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Monthly Archives: June 2010

Today’s Best Market Rumors

Updated throughout the day. KKR may sign a deal to buy Japanese recruitment services firm Intelligence Ltd (WSJ) UBS has handed over 500 private accounts to US authorities. (Sonntag) The ...
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Top Analyst Upgrades and Downgrades (AKAM, BCS, ED, EE, FII, ISRG, LGF, POR, PII, TROW, HD)

These are some of this Monday's top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: Akamai Technologies Inc. (NASDAQ: AKAM) Cut to Hold at Citigroup. ...
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The Twitter-24/7 Wall St. Stock Market Report 6.14.2010 The Wisdom Of Crowds?

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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Euro Moves Back Above $1.22 Causing Global Markets To Surge

The value of the euro moved above $1.22, an indication that markets have a bit of optimism about EU prospects. The numbers helped cause a rally in Europe's markets and ...
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China Energy Consumption Soars In Another Sign Of Expansion

China's rapacious appetite for energy could still drive up global prices for crude and coal. China.org reports that China's May electricity consumption growth slowed from April despite a year-on-year increase ...
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BP Costs Hit $1.6 Billion As Obama Hits TV

BP plc (NYSE: BP) says its cost for the Deepwater Horizon disaster hit $1.6 billion this weekend. More than 51,000 people, organizations or states have made claims against the company. ...
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Petrobras: A $25 Billion Share Offering, A Challenge To Deepwater Drilling

Petrobras, the huge oil firm controlled by the Brazilian government, plans to raise $25 billion in the capital markets--one of the largest share offerings in history. The money will go ...
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Fannie Mae And Freddie Mac Bailouts Could Cost $1 Trillion

The cost of the bailouts of Freddie Mac (NYSE: FRE) and Fannie Mae (FNM) could rise as high as $1 trillion, according to Bloomberg. Even the most modest projections call ...
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Eurozone Banks Have $727 Billion Exposure To Weak EU Nations

International banks headquartered in the Eurozone have $727 billion in exposure to debt from Greece, Spain, Portugal, and Ireland. The is 62% of the exposure to banks worldwide, according to ...
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Media Digest 6/14/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters:   Obama's leadership will be tested this week by his reaction to BP plc (NYSE: BP) spill. Reuters:   Jobs are critical to the housing recovery. Reuters:   China's AgBank will attempt ...
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24/7 Wall St.’s Corporate Power Rankings: Week 22

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Honda Sends In Strike Breakers In China

Honda Motors (NYSE: HMC) is using good old-fashioned management tactics to overcome strikes that have shut some of its plants and related parts operations in China. The Japanese company agreed ...
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Onshore Winds Push Spill Toward Land As Slick Increases, Obama Demands Escrow

The NOAA reports that winds are likely to push oil ashore for most of next week, affecting the Gulf Coast from West of New Orleans to the Florida Panhandle. Onshore ...
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China Attacks US Congress Move To Press Yuan Issue

China has elected to play a game of chicken with members of Congress on the issue of revaluing the yuan. Several members of the House and Senate have told the ...
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US Warns BP About Leak Control Improvement In Next 48 Hours

The US government has sent a sharply worded letter to BP plc (NYSE: BP) about the pace at which it needs to cap the oil spill from the Deepwater Horizon ...
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