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GM Makes Korean Recalls - Analyst Blog
Monday, March 22, 2010 - 5:05pm | 475General Motors (GM) has recalled as many as 58,696 vehicles in South Korea due to problems with steering wheels, fuel hoses and seats. The recall includes 4 models: Winstorm SUV and Winstorm Maxx SUV (45,957 units), Lacetti Premiere sedans (12,604 units) and Damas commercial vehicle (135 units). No...
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Ford Motor Company’s (F) CEO Gets A 6% Increase In 2009 Compensation
Monday, March 22, 2010 - 12:46pm | 246Alan Mulally, CEO of Ford Motor Company (NYSE: F), saw a 6% increase in his total compensation for 2009. Mulally’s compensation for 2009 stood at $17.9 million. The year also saw the auto maker report an annual profit for the first time in four years. Mulally has been praised for his leadership...
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Market News – Johnson & Johnson (NYSE:JNJ), Bank of America (NYSE:BAC), Citigroup (NYSE:C)
Monday, March 22, 2010 - 11:59am | 841The United States’ House of Representatives approved the long awaited and highly controversial Health Care reform bill late Sunday by a vote of 219-212. The bill, which will cost an estimated $940 billion over ten years, will extend health care insurance to 32 million uninsured and underinsured...
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Market News – Johnson & Johnson (NYSE:JNJ), Bank of America (NYSE:BAC), Citigroup (NYSE:C)
Monday, March 22, 2010 - 11:59am | 841The United States’ House of Representatives approved the long awaited and highly controversial Health Care reform bill late Sunday by a vote of 219-212. The bill, which will cost an estimated $940 billion over ten years, will extend health care insurance to 32 million uninsured and underinsured...
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Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
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Market Update – Boeing (NYSE:BA), Citigroup (NYSE:C), Palm (NASDAQ:PALM), Wells Fargo (NYSE:WFC)
Friday, March 19, 2010 - 10:16am | 967The concerns over the Greece debt situation are having an effect on the Euro’s trading price. The EU’s currency is having its worst week since January of this year. Investors have reacted conservatively after news that the Balkan state seems likely to seek a bailout from either the Eurozone or...
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Jerome York Passes Away At 71 (AAPL, F)
Thursday, March 18, 2010 - 3:34pm | 266The Wall Street Journal reports that Jerome York, who built a reputation as a turnaround expert at Chrysler Corp., passed away on Thursday after suffering with a brain aneurysm. He was 71. York’s death was announced by Apple, Inc. (NASDAQ: AAPL). He had served on Apple’s board since 1997 till...
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Can Ford Keep Its Momentum Going? (F, TM)
Thursday, March 18, 2010 - 2:43pm | 116NEW YORK (TheStreet) -- The price of Ford (NYSE: F) stock reached a five-year high Thursday after Moody's Investors Service boosted Ford and Ford Motor Credit ratings. But can it keep up this momentum? Many equity analysts think Ford still potential to do so, despite being up against the weakened...
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UK Offers Loan Guarantee To Ford And Nissan (F)
Thursday, March 18, 2010 - 2:19pm | 146The United Kingdom has pledged to provide 380 million pounds in aid to Ford Motor (NYSE: F) and Nissan Motors. The loan guarantee has been provided for the development of cleaner and greener technology. Ford (F) is currently engaged in the development of environmentally friendly technology across...
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Ford Motor Company (NYSE:F) Signals Possible Top With Candle Formation. (NYSE:TM)
Thursday, March 18, 2010 - 1:46pm | 229Ford Motor Company (NYSE: F) is forming what could be a tell tale sign of a top on the daily chart. The candle formation is known as a possible topping tail. A topping tail occurs when a stock runs up intra day early and then pulls back later in the day. It creates a long tail on the top and a...
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Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
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Bank on Texas with Texas Capital Bancshares (NASDAQ:TCBI)
Thursday, March 18, 2010 - 1:38pm | 1002The black cloud hanging over the financial services sector for much of the past two years is beginning to evaporate. Financial stocks rallied recently, and wise investors are giving the sector a fresh look. We’ve discussed the financial sector at length, noting that successful stock-picking...
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USD Surges On Rumours Of Discount Rate Hike
Thursday, March 18, 2010 - 1:16pm | 592G10 Advancers and Decliners vs USD JPY -0.33 GBP -0.76 CHF -1.15 EUR -1.29 • Rumours of another hike to the US discount rate to be announced at 12:30 EST sent the USD surging; DXY up nearly 1% on day. • UK PSNCR (Feb) grew to 7.7bln from 4.681bln in Feb 09 (11.0bln...
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Company News for March 18, 2010 - Corporate Summary
Thursday, March 18, 2010 - 9:31am | 298• Citigroup (NYSE:C) downgraded financial shares from "overweight" to "neutral," warning that early-cycle gains in financial sector shares, up 63% over the past year, may fade heading into the bull market's second year • After the close yesterday, Nike (NYSE:NKE) reported sharply-higher-than-...
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Daily Futures Commentary March 18, 2010
Thursday, March 18, 2010 - 8:37am | 555Thursday, March 18, 2010 U.S. stock indices are trading flat overnight. Traders have largely ignored the weakness in the Euro over Greece concerns. This may mean that today’s menu of U.S. economic reports will have a bigger influence on stock prices. The first report is Weekly Initial Claims....