GLD TBT
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Fed Exit Strategy? Preparing For Inflation: SPDR Gold Trust (GLD)
et... -08/13/09 at 9:53
AM CDTby Brian Benton
Federal Reserve chairman Ben Bernanke used last
week as an opportunity to address the Fed's exit strategy of
removing the bank reserves that have been pumped into the banking
system since September of last year. Of course, this will not
happen until the Fed and our political leaders feel that both the
banking system and the economy is on considerably soun...
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DNDN
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Dendreon and the Criminal Capture of the FDA
-08/13/09 at 9:30 AM
CDTby Mark Mitchell
Who in the government helped sabotage Dendreon?
Despite the lobbying by the captured doctors, despite the Wall
Street whispering, despite the singing Sendek and the media mimics
— despite all of this, it still seemed likely that the FDA
would heed the advice of its advisory panel. Instead, the FDA told
Dendreon that it would not yet approve its trea...
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OSTK NYT
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Former New York Times Company Contributor Gary Weiss Banned From
Dail... -08/12/09 at
2:58 AM CDTby Reggie
Abaca
Gary Weiss, a former contributor for Forbes,
Salon and The New York (NYT) Times, has apparently been caught
writing a blog on The Daily Kos with a false name and even
discussing himself in the third person through an alter ego,
“Tom Sykes”. Andrew Perez, another blogger from
the Daily Kos has stated that administrators have banned
&ldquo...
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ERTS TTWO
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Electronic Arts CFO Says EA No Longer Interested in Take Two
Interactive -08/11/09
at 3:18 PM CDTby Perry
Rod
In response to a question at the Pacific Crest
Technology Leadership Forum in Vail, Colorado earlier today,
Electronic Arts (ERTS) Chief Financial Officer Eric Brown offered
EA's most definitive statement yet on a possible deal between Take
Two (TTWO) Interactive Inc. and EA. "That's a deal whose timeframe
has, you know, come and long gone. And so we're j...
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TBT
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"Lending" a Helping Hand [NYSE: TBT]
-08/11/09 at 12:16 PM
CDTby Brian Benton
Record debt auctions by the Treasury last week
totaled $260 billion ($109 billion in Notes - not including the
replacement of maturing securities in the Fed portfolio), including
weak offerings of 2-year and 5-year Treasury Notes on Tuesday and
Wednesday respectively. Indirect bids (some of which have
traditionally been foreign official institutions) were...
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DTSI
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DTS Inc. Provides GAAP Numbers Only, Masks Full Year Guidance
Miss -08/10/09 at 5:07
PM CDTby Peter York
Earlier today, I wrote that investors in DTS Inc
(DTSI). would likely be happy to learn about a note in Zoran
Corporation's 10-Q filing stating that they incurred an 11 million
expense "in connection with settlement of various intellectual
property disputes." I also noted that that in looking through
many Zoran reports, I could not find any other i...
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DTSI
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DTS Inc. Will Report 11 Million Dollar Settlement Gain, According
to ... -08/10/09 at
9:07 AM CDTby Peter
York
DTS Inc. (DTSI) investors may be pleased to
learn later today that a settlement between Zoran Corporation and
DTS resulted in an 11 million dollar gain for DTS. Buried in Zoran
Corp's SEC Form 10-Q filing from August 5th is the following
statement: "During the quarter ended June 30, 2009, the Company
incurred one-time costs of $11.0 million in connectio...
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GS DB
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SEC Enforcement Director Robert Khuzami Jokes About Causing The
Marke... -08/09/09 at
12:11 PM CDTby Perry
Rod
In a speech for the New York State Bar,
Securities and Exchange Commission Enforcement Director Robert
Khuzami made a joke that for some might be more telling that it is
funny. He stated: "I'm pretty proud of my own 100-day
accomplishments. So how have things changed? Before I joined the
Division in March, the Dow was struggling around 6500
points....
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GS
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Goldman Sachs Predicts the Future -08/07/09 at 12:18 PM CDTby Perry Rod
Conspiracy theorists will love this.
Yesterday, Jan Hatzius, the chief U.S. economist at Goldman Sachs
(GS) revised his forecast of job losses from 300,000 to 250,000.
The prediction was very accurate. Today, we learned that the
number turned out to be 247,000. Is it golden analysis or does
Goldman somehow own the government, as many have rec...
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OIL USO USL
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Peak Oil Driving Crude Prices -08/07/09 at 10:09 AM CDTby Reggie Abaca
With better than expected unemployment numbers
today, one would think that the supply and demand spread for crude
oil (OIL) would begin to narrow in upcoming months. After
all, economic improvement means more demand for oil, right? But
while the market celebrates the jobs report this morning, crude oil
prices are dropping. Oil traders do not a...
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DNDN
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When Dendreon Failed To Deliver -08/06/09 at 2:41 PM CDTby Mark Mitchell
On April 20, three weeks after the advisory
panel vote, and one week after Dr. Scher’s missive appeared
in The Cancer Letter, Forbes journalist Matthew Herper published a
story arguing that there was a good chance the FDA would not
approve Dendreon’s cancer treatment outright. “If the
agency wants to ask Dendreon for more data, it certa...
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DNDN
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Howard Scher's Campaign Against Dendreon
-07/31/09 at 12:16 PM
CDTby Mark Mitchell
As Dr. Scher made clear in his letter, his
concern about Dendreon was not, strictly speaking, that it
didn’t work, but that it would render irrelevant his work on
Novacea’s competing treatment, Asentar. A new phase 3 trial
to test the effectiveness of Asentar (referred to in the letter by
its medical name, DN-101) had been “designed, in...
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