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Monthly Archives: September 2011

Media Digest (9/6/2011) Reuters, WSJ, NY Times, FT, Bloomberg

Posted: September 6, 2011 at 6:18 am

Bank of America (NYSE: BAC), JPMorgan Chase (NYSE: JPM), Wells Fargo (NYSE: WFC) and Citigroup (NYSE: C) may settle charges made by several states over “robo-signing” practices. (FT) Lockheed Martin ...
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DAX Plunges More Than Other Exchanges

Posted: September 6, 2011 at 6:15 am

The German DAX index is down 20% over the past three months, which is almost half again more than the FTSE, French CAC 40, or S&P 500. There is no ...
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Why an Infrastructure Jobs Bank Won’t Work

Posted: September 6, 2011 at 6:13 am

One of the core proposals President Obama will make to Congress this week is the creation of an infrastructure bank that will provide funds to repair tens of thousands of ...
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The Eight Cities Where Minorities Are Now in the Majority

Posted: September 6, 2011 at 5:38 am

The ethnic landscape of America’s cities has changed dramatically in the past decade. Populations of 22 of the 100 largest cities now have minority groups that together are in the ...
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California’s Desperate Jobs Market And Worse: All Unemployment Is Local

Posted: September 5, 2011 at 8:10 pm

The California jobs market is as bad as it has been for six decades. But, its plight is better than that of many smaller regions, as measured by both unemployment ...
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Bank Of America May Open Down 10% Tomorrow

Posted: September 5, 2011 at 3:23 pm

It is Bank of America's (NYSE: BAC) turn to sell off 10%. Deutsche Bank dropped 8.9% in trading today. Royal Bank of Scotland fell 12.3%, and Societe Generale 8.6%. The ...
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More Woes for Shippers (GMR, ONAVQ, TNK, OSG, NAT, FRO)

Posted: September 5, 2011 at 12:02 pm

No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all ...
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Europed Stocks Crater As UK PMI Plunges

Posted: September 5, 2011 at 7:09 am

Stock indices across Europe sold off sharply as the UK said its PMI dropped the most in a decade. Markit/CIPS reported August’s Markit/CIPS survey of UK service providers indicated a ...
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Asia Markets Crushed Early

Posted: September 4, 2011 at 10:07 pm

Asian market slide sharply as they opened, on the tail of a US sell-off, disturbing news about American banks, and new risks that Greece may default. The Hang Seng was ...
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Bank Of America Could Cut 30,000

Posted: September 4, 2011 at 8:46 am

If it is true, it would be another sign of desperation. The Charlotte Observer reports that Bank of America (NYSE: BAC) could lay-off 30,000 people over several years. The bank ...
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Starbucks CEO Politics Work Against Shareholder/Customer Interests

Posted: September 3, 2011 at 11:06 am

Starbucks (NASDAQ: SBUX) CEO and founder Howard Schultz should be ashamed of himself. He has begun a movement to reform campaign finance without consideration for his shareholders, customers, or employees. ...
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Are High-Yield Mortgage Dividend REITs Doomed? (NLY, AGNC, HTS, CIM, IVR, RWT, PMT, DX, ARI, STWD, CLNY, CXS, MORT)

Posted: September 3, 2011 at 9:30 am

There was a development this week in the land of the high-yielding mortgage REITs.  Wealthy and income oriented investors have been flocking to these for years because of their ...
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Is September Really A Cursed Month For Stocks? (VZ, T, IBM, BAC, KFT, MCD, KO, HPQ, XOM, CVX, DIA)

Posted: September 2, 2011 at 12:30 pm

The recovery has been stalling and it is becoming easier and easier to argue that the next recession (often mislabeled as a double-dip recession) is afoot.  Friday's net-zero in August ...
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The Great Energy Spin-Off Pipeline (MRO, MPC, TSO, TLLP, COP, BP, CHK, EP, XOM, CVX)

Posted: September 2, 2011 at 12:03 pm

So far this year we've noted a couple of major spin-offs in the energy section. Marathon Oil Corp. (NYSE: MRO) spun out its downstream business into Marathon Petroleum Corp. (NYSE: ...
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AIG to Spin-off Plane-Leasing Subsidiary (AIG, BA, GE, EADSY, UTX, BAC, C, JPM, MS)

Posted: September 2, 2011 at 10:45 am

American International Group, Inc. (NYSE: AIG) has filed a registration Form S-1 for a proposed initial public offering of its wholly-owned IFLC Holdings, Inc. subsidiary. IFLC is the aircraft leasing ...
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