China Oil Imports Drop
China used to be heated by wood and coal fires. It looks like those days are coming back Reuters says that China oil imports hit their lowest level this year. The news is more…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 22California And The Great State Bailout
Muscle man Arnold Schwarzenegger has told the California legislature that the state is out of money. California’s budget deficit is up $3.6 billion since the last estimate early this year. The deficit is now…
Vladimir Putin: OPEC’s New Best Friend: Oil Is Going Much Higher
Vladimir Putin must be unhinged. Just a few months ago he was able to wage war on his neighbor and threaten the West by saying that he would withhold his vast supply of oil…
The Spanish Inquisition Comes For Henry Paulson
A man runs from a burning house covered with soot and with his hair and clothing aflame. A fireman stops him and asks, "What was your strategy for coming out of the front door…
Media Digest 12/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the House passed a $14 billion bailout bill. Reuters reports that according to Mastercard (MA) retail sales fell sharply in November. Reuters writes that Congress criticized Treasury over its use of…
Asia Markets And Europe Open 12/11/2008
Markets in Asis were mixed. The Nikkei rose .7% to 8,720. Honda (HMC) moved up on hopes of a US car company bailout. The Hang Seng dropped .3% to 15,534. The Shanghai Composite was…
California Out Of Cash
It isn’t even Michigan. At least with the car companies about to go under there would be some excuse. California says it will run out of money on Monday.
Will Auto Co. Credit Default Swaps Get Swamped? (GM)(F)
It may be old school but for every action their is an equal and opposite reaction. Take the auto bailout. It turns out that creating a car czar with special powers over The Big…
Is Another Shoe Dropping on Baidu.com? (BIDU)
Baidu.com, Inc. (NASDAQ: BIDU) looks like a stock in trouble. Again. The Chinese search leader was hitting new 52-week lows before the market recovered late in the day. The exacerbated move is on the…
A 200% Buyout Premium From Private Equity (ANL)
American Land Lease Inc. (NYSE: ANL) is perhaps one of the more unusual plays seen yet in private equity acquisitions. Despite a 200% premium, the more odd part of "for how much" is the…
AIG Tries To Address ‘$10 Billion Claim’ (AIG)
American International Group, Inc. (NYSE: AIG) is trying to correct or refute the article that appeared today in The Wall Street Journal saying it still has some $10 billion in undisclosed counterparty obligations. The…
Autos: Bailout To Lock-Out? (GM, F)
Earlier reports had the $15 bailout framework as being reached as a conceptual agreement between the House of Representatives and the White House. In other words, in theory. But now fresh reports show Republican…
Short Sellers, No Direction in Biotech (AMGN, BIIB, CELG, GENZ, GILD)
It seems that short sellers have no real direction in the major NASDAQ biotech stocks from mid-November to late-November. Generally you see a pattern. This month the only pattern seems to be one of…
Short Seller Surprise, Alternative Energy Mixed Bag (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, HOKU, JASO, SFUN, SPWRA, SPWRB)
With oil tanking, many alternative energy stocks and solar stocks have been paying for it. They were the leveraged winners when oil was running up and now they are paying the price on the…
Encore: Change Partners and Dance (EAC, ENP)
Yesterday, we reported on a deal involving a master limited partnership buying a property from the owner of its general partner. Last night, Encore Energy Partners (NYSE:ENP) announced that it bought about 1,800 producing…