Can Bail out Their Banks Or Greece

Posted: April 29, 2010 at 5:34 am

There are several reports that Evolution Equities and Barclays have estimated the cost of a Greek default to Europe's banks over three years . One of the reports, from the ...
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Spanish Unemployment Moves Above 20%, Europe Numbers Not Credible

Posted: April 29, 2010 at 5:00 am

Spanish unemployment was higher than estimated in the first quarter which means that its credit crisis may be getting worse more quickly then believed. Information from Spanish newspaper ABC.es and ...
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Media Digest (4/29/2010) Reuters, WSJ, NYTimes, FT. Bloomberg

Posted: April 29, 2010 at 3:54 am

Reuters:   Hewlett-Packard (NYSE: HPQ) will gamble on the smartphone industry with its buyout of Palm (NADSAQ: PALM) Reuters:   The oil spill from a BP plc (NYSE: BP) rig is close to ...
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H-P Is First Mover To Buy Palm (HPQ, PALM, AAPL, RIMM)

Posted: April 28, 2010 at 4:22 pm

Hewlett-Packard (NYSE: HPQ) is the first to take a bite into Palm, Inc. (NASDAQ: PALM).  Shortly after today's closing bell,  H-P and Palm said they entered into a definitive agreement ...
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Netflix Turns Into Battleground Stock (NFLX)

Posted: April 28, 2010 at 3:31 pm

Netflix, Inc. (NASDAQ: NFLX) has become nothing short of a battleground stock with many in favor and many getting very questionable.  It has a cult following and a momentum following ...
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China’s Oil Companies Could Help Slow Credit Demands (SNP, COP, CEO, PTR, BP)

Posted: April 28, 2010 at 2:42 pm

Like oil refiners everywhere, China Petroleum and Chemical Co. (NYSE:SNP), better known as Sinopec, had a tough year in 2009. The company's revenues were down nearly 7%, but EPS was ...
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FOMC Keeps “Extended Period” Stance, No Hike

Posted: April 28, 2010 at 2:24 pm

As you expected, no rate hike came from the two-day FOMC meeting today at 2:15 PM EST. The target Fed Funds Rate was kept at the same 0.00% to 0.25% ...
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GE’s Dividend Hike Commitment (GE)]

Posted: April 28, 2010 at 2:07 pm

General Electric Co. (NYSE: GE) has held its annual shareholder meeting today.  With at least a bit of a surprise on our part, there was no formal action announced on ...
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Casual Dining Woes: People Too Cheap To Eat Out (BWLD, PNRA, TXRH, RRGB, CAKE, PFCB, EAT, DRI, CMG)

Posted: April 28, 2010 at 1:08 pm

The economy is getting better.  People are spending more money.  Retail saw a giant March and is expected to have another great same-store sales figure on an individual basis for ...
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Kissing PIIGS… S&P Downgrades Spain (SNF, EWP, BBVA, STD, REP, TEF)

Posted: April 28, 2010 at 11:54 am

Standard & Poor's just hit the brakes on the markets, a day after cutting Greece and Portugal.  The PIIGS are taking another toll, with the cut today being the long-term ...
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Fear Grips Europe as Greek Crisis Threatens to Spread

Posted: April 28, 2010 at 10:45 am

By Heather Horn Yesterday, Standard & Poor's again downgraded Greece's debt, this time to junk level, and downgraded Portugal's as well. Stock markets across Europe dove on the news, confirming ...
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Today’s Best Market Rumors

Posted: April 28, 2010 at 9:06 am

Updated throughout the day. Sinopec (NYSE: SNP) will sell $2.93 billion in bonds (WSJ) Research-in-Motion (NASDAQ: RIMM) has set a goal of 100 million customers worldwide (Globe & Mail) Douglas ...
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The Twitter-24/7 Wall St. Stock Market Update 4.28 The Wisdom Of Crowds?

Posted: April 28, 2010 at 8:39 am

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some ...
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