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Monthly Archives: July 2010

US Issues New Drilling Ban

Posted: July 12, 2010 at 7:21 pm

Secretary of the Interior Ken Salazar directed the Bureau of Ocean Energy Management, Regulation and Enforcement to issue new suspensions of deepwater drilling on the Outer Continental Shelf , saying ...
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How Bruce Berkowitz Accidentally Helped Ambac (MBI, AIG, ABK)

Posted: July 12, 2010 at 6:33 pm

If you look through activist investor hedge fund filings, one of the top fund managers and funds to watch is Bruce Berkowitz of Fairholme Capital Management, L.L.C.  It is of ...
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Banks Write Down Debt Valuation to Post Profit (JPM, C, BAC, MS, GS, WFC)

Posted: July 12, 2010 at 4:42 pm

Later this week the nation's six largest banks will start trotting out second quarter earnings that are expected to be significantly lower than earnings in the first quarter. A portion ...
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Alcoa Clears A Very Low Bar (AA, ACH, CENX, KALU)

Posted: July 12, 2010 at 4:28 pm

Alcoa, Inc. (NYSE: AA) managed to beat earnings estimates from continuing operations, if you can imagine.  The aluminum giant, and first of the DJIA 30 components to report earnings, reported ...
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Mosaic: Environmental Suit Poses New Mine Risks (MOS, MOO, CF, POT)

Posted: July 12, 2010 at 3:57 pm

The Mosaic Company (NYSE: MOS) is having a rough day.  Some will call this environmental bashing, and some will call this environmental policing.  Based upon what we have seen out ...
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Does the Baltic Dry Index Really Indicate Anything?

Posted: July 12, 2010 at 2:46 pm

The Baltic Dry Index has just dropped for a 32nd straight day, the longest continuous drop in the index in nine years. The BDI measures daily shipping rates for dry ...
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Spain/Netherlands: Looking at ‘World Cup Effect’ in ADRs & ETFs (SNF, EWP, BBVA, STD, REP, TEF, EWN, PHG)

Posted: July 12, 2010 at 2:00 pm

Chances are good that you have heard of trading theories such as "The January Effect," "The Super Bowl Effect," and even the "Sell in May and Go Away!" trading strategies.  ...
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Chinese Demand Could Lead to Boom in Uranium Prices

Posted: July 12, 2010 at 12:30 pm

Uranium ore prices peaked at $136/pound in July 2007 and have fallen nearly 70% since then to $41.75/pound. The drop came as new mines were developed in response to anticipated ...
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Playboy Bidding War: Heff’s Financing Versus A Penthouse Raid (PLA)

Posted: July 12, 2010 at 11:48 am

Playboy Enterprises, Inc. (NYSE: PLA) saw its shares hit a 52-week high today, although long-term shareholders who were in before the last two years are still finding themselves in the ...
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Class-Action Lawsuit to Proceed Against Apple, AT&T

Posted: July 12, 2010 at 11:15 am

A federal district court judge in California ruled Friday that a  lawsuit against Apple Inc. (NASDAQ:AAPL) and AT&T (NYSE:T) may proceed as a class action. The suit combines individual lawsuits ...
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YRC Worldwide: Lessons From SIRIUS XM (YRCW, SIRI)

Posted: July 12, 2010 at 10:50 am

YRC Worldwide Inc. (NASDAQ: YRCW) is starting to do what many companies do when they have a large business with thousands of shareholders and employees with a low stock price ...
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What D.C.’s Social Safeway Can Tell Us About Economics

Posted: July 12, 2010 at 9:08 am

By John Tamny of Forbes During its yearlong reconstruction, the trade deficits that Washington, D.C. residents held with the "Social" Safeway plummeted.  To conventional economists this would be a good thing, but the ...
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Top Day Trader Alerts (AA, BIDU, GOOG, BP, HEW, SNDK, VVUS, WMT, WY)

Posted: July 12, 2010 at 8:53 am

Many stocks are on the move for day traders and active traders this Monday morning ahead of earnings season.  Today's top alerts are in Alcoa, Inc. (NYSE: AA), Baidu, Inc. ...
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Today’s Best Market Rumors (7/12/2010)

Posted: July 12, 2010 at 8:40 am

Updated throughout the day. Exxon Mobil (NYSE: XOM) may buy BP plc (NYSE: BP) various BP plc may sell assets in Prudhoe Bay To Apache (NYSE: APA).  (various) Blackstone (NYSE: ...
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The Twitter-24/7 Wall St. Stock Market Report 7.12.2010 The Wisdom Of Crowds

Posted: July 12, 2010 at 8:32 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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