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Chrysler Bankruptcy, Stocks Wobble

Thu, 30 Apr 2009 21:26:34 GMT

The third largest US auto maker filed for Chapter 11. Chrysler announced it will temporarily halt most vehicle production while it completes a deal with Italian car maker Fiat to resume car production. The failure of Chrysler was expected, but when it happens it always a shock. Chrysler will still sell cars (they have plenty in inventory) & the gov would back its auto warranties. Its plants will be idled during the legal proceedings. A giant business will have its fate decided by a judge. •Chrysler Files for Bankruptcy Protection to Shed Debt, Seal Fiat Alliance Markets absorbed the news fairly well. Dow had been up 100 or so in the AM & fell, not badly, in the PM, staying near break even. Dow closed down 17, advancers ahead of[More...]

Stocks Fall After Bank of America Earnings

Mon, 20 Apr 2009 16:26:46 GMT

Stocks took a beating on more worries about the banking sector, every Dow stock is down. Dow dropped 227, decliners over advancers 7-1 & NAZ fell 55. Banks led the way down, the S&P 500 FINANCIALS INDEX is having a very bad day: Value 139.91Change -9.27 %[More...]

Markets Stage Late Day Rally

Wed, 15 Apr 2009 21:50:22 GMT

Dow tried to break thru 8K all day remaining in the 7900s for much of the day. However buying in the last hour took it over 8K. Dow closed up 109, advancers ahead of decliners 2-1 (could have been more impressive) while NAZ rose 1. The daily charts are shown in the Bigcharts widget in the right sidebar. Banks had a good day, benefiting from the late day rally. S&P 500 FINANCIALS INDEX Value 146.36Change[More...]

Markets Meander, Looking For Direction

Thu, 19 Mar 2009 15:55:00 GMT

After excitement by the Federal Reserve yesterday, markets are trying to figure out which way to go. Dow slipped 24, advancers over decliners 3-2 while NAZ is even (lingering effects from the Sun buyout has to be helping). S&P 500 FINANCIALS INDEX is giving back some of the recent gains in this confusing market. Value 122.07Change -3.94 [More...]

Master Limited Partnerships (MLPs) – An Island Of Stability For Dividend Investors

Wed, 18 Mar 2009 14:23:00 GMT

Master Limited Partnerships are limited by US Code to only apply to enterprises that engage in certain businesses, mostly pertaining to the use of natural resources, such as petroleum and natural gas extraction and transportation. They combine the tax advantages of a partnership and higher dividend yields with the day to day tradability of common stocks.MLPs consist of a general partner who manages the operations and limited partners who own the rest of the units for the partnership. Unlike corporations MLPs are not subject to double taxation.Their stocks are called units, while their dividends are called distributions. The units are very easy to buy and sell, as they trade just like any[More...]

Bear Stearns - One Year Later

Mon, 16 Mar 2009 17:04:00 GMT

This is the one year anniversary of the Bear Stearns disaster. Investors found out that a stock which had traded at 150 was being bought out for only 2. In the summer, Barney Frank reassured investors that Fannie Mae was sound even though the stock was 10 (shown over his shoulder). By the start of Sep, there were 2 political conventions & not a peep from anybody about a looming financial disaster. Mid Sep arrived & Lehman went. Now the pols caught on, there was a huge disaster out there. Enormous players such as Fannie Mae, Freddie Mac, AIG, etc. have been marginalized since then. On Mar 16 (really Mar 14 close), Dow was 11,951 & the Alerian MLP Index was 275. The Alerian MLP Index lost a third while Dow is down almost 40%. Today, Dow is up 114 while NAZ is only even. Advancers lead decliners 3-1. Market strength comes from hopes that this week the Treasury will announce useful plans to fix the broken banking system.[More...]

Stocks Try For Three StraIght Up Days

Thu, 12 Mar 2009 15:54:00 GMT

Dow gained 84 taking it above 7000, advancers over decliners 2-1 & NAZ rose 10. The S&P 500 FINANCIALS INDEX is crawling up from the depths, helped by major big bank CEOs giving pep talks to investors. Value 101.06Change 1.92 [More...]

