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Clear Channel (CCU) Company is supposed to go private. Wall St. is worried deal may not fly. Falls to $27.77 from 52-week high of $38.58. Municipal Mortgage & Equity (MMA) Restatements, write-downs, drividend cut. Trades down to $9.08 from 52-week high of $32.20. Zoran (ZRAN) Market hates financial results and poor outlook for Q1. Drops to $11.99 from 52-week high of $27.45. LEGC Corp (XPRT) Cuts outlook. Drops to $8.05 from 52-week high of $18.16. Douglas A. McIntyre
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29 January, 2008| Economy | Comments (0) @ 21:04

Super Stocks for the Super Bowl

addslashes(Super Stocks for the Super Bowl

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29 January, 2008| Economy | Comments (0) @ 20:44

Go Western Digital, Young Options Trader

addslashes(Go Western Digital, Young Options Trader

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29 January, 2008| Economy | Comments (0) @ 20:43

Jerome Kreviel Story Keeps Getting Weirder

We’ve been trying to get in touch with people who knew Jerome Kerviel but the guy seems to be one of those “kept to him over the weekend at Societe Generale. Right now he’s just a name, a face, an accusation, a denial and lots of speculation. We want to find out who he was.

In case you’ve been too busy to notice, Kerviel is just about the most famous name in finance right now. He’s accused of causing a $7 billion loss at SocGen. After a brief period where it seems he may have gone fugitive, he turned up in Paris. After questioning by police it emerged that he admitted to placing the trades but denied any fraud was involved. The court released him on bail and declined to press fraud charges.
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Original Source: www.pheedo.com

29 January, 2008| Economy | Comments (0) @ 20:39

Midday Tidbits — Google Volatility, and the Super Bowl

It’s been a lousy start to earnings season, worst since the end of the previous recession, according to Dirk van Dijk, head of research at Zacks Investment Research. He does offer a bit of hope, though: “If you are looking for a silver lining, it is that the worst damage is in the Financial sector and, almost a quarter of the Financials have already reported, far more than any other sector,” he writes. “So far, the Financials have been responsible for almost two-thirds of all the earnings disappointments.”
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Original Source: feeds.wsjonline.com

29 January, 2008| Economy | Comments (0) @ 20:28

How Will Jim Cramer’s Nephew Get Laid Now?

Jim Cramer announced on a “Wall Street Confidential” segment today that he’s renouncing tech, which tech must really be beating itself up over, the loss of Uncle Jimbo’s support. Why is he turning his back on a sector he previously shilled for like …
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29 January, 2008| Economy | Comments (0) @ 20:15

In the Shadow of Fiscal Policy

As the government moves closer to finalizing a fiscal stimulus package, the Federal Reserve must decide what influence, if any, the legislation should have on policy. Two former Fed economists, Douglas Elmendorf of the Brookings Institution and Vincent Reinhart of the American Enterprise Institute, argue that fiscal stimulus shouldn’t stop the Fed from significantly cutting rates….
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29 January, 2008| Economy | Comments (0) @ 20:06

Japan?s Manufacturing Sector Remains Surprisingly Resilient

Industrial production rebounds stronger-than-expected in December….
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29 January, 2008| Economy | Comments (0) @ 20:00

Asia Spotlight: South Korea’s Growth Has Peaked

But the new government’s pro-growth policies will prevent a sharp slowdown….
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29 January, 2008| Economy | Comments (0) @ 20:00

More DJIA Earnings Pressing (MO, MRK, PG, XOM)

We are over half-way through earnings season now, but we still have four DJIA components set to report earnings this week. We’ve also provided a link here to see which targets are there in our own Dogs of the Dow targets if applicable. On Wednesday, we have two more DJIA components posting earnings: Altria (NYSE: MO) will post earnings for Big Tobacco. First Call has estimates at $0.97 EPS and $9.19 Billion in revenues. If it offers 2008 guidance, the estimates are $4.74 EPS on $39.6+ Billion in revenues. What we are most interested is this spin-off of Phillip Morris…
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29 January, 2008| Economy | Comments (0) @ 19:59

The New Currency World Order

Joanna Slater has this piece on what’s happening in the currency world.
Is the currency market shifting gears?
That?s the theory advanced this morning in a note from Goldman Sachs, which asserts that some of the key relationships that have influenced exchange rates in recent years are breaking down.
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Original Source: feeds.wsjonline.com

29 January, 2008| Economy | Comments (0) @ 19:19

Dreaming of Regulatory Cooperation

Roger Ehrenberg has a sensible call for, among other things, "common regulatory frameworks": regulators around the world should all be singing from the same songbook, he says, in order to minimize regulatory arbitrage as well as reduce the "immense friction [involved in] operating regulated businesses across markets due to different rules and standards".
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29 January, 2008| Economy | Comments (0) @ 19:18

Coalition Against Fiscal Stimulus

The fiscal stimulus train is speeding — especially by Washington standards — through Congress. And several big-name economists are cheering the politicians on. But not all of them. Greg Mankiw, the stimulus foe who chaired the White House Council of Economic Advisers early in President Bush?s term, is compiling a roster of like-minded economists and pundits which he calls, ?T…
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29 January, 2008| Economy | Comments (0) @ 19:14

Fed Auction Sees Weak Bidding as Banks Await Rate Cuts

The Federal Reserve’s latest auction of credit, featuring the weakest round of bidding so far, may spur central bank officials to tweak the program in the coming months. Though 52 banks participated — down slightly from 56 in the auction earlier this month — just $37.45 billion in bids were submitted bids for the $30 billion offering. It’s the fourth “term auction facility” since the Fed launched the offerings in December amid credit-market upheaval.
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29 January, 2008| Economy | Comments (0) @ 19:12

That Monoline Bailout: The Entity, 2008 Edition

It’s the new MLEC. And it’s probably not going to work out. Willbur Ross is not about to buy up Ambac. But, hey, e…
Original Source: www.pheedo.com

29 January, 2008| Economy | Comments (0) @ 19:09

Are Refining Stocks Safer After Valero? (VLO, TSO, FTO, WNR, HOC)

Valero Corp. (NYSE: VLO) shares are trading up almost 10% after the company posted earnings. Valero has been what seems like habitually hampered with higher refining costs more than it has been a beneficiary of higher sell-through prices from high oil costs. With shares trading up 9.5%to $60.10 and a 52-week trading range of $47.40 to $78.68, its shares are still down over 23% from year highs. The company has retired nearly 120 million shares of stock since the end of 2005. Valero’s operating income was barely half of last years Q4 report at $567 million versus $1.1 Billion, while…
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29 January, 2008| Economy | Comments (0) @ 19:02

Reserve Bank of India Puts Rates on Hold

When will the loosening cycle commence?…
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29 January, 2008| Economy | Comments (0) @ 19:00

About that Stimulus Package

More than a few commentators have popped up to discuss the incipient stimulus package making its way through the halls of Congress, and there’s much chatter about whether it’s going to be much more than a Band-Aid,…
Original Source: feeds.wsjonline.com

29 January, 2008| Economy | Comments (0) @ 19:00

Global fixed income with high yield.

ETF market is booming. On the other side the old kind of exchange traded mutual funds are loosing vogue. Currently you can find plenty of ETF specialty like global equity, sector’s niche, currency ETF and also with fixed income. But the offer for fixed income ETF is quite limited. Mostly focused only on US government, corporate and municipal bonds. Investors looking for global exposure can choose among closed end funds. Except US and other major economies you can find also very exotic investment. I’ve listed below the highest yielding CEF. Majority of them are keeping bonds from emerging markets like Brazil, Russia, Turkey, Mexico, Eastern Europe. High yield is compensated by lower rating than US bonds are having….
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29 January, 2008| Economy | Comments (0) @ 18:54

Markets in Everything, Jingle Mail Edition

Are you stressed out about your mortgage payments? Do you have little or no equity in your home? Is your home sinking under the waves of the real estate crash? What if you could live payment free for up to 8 months or more and walk away without owing a penny? If you live in California, you can - and for only $995, youwalkaway.com will teach you how!
(Via J…
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29 January, 2008| Economy | Comments (0) @ 18:42

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