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Monthly Archives: September 2010

Why Did Lehman Die and AIG Live?

Posted: September 2, 2010 at 12:52 pm

When historians write the definitive account of the Great Recession in coming decades, one of the major questions they will tackle is why the government decided to allow Lehman Brothers ...
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A Preview Shows Unemployment Will Rise

Posted: September 2, 2010 at 12:46 pm

If preview data about employment is any indication, the US government should report a modest uptick in joblessness tomorrow. That would not be particularly surprising give the trend in weekly ...
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Reports Of Another Oil Rig Explosion In The Gulf Of Mexico, Platform Is Still On Fire, Leak Status Undetermined

Posted: September 2, 2010 at 11:50 am

According to the San Jose Mercury News, there are confirmed reports that a second oil rig has exploded in the Gulf of  Mexico, off the Louisiana coast. At the moment, ...
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Retailers See Role Reversal to Start September (COST, TGT, FDO, WMT, M, JCP, KSS, JWN, LTD, GPS, ANF, ARO, BKE, ZUMZ, HOTT)

Posted: September 2, 2010 at 11:05 am

Retailers are reporting August same-store sales numbers today, and on the whole the reports are positive after a very cautious and dismal July. August is prime back-to-school shopping time, the ...
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Pending Home Sales, Trying To Catch A Falling Knife

Posted: September 2, 2010 at 10:24 am

Assume for the the time being that the housing crisis will last well into 2011, that foreclosures will rise, and the number of underwater mortgages will not improve from the ...
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eBay Becomes Newest Fake Email Scam Target, Again (EBAY)

Posted: September 2, 2010 at 9:48 am

eBay Inc. (NASDAQ: EBAY) does not deserve what is happening to it, or at least it does not deserve the secondary and tertiary damage that could be caused by those ...
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The Mad Bidding For 3Par Continues

Posted: September 2, 2010 at 9:16 am

3Par announced that it received a revised proposal from Hewlett-Packard Company to acquire all of 3PAR's outstanding common stock at $33 per share, which is an increase from its previously ...
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Today’s Best Market Rumors (9/2/1010)

Posted: September 2, 2010 at 9:04 am

Updated throughout the day. A buyout of Burger King (NYSE: BKC) is likely to be at $24 (WSJ) China search engine firm Baidu (NASDAQ: BIDU) will focus more on mobile ...
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The Twitter-24/7 Wall St. Market Report (9/2/2010): Apple, Apple, Jobs–Report

Posted: September 2, 2010 at 8:56 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 Active Trader Alerts (BRCD, BKC, WEN, CRME, MPEL, OREX, PAR)

Posted: September 2, 2010 at 8:39 am

There are several stocks on the move that will be the focus of active traders and day traders on Thursday morning.  The stocks on the move are Brocade Communications Systems, ...
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Top Analyst Upgrades & Downgrades (AMCC, BSX, CLWR, FLEX, JACK, MDT, MPEL, MCO, NFLX, PPL, RTP, ZMH)

Posted: September 2, 2010 at 8:13 am

These are some of this Thursday's top analyst upgrades, downgrades and initiations seen from Wall Street research calls: Applied Micro Circuits Corp. (NASDAQ: AMCC) Cut to Sell at S&P Equity ...
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The IMF’s Plan To Fix The World Economy, Now Is A Good Time To Die

Posted: September 2, 2010 at 5:48 am

The IMF seems to believe that if it showers the world with enough information about the finances of developed and emerging nations that it can fix their economies by the ...
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The Cities The Great Recession Left Behind

Posted: September 2, 2010 at 5:29 am

The recession, so economists say, is over. The recovery may be slow, but it is underway. Unemployment will drop slowly through the next few years and may fall under 9% ...
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Media Digest 9/2/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: September 2, 2010 at 5:09 am

Reuters:   GM's IPO road show will begin in November. Reuters:   Costco's (NASDAQ: COST) August sales rose 7%. Reuters:   Apple Inc.'s (NASDAQ: AAPL) iTV is the latest effort to make a ...
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Blame For Lehman Bankruptcy Lies With Richard Fuld

Posted: September 1, 2010 at 7:28 pm

Richard Fuld, who pocketed $484 million in compensation between 2000 and 2008 when Lehman Brothers collapsed,  must be a masochist or a narcissist.  Why else would the former Wall Street ...
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