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Author Archives: 247wallst

editor of 24/7 Wall St.

www.247wallst.com

Icahn Tries To Replace Four Chesapeake Directors

Posted: May 25, 2012 at 4:39 pm

Carl Icahn has used the mess at Chesapeake Energy (NYSE: CHK) to try to take four board seats. Chesapeake's shares have cratered because of trouble involving the side-by-side investments of ...
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Another Reason People Hate Lobbyists: The Alliance for American Manufacturing

Posted: May 25, 2012 at 1:25 pm

One of the most loud-mouthed lobbyists in Washington is Scott Paul who is the Executive Director of the Alliance for American Manufacturing. He is willing to speak out on any ...
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America’s Favorite Coffees

Posted: May 25, 2012 at 1:18 pm

Americans love their coffee. Three-quarters of adults drink coffee and 58% say they drink coffee daily, according to the National Coffee Association. Like other large consumer products in the U.S., ...
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What’s Important in the Financial World (5/24/2012) MSNBC.com, Toyota’s New Markets

Posted: May 25, 2012 at 6:20 am

Toyota (NYSE: TM) announced it would move more aggressively into emerging markets. The Wall Street Journal reports that: Toyota, Japan’s biggest car maker by volume, plans to sell more than ...
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Cities with the Most Homes Underwater

Posted: May 25, 2012 at 6:20 am

Mortgage debt continues to be a major issue in the United States, nearly six years after home prices peaked, according to a report released Thursday by online real estate site ...
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Newspaper Industry Gets Torn Up Again

Posted: May 25, 2012 at 6:18 am

Warren Buffett may be the only newspaper owner in American who wants to support the business. In addition to his ownership of daily newspapers in Omaha and Buffalo, he recently ...
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Short Sellers Hit Internet Stocks

Posted: May 25, 2012 at 6:17 am

For the two weeks that ended on May 15, short sellers hit old and new Internet site companies alike. Among firms that had IPOs recently, the short interest in Zynga (NASDAQ: ...
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Hyundai Loses Ground in the Car Sales Race

Posted: May 25, 2012 at 6:17 am

Hyundai, and its sister brand Kia, have had the hottest selling cars in the American market since the recession began. The rational for this is that the South Korean company ...
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Memorial Day as a Litmus Test for the Econony

Posted: May 25, 2012 at 6:15 am

The AAA issues a forecast of Memorial Day driving each year. It believes the rise will be 1.2% this weekend, helped in part by lower gas prices and an improved ...
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Media Digest (5/25/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: May 25, 2012 at 6:15 am

Four market markers involved in the Facebook (NASDAQ: FB) IPO lose $100 million combined. (Reuters) EU concerns push the euro to close to a two-year low. (Reuters) Goldman Sachs (NYSE: ...
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MSNBC.com Sale?

Posted: May 25, 2012 at 6:14 am

Comcast's (NASDAQ: CMCSA) NBCUniversal operations is in talks with Microsoft (NASDAQ: MSFT) to takeover the part of MSNBC.com which it does not already own. The rumor was reported in Adweek.Microsoft ...
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Samsung Galaxy S3 Hits US–For $800

Posted: May 25, 2012 at 6:11 am

The wildly successful Samsung Galaxy S 3 will be available in the US starting on June 1. But, the first wave of handsets will not be sold by carriers. Amazon.com ...
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Yahoo!’s Browser “Axis”

Posted: May 25, 2012 at 6:09 am

For some reason, Yahoo! (NASDAQ: YHOO) wants to be in the crowded web browser sector. Its new product is called "Axis". It is meant to compete with Apple's (NASDAQ: AAPL) iPhone, ...
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Toyota Expands To Emerging Markets

Posted: May 25, 2012 at 6:06 am

Toyota (NYSE: TM) announced it would move more aggressively into emerging markets. The WSJ reports that Toyota, Japan's biggest car maker by volume, plans to sell more than 1 million ...
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Apple’s Cook Skips $75 Million Dividend Distribution — Without Explanation

Posted: May 24, 2012 at 6:57 pm

Tim Cook, Apple’s (NASDAQ: AAPL) CEO, must think the hundreds of millions of dollars in compensation he has earned since taking the chief executive position is enough. He will forgo dividend ...
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