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Mortgage delinquencies spreading: AIG

Posted by jesse1290 on August 9th, 2007

AIG, the world's largest insurer and one of the biggest mortgage lenders, said total delinquencies in its $25.9 billion real estate portfolio were 2.5 percent.

It said 10.8 percent of its subprime mortgages were 60 days overdue, compared with 4.6 percent in the category with credit scores just above subprime, indicating that the threat to the mortgage market may be spreading.

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Bear Hedge Funds File for Bankruptcy

Posted by jesse1290 on August 1st, 2007

Now this is scary, Bear Stearns specializes in mortgage-backed securities and is the nation's fifth-largest investment bank and they have filed for BANKRUPTCY protection? That should get you a little more than worried. They are supposed to be experts and they missed all of the signs?

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Jim Cramers Mad Money Stock Picks

Posted by jesse1290 on July 23rd, 2007

Miriam Metzinger has summarized the stocks that Jim Cramer discussed on July 20th Mad Money.

Jim Cramer still believes the Dow will hit 14,500 by the end of the year, but is a little hesitant on the short term and suggests that you may want to take some profits off of the table.

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Gates Owns 8 Pct of Berkshire Hathaway

Posted by jesse1290 on July 18th, 2007

Bill Gates reported an 8% stake in Berkshire Hathaway (NYSE:BRK A)through his charitable foundation and investment firm.

According to a filing with the Securities and Exchange Commission, the Bill and Melinda Gates Foundation received 475,000 Class B shares as a gift from Buffett on July 9.

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Skechers Shares Fall on Analyst Note

Posted by jesse1290 on July 18th, 2007

Skechers USA Inc.'s shares fell on Wednesday, after an analyst expressed concern about the retail environment and lowered second-quarter earnings estimates.

The note came a day after Skechers shares rose 8 percent as a Wedbush Morgan Securities analyst said business trends are strong and upgraded the stock to "Strong Buy," from "Buy."

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ImClone Systems said on Thursday that its cancer drug Erbitux did not help stave off the disease in patients with metastatic lung cancer, sending the company's shares down 6% in premarket trading.

Results of a bigger late-stage trial of the drug, which is currently approved to treat colon cancer and head and neck cancer, are not yet available.

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This article describes a hypothetical stock option collar trade involving Chesapeake Energy (CHK). The trade is set up to have a maximum loss of -2.5% with a potential gain of 25%.

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