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Monthly Archives: July 2010

Oil Leak Likely To Hit Miami

Posted: July 2, 2010 at 3:27 pm

NOAA has made projections of the likely path of the Deepwater Horizon rig spill. The model for the forecasts is based on ocean and weather patterns determined by government ...
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Australia Lowers Excess-Profits Tax Proposal (BHP, RTP, XSRAY, VA

Posted: July 2, 2010 at 3:09 pm

Last week's change in Australian prime ministers has produced an early result for mining companies with assets in the country. A proposed excess profits tax of 40%, put forth by ...
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New Regulations Could Limit Health Insurers’ Profits (UNH, AET, HUM, WLP, CI, ANAT, AIZ)

Posted: July 2, 2010 at 2:53 pm

The next major change coming to the US health-care industry is due to take effect on January 1, 2011. The health care reform act includes a restriction on how much ...
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Bank of China to Seek Funds Through Rights Issue

Posted: July 2, 2010 at 10:57 am

Trading in shares of Bank of China Ltd. (OTC: BACHY) was halted on the Hong Kong stock exchange yesterday for no specified reason. Shares did continue to trade on the ...
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Why Plummeting Home Sales Matter

Posted: July 2, 2010 at 10:21 am

By Max Fisher of The Atlantic Wire U.S. pending home sales, home construction, and mortgage applications all declined significantly in May, according to newly released statistics. While the drop was ...
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Icahn Can Just Say No at Lions Gate

Posted: July 2, 2010 at 10:16 am

Carl Icahn didn't get what he wanted in his $7/share tender offer for Lions Gate Entertainment Inc. (NYSE: LGF), but he got enough. Icahn's extended offer period ended June 30th ...
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Today’s Best Market (7/2/1010)

Posted: July 2, 2010 at 9:11 am

Updated throughout the day. The Toyota (NYSE: TM) recalls of 270,000 cars will cost $228 million. (Reuters) Sanofi-Aventis SA is considering large acquisitions in the US  (Bloomberg) Lionsgate has set ...
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Top Day Trader Alerts (ARNA, BHP, BP, DNDN, HITK, LNCR, SQNM)

Posted: July 2, 2010 at 9:04 am

Several stocks are on the move for day trader and active trader alerts ahead of the three-day weekend. Today's big movers are Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), BHP Billiton Ltd. ...
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The Twitter-24/7 Wall St. Stock Market Report 7.2.2010 The Wisdom Of Crowds

Posted: July 2, 2010 at 9:00 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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June Unemployment: A Spectre Of A New Recession

Posted: July 2, 2010 at 8:45 am

The ghost of recessions past returned as the US moved into the same funk that it experience in 1982 and 1983 when joblessness was above 9.5% for nearly a year ...
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Top Analyst Upgrades & Downgrades (ARNA, BJ, BP, CEDC, GRMN, NVS, NVDA, PT)

Posted: July 2, 2010 at 8:44 am

The number of analyst calls ahead of the three-day weekend are fairly small, as you would expect.  Some of this Friday's top analyst research calls with upgrades, downgrades, and initiations ...
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The Muted Recovery Remains Jobless

Posted: July 2, 2010 at 8:42 am

The recovery, if there is a real recovery, is still mostly a jobless one.  Expectations for today's Unemployment and non-Farm Payrolls in June were muted after a weaker ADP number ...
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Apple To Become No. 2 VOD Company In US

Posted: July 2, 2010 at 6:04 am

Apple Inc (NASDAQ: AAPL) is about to become the No. 2 provider of VOD services in the US  based on the success of video content sales and rentals from the ...
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GM China Sales Top US For First Time

Posted: July 2, 2010 at 5:46 am

China is now the largest car market in the world, having moved ahead of the US last year. Most analysts believe that 16 million cars and light trucks will be ...
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Video Game Sales Drop Moderates In May, Holidays Critical

Posted: July 2, 2010 at 5:24 am

Game and game console sales have been extremely weak for a year-and-a-half as the recession sapped demand for consumer electronic devices. This has not been offset by price cuts for ...
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