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Monthly Archives: June 2010

Microsoft Kills New Kin Phone After Only Two Months

Posted: June 30, 2010 at 6:53 pm

CNET reports that Microsoft Corporation (NASDAQ: MSFT) will end production of its Kin social media smartphone. It has only been on the market for two months. Microsoft told CNET that ...
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Moody’s May Downgrade Spain’s Aaa Rating, Contagion Rules

Posted: June 30, 2010 at 6:41 pm

There is another reason for the embattled euro to sell off. Moody's says it may downgrade Spain's debt which currently has an Aaa rating. The agency said, "Moody's decision to ...
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Chinese Bank To Make Commercial Real Estate Loans

Posted: June 30, 2010 at 2:14 pm

The world's most profitable bank, China's Industrial and Commercial Bank of China, plans to begin making loans in excess of $100 million to US commercial real estate owners. The ICBC, ...
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Monsanto Posts New 52-week Low on Weak Report

Posted: June 30, 2010 at 12:45 pm

The hits just keep on coming for Monsanto Corp. (NYSE:MON). The company today reported third fiscal quarter EPS of $0.81 on revenue of $2.96 billion. EPS estimates had been $0.80 ...
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Wal-Mart Shakes Up Executive Suite

Posted: June 30, 2010 at 12:29 pm

For a while there, during the economic downturn that started in the second half of 2008, Wal-Mart Stores Inc. (NYSE:WMT) looked like it had found a large number of ...
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Ford’s Treasurer Comments on Debt Payments (F)

Posted: June 30, 2010 at 10:34 am

Ford Motor Co. (NYSE: F), America's only major automaker not in debt to taxpayers, is seeing its shares gain this morning after it paid off more than $4 billion in ...
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The ADP Number And The Double-Dip Recession

Posted: June 30, 2010 at 9:30 am

The RealtyTrac numbers from this morning showed that improved housing activity in March and April was caused by federal tax breaks and low mortgage rates. Once those benefits disappeared, home ...
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Top Day Trader Alerts (AIG, AAPL, STST, BIDU, BP, CELG, ABII, MON, SUPG, TIBB, YRCW)

Posted: June 30, 2010 at 9:10 am

There are many stocks on the move this morning, some from earnings some not.  The active trader and day trader alerts seen so far this morning in the pre-market are ...
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Today’s Best Market Rumors (6/30/2010)

Posted: June 30, 2010 at 8:48 am

Updated throughout the day. Blackstone Group (NYSE: BX) is close to finishing fund-raising for its sixth global buyout fund--$9 billion (Reuters) Mukesh Ambani, the Indian billionaire who controls Reliance Industries, ...
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ADP’s Ill Omen For Unemployment and Payrolls

Posted: June 30, 2010 at 8:40 am

ADP released its monthly payrolls data this morning.  The bad news is that it came in under expectations and it sets up for a weak Friday report for June Unemployment ...
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The Twitter-24/7 Wall St. Stock Market Report 6.30.2010 The Wisdom Of Crowds

Posted: June 30, 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 have ...
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Top Analyst Upgrades and Downgrades (AZN, EXFO, FTE, HCBK, LPX, PT, SNN, USB, VOD)

Posted: June 30, 2010 at 8:01 am

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research early this Wednesday.  Some of the U.S. calls will get pretty thin as we ...
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Foreclosure Sales One-Third Of All Home Sales In Q1

Posted: June 30, 2010 at 6:01 am

The number of homes going into foreclosure is, by some measures, more than 300,000 a month. Buyers are taking advantage of that trend. RealtyTrac reports that "foreclosure homes accounted for ...
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A $1 Trillion Cost For Financial Reform?

Posted: June 30, 2010 at 5:33 am

The International Swaps and Derivatives Association claims the financial reform bill, as its exists now, will require traders to post collateral for all over-the-counter derivatives that are not cleared, including ...
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Would The $19 Billion Bank Tax Kill Consumer Lending

Posted: June 30, 2010 at 5:08 am

The $19 billion bank tax which was a cornerstone of the financial reform bill appears to be dead. But in the ever-changing negotiations to get legislation to the President's desk ...
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