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- Everybody Hates Merrill Lynch This Week
- Kirk Shinkle submits: And they didn't even go bust! This week a new wave of stories chronicling the decline and fall of Wall Street as we knew it take some pointed jabs at Merrill Lynch MER as it tumbled toward its final sale to Bank of America BAC. by...
- External links 2008-11-12
- Could AIG Kill GM's Chances for a Bailout?
- Kirk Shinkle submits: Wow, that first $350 billion went pretty quickly right? According to the Wall Street Journal, after agreeing to expand AIG's AIG bailout by $40 billion or so the Treasury has just $60 billion left to lend of its initial $350 billion allocation under the terms of...
- External links 2008-11-12
- Toll Brothers' October Surprise
- Kirk Shinkle submits: It looks like October's massive upheaval in the credit markets will continue to pressure the housing market as home prices continue to fall and builders' revenue drops. Toll Brothers' TOL fourth-quarter revenue sank 41 percent to $691 million from a year ago as cancellations heated up....
- External links 2008-11-12
- Circuit City: Turn Out the Lights, the Party's Over
- Kirk Shinkle submits: Today's bankruptcy filing at Circuit City CC comes as no real shock. The ailing consumer electronics giant already announced it was closing 155 stores (or about 20 percent of its total) in a last-ditch effort to stay solvent. Creditors agreed to float the chain a $1.1 billion...
- External links 2008-11-10
- ArcelorMittal, Europe Rate Cuts: Signs of the Global Slowdown
- Kirk Shinkle submits: American investors may spend this week focusing on the U.S. election, but it’s worth noting Thursday's alarming signs that weakness in the economy continues to spread around the globe. A few points: by Kirk Shinkle
- External links 2008-11-07
- Will Alternative Energy Stocks Actually Benefit From the New Administration?
- Kirk Shinkle submits: Are alternative energy stocks gearing up for a big post-election gain? If the Claymore/MAC Global Solar Index ETF TAN is any measure, the possibility of an Obama victory had investors excited about alternative energy. It was up almost 14 percent yesterday. by Kirk Shinkle
- External links 2008-11-05
- Lost Luxuries: Starwood, Pool Take Dips
- Kirk Shinkle submits: The good life takes another hit today, as swimming pools and travel plans face cooling profits because of worried consumers. In today's earnings, two names, hotelier Starwood Hotels HOT and pool supplier Pool Corp. POOL, are cutting their outlooks. Starwood Hotels warned profits will fall in...
- External links 2008-10-24
- Testing the TARP: PNC and NCC
- Kirk Shinkle submits: After weeks of speculation as its share price headed toward the floor, Cleveland-based regional bank National City NCC goes to PNC Financial Services PNC. The deal creates the country's fifth-largest bank by deposits. by Kirk Shinkle
- External links 2008-10-24
- Amazon: Respectable, But Guidance Hurts
- Kirk Shinkle submits: Amazon.com had a respectable quarter, but lower guidance is hurting the company's shares. Industry-leading sales and market-share growth mean it's still the king of online retail, but even that won't help when shoppers simply start to spend less—almost $1 billion less in 2008 for Amazon. For...
- External links 2008-10-24
- More Trouble in Store for Citigroup
- Kirk Shinkle submits: The Wall Street Journal, which ruffled Citigroup's C feathers over possible executive changes last week, now says tens of thousands of job cuts on the way at the bank as well as higher rates for millions of credit card holders. On jobs: by Kirk Shinkle
- External links 2008-11-16
- What is Yahoo Worth Now?
- Kirk Shinkle submits: Jerry Yang stepped down as CEO, Yahoo YHOO shareholders rejoiced at least yesterday, and bets are being placed again as to whether Microsoft MSFT will be back with a bid. So what's the post-Yang premium? Yesterday, about $2 billion (as of just before noon, with shares...
- External links 2008-11-19
- Kohl's: Possible Rebound Candidate
- Kirk Shinkle submits: Before we start, the answer is yes. We are in a recession, consumer spending is falling, and the shares of retailers have been beaten to a pulp in this downturn. So why take a look at any of them? Well, contrarian bets are fun, for one....
- External links 2008-10-22
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