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Ralph F
168 Comments
Reluctant to broaden its $700B financial bailout, the Treasury turns down a request by General Motors (GM) for up to $10B to help finance a merger with Chrysler. Instead, the Treasury says it will try to speed up the Energy Department's $25B loan program for fuel-efficient vehicles.
About time.
Remarkably, "Big Money" managers surveyed this week by Barron's magazine are unrelentingly optimistic - with 50% saying they're bullish or very bullish about the stock market's prospects through the middle of next year.
U.S. demand for alcoholic beverages remains strong, and beer is poised to gain over expensive spirits. This is good news for Molson Coors (TAP), says Barron's, as cost-cutting and sustained growth could help the stock shine this year.
U.K. PM Gordon Brown believes there is support for a global financial rescue fund. "The Saudis will, I think, contribute like other countries, so that we can have a bigger fund worldwide to avoid the contagion - to avoid this spreading to different parts of the world."
General Discussion on OMEX
www.newyorker.com/repo...
General Discussion on ZLC
Cramer's Lucrative New Deal With TheStreet.com
www.sec.gov/Archives/e...
In particular:
"During the Term, except during any week when Cramer is on vacation as set forth in Section 2(d) hereof, Cramer will author no fewer than twelve (12) articles per week intended for publication in the Company’s online properties (thestreet.com, realmoney.com, mainstreet.com, bankingmyway.com, stockpickr.com, promotions.com) (collectively, the “Sites”). In addition, during the Term Cramer agrees to write for the Company’s product known as “Action Alerts PLUS” on such terms as are in effect on the Effective Date, and for such other products as the parties may mutually agree during the Term; provided, that, upon a Change of Control (as defined in Section 4(d) below), Cramer shall have no obligation whatsoever to write for any such products (including, but not limited to, Action Alerts PLUS) except upon mutual agreement between Cramer and the Company following such Change of Control."
And later:
"Notwithstanding the foregoing, following the consummation of a Change of Control any portion of the RSU Award which then remains unvested shall vest and become payable ratably over 36 months beginning at the end of the calendar month in which the Change of Control is consummated..."
In other words, if anyone tries to acquire TSCM, they don't get Cramer with it without renegotiating his contract, but all his stock vests immediately.
Very hard to see how anyone would buy TSCM under those circumstances.
BTW, I found this by doing a browser seach in the document for "change of control".
General Discussion on OMEX
www.bloomberg.com/apps...
Why Dividend Paying Stocks Are a Mistake
A sector ETF full of financials? That doesn't sound so good to many people right now.
General Discussion on YHOO
www.nytimes.com/2008/0...
Smooth Sailing Ahead for Carnival - Barron's
General Discussion on ACTG
General Discussion on HOLL
Annaly Capital Management: More Than One Way To Milk a Cash Cow
Can Blogs Beat CNET?
bits.blogs.nytimes.com.../