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Monthly Archives: July 2010

Walt Disney, Jobs On Its Board, Buys iPhone App Company

Posted: July 2, 2010 at 5:05 am

Steve Jobs, the CEO of Apple Inc. (NASDAQ: AAPL), sits on the board of The Walt Disney Company (NYSE: DIS) That means the entertainment company is well aware of the ...
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GE’s Immelt Attacks China And Obama, Company Disavows Comments

Posted: July 2, 2010 at 4:46 am

GE (NYSE: GE) CEO Jeff Immelt, speaking at a business gathering in Italy savaged China and President Obama. In an unusual move, GE said that Immelt's comments did not reflect ...
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Media Digest 7/2/2010

Posted: July 2, 2010 at 4:02 am

Reuters:   Maria Cantwell (D-WA) will support the Senate financial reform bill, giving Democrats a boost. Reuters:   Automakers had a setback in June, an indication that the industry is facing slow ...
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Google To Buy ITA Software, Rule E-commerce Travel Business: Watch For Justice Department Review

Posted: July 1, 2010 at 4:30 pm

Google Inc. (NASDAQ: GOOG) will try to dominate the online e-commerce travel market the way it has come to dominate cellphone operating systems with its Android product. In other words, ...
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China Kicks Off Hunt for Shale Gas

Posted: July 1, 2010 at 2:13 pm

Sinopec, officially China Petroleum & Chemical Corp. (NYSE:SNP), has initiated a program to evaluate shale gas deposits in the southern part of the country. Estimates of the size of the ...
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Uncle Sam’s War Against PROVENGE Gets Nasty (DNDN)

Posted: July 1, 2010 at 12:41 pm

If there is one single sector which could be immune to the crummy jobs data, it is biotech.  Just don't look at Dendreon Corporation (NASDAQ: DNDN) for much warmth today.  ...
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Commodity Shipping Continues Declining (DRYS, GNK, DSX, SEA, FRO, TK)

Posted: July 1, 2010 at 11:56 am

The Baltic Dry Index, which tracks global shipping rates, has fallen for 24 consecutive days, its longest losing streak since August 2005. The BDI closed at 2,406 yesterday, its lowest ...
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Mortgage Rates Hit All-Time Low, Buyers Remain Uninterested

Posted: July 1, 2010 at 10:41 am

Interest rates on 30-year, 15-year, and 5-year mortgages hit all-time lows, which has done nothing to simulate the real estate market. There is no end in sight to the buyer's ...
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US Treasury Dumping Citigroup Shares, Says Sale Will Be Orderly

Posted: July 1, 2010 at 9:04 am

The US Treasury, bound and determined to get bank every dime it loaned the banking industry during the credit crisis, will sell more Citigroup (NYSE: C) shares. The bank's stock ...
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Unemployment: Another Nail In The Coffin

Posted: July 1, 2010 at 8:54 am

The Labor Department announced the most recent statistics on jobless claims. The figures confirm information from ADP and Challenger Gray. They also foreshadow weak unemployment data for June "In the ...
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Top Day Trader Alerts (ARNA, DNDN, ISLE, RIMM, SWHC, RGR, TASR, YHOO)

Posted: July 1, 2010 at 8:38 am

Many stocks on the move for day trader and active trader alerts early this Thursday morning.  Some are earnings and guidance, some are not.  Today's big movers are Arena Pharmaceuticals, ...
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Today’s Best Market Rumors (7/1/2010)

Posted: July 1, 2010 at 8:34 am

Updated throughout the day. Robert Benmosche, CEO of American International Group (NYSE: AIG) threatened to resign, again. (Bloomberg) Morgan Stanley Group (NYSE: MS) will hire 100 new private bankers (NY ...
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The Twitter-24/7 Wall St. Stock Market Report 7.1.2010 The Wisdom Of Crowds

Posted: July 1, 2010 at 8:25 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 & Downgrades (AFL, ACF, BCS, DELL, D, FDX, HES, LULU, NICE, PGI, THC, UPS)

Posted: July 1, 2010 at 8:09 am

These are some of the top analyst research calls with upgrades, downgrades, and initiations seen from Wall Street firms this Thursday morning: AFLAC Incorporated (NYSE: AFL) Raised to Outperform at ...
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Oil Races Back Toward $65

Posted: July 1, 2010 at 6:04 am

The Gulf oil leak and Hurricane Alex are not moving up crude prices.  In fact, the price of oil is back below $75 .Oil dropped into the $65 range last ...
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