Amazon Stakes Major Brazilian Potash Opportunity

Mon, 24 Nov 2008 15:41:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Nov. 24 /CNW/ - Amazon Mining Holding Plc (TSX-V symbol: "AMZ") ("Amazon" or the "Company") is pleased to announce it has staked a large mineral occurrence of a potash bearing rock known as verdete slate ("Verdete"), which is believed to be uniquely suited to Brazil's fertilizer needs. The Cerrado Verde project ("Cerrado Verde") consists of 84 claims covering 165,069 hectares and is located on the western part of Minas Gerais state, in the heart of the country's agricultural region.[More...]

Amazon Makes Senior Management Changes and Announces Further Cost Saving Measures

Wed, 19 Nov 2008 19:54:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Nov. 19 /CNW/ - Amazon Mining Holding Plc (TSX-V symbol: "AMZ") ("Amazon" or the "Company") has changed its corporate structure to increase entrepreneurial capacity and minimize ongoing expenditures in light of current market conditions.[More...]

Amazon Provides Madeira Gold Project Exploration Update

Wed, 22 Oct 2008 14:38:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Oct. 22 /CNW/ - Amazon Mining Holding Plc (TSX-V symbol: "AMZ") ("Amazon" or the "Company") is pleased to report that it has materially increased its title permit areas held at the Madeira Gold Project ("Madeira") located in the Rondonia and Amazonas states of Brazil. The Company has received encouraging field exploration results and has increased its exploration concession to 332,011 hectares from 202,568 hectares (see figure 1 at http://files.newswire.ca/760/Amazon_Madeira.pdf).[More...]

/C O R R E C T I O N from Source -- Amazon Mining Holding Plc/

Tue, 02 Sep 2008 19:20:00 GMT

In c8590 transmitted at 12:24e today, an error occurred in the first paragraph following the bullet points. "approximately (pnds stlg)5.1MM (Cdn$9.9MM)" should have read "approximately (pnds stlg)4.8MM (Cdn[More...]

Amazon Reports Q2 Results and Company Update

Tue, 02 Sep 2008 16:19:00 GMT

TORONTO, Sept. 2 /CNW/ - Amazon Mining Holding Plc (TSX-Venture: AMZ) ("Amazon" or the "Company") announced today its unaudited interim consolidated financial statements for the three and six-month period ended June 30, 2008. Reports indicated for the three-month period ended June 30, 2008 the net loss increased substantially to (pnds stlg)2,205,719 from a loss of (pnds stlg)43,941 compared to the three-month period ended July 31, 2007. For the six-month period ended June 30, 2008 the net loss increased to (pnds stlg)2,666,426 from a loss of (pnds stlg)130,210 compared to the six-month period ended July 31, 2007. The loss widened during Q1-2008 due to the commencement of active exploration activities late in December 2007. ...[More...]

Amazon Discontinues Terra Branca Diamond Project

Wed, 20 Aug 2008 13:27:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, Aug. 20 /CNW/ - Amazon Mining Holding plc ("Amazon" or the "Company") (AMZ: TSX-V) has elected to discontinue Terra Branca Diamond Project ("Terra Branca") located in Minas Gerais state, Brazil.[More...]

Amazon Elects to Discontinue Exploration at Lavras Gold Project

Wed, 30 Jul 2008 14:22:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, July 30 /CNW Telbec/ - Amazon Mining Holding plc ("Amazon" or the "Company") (AMZ: TSX-V) reports that it has elected to discontinue exploration at the Lavras Gold Project ("Lavras") located in Minas Gerais state.[More...]

Amazon Commences Exploration at Madeira Gold Project and Elects to Discontinue Exploration at Tocantins Gold Project

Fri, 25 Jul 2008 13:54:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ TORONTO, July 25 /CNW Telbec/ - Amazon Mining Holding plc ("Amazon" or the "Company") (AMZ: TSX-V) reports that it has elected to discontinue exploration at the Tocantins Gold Project ("Tocantins") located in Tocantins state and that exploration has commenced at the Madeira Gold Project ("Madeira") located in the Amazonas Province, Brazil.[More...]

Amazon strengthens senior management team with appointment of Mr. Jed Richardson

Thu, 19 Jun 2008 14:49:00 GMT

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, June 19 /CNW Telbec/ - Amazon Mining Holding Plc ("Amazon" or the "Company") (AMZ: TSX-V) is pleased to announce the appointment of Mr. Jed Richardson as Vice President Corporate Development.[More...]