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Monthly Archives: June 2010

GM Returns To The Super Bowl

Posted: June 7, 2010 at 6:05 am

GM better have that $40 billion IPO this year or early next. It is giving cars to baseball pitchers and putting people and dealers out of work at a torrid ...
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China Becomes The High-Cost Provider Of Goods

Posted: June 7, 2010 at 5:45 am

China has a problem. Before the recession it was clearly the low-cost provider of goods among the largest nations of the world. Its inexhaustible workforce were another advantage. Its manufacturing ...
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BP: No Such Thing As Catching A Problem Too Early

Posted: June 7, 2010 at 5:26 am

The caricature of best business practice, exemplified by private equity firms, large corporations, venture capital operations, and Ivy League graduates, is to be deliberate and slow when making decisions. Entrepreneurs and ...
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Reports of the Death of TV Networks Are Exaggerated

Posted: June 7, 2010 at 4:50 am

Media companies and investors are treating the broadcast television businesses as if they had the plague. There are rumors that Walt Disney Co. (NYSE: DIS) wants to dump ABC and ...
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24/7 Wall St.’s Corporate Power Rankings: Week 21

Posted: June 7, 2010 at 4:40 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 6/7/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 7, 2010 at 3:55 am

MarketWatch:   The Nikkei dropped 3.8%. Reuters:   The euro dropped to a four-year low as investors exit risk. Reuters:   Foxconn will up wages after suicides. Reuters:   Economists expects a slowdown but ...
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More Concern The Global Banks Could But Hurt By EU Finances

Posted: June 6, 2010 at 7:57 am

There has been speculation that banks outside Europe could be badly damaged by the default of debt by several EU sovereign nations or the collapse of banks within their boarders. ...
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National Employee Morale Day At Oracle (ORCL)

Posted: June 5, 2010 at 10:40 am

Oracle Corporation (NASDAQ: ORCL) will deepen its cost cuts as part of its buyout of Sun Microsystems. Sun employees have already endured years of job reductions as the firm's revenue ...
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BP Slick Moves East Quickly

Posted: June 5, 2010 at 9:54 am

Some predictions show the spill from the Deepwater Horizon wreck will extend up the East Coast and into the middle Atlantic by August. The current NOAA map shows the oil ...
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2010 Bank Closings Hit 81, Costs May Hit $100 Billion

Posted: June 5, 2010 at 7:44 am

The FDIC closed three banks Friday bringing the total to 81 for this year. The news raises the question of whether the $45 billion that the agency raised last year ...
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Gold Rush, Yet Many Poor Miners (GLD, GDX, GDXJ, GRZ, DROOY, RTP, KGC, AUY)

Posted: June 4, 2010 at 2:17 pm

Over the past year, gold prices have jumped by about a third, from around $900/ounce to over $1,200/ounce. And while the ETFs that track gold bullion and gold miners are ...
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U.S. Euro Revenge: Floods of Fat American Tourists

Posted: June 4, 2010 at 1:29 pm

The U.S., and the rest of the world, is being held hostage to the woes of Europe.  Don't fret about it.  Americans are about to take revenge on Europe for ...
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Worldwide Shipping is Stalling

Posted: June 4, 2010 at 11:39 am

As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping ...
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Wal-Mart Tries for $15 Billion More in Share Buybacks (WMT, RTH)

Posted: June 4, 2010 at 11:02 am

Wal-Mart Stores, Inc. (NYSE: WMT) is going for the headline effect this morning at its 40th Annual Meeting of Shareholders.  The company announced that its Board of Directors has just ...
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Petrobras Looking For Record Share Offering (PBR)

Posted: June 4, 2010 at 10:20 am

The global equity market is about to get ready to absorb one of the world's largest securities offerings ever.  Petroleo Brasileiro SA (NYSE: PBR), or the state-run 'Petrobras,' has hired ...
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