It felt as if negotiations would go on for an eternity, with months of stalling: search this site for 'Opel bid' and the stories of stops and starts come thick and fast.  Now, just as it seemed that the deal was finally coming to a close, comes the spectacular announcement that GM will not in fact sell off its loss-making European unit Opel to the consortium of Canadian part-maker Magna and Russia's Sberbank, preferring to restructure it itself as the economic climate warms.  German Chancellor Angela Merkel, who had pledged €4.5bn in loans may well be fuming and apparently Prime Minister Putin has chimed in with his consternation over the abortive deal, which had promised ...

Dr Stock Pick HOT News & Alerts!

_______________________________________

FREE Daily Stock Alerts From DrStockPick.com

_______________________________________

Tuesday November 3, 2009

DrStockPick.com Stock Report!

**************************************************************

Power3 Medical Products, Inc. (OTCBB: PWRM), a leader in neurodegenerative disease and cancer biomarkers and diagnostic tests, announces further international recognition of validity as the company’s President and CSO, Dr. Ira Goldknopf, will deliver an invited Keynote address and chair a session on “Biomarkers and Diagnostics in Personalized Medicine (Track 6-4),” at the BIT Life Sciences 2nd International Congress and Expo of Molecular Diagnostics in Beijing, China, November 19-21, 2009. The Theme of the meeting is “New Leadership

...

Well, I never thought I would have to wait very long to get some confirmation of my last post on things that could go bump in the night in France, but even I wasn't expecting confirmation of what I was trying to get at so quickly. Now, according to a href="http://www.ft.com/cms/s/0/f7e77b94-c2e0-11de-8eca-00144feab49a.html"Frank Atkins in The Financial Times this morning/a:br /blockquoteThe eurozone has reported the first year-on-year fall in bank lending to the private sector, strengthening the case for the European Central Bank to maintain its ultra-loose interest rate policy. The latest eurozone credit statistics indicated lending had been scaled back at an unprecedