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Gingrich's Sweetheart Deal With Tiffany's Gives Off Appearance of Impropriety
Wednesday, June 1, 2011 - 7:40am | 707It appears the Gingrich campaign is doubling down on its bet that Americans don't care that the thrice-married former Speaker may have received special treatment to open up a no-interest line of credit with Tiffany's (NYSE: TIF). Gingrich Press Secretary Rick Tyler tweeted me on Saturday, claiming...
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Crushing Harvard's Mighty Endowment Fund?
Monday, May 30, 2011 - 10:57pm | 3471Before I get into my latest topic, I want to follow-up on my Friday comment on pensions leaping back into hedge funds. I was talking to one of the investment professionals who works at an established hedge fund that received an allocation from the $175 million SARA Fund managed by HR Strategies on...
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PayPal's Late With Own Killer Mobile-Pay Plan
Friday, May 27, 2011 - 1:53pm | 143(TheStreet) -- Google (NASDAQ: GOOG) leapt into mobile payments Thursday with partners like Citi (NYSE: C) and MasterCard (NYSE: MA). Totally outmaneuvered, eBay's (NASDAQ: EBAY) PayPal cried foul. Instead of firing back with its own pay plan, PayPal -- the giant of ecommerce transactions, the...
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Google, Square, and Banks Venture Into Mobile Payments, but Which Delivers Best Experience?
Friday, May 27, 2011 - 12:21pm | 552By Professor Pinch Recently, I got turned on to Rohit Bhargava. He has a book that will be coming out called Likeonomics.The premise is pretty simple. I took this straight off the Likeonomics website: Likeonomics is a term that explains the new affinity economy where the most likeable people,...
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Jeff Gundlach: Eschew Gold, Buy Gemstones
Thursday, May 26, 2011 - 2:04pm | 100In one of the more entertaining presentations yesterday at Ira Sohn, Jeff Gundlach of DoubleLine said that gemstones are a better way to store value, as opposed to gold or silver, because of their transportability. Gundlach says that gemstones have been used in the past to trade for things, and...
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Puts Purchased on ING Groep N.V.
Thursday, May 26, 2011 - 1:32pm | 138Shares of ING Groep N.V. (NYSE: ING) are higher on the session by 1.12%, currently trading at $11.77. The stock has been moving largely higher over the past six months and is currently trading above the 200-day moving average. Options traders are buying puts on the name today. A short while ago...
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UPDATE: Google, Citi, MasterCard, First Data and Sprint Team up on Mobile Payment Technology
Thursday, May 26, 2011 - 12:29pm | 880At an event today, Google (NASDAQ: GOOG), Citi (NYSE: C), MasterCard (NYSE: MA), First Data and Sprint (NYSE: S) announced and demonstrated Google Wallet, an app that will make your phone your wallet so you can tap, pay and save money and time while you shop. For businesses, Google Wallet is an...
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Dow Earning All 115 Birthday Spankings Today
Thursday, May 26, 2011 - 12:05pm | 591Apparently, the Dow is taking this whole “115th birthday” thing a little too far, as traders across the world line up to give the index one birthday spanking after another. The index is down slightly today, allowing use of a pun that's been floating around the office all week. Other than, say, a...
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Financial Stocks Continue To Struggle
Thursday, May 26, 2011 - 10:39am | 416Most of the leading financial Stocks have been under pressure since the beginning of May. This leading sector is now starting to get extended on the downside and could be due for a short term bounce in the coming days. It is important to note that most of the leading financial stocks are trading...
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J.P. Morgan Settles Successful Securities Lending Transaction in Brazil
Thursday, May 26, 2011 - 9:01am | 53J.P. Morgan (NYSE: JPM) Worldwide Securities Services today announced that it has successfully executed and settled a securities lending transaction in the Brazilian market. In doing so, J.P. Morgan is the first non- domestic agent lender to complete a loan transaction in Brazil.
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More Spying on Elite Funds - Part 2
Tuesday, May 24, 2011 - 7:05pm | 1695A follow-up to my last comment on spying on elite funds. We begin with an article by Naked Value on Seeking Alpha, Paulson & Co.'s Biggest Buy, Biggest Sell and Top Holdings. You'll notice that unlike Dodge and Cox, Paulson & Co sold all their Pfizer shares, and initiated a new position in...
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Wednesday's Stocks to Watch, May 25
Tuesday, May 24, 2011 - 6:42pm | 1526( click to enlarge ) Bank of America Corporation (NYSE:BAC) has a strong support around $11 from where it could attempt a bounce back. On daily chart, the technical indicators are not showing any signs of a recovery. Only the RSI has made a higher bottom which could lead to a pullback. (...
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Resistance is Former Support Level 05-24-2011
Tuesday, May 24, 2011 - 2:51pm | 931Cusick's Corner Some readers have asked me what sparked my skepticism last week. Answer: Europe -- specifically the PIIGS. While Greece is that ugly sore that just won't go away, the revelations that Italy may be in trouble has rocked the market since Italy has had the best performing market in...
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Stock Market Analysis: The Day Revealed
Tuesday, May 24, 2011 - 12:54pm | 250The markets have slowly faded off the opening highs as fears about the global economy continue. This market is not just worried about the European debt crisis which has bubbled up again, but also the debt ceiling issue in the U.S., inflation, jobs and the end of QE2. There is a ton of gray in the...
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Citi Appointed Successor Depositary for Shire plc's Sponsored Level 2 ADR Program
Tuesday, May 24, 2011 - 10:09am | 54Citi (NYSE: C) today announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by Shire plc (Nasdaq: SHPGY) as the successor depositary bank for its sponsored Level II American Depositary Receipt program.