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Zings Of The Day (TM)
Monday, October 25, 2010 - 4:03pm | 1056 more banks failed this weekend, as the total for the year is now 139. It was good to see Bailey Savings & Loan wasn't one of the ones that failed. Uncle Billy really would've hit the bottle hard. Toyota Motor (NYSE: TM) for 2010, citing yen weakness. Toyota put in the press release it...
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Ford to Invest Additional $850 Million in Michigan
Monday, October 25, 2010 - 3:00pm | 157Ford Motor Company (NYSE: F) today announced plans to invest an additional $850 million in Michigan between 2011 and 2013 as part of the company's commitment to competitively grow its engineering and manufacturing employee base, upgrade its facilities in the state and further improve its vehicle...
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Benzinga's Political Round Up
Friday, October 22, 2010 - 12:22pm | 160Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) may borrow more than $350 billion from the U.S. government, should the housing market worsen, says the FHFA. AIG (NYSE: AIG) raised $17.8 billion in its AIA IPO in Hong Kong, as it looks to pay back the U.S. government for bailing the insurer out...
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Zings Of The Day (FNM, TM)
Thursday, October 21, 2010 - 3:59pm | 182China's economy slowed to 9.6% growth in the third quarter, beating estimates of 9.5%. I wonder if China "fudged" the numbers to beat expectations. I mean, everything that China says is believable, right? Sarcasm is also my first language. Fannie Mae's (NYSE: FNM) regulators are set for litigation...
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Thursday's Mid-day Options Volume Leaders (BAC, C, NFLX, AAPL, F)
Thursday, October 21, 2010 - 11:12am | 119The overall market is taking out another set of short stops this morning, passing through the recent high at $1,185, and accelerating to new highs. Currently, the S&P 500 (CBOE: SPX) is trading at $1,189.79, high by 10.65 points. Here are your mid-day options volume leaders… 1. Bank of America...
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Ford Announces Executive Retirements
Thursday, October 21, 2010 - 9:04am | 289Ford Motor Company (NYSE: F) today announced the retirements of two company officers as well as a series of executive appointments that will further strengthen Ford's global management team in support of the company's One Ford plan. Gerhard Schmidt, Chief Technical Officer and vice president,...
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Toyota to Recall More U.S., Japanese Cars
Thursday, October 21, 2010 - 7:37am | 123TORRANCE, California (TheStreet) -- Toyota (NYSE: TM) plans to recall 740,000 cars in the U.S. and 599,000 cars in Japan because of brake fluid problems. In the U.S., the recall will affect 2005 through 2006 Avalons, 2004 through 2006 non-hybrid Highlanders and Lexus RX330, and the 2006 Lexus GS300...
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Mazda Denies Ford's Cut in Stake - Analyst Blog
Wednesday, October 20, 2010 - 6:54pm | 488Japan's Mazda Motor Corporation has dismissed the report of Ford Motor Co.'s (F) reduction in stake in the company, stating that their 31-year strategic partnership will remain unaltered. The company's President and Chief Executive, Takashi Yamanouchi, has also stated that Mazda is not interested...
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Let's get a little greedy
Tuesday, October 19, 2010 - 9:38am | 1169"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffett An uptick in the National Association of Home Builders (NAHB)/Wells Fargo housing market index (HMI) to 16 isn't exactly something to celebrate. After all,...
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Let's get a little greedy
Tuesday, October 19, 2010 - 9:38am | 1169"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful." - Warren Buffett An uptick in the National Association of Home Builders (NAHB)/Wells Fargo housing market index (HMI) to 16 isn't exactly something to celebrate. After all,...
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CPI Tame in September - Analyst Blog
Monday, October 18, 2010 - 2:03pm | 2327The Consumer Price Index (CPI) rose by just 0.1% in September, down from increases of 0.3% in August and July. Year over year it is up just 1.1%. Almost all of the increase was due to energy prices, which rose 0.7% after increases of 2.3% in August and a 2.6% increase in July. Year over year,...
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Ford to Cut Mazda Stake - Analyst Blog
Monday, October 18, 2010 - 1:31pm | 568Ford Motor Co. (F) is likely to sell most of its remaining stake in Japan's Mazda Motor Corp. from 13% to less than 3% by the end of this year. According to an undisclosed source, Sumitomo Mitsui Bank – Mazda's main creditor – and other Japanese business partners of Mazda are in talks to buy the...
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Winnebago Industries Announces Letter of Intent for Potential Acquisition of SunnyBrook Manufacturing
Monday, October 18, 2010 - 12:50pm | 106Winnebago Industries, Inc. (NYSE: WGO) today reported the Company has signed a Letter of Intent indicating its interest in acquiring SunnyBrook Manufacturing, Inc. Upon execution of this Letter of Intent, the Company began a due diligence process that will result in a formal assessment of...
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Jaguar Reinvents Its Flagship Sedan
Monday, October 18, 2010 - 9:48am | 190A recent article by Barron's discussed Jaguar's reinvented flagship sedan, thee XJ. Jaguar launched the new sedan last May in Hollywood off the Sunset Strip. Jaguar seems to have taken a bit of a gamble with this new sedan as it does not look like the conventional conservative Jaguar XJ or years...
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Company News for October 18, 2010 - Corporate Summary
Monday, October 18, 2010 - 9:36am | 609• Halliburton (NYSE: HAL) reported third quarter earnings of $0.58 a share, $0.02 higher than expected on a 30% revenue climb to $4.66 billion, above projections of $4.63 billion • Hasbro (NYSE: HAS) posted third quarter interims 5 cents above estimates at $1.09 on a 2.7% revenue increase to $1.31...