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Monthly Archives: December 2011

What’s Happening in the Financial World (12/5/2011) China AAA Rating, GM Volt Fire

Posted: December 5, 2011 at 6:49 am

A pact to save Europe. France’s president Sarkozy and Germany’s Angela Merkel will try to set a grand pact to save Europe. Germany wants strict adherence to austerity plans ...
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GM Should Discontinue the Volt

Posted: December 4, 2011 at 3:01 pm

GM (NYSE: GM) has had enough problems with its Chevy Volt’s lithium-ion batteries that the National Highway Traffic Safety Administration has opened a formal investigation into fires in several ...
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Detroit to Be Taken Over

Posted: December 4, 2011 at 10:29 am

Detroit is in a situation like the weakest nations in the eurozone. It does not, however, have access to the kind of capital from the European Central Bank or ...
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India Home Prices Up Over 22% In Third Quarter

Posted: December 3, 2011 at 7:43 am

Home prices in Dehli rose 22.68% in the third quarter, the greatest advance of any major city in the world. The change is probably just as much due to inflation in ...
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24/7 Wall St. Top Analyst Upgrades & Downgrades of the Week (AVL, BRK-B, CRZO, DPZ, GILD, GT, GOOG, GMCR, HPQ, LULU, RIMM, SINA, WDC)

Posted: December 3, 2011 at 7:31 am

This last week had some very interesting and influential analyst calls.  We compile summaries of many top analyst upgrades, downgrades, and initiations each morning from Wall Street research calls and ...
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24/7 Wall St. Closing Bell (LULU, CLF, DPZ, WNR, SINA, GES, BIG, ZUMZ, RY, BNS, YRCWD, WDC, RIMM, THC, JASO)

Posted: December 2, 2011 at 4:12 pm

Stocks got off to a good start this morning following the Labor Department’s report on non-farm payrolls, up slightly less than expected at 120,000 new jobs, and an unexpected drop ...
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Fashion IPO Filing From Michael Kors (KORS)

Posted: December 2, 2011 at 1:51 pm

Michael Kors Holdings Limited has filed its paperwork with the SEC to conduct a U.S. initial public offering.  The luxury goods and apparel maker sells to the jet-set crowd.  The ...
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ITC Keeps Investigating Chinese Solar Players (FSLR, SPWRA, TSL, JASO, LDK)

Posted: December 2, 2011 at 1:06 pm

Solar stocks can use all the help available, and news is out today that may help the ailing U.S.-based solar sector.  The industry has complained of China's solar firms dumping solar ...
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The Ten States Where The Most Unemployed Could Lose Benefits

Posted: December 2, 2011 at 1:05 pm

Nearly 2 million Americans currently receiving unemployment benefits stand to lose coverage this January if Congress does not extend the emergency federal unemployment insurance program. 24/7 Wall St. has reviewed ...
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The Corzine Subpoena… Future of Segregated Funds Hangs in the Wind

Posted: December 2, 2011 at 10:39 am

Jon Corzine was supposed to be the poster boy for modern-day finance... From the King of Finance, to New Jersey's governor, and back to Wall Street.  Now Corzine is just the King of ...
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Western Digital Re-starts Thai Plant Following Record Floods (WDC, STX, HPQ, DELL)

Posted: December 2, 2011 at 10:02 am

Disk drive maker Western Digital Corp. (NYSE: WDC) said yesterday that production at one of its plants in Thailand has begun one week ahead of schedule. This development could spell ...
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A Rare Upgrade For Berkshire Hathaway & Warren Buffett (BRK-B)

Posted: December 2, 2011 at 9:40 am

Berkshire Hathaway Inc. (NYSE: BRK.B) does not get new analyst calls all that often, so when a new call comes up or when a change in ratings comes up it ...
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3 Better Outlooks for Lululemon (LULU)

Posted: December 2, 2011 at 9:08 am

Lululemon Athletica Inc. (NASDAQ: LULU) was an unusual disappointment with earnings.  The company is still growing rapidly, but not quite at the same blistering pace as before.  All markets mature ...
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More Pain For Research in Motion: Lower Guidance On Playbook Inventory Charge (RIMM, AAPL, AMZN, GOOG, SSNLF, BBY, WMT)

Posted: December 2, 2011 at 8:48 am

Smartphone pioneer Research in Motion Ltd. (NASDAQ: RIMM) has lowered its third-quarter guidance and said that it will take a “predominantly” non-cash charge of $485 million on its existing inventory ...
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The Magic Drop in Unemployment

Posted: December 2, 2011 at 8:38 am

The U.S. Labor Department has reported on November unemployment and non-farm payrolls this morning on the heels of a weak jobless claims figure yesterday.  Non-Farm Payrolls grew by 120,000 for ...
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