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Archive for June, 2009


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Wells Fargo to finance up to $100 million in new SunPower plants

Tuesday, June 30th, 2009

Filed under: Wells Fargo (WFC) , Green Stocks Wells Fargo & Company (NYSE: WFC ) and solar technology company SunPower Corporation (NASDAQ: SPWRA ) teamed up today with an agreement for Wells to finance up to $100 million in new solar energy systems. SunPower will create agreements with end power users and handle operational issues, and Wells will finance and retain ownership of the systems, according to a pair of press releases from the two companies

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Wells Fargo to finance up to $100 million in new SunPower plants

Exxon Mobil will not challenge Valdez judgement

Tuesday, June 30th, 2009

Filed under: Good news , Press releases , Law , Exxon Mobil (XOM) , Scandals Exxon Mobil Corporation (NYSE: XOM ) announced today that it would not challenge the ruling of an appeals court stating that it was to pay $470 million in interest on the $507.5 million judgment related to the Exxon Valdez oil spill. The Exxon Valdez oil spill took place back in 1989, and victims have been trying to get some money from Exxon ever since.

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Exxon Mobil will not challenge Valdez judgement

Bank of America accused of ripping off consumers

Tuesday, June 30th, 2009

Filed under: Bank of America (BAC) We all know that Bank of America (NYSE: BAC ) is a lousy, incompetently run outhouse of a financial institution.

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Bank of America accused of ripping off consumers

H&R Block has nice Q4 — buy it now?

Tuesday, June 30th, 2009

Filed under: Earnings reports , H and R Block (HRB) , Intuit Inc (INTU) H&R Block (NYSE: HRB ), a tax-preparation company whose colleagues include Intuit (NASDAQ: INTU ) and Jackson Hewitt Tax Service (NYSE: JTX ), was up in the after-hours session on Monday because the market approved of the company’s Q4 earnings report . At one point, shares had gained almost 5.8%, and that was on top of 1.6% gain during the regular session. Volume was okay during the regular session, not overly spectacular.

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H&R Block has nice Q4 — buy it now?

Chasing Value: Favorite trades — UPS

Tuesday, June 30th, 2009

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Filed under: Rants and raves , United Parcel’B’ (UPS) , Options , Chasing Value , Stocks to Buy , Best Stocks for 2009 For those of you who are able to trade options, I have been writing more and more about naked puts , “selling to open” stock options that I have been doing all year with great returns due to an overabundance of fear. Yesterday I reviewed one example in Chasing Value: GE — maybe not eating out of trash cans after all , and today I review some of my favorite ways to make money and improve my portfolio

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Chasing Value: Favorite trades — UPS

Options Update: Suncor Energy and Petro-Canada volatility low into merger

Tuesday, June 30th, 2009

Filed under: Options Suncor Energy (NYSE: SU ) is expected to close on its purchase of Petro-Canada (NYSE: PCZ ) in Q3 pending regulatory approvals. PCZ will receive 1.28 shares in the new company for each of their shares while SU holders will receive one share

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Options Update: Suncor Energy and Petro-Canada volatility low into merger

Steve Jobs returns to Apple part time

Monday, June 29th, 2009

Filed under: Good news , From the boards , Management , Apple Inc (AAPL) , iPhone , Technology Apple Inc. (NASDAQ: AAPL ) announced today that its CEO and co-founder, Steve Jobs, is back at work following a five-and-a-half month medical leave for a liver transplant.

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Steve Jobs returns to Apple part time

Microsoft bet on Bing?

Monday, June 29th, 2009

Filed under: Microsoft (MSFT) , Newsletters , Stocks to Buy ” Microsoft Corporation (NASDAQ: MSFT ), already a holding on our buy list, was added to Goldman Sachs’ Conviction Buy List,” says Bill Martin .

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Microsoft bet on Bing?

Closing Bell: A quiet day that didn’t look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)

Monday, June 29th, 2009

Filed under: Sirius Satellite Radio (SIRI) , Berkshire Hathaway (BRK.A) , Blockbuster Inc ‘A’ (BBI) , SLM Corp (SLM) Despite us being on the heels of the big Russell indexes changing and despite the quarter-end being a day away, this was a boring day. A study showed a small decrease in online job advertisements , but that was the only item on the economic front.

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Closing Bell: A quiet day that didn’t look quiet (BRK.A, BBI, SLM, SIRI, SWI, STT)

Madoff receives a sentence of 150 years

Monday, June 29th, 2009

Filed under: Good news , Press releases , Law , Consumer experience , Scandals , Media World Bernie Madoff was in federal court today, where he was given a 150 year sentence for charges related to his Ponzi scheme.

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Madoff receives a sentence of 150 years


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