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Is Merrill shopping its Bloomberg stake?

Sat, 05 Jul 2008 13:40:00 GMT

Since early May, the share price of Merrill Lynch & Co. In fact, according to a piece in the New York Times, it looks like Merrill is trying to sell off its 20% stake in Bloomberg LP. It was in the early 1980s that Merrill Lynch invested $30 million in

NewsWatch: Stock market braces for oil's ever-higher climb

Sat, 05 Jul 2008 16:00:08 GMT

Stocks could be in for further pressure next week, as surging crude oil prices threaten to tip the broad market more convincingly into bear-market territory. Among the companies whose shares are expected to see active trade in Monday's session are Marshall &

Saturday's Art Of The Chart: It's Price Action 7/5/08

Sat, 05 Jul 2008 19:53:25 GMT

Gary Smith, Author Of "How I Trade For A Living", August 12, 2005 "Alchemy Of Trading is a bit different from those we've reviewed before although Stephen Vita posts plenty of breaking market news and related charts. Barron's, March 7, 2005 "Ten years ago,

U.S. Energy Consumption as Percent of GDP

Sat, 05 Jul 2008 17:28:00 GMT

I found this story puzzling ... From MarketWatch: S&P says energy spending has fallen to 1971 pace [A] Standard & Poor's report said Wednesday it expects Americans to spend the same portion of their household income on energy as they did the year the Ed

Book Recommendation: Technical Analysis Using Multiple…

Sat, 05 Jul 2008 20:54:33 GMT

I highly recommend Brian Shannon’s new book “Technical Analysis Using Multiple Timeframes.” Brian is a pro - as real of a trader as they get. The book is filled with a lot of wisdom that you can only get from a trader who spends every day in the market - year

Santoli-isms?

Sat, 05 Jul 2008 16:09:00 GMT

Michael Santoli had a great one liner in his StreetWise column. THE OUTSIZED FOCUS LAST WEEK ON THE DOW'S REACHING "official" bear-market status with a 20% decline from a recent high is a bit like fixating on the moment that storm winds go from 73 to 74 miles per hour to formally become a

BCE Reaches Final Buyout Agreement: What Next?

Sat, 05 Jul 2008 10:39:00 GMT

For BCE (BCE/NYSE) shareholders, the big fireworks yesterday was news the company had signed a final agreement with a group led by the Ontario Teachers' Pension Plan to complete the world's largest leveraged buyout after scrapping its quarterly dividend. With

6 Warning Signs a Company May Cut Its Dividend

Fri, 04 Jul 2008 14:32:28 GMT

I wanted to take this a step further and have done some investigation on what some of the dividend investing experts have suggested are some warnings signs that a dividend may be at risk of being cut. Dividend payments to investors need to come from earnings,

London shares drop amid retail gloom

Fri, 04 Jul 2008 13:17:35 GMT

Shares in retailer Marks & Spencer fell to a level not seen since late 2001 on Friday, amid continuing gloom about how retailers are going to cope as growth in the U.K. Meanwhile, downbeat sales data from privately-owned British retailer John Lewis out

A Reader Writes "A couple of questions...."

Sat, 05 Jul 2008 07:00:35 GMT

Stock Links Hello Friends! As always, please remember that I am an amateur investor, so please remember to consult with your professional investment advisers prior to making any investment decisions based on information on this website. One of my regular

Origin advises shareholders to reject BG bid

Fri, 04 Jul 2008 04:29:21 GMT

Origin Energy, the Australian energy producer and retailer, advised shareholders on Thursday to reject a $13.1bn bid from British gas company BG Group, saying it undervalued its coal seam gas (CSG) reserves, reports Reuters. Origin’s chairman Kevin McCann

Gas prices at record high, holiday travel down

Sat, 05 Jul 2008 20:07:00 GMT

As gas prices hit a new high Saturday, Americans were seen cutting back on travel over the holiday weekend. With such heady fuel costs, AAA estimates that the number of Americans traveling during the Fourth of July holiday travel period fell for the first

Earnings highlights: BP, Discover, Corel, Citigroup, WD-40,…

Sat, 05 Jul 2008 14:40:00 GMT

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The Markets' Red Glare

Fri, 04 Jul 2008 10:03:41 GMT

markets are closed Friday for the July 4th holiday, but after the way the third quarter has begun, traders may not be itching for the next opening bell. Next week, traders will wrestle with the latest reading of the Pending Home Sales Index and the preliminary July reading of the Index of Consumer

The Big Picture For The Week Of July 6, 2008

Sat, 05 Jul 2008 15:11:00 GMT

The chart is YTD for the Legg Mason Value Trust (LMVTX) versus the S&P 500. A look at the stale holdings on Yahoo Finance shows that it makes what I think are big bets and sometimes big bets do not work out. The fund is overweight financials versus SPX

BCE Finalizes Tumultuous Takeover

Fri, 04 Jul 2008 22:30:00 GMT

Canada's largest communications company said its $51B buyout deal will proceed at original purchase price

Happy July 4th!

Fri, 04 Jul 2008 14:37:41 GMT

In addition to our 15th wedding anniversary this week, my wife has just accepted a Professorship at the Southern Utah University in Cedar City, Utah. Since last Saturday, we've been house hunting like crazy this week (we saw 33 homes in five days) and found our dream home in the Utah mountains.

Blogonomics: Gawker's Latest Pay Cut

Fri, 04 Jul 2008 01:25:00 GMT

He said that pageviews were much higher than expected not only in the first quarter but also in the second quarter: given the pageviews which attached in Q1 to big stories surrounding Tom Cruise, Heath Ledger, and Eliot Spitzer, he'd anticipated a significant

SportsWatch: Venus beats Serena for fifth Wimbledon singles…

Sat, 05 Jul 2008 18:26:00 GMT

Venus Williams bested younger sister Serena on Saturday to claim her fifth singles Wimbledon title. The win is Venus's first victory over Serena in a Grand Slam final since the 2001 U.S. Venus, 28, beat Serena, 26, in straight sets of 7-5 and 6-4. "But when

Corel earnings drop 60%

Sat, 05 Jul 2008 08:40:00 GMT

Anybody who does much in the way of graphics or design knows Corel Corp. (NASDAQ: CREL) and its products -- Corel DRAW and Corel Paint Shop. Interim CEO Kris Hagerman states that "Corel performed well in the second quarter." Given that revenues were up less than 3% and GAAP net income, another word