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Ford Sells Volvo To China Conglomerate (F)
Sunday, March 28, 2010 - 7:09pm | 147Ford Motor Co. (NYSE: F) agreed on Sunday to sell its Volvo subsidiary to a Chinese conglomerate. Zhejiang Geely Holding Group agreed to pay $1.8 billion for Volvo. The deal consists of $1.6 billion in cash and the rest in a note payable to Ford. China, which last year surpassed the U.S. as the...
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Top 5 Stocks For March 26, 2010 (GMET, F, JMBA, SBUX, CKR)
Friday, March 26, 2010 - 6:44am | 216Geomet Inc (NASDAQ: GMET) had forecasted an EPS loss of $0.04 for the latest quarter. GMET will announce its results before the opening bell. GMET’s shares lost 3.11% to close at $0.930 yesterday. Read more about this company here. The news for Ford (NYSE: F) hit the wire that an investment grade...
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Market Roundup (FNM, FRE, UBFO, TM, TIVO, EBAY)
Thursday, March 25, 2010 - 2:08pm | 301Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are revolting against a White House initiative that will make it easier for homeowners to get loans to increase energy efficiency at their homes. The mortgage giants are unhappy that the new debt would be senior to the existing mortgage debt. The...
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Daimler Settles Bribery Case With US (DAI)
Wednesday, March 24, 2010 - 8:07pm | 140German auto maker Daimler AG (NYSE: DAI) has agreed to settle a long pending bribe case with the U.S. Daimler (DAI) was accused of violating U.S. anti-bribery laws. Reportedly, the automaker has paid millions of dollars in bribes for obtaining business overseas. According to the agreement, Daimler...
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A Preference For A Preferred ETF
Wednesday, March 24, 2010 - 4:19am | 197In the summer of 2009, the ETF Professor wasn't too impressed with ETFs that focused on preferred stocks. Well, the time has come for a change of view on that and while there are several options available in the world of preferred ETFs, there is one selection that rules the roost. That is the...
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EUR/CHF Reaches All-Time Low!
Wednesday, March 24, 2010 - 2:55am | 1437EUR/CHF Reaches All-Time Low! Investors saw mixed signals regarding the Greece bailout plan. However, the European Union (EU) meeting on Thursday may end the uncertainty surrounding the aid program. Meanwhile the EUR has hit an all time low against the Swiss Franc, down more than 100 pips yesterday...
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EUR/CHF Reaches All-Time Low!
Wednesday, March 24, 2010 - 2:55am | 1437EUR/CHF Reaches All-Time Low! Investors saw mixed signals regarding the Greece bailout plan. However, the European Union (EU) meeting on Thursday may end the uncertainty surrounding the aid program. Meanwhile the EUR has hit an all time low against the Swiss Franc, down more than 100 pips yesterday...
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GM Focuses on Brazil - Analyst Blog
Tuesday, March 23, 2010 - 5:18pm | 357General Motors (GM) has revealed its plan to invest R$1.4 billion ($770 million) to modernize and expand the Sao Caetano do Sul and Mogi das Cruzes plants in the Sao Paulo state of Brazil . The expansion, which includes two new models that will be produced for the Brazilian and the international...
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Ford Sees Heavy Options Action
Tuesday, March 23, 2010 - 1:28pm | 147Ford (NYSE: F) is drifting lower in today’s trade, currently down 0.86% to $13.87. The stock has been on an absolute tear for the past year, but is certainly finding strong resistance around the $14 level. Today, many trades are occurring in the name. The April contract is where the vast majority...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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Market Update – Ford Motor Company (NYSE:F), American International Group (NYSE:AIG), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Intel Corporation (NASDAQ:INTC)
Tuesday, March 23, 2010 - 10:20am | 1015The Congressional committee on housing, the Federal Housing Committee, is meeting today to decide what the next move is with Fannie Mae and Freddie Mac. The government nationalized the two massive companies during the housing crisis and they have helped stabilize the housing market since then, in...
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General Motors (GM) Close To Extending Its Partnership With Renault On Its Luton Plant
Tuesday, March 23, 2010 - 9:04am | 215Telegraph has cited the chief executive of General Motors (NYSE: GM) as saying that the company is about to sign a joint-venture agreement that will help it in keeping its Luton van plant functioning until after 2013. GM Europe is operating its Luton plant through a partnership with Renault until...
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Daily Forex Commentary March 22, 2010
Monday, March 22, 2010 - 6:07pm | 488March 22, 2010 Stock Market Rally Helps Erase Early Dollar Gains A turnaround in U.S. equity market pressured the Dollar on Monday as traders sought risk in higher yielding assets. Overnight, the Dollar traded weaker, driven down mostly by traders taking protection in the lower yielding Dollar and...
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Daily Forex Commentary March 22, 2010
Monday, March 22, 2010 - 6:07pm | 488March 22, 2010 Stock Market Rally Helps Erase Early Dollar Gains A turnaround in U.S. equity market pressured the Dollar on Monday as traders sought risk in higher yielding assets. Overnight, the Dollar traded weaker, driven down mostly by traders taking protection in the lower yielding Dollar and...
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Ford CEO Gets $17.9 Million In Compensation (F)
Monday, March 22, 2010 - 5:12pm | 95Ford (NSYE:F) announced today that CEO Alan Mulally earned total compensation of $17.9 million in 2009. "Given the challenging economic environment, we believe this performance to be outstanding, and we are gratified that stakeholders have shown renewed confidence in our future," Ford said in its...