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Monthly Archives: June 2010

HAMP Failure Worsens As Only 340,000 Mortages Permanently Modified

Posted: June 21, 2010 at 2:43 pm

The $75 billion Making Home Affordable Program has not lead to many permanent mortgage modifications. Through May, the number was only 340,459. The figure is particularly pathetic compared to the ...
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Toshiba’s Dual-Screen PC to Launch with Limited Edition (MSFT, APPL, AMZN, BKS)

Posted: June 21, 2010 at 1:32 pm

Japan's Toshiba Corp. thinks it has identified a new class of device, a multipurpose mobile computer, that is a fully functional personal computer and an e-reader. To meet that demand, ...
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Jean-Claude Trichet, Vicious As Usual, Threatens EU’s Weak Members

Posted: June 21, 2010 at 12:26 pm

Jean-Claude Trichet, head of the ECB, has been blamed in part for the disastrous drop in the euro and the spread of the Eurozone credit crisis which began in Greece. ...
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Kindle Pressure? Barnes & Noble Cuts Nook Price

Posted: June 21, 2010 at 12:18 pm

It is hard to tell why anyone would want an e-reader that only works with WiFi, but Barnes & Noble (NYSE: BKS) believes that there is a market. The faltering ...
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TOP DAY TRADER ALERTS (AEZS, AFFY, BIDU, BP, AIPC)

Posted: June 21, 2010 at 9:11 am

There are several stocks on the move this morning. Aeterna Zentaris Inc. (NASDAQ: AEZS) announced positive study data for its growth hormone treatment.  Shares are up almost 7% at $1.26 ...
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Today’s Best Market Rumors (6/21/2010)

Posted: June 21, 2010 at 8:45 am

Updated throughout the day. " France Télécom’s supervisory board has approved the firm’s participation in a joint bid with two other investors for a stake in Le Monde" (Reuters) "BASF, ...
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Top Analyst Upgrades and Downgrades (AFFX, ANDE, CHRM, FE, MOS, OPEN, POT, PLD, PEG, QNST, WBD)

Posted: June 21, 2010 at 8:40 am

These are some of this Monday's top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: Affymetrix Inc. (NASDAQ: AFFX) Cut to Underweight at Piper Jaffray. ...
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The Twitter-24/7 Wall St. Stock Market Report 6.21.2010 The Wisdom Of Crowds

Posted: June 21, 2010 at 8:25 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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“Toy Story 3″ Numbers Are Better Than They Look

Posted: June 21, 2010 at 6:04 am

The "Toy Story 3" numbers are better than they look. Initial estimates are that the Pixar movie, distributed by Walt Disney (NYSE: DIS), brought in $109 million in box office ...
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Restructuring World: Major Spin-Offs From Major Companies (AIG, PUK, AMR, BAC, BCS, BP, GE, GENZ, HBC, LMT, MDR, MOT, STR, SUN, VZ, FTR, VSH)

Posted: June 21, 2010 at 6:02 am

Restructuring never ends in many large corporations.  After a week's worth of reading through dozens of corporate deals in the pipeline and analyzing others which could be close, it seems ...
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BP Raises Estimates Of Spill To As High As 100,000 A Day

Posted: June 21, 2010 at 5:45 am

The US government cannot count to ten using both hands. Neither can most scientists is would seem. BP plc (NYSE: BP) has the same problem. It released documents yesterday that ...
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As Gold Passes $1,265, Where Is The Top? The $140 Crude Lesson

Posted: June 21, 2010 at 5:15 am

It is easy to forget that, unlike money, there is a limited supply of gold. Government printing presses have been hard at work since the beginning of the recession. The ...
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A Wide Racial Divide For Foreclosures

Posted: June 21, 2010 at 4:56 am

The percentage of unemployment among black workers is 16.5%. Among Hispanics it is 12.4%, according to the Bureau of Labor Statistics. So, it is not terribly surprising that mortgage defaults ...
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24/7 Wall St.’s Corporate Power Rankings: Week 23

Posted: June 21, 2010 at 4:34 am

The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product ...
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Media Digest 6/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 21, 2010 at 4:02 am

Reuters: The  yuan rose after China's flexibility announcement. Reuters:   The amount of the Gulf spill could be up to 100,000 barrels a day. Reuters:   The government has no easy way ...
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