Archive for December, 2009

Investing in 2010: Five Biotechs Under $5

As the year ends with markets staging a remarkable nine-month recovery, posting what may be the best yearly gains since 2003, some investors’ appetites for risk may increase. And there’s no better place to find that risk-reward potential than in the biotech sector. Recent dealmaking in that area, from acquisitions of small biotechs by Big Pharma to key licensing pacts, have put the spotlight on biotech, and that will probably continue, as Big Pharma tries to avoid losses from the fast-approaching “patent cliff.” Continue reading Investing in 2010: Five Biotechs Under $5 Investing in 2010: Five Biotechs Under $5 originally appeared on DailyFinance on Thu, 31 Dec 2009 14:00:00. Filed Under: Company News , Investing , Healthcare , Pfizer , Novavax , Sanofi Aventis , Merck Permalink | Tweet this! | Comments

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Investing in 2010: Five Biotechs Under $5

Fox Grants ‘Brief Extension’ in Cable Dispute

The Fox television network allowed its broadcast signal to be carried by Time Warner Cable for a brief extension past a midnight deadline as talks over fees continued. Time Warner Cable Inc. made the announcement as the clock rolled past midnight Thursday on the East Coast. Continue reading Fox Grants ‘Brief Extension’ in Cable Dispute Fox Grants ‘Brief Extension’ in Cable Dispute originally appeared on DailyFinance on Fri, 01 Jan 2010 00:53:00. Permalink | Tweet this! | Comments

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Fox Grants ‘Brief Extension’ in Cable Dispute

For 10 years, McGuire, Jennings and Miller , a funeral home in Rome, Georgia, has offered New Year’s revelers a strange bargain. Anyone planning to drive while under the influence of alcohol or drugs on New Year’s eve can come into the company’s office in advance and sign a contract announcing their intentions. If they die in a drunk-driving accident on New Year’s, the funeral home will cover the costs of their burial: limousine, grave, casket, and embalming all included. Continue reading Deadly Deal on New Year’s from a Georgia Funeral Home Deadly Deal on New Year’s from a Georgia Funeral Home originally appeared on DailyFinance on Thu, 31 Dec 2009 15:30:00. Filed Under: Economy , People , Media Permalink | Tweet this! | Comments

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Deadly Deal on New Year’s from a Georgia Funeral Home

The Great Recession: A Hidden Depression?

The story of the Great Depression is often told in pictures: while few people recognize the names ” Smoot-Hawley ” or ” Schechter Poultry ,” photographs of bank runs and bread lines continue to pack a punch, almost 80 years after they were first snapped. But the Great Depression’s position as our absolute standard for economic disaster carries an unintended consequence: The power of its images seem to overwhelm — and minimize — the economic troubles of our own time. After all, if it doesn’t look like a Depression, how tough could things be? Continue reading The Great Recession: A Hidden Depression? The Great Recession: A Hidden Depression? originally appeared on DailyFinance on Thu, 31 Dec 2009 15:30:00. Filed Under: Technology , Economy , Media Permalink | Tweet this! | Comments

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The Great Recession: A Hidden Depression?

(TrendHunter.com) I have to hand it to the marketing team over at Kodak, this is one hell of an idea. The Kodak Times Square idea is to allow your picture to be put on display in the middle of Times Square. There is no…

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10 Second Moments of Fame – Kodak Times Square Campaign Offers to Put Your Pic on Display

What a short, strange, stock market trip it’s been. Who would have thought back in the dark days of the March lows that 2009 would end up being an outstanding year for equities? It may not feel like it, but the blue-chip Dow Jones Industrial Average ( $INDU ) just enjoyed its best annual gain since 2003, when it rose 25%. Continue reading After a Wretched Start, ‘09 Ends Sublime for Stocks After a Wretched Start, ‘09 Ends Sublime for Stocks originally appeared on DailyFinance on Thu, 31 Dec 2009 16:00:00. Filed Under: Investing Permalink | Tweet this! | Comments

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After a Wretched Start, ‘09 Ends Sublime for Stocks

The recession has turned us into a people who brunch. It makes sense that in hard times, a restaurant outing that combines two meals into one would become as hot as jalape

Reports that commercial real estate (CRE) is suffering from a double whammy of soaring vacancies and declining valuations have been making news recently with sobering regularity. DailyFinance addressed the risks that CRE meltdowns pose to banks in early December. And in a stunning confirmation, just weeks later Morgan Stanley announced it was “walking away” from five San Francisco office towers , giving them back to the lenders. These accounts address the impacts on real estate investors, banks and hard-hit locales such as Southern California . But a bigger, often-overlooked, risk is the potential for CRE to remain a drag on the U.S. economy for years to come, or its potential to trigger a slide back into recession — the so-called double dip that many fear. Continue reading How Commercial Real Estate Could Trigger a Double-Dip How Commercial Real Estate Could Trigger a Double-Dip originally appeared on DailyFinance on Thu, 31 Dec 2009 14:00:00. Filed Under: Economy , Morgan Stanley , Real Estate Permalink | Tweet this! | Comments

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How Commercial Real Estate Could Trigger a Double-Dip

City National ( CYN ) has become the latest recipient of government bailout money seeking to repay funds it received under the Troubled Asset Relief Program. The Los Angeles-based bank said Wednesday that it has repurchased $200 million worth of the $400 million in shares that were sold to the U.S. Treasury in 2008 under TARP, and pledged to repurchase the remaining $200 million in 2010, pending regulators’ approval. Continue reading ‘Bank to the Stars’ Moves to Unhitch Its Wagon from the TARP ‘Bank to the Stars’ Moves to Unhitch Its Wagon from the TARP originally appeared on DailyFinance on Thu, 31 Dec 2009 14:38:00. Filed Under: Company News , Economy , Investing , Bank of America , Citigroup , Wells Fargo & Co. Permalink | Tweet this! | Comments

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‘Bank to the Stars’ Moves to Unhitch Its Wagon from the TARP

In a move that came as a surprise to no one, AT&T Inc. ( T ) quietly ended its sponsorship of Tiger Woods — making it one of the biggest companies to drop the embattled golf pro. The telecom company, whose logo appears on Woods’ golf bag, did not give a reason for its decision. However, does the company really even need to provide one? Continue reading AT&T Is the Latest Sponsor to Say Goodbye to Tiger Woods AT&T Is the Latest Sponsor to Say Goodbye to Tiger Woods originally appeared on DailyFinance on Thu, 31 Dec 2009 12:30:00. Filed Under: People , Media , Pfizer , AT&T Permalink | Tweet this! | Comments

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AT&T Is the Latest Sponsor to Say Goodbye to Tiger Woods