Archive for ◊ September, 2009 ◊

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• Wednesday, September 30th, 2009

More Questions Than Answers From Elan
Things that make you go hmmm.


Dream Stocks for Energy Investors
Make finding the best energy stocks a reality.


The Memory War Is Over!
The price war in the computer memory market is over. And Micron is still standing.


Lawmaker seeks group liability for rating agencies (AP)
AP – A key House lawmaker wants to make credit rating agencies ? widely criticized for failing to give investors adequate warning of the risks in subprime mortgage securities that triggered the financial crisis ? collectively liable for inaccuracies.

A Big Upgrade for Emulex
This bullish call comes from more than just one analyst.


Europe shares set for best quarterly rise in 10 years (Reuters)

A woman walks in front of a stock quotation board in Tokyo September 29, 2009. REUTERS/Issei KatoReuters – European shares look set to finish the third quarter with their best performance in nearly a decade on expectations of economic recovery while world stocks also rose strongly though not as much as in the previous period. The pan-European FTSEurofirst 300 (.FTEU3) index put on 0.4 percent on Wednesday and the MSCI world index added the same, while commodity prices were also firmer but the dollar fell against a basket of currencies.


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• Wednesday, September 30th, 2009

Winters Leaves, Staley and Black Move Up at JPMorgan
Steve Black to become executive chairman and Jes Staley to become CEO and of the investment bank, Mary Callahan Erdoes appointed CEO of asset management.

Short View: Fund managers
Fund managers’ fears for their jobs may be driving the stock market rally, writes John Authers

Diane Schueneman Joins Capco’s Board
As the former head of Merrill Lynch’s Global Infrastructure Solutions group, Schueneman oversaw 16,000 employees in technology, infrastructure, client services and operations.

New York Times to Run on Bloomberg Terminals
According to Bloomberg, it’s the first market data provider to host The Gray Lady.

Oppenheimer to Use Thomson One
Firm to roll out new wealth management workstation to 2,500 employees.

Kraft given deadline for Cadbury bid
US food group given six week deadline to bid for Cadbury or walk away from a proposed £10.2bn offer for the UK sweet maker

Asset Management Firm Moving Apps to the Cloud
It started simply with Salesforce CRM, but Transparent Value has ambitious plans to move more applications to Salesforce’s cloud.

Parisian Asset Management Firm to Use Imagine Portfolio, Risk Management
Mereor Investment Management and Advisor will use Imagine Software’s Derivatives.com service.

Chi-X Chooses IBM for High-Speed Messaging
Does software-based messaging beat hardware-based messaging? This European exchange and the designer of the IBM system think so.

Comcast in talks to buy stake in NBC Universal
General Electric has sounded out Comcast, the US cable operator, over the sale of at least part of NBC Universal if Vivendi decides to divest its 20 per cent holding in the television and movies group that it controls

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• Wednesday, September 30th, 2009

Golden Dragon Holdings, Inc. Releases Mid Year 2009 Financials
BEIJING, Sept. 30 /PRNewswire-FirstCall/ — Golden Dragon Holdings, Inc. (Other OTC: GDHI) www.gdfbhk.com released its mid-year 2009 financial statements for the six months ended June 30, 2009. For a detail report go to: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24769

Aehr Test Systems Reports Financial Results for First Quarter Fiscal 2010
FREMONT, Calif., Sept. 30 /PRNewswire-FirstCall/ — Aehr Test Systems (Nasdaq: AEHR), a technology leader in the semiconductor test and burn-in equipment industry, today announced financial results for the first quarter of fiscal 2010 ended August 31, 2009.

Xerox shares tumble after $5.7bn ACS deal
Shares in Xerox tumble as Wall Street questions the logic of the printing group’s $5.7bn deal to buy Affiliated Computer Services, a leader in back-office outsourcing

Mass Financial Corp. Reports Results for the First Half 2009
HONG KONG, Sept. 30 /PRNewswire-FirstCall/ — Mass Financial Corp. (”MFC”) (Vienna Stock Exchange symbol: MASS) today reported its financial results for the six months ended June 30, 2009. All figures are in U.S. dollars and earnings per share amounts are on a diluted basis.

Less Is More for Novartis
That makes it simple enough.


Biotel Announces Fourth Quarter and Year End Results
MINNEAPOLIS, Sept. 30 /PRNewswire-FirstCall/ — Biotel Inc. (OTC Bulletin Board: BTEL) announced results for the fiscal year ended June 30, 2009, with net earnings of $944,000, or $0.33 per diluted share, on revenues of $12,640,000. This compares to net earnings of $666,000, or $0.23 per diluted share on revenues of $11,495,000 in fiscal year 2008. For its fourth quarter, the Company reported net earnings of $174,000 or $0.06 per diluted share, on revenues of $3,165,000. This compares to net earnings of $191,000, or $0.07 per diluted share, on revenues of $3,187,000 in the fourth quarter of fiscal 2008.

1 Year Later: The Most Unfairly Punished Stock
Plenty of stocks had unwarranted declines during the downturn. Which was the most unfairly punished?


