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Monthly Archives: July 2011

The Twitter-24/7 Wall St. Market Report (7/28/2011) Sony Disaster, Exxon Wins

Posted: July 28, 2011 at 8:12 am

Twitter  has, by most estimates, 225 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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Alcatel-Lucent Joins the Concerning Earnings Trends With Peers (ALU, CSCO, JNPR)

Posted: July 28, 2011 at 8:07 am

Alcatel-Lucent (NYSE: ALU) is joining in the waves of selling seen in Cisco Systems Inc. (NASDAQ: CSCO) and even more recently in Juniper Networks, Inc. (NYSE: JNPR).  Cisco has been ...
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Today’s Best Market Rumors (7/28/2011)

Posted: July 28, 2011 at 8:00 am

Updated throughout the day. HSBC (NYSE: HBC) may cut 10,000 jobs (SkyNews) Virgin Money and Resolution may buy Northern Rock (Reuters) BSkyB will buyback shares (WSJ) Douglas A. McIntyre ...
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Wilbur Ross & Fairfax Rescue Bank of Ireland, Sort Of… How Investors Rank (IRE, AIB)

Posted: July 28, 2011 at 7:45 am

The Bank of Ireland (NYSE: IRE) is likely going to go private.  U.S.-based WL Ross, a private equity firm, and Canada's Fairfax Financial Holdings are each taking a stake in ...
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Foreclosure Rates Improve, For The Time Being

Posted: July 28, 2011 at 6:42 am

Foreclosure rates improved in the first half of the year in most large American cities. It is hardly a headline worth writing as the situation is about to take a ...
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Future Of Banks Dims As Credit Suisse Cuts 2,000 Jobs

Posted: July 28, 2011 at 6:38 am

The world's largest financial firms were supposed to recover after the credit crisis and the unprecedented support they received from the world's largest governments. But things have not turned out ...
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Dow Headed Toward 2,000 Point Adjustment As Debt Talks Stall

Posted: July 28, 2011 at 6:33 am

The DJIA has fallen from 12,745 a week ago to 12,330. If recent history is any indication, that move down could quickly become a 2,000 points one if the federal ...
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Media Digest (7/28/2011) Reuters, WSJ, NYT, FT, Bloomberg

Posted: July 28, 2011 at 6:30 am

Credit Suisse (NYSE: CS) cut 2,000 jobs as the bank's results faltered (Reuters) Investors tried to move to safe investments as a default became more likely (Reuters) A new Boehner ...
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Cities With The Most Post Offices On The Chopping Block

Posted: July 28, 2011 at 4:59 am

The U.S. Postal Service is considering the closure of 3,653 retail offices -- that’s one out of every ten in the country. Much of the conversation has focused on the ...
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D-Day Minus 6: Countdown to Default?

Posted: July 27, 2011 at 9:12 pm

Six days before the United States will have insufficient funds to pay all its creditors, Republicans and Democrats have yet to reach an agreement on how to avoid default and ...
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Internal Doc Reveals GMAC Filed False Document in Bid to Foreclose

Posted: July 27, 2011 at 4:52 pm

by Paul Kiel, ProPublica, July 27, 2011, 1:07 p.m. GMAC, one of the nation's largest mortgage servicers, faced a quandary last summer. It wanted to foreclose on a New York ...
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First Solar Plays 3-card Monte (FSLR, GE)

Posted: July 27, 2011 at 11:35 am

Prior to its earnings release after markets close today, First Solar, Inc. (NASDAQ: FSLR) has issued two press releases touting the current and future performance of its thin-film cells and ...
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Yield Curve on CDS Flips – An Opportunity in ETFs? (UUP, UDN, FXF, TIP, STPZ)

Posted: July 27, 2011 at 10:36 am

As the debate continues over raising the US debt ceiling, market reaction has been reasonably muted, most likely because in the entire history of the US no such occasion has ...
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Boeing Beats Estimates, But Shipment Forecast Weakened (BA)

Posted: July 27, 2011 at 9:50 am

Boeing Co. (NYSE: BA) reported second quarter EPS of $1.25 this morning, crushing the consensus estimate of $0.98. The company also beat the  revenue estimate of $16.47 billion, posting quarterly ...
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Top Active Trader Alert Stocks (CSCO, ILMN, LVLT, PFCB)

Posted: July 27, 2011 at 8:53 am

Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and  moves in shares of Cisco Systems, Inc. (NASDAQ: CSCO), Illumina, Inc. (NASDAQ: ILMN), Level ...
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