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Ford Cutting $1.9 Billion In Debt (F)
Wednesday, November 24, 2010 - 3:17pm | 88Ford Motor Company (NYSE: F) announced that it will be issuing 274 million shares in a bond exchange, which will help it cut $1.9 billion in debt. Ford will issue the new shares on Nov. 30. As part of the exxchange, it will make a $534 million payment, and will also take a $960 million charge...
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Ford Announces Debt Reduction
Wednesday, November 24, 2010 - 3:07pm | 84Ford Motor Company (NYSE: F) announced today the results of conversion offers that will reduce the company's Automotive debt by more than $1.9 billion, further strengthening its balance sheet and lowering annualized interest costs by about $180 million. Including the conversion offers, the...
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Durable Goods: Dismal - Analyst Blog
Wednesday, November 24, 2010 - 2:30pm | 1665New Orders for Durable Goods fell 3.3% in October. That was much worse than the consensus expectations for a decline of 0.3%. The bad news cannot just be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component, which is often...
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Benzinga's Political Round Up
Wednesday, November 24, 2010 - 12:59pm | 152The Irish government will seek a $100 billion bailout, as it looks to shore up public sector spending and its banks, such as Allied Irish (NYSE: AIB). The General Motors (NYSE: GM) IPO put the U.S. Treasury recovery of TARP funds past $250 billion. The Federal Reserve lowered its outlook for...
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Wednesday's Mid-day Options Volume Leaders (AAPL, C, BAC, AMZN, F)
Wednesday, November 24, 2010 - 12:23pm | 112Volatility is getting sucked out of the market with the S&P 500 (CBOE: SPX) jumping 14.70 points, currently trading at $1,195.22. The CBOE Volatility Index (CBOE: VIX) is off by 8.53%, registering 18.87. Here are your mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 135,114...
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General Motors Investing In 3 Plants (GM)
Wednesday, November 24, 2010 - 12:01pm | 103General Motors (NYSE: GM) announced it will be investing $163 million in three plants, two in Michigan and the other one in Ohio. It will add engine production for the Chevrolet Cruze, the Chevy Volt and an unnamed new small car, GM said yesterday. GM said the investment would keep 184 jobs at the...
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Options Brief: Winnebago Industries (WGO)
Wednesday, November 24, 2010 - 11:43am | 90Shares of Winnebago Industries (NYSE: WGO) are higher on the session by 3.69%, trading at $10.40. Overall call volume is now running at 7.86x the daily average, with 1% of all calls traded being purchases on the offer. 1,006 contracts have traded on the session so far. Winnebago Industries, Inc....
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Why GM Is Not The Way To Play China's Car Market
Wednesday, November 24, 2010 - 9:30am | 112General Motors (GM) went public last Thursday and partially wrested itself from government ownership by selling 365 million shares to the public at $33 a share. GM raised roughly $23 billion from this IPO, making it the largest IPO in ... Go to SwingTradingDaily.com for full article, videos and...
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Durable Goods: Dismal - Analyst Blog
Wednesday, November 24, 2010 - 9:17am | 1665New Orders for Durable Goods fell 3.3% in October. That was much worse than the consensus expectations for a decline of 0.3%. The bad news cannot just be pegged on the extremely volatile Transportation Equipment side, and more specifically, from the Non-Defense Aircraft component, which is often...
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We Just Got $11.7 Billion Richer (GM)
Tuesday, November 23, 2010 - 4:26pm | 78The U.S. Treasury Department reported that it received $11.7 billion today from the sale of General Motors (NYSE: GM) IPO last week. The proceeds of the sale were delivered today. The Treasury sold 358.5 million shares in the process. The Treasury could also receive another $1.8 billion if the...
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3Q GDP Revised Up to 2.5% - Analyst Blog
Tuesday, November 23, 2010 - 12:30pm | 4263This is essentially a repost of the report I posted when the original estimates for GDP growth came out on October 27th. I have put the new revised contributions to (or drags on) growth in bold, with the original numbers immediately following in parenthesis. This will allow you to immediately see...
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GM Nears IPO Price.. Again (GM)
Tuesday, November 23, 2010 - 11:34am | 38General Motors Co. (NYSE: GM) is down again today, as it nears its IPO price once again. At last check, shares of GM were off 56 cents to $33.52, a loss of 1.6%.
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3Q GDP Revised Up to 2.5% - Analyst Blog
Tuesday, November 23, 2010 - 7:17am | 4263This is essentially a repost of the report I posted when the original estimates for GDP growth came out on October 27th. I have put the new revised contributions to (or drags on) growth in bold, with the original numbers immediately following in parenthesis. This will allow you to immediately see...
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Solid Growth to Continue - Earnings Trends
Monday, November 22, 2010 - 6:00pm | 4956Key Points: 3Q Earnings season almost done, 484 or 96.8% of S&P 500 reports in so far. Strong earnings season, with a median EPS surprise of 4.92% and a 3.73 surprise ratio. While those numbers are down from earlier in the reporting season, they are still very good. Total of 347 positive...
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Benzinga's Political Round Up
Monday, November 22, 2010 - 1:09pm | 162Ireland has officially asked for a bailout, and will receive a bailout from the European Union and the IMF. AIG (NYSE: AIG) is selling its rail-car subsidiary in an effort to continue paying back the U.S. Treasury. The top 35 banks are a combined $100 billion short in capital requirements, as set...