Gannett surges on earnings outlook
Gannett, the largest US newspaper publisher, expects its third-quarter profit to exceed Wall Street expectations, helped by cost-cutting and and recovering publishing results

Kraft given deadline for Cadbury bid
US food group given six week deadline to bid for Cadbury or walk away from a proposed £10.2bn offer for the UK sweet maker

Dream Stocks for Energy Investors
Make finding the best energy stocks a reality.


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• Wednesday, September 30th, 2009

London stocks rise in early trade (AFP)

London shares rose in cautious morning trading, as traders awaited the latest reading on economic growth in the recession-struck United States.(AFP/File/Ben Stansall)AFP – The leading stock exchange rose in cautious trading on Wednesday, as traders awaited the latest reading on economic growth in the recession-struck United States.


A look at economic developments around the globe (AP)
AP – A look at economic developments and activity in major stock markets around the world Wednesday:

European markets firm as traders await US growth data (AFP)

Traders go about their business at the Frankfurt Stock Exchange. Europe's main stock markets rose in cautious trading, after falls the previous day, as traders awaited the latest reading on economic growth in the recession-struck United States.(AFP/DDP/File/Martin Oeser)AFP – Europe’s main stock markets rose in cautious trading on Wednesday, after falls the previous day, as traders awaited the latest reading on economic growth in the recession-struck United States.


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• Wednesday, September 30th, 2009

Bharti, MTN call off $24 billion telecom merger
New Delhi-based Bharti Airtel and South Africa’s MTN call off a massive, $24 billion proposed merger that could have created a telecommunications giant spanning across key emerging markets.


A look at economic developments around the globe (AP)
AP – A look at economic developments and activity in major stock markets around the world Wednesday:

GM says it will unwind Saturn brand
General Motors says it will halt production of the Saturn brand after Penske drops its plans to buy the orphaned car business because it failed to line up a replacement manufacturer.


Stocks to Watch: Stocks in focus for Thursday
Among the companies whose shares are expected to see active trade in Thursday’s session are Constellation Brands Inc., Accenture PLC and Immucor Inc.


Two U.S. House panels take aim at credit raters (Reuters)
Reuters – A U.S. congressional panel is expanding its probe of credit rating agencies to look at why securities regulators ignored warnings from former Moody’s Corp executives about the company’s weak compliance department and ratings process.

Fed may boost rates while economy still weak: Kohn
WASHINGTON (Reuters) – The Federal Reserve may need to begin to pull back its extensive support for the weak U.S. economy before it has healed enough to substantially lower the jobless rate and get factories working again, Fed Vice Chairman Donald Kohn said on Wednesday.

London stocks rise in early trade (AFP)

London shares rose in cautious morning trading, as traders awaited the latest reading on economic growth in the recession-struck United States.(AFP/File/Ben Stansall)AFP – The leading stock exchange rose in cautious trading on Wednesday, as traders awaited the latest reading on economic growth in the recession-struck United States.


Stocks slip but still have best quarter since 1998 (AP)

Traders work on the floor of the New York Stock Exchange, July 15, 2009. REUTERS/Brendan McDermidAP – The stock market had a fitting end to a stellar but erratic third quarter as investors still ambivalent about the economy shuttled between bouts of buying and selling.


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• Wednesday, September 30th, 2009

Bharti, MTN call off $24 billion telecom merger
New Delhi-based Bharti Airtel and South Africa’s MTN call off a massive, $24 billion proposed merger that could have created a telecommunications giant spanning across key emerging markets.


Canadian Markets: Canada stocks slip but end quarter up nearly 10%
Canadian equities slip, but market posts its best advances for a third-quarter period in four years.


Unilens Vision Reports Record Revenue, Pretax Earnings and Royalty Income for Year Ended June 30, 2009
LARGO, Fla., Sept. 30 /PRNewswire-FirstCall/ — Unilens Vision Inc. (OTC Bulletin Board: UVICF; TSX Venture Exchange: UVI), which develops, licenses, manufactures, distributes and markets specialty contact lenses, today reported its operating results for the fourth quarter and fiscal year ended June 30, 2009 (FY2009).

Short View: Fund managers
Fund managers’ fears for their jobs may be driving the stock market rally, writes John Authers

Xerox shares tumble after $5.7bn ACS deal
Shares in Xerox tumble as Wall Street questions the logic of the printing group’s $5.7bn deal to buy Affiliated Computer Services, a leader in back-office outsourcing

B. of A.’s Lewis to retire on Dec. 31
Ken Lewis, one of the most controversial figures in the financial world, says he will step down as chief executive and president of Bank of America on Dec. 31.


Kraft given deadline for Cadbury bid
US food group given six week deadline to bid for Cadbury or walk away from a proposed £10.2bn offer for the UK sweet maker

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• Wednesday, September 30th, 2009

7 Highly Rated Stocks on Sale
Check out these highly rated stocks that have had a big price cut in the past month.


A Big Upgrade for TriQuint Semiconductor
This bullish call comes from more than just one analyst.


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• Wednesday, September 30th, 2009

Wall Street drops on surprise fall in Chicago PMI data (Reuters)

Traders work on the floor of the New York Stock Exchange, July 15, 2009. REUTERS/Brendan McDermidReuters – U.S. stocks fell sharply on Wednesday as an unexpected fall in business activity in the U.S. Midwest sparked worries about the pace of economic recovery.


SEC sues Mich. man linked to alleged Ponzi scheme (AP)
AP – Federal regulators are suing a Detroit-area man who is accused of soliciting millions for the leader of a $250 million financial scam.

Market Snapshot: U.S. stock market fall a contrast to rosy month
The U.S. stock market’s downbeat performance Wednesday, the final day of the quarter, comes in sharp contrast to what is panning out to be a surprisingly good September.


Tuesday’s Biggest Stock Stars
Yesterday’s market is today’s moneymaking road map.


Madoff scandal prompts dozens of SEC reforms (Reuters)

File - In this Jan. 5, 2009 file photo, Securities and Exchange Commission (SEC) Inspector General H. David Kotz, testifies on Capitol Hill in Washington. Kotz, the watchdog of the SEC is recommending a new system, Tuesday, Sept. 29, 2009, for handling the thousands of tips and complaints the agency receives and other changes to prevent another breakdown like the one that allowed Bernard Madoff's massive fraud to go undetected for years.(AP Photo/Haraz N. Ghanbari, File)Reuters – After dismissing complaints that might have uncovered Bernard Madoff’s $65 billion fraud, the U.S. Securities and Exchange Commission must reform how it reviews tips and conducts examinations, the SEC’s internal watchdog said on Tuesday.


European markets firm as traders await US growth data (AFP)

Traders go about their business at the Frankfurt Stock Exchange. Europe's main stock markets rose in cautious trading, after falls the previous day, as traders awaited the latest reading on economic growth in the recession-struck United States.(AFP/DDP/File/Martin Oeser)AFP – Europe’s main stock markets rose in cautious trading on Wednesday, after falls the previous day, as traders awaited the latest reading on economic growth in the recession-struck United States.


SEC mulls securities lending as risks exposed (Reuters)
Reuters – U.S. securities regulators are eyeing new restrictions on the multi-trillion dollar securities lending market used by short-sellers after the credit crisis revealed the industry was “anything but low risk.”

Movers & Shakers: Wednesday’s biggest gaining and declining stocks
Among the companies in active trade are CIT Group, Nike, Jabil Circuit and Darden.


Europe Markets: Europe shares post best quarterly gains for years
European shares on Wednesday are on track to record their best quarter in almost ten years.


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• Wednesday, September 30th, 2009

J.P. Morgan Offers Portfolio Construction Tool
Lets institutional investors and plan sponsors see which portfolios generate the best risk-adjusted returns.

Alleged Ponzi Artist Faces Contempt Charge
A judge says the Michigan man who ran the Billionaire Boys Club, an alleged $53 million Ponzi scheme, must appear in court on contempt allegations.

A Big Upgrade for Paragon Shipping
This bullish call comes from more than just one analyst.


5-Star Stocks Poised to Pop: Graham
Market-trouncing returns could be written in these five stars.


Hopes of US house prices stabilising
US house prices notched their biggest monthly gain in four years in July, raising hopes that residential property has bottomed out in the wake of the biggest decline in the market in more than half a century

Yahoo in ambitious marketing campaign
The $100m, 10-country campaign announced by Carol Bartz, chief executive, signals an effort to persuade consumers and advertisers that the company can take on Google as an advertising power

Shanda’s offering raises $1.04bn
China’s leading online gaming group has priced its Nasdaq share offering at the top of the range, in the US’s largest initial public offering this year

Peak6 Investments Deploys FlexPTS for Intra-Day Optimization
FlexTrade tailored FlexPTS for Peak6′ s ultra-fast hedging and rebalancing instead of portfolio trade scheduling.

Economic data weigh on Wall Street
US stocks rapidly erased their early gains on Wednesday after a regional gauge of business activity unexpectedly shrank in September

Flash Order Ban Proposed
If this SEC order is passed, it will put the flash order debate to rest.

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• Tuesday, September 29th, 2009

Oil rises toward $67, eyes equities, Iran (Reuters)

An EnCana pump jack pumps oil out of the ground near Rockyford, Alberta, June 30, 2009. REUTERS/Todd KorolReuters – Oil rose more than 1 percent toward $67 a barrel on Monday as U.S. equities jumped and news emerged that Iran was test-firing missiles.


Senesco Technologies Reports Fiscal Year 2009 Financial Results
NEW BRUNSWICK, N.J., Sept. 29 /PRNewswire-FirstCall/ — Senesco Technologies, Inc. (”Senesco” or the “Company”) (NYSE Amex: SNT) reported financial results for the fiscal year ended June 30, 2009 (”Fiscal 2009″).

Ex-Moody’s employee warned SEC about muni issues (AP)
AP – As Congress steps up scrutiny of the credit rating industry, allegations by another former employee of Moody’s Investors Service have come to light and the big rating agency is being called to account before a House panel.

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