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Monthly Archives: June 2010

BP Spill Hits Florida With Force

Posted: June 20, 2010 at 11:43 am

While BP CEO Tony Hayward was attending yacht races, the first wave of oil from the Deepwater Horizn hit Florida's Gulf shore beaches beginning a new chapter in the damage ...
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China To Take Yuan Off Dollar Peg, Huge Victory For Geithner

Posted: June 19, 2010 at 9:54 am

China has knuckled under to pressure from the US and G20 nations and will allow a gradual revaluation of the yuan, decoupling it from the US dollar. The US Administration ...
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Adults Text By Driving More Than Teens

Posted: June 19, 2010 at 6:18 am

Texting while driving, along with talking on cellphones are considered to be a major cause of accidents on American roads. Some studies show that the distraction makes it more likely ...
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Anadarko (APC): Everything Is BP’s Fault

Posted: June 18, 2010 at 11:59 pm

Anadarko Petroleum, BP's partner in the Gulf and holder of 25% of the interest in the Mississippi Canyon block 252  lease drilling area,  today said that everything was BP's fault ...
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BioHealth Business Daily (AMGN, AMLN, ALKS, DNDN, SNY, GENZ, MIPI)

Posted: June 18, 2010 at 2:37 pm

There are many key movers in today's BioHealth Business Daily.  We have included background data, news, reactions, and added in color where applicable.  BioHealth stocks to watch today are Amgen ...
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BP’s Tony Hayward To Lose Control Of Gulf Operations

Posted: June 18, 2010 at 1:21 pm

According to SkyNews, Tony Hayward, CEO of BP plc will lose control over the company's operations in the Gulf of Mexico, the site of the Deepwater Horizon disaster. BP Chairman ...
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Nevada Passes Michigan In Unemployment Rate, Motor State Held Top Spot Since April 2006

Posted: June 18, 2010 at 1:05 pm

After four years, Michigan lost its spot as the unemployment leader in the U.S., according to May numbers from the Bureau of Labor Statistics. Unemployment fell in 37 states during ...
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Cut Defense Spending, Save the Economy?

Posted: June 18, 2010 at 12:27 pm

By Max Fisher of The Atlantic Wire With the spiraling U.S. budget deficit cited as a primary reason for the recently failed jobs bill, there is rising concern on Capitol ...
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Ethanol Debate Will Heat Up as Subsidy Nears Expiration (ADM, VLO, PEIX, ANDE, BIOF

Posted: June 18, 2010 at 11:57 am

The federal subsidy of $0.45/gal for domestic ethanol is set to expire at year's end, and the sparks are flying now as the embattled industry seeks to renew government payments. ...
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Profiting from Gold at All-Time Highs (GLD, PHYS, GDX, GDXJ, GGN)

Posted: June 18, 2010 at 11:51 am

Gold has effectively decoupled from everything.  Markets rise, gold is up.  Markets fall on uncertainty, gold is up.  Dollar strength, gold is up.  Euro strength, gold is up.  Oil falls ...
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TOP DAY TRADER ALERTS (ABK, AMLN, NMTI, FNM, FRE, BP, WAG, CVS, KAMN)

Posted: June 18, 2010 at 9:08 am

Ambac Financial Group, Inc. (NYSE: ABK) had been up over 6% but is now just up 2.5% at $0.80.  The troubled company has a debt for equity exchange announced with ...
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Today’s Best Market Rumors (6/18/2010)

Posted: June 18, 2010 at 8:55 am

Updated throughout the day. Motorola (NYSE: MOT) will put most of the cash on its balance sheet with its new independent cellphone spin off  (WSJ) Several private equity firms seeking ...
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Motricity IPO, An Under-Price IPO (MOTR)

Posted: June 18, 2010 at 8:50 am

Motricity (NASDAQ: MOTR) is coming public this morning, but at a lower price than had been expected.  The prior $14 to $16 per share range was cut down to $10 ...
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The Twitter-24/7 Wall St. Stock Market Report 6.18.2010 The Wisdom Of Crowds

Posted: June 18, 2010 at 8:47 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 (BP, BEN, IVZ, LNCR, KR, PHG, SWY, SWN, TSO, WMB)

Posted: June 18, 2010 at 8:38 am

These are some of this Friday's top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: BP plc (NYSE: BP) target cut at HSBC; Cut to ...
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