Monthly Archives: June 2010

A $20 Billion Check From BP plc?

Posted: June 15, 2010 at 4:48 am

BP plc (NYSE: BP) faces what may be the hardest decision in its history. The U.S. government has supposedly asked for a $20 billion escrow fund to cover clean-up costs ...
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Media Digest 6/15/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 15, 2010 at 3:51 am

Reuters: Credit agencies may not be badly damaged in the financial reform bill. Reuters: Moody's (NYSE: MCO) cut Greece's rating to junk. Reuters: The euro dropped on profit taking. Reuters: ...
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Rumor Of The Day: RIM To Offer New Tablet PC And Blackberry

Posted: June 14, 2010 at 7:43 pm

Rumors have begun to circulate that Research In Motion (NASDAQ: RIMM) will launch a new BlackBerry and a tablet PC to compete with Apple Inc.'s (NASDAQ: AAPL) iPad and iPhone. ...
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BP Outlines Plan To Capture As Much As 80,000 Barrels A Day

Posted: June 14, 2010 at 5:47 pm

Faced with unrelenting pressure to show that it can fix the Deepwater Horizon rig wreck oil leak, BP plc (NYSE: BP) has written Rear Admiral James Watson of the Coast ...
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House Panel Questions BP Actions Before Deepwater Horizon Disaster

Posted: June 14, 2010 at 2:21 pm

The House Committee on Energy and Commerce has sent a letter to BP plc (NYSE: BP) CEO Tony Hayward questioning the actions of the company and some of its employees ...
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Starbucks Offers Free WiFi, No Strings Attached

Posted: June 14, 2010 at 2:03 pm

Starbucks (NASDAQ: SBUX), following in the footsteps of McDonald's (NYSE: MCD) and most small municipal libraries, will begin to offer free WiFi beginning July 1. No reason for the delay ...
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Moody’s Downgrades Greece To Junk

Posted: June 14, 2010 at 1:47 pm

Moody's downgraded Greek debt to junk. Moody's Investors Service has today downgraded Greece's government bond ratings by four notches to Ba1 from A3, reflecting its view of the country's medium-term ...
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First Chance At A Gulf Hurricane

Posted: June 14, 2010 at 12:02 pm

For those who believe that a hurricane would cause a second catastrophe in the Gulf, here storm at bat Douglas A. McIntyre ...
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Amazon Atop Another Useless Retail Study

Posted: June 14, 2010 at 11:42 am

Amazon.com (NASDAQ: AMZN) is by a number of measures the most visited retail site in the US, the most successful e-commerce company in the world, and the online retailer with ...
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New Apple iPhone Faces Overexposure

Posted: June 14, 2010 at 11:13 am

Apple Inc. (NASDAQ: AAPL) will sell its new iPhone in its own retail stores and in Walmart (NYSE: WMT). The should allow the handset and consumer electronics company will have ...
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Consumer Confidence May Not Be As Strong As The Market Thinks

Posted: June 14, 2010 at 11:00 am

The Reuters/University of Michigan sentiment index rose last Friday that consumer confidence grew to 75.5. The figure was better than most forecasts. The news caused a sharp market rally, but ...
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This Week, Screws Tighten on BP to Pay Damages

Posted: June 14, 2010 at 10:46 am

By Benjamin Carlson of The Atlantic Wire President Obama makes his fourth visit to the Gulf this week, and on Tuesday he will give a national prime-time address about the ...
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Can YRC Still Really Survive? (YRCW)

Posted: June 14, 2010 at 10:06 am

YRC Worldwide Inc. (NASDAQ: YRCW) is seeing much trading interest this morning after it confirmed prior expectations that the company will see positive adjusted EBITDA on a consolidated basis and ...
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Top Day Trader Alerts (ACTL, BBI, BP, CTIC, CRNT, ONXX, ROSE, THQI)

Posted: June 14, 2010 at 8:57 am

There are several big movers this morning for day traders and active traders that look for stocks with gap-ups or gap-downs. Stocks with news or events causing moves are Actel ...
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Fed Official Sees Global Growth Surge