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Monthly Archives: June 2010

Germany’s Merkel Tests Europe’s Financial Resolve, Again

Posted: June 10, 2010 at 4:42 am

Germany's Chancellor Angela Merkel seems keen on asserting her nation's political and financial power in the EU, or she wants to see the region's $1 trillion rescue package fail. In ...
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Media Digest 6/10/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 10, 2010 at 3:50 am

Reuters:   Volcker is optimistic about a good financial reform bill. Reuters:   BP plc (NYSE: BP) shares dropped on concerns about financial viability. Reuters:   China exports rose, putting the yuan issue ...
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AT&T Security Problem Exposes 114,000 iPad Email Addresses

Posted: June 9, 2010 at 7:34 pm

Gawker reported that a security breach of data from Apple (NASDAQ: AAPL) iPad users whose wireless service with AT&T (NYSE: T) exposed 114,000 email addresses. AT&T's bumbling about the matter ...
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Big Dividend & Buybacks Keep Coming (BG, FRX, IN, KBR, MON, VIA, WMT, CAT, FDX, TGT)

Posted: June 9, 2010 at 3:16 pm

So much for a double-dip recession, or at least that is what the waves of new share buybacks and dividend hikes from big key companies are saying.  In recent days ...
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Fed’s Beige Book Steady, But With Inventory Concerns

Posted: June 9, 2010 at 2:10 pm

The Federal Reserve's newest Beige Book comments are out.  They were prepared at the Federal Reserve Bank of Chicago and the cut-off date for information was May 28, 2010.   In ...
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Net Public Debt To GDP Nearly Doubles 1990-2015

Posted: June 9, 2010 at 1:58 pm

Encouraging news from the Treasury Department. The ratio of net debt-to-GDP is forecast to go from 41.5% in 1990 to 73.1% in 2015 provided that the economy meets extremely aggressive ...
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Ackman Confirms Why Citigroup Could Still Double (C)

Posted: June 9, 2010 at 1:14 pm

It was during the most recent meltdown that we gave a list of companies where the stocks could still double, and Citigroup Inc. (NYSE: C) was one of them.  Bill ...
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Bernanke & The Burden Of American’s Aged

Posted: June 9, 2010 at 11:39 am

Ben Bernanke's testimony before the Committee on the Budget of the U.S. House of Representatives was mostly predictable. He talked about the steady improvement in the American economy and predicted ...
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Ambac, When Companies Just Can’t Get It Right (ABK)

Posted: June 9, 2010 at 9:56 am

Ambac Financial Group, Inc. (NYSE: ABK) was trying to have a good day yesterday, but it is one of those companies where almost all good news is met by more ...
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Today’s Best Rumors (6/9/2010)

Posted: June 9, 2010 at 9:07 am

Updated throughout the day. There is a second leak in the Gulf near the Deepwater Horizon wreck, or not (various). Tornier, a Dutch medical device company, will raise $205 million ...
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Top Day Trader Alerts (BIDU, CIEN, ECLP, PIP, REGN, TLAB, TXN, TIVO, TTIL)

Posted: June 9, 2010 at 9:01 am

There are many big movers today in the day trader and active trader alert categories, some on merger and some on earnings and guidance.  Stocks on the move are Baidu, ...
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The Twitter-24/7 Wall St. Stock Market Report 6.9.2010 The Wisdom Of Crowds?

Posted: June 9, 2010 at 8:57 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 (ABB, MDRX, BSX, DROOY, GFI, HMY, WFR, BTU, POT, PHM, PUK, STM, WEN)

Posted: June 9, 2010 at 8:30 am

These are some of the top analyst upgrades, downgrades and initiations we have seen from Wall Street research calls this Wednesday morning: ABB Ltd. (NYSE: ABB) Raised to Buy at ...
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Another Sign Of Major Housing Slump–Weekly Applications Fall Again

Posted: June 9, 2010 at 8:25 am

The end of federal tax credits for home buyers which were as high as $8,000 ended in April. That almost certainly took some of the wind out of any improvement ...
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IMF Makes Another Unrealistic Call For Austerity

Posted: June 9, 2010 at 7:27 am

The IMF has made another call for austerity in spending, particularly in Europe. The agency has also put restated its belief that growth in GDP is Europe's only path to ...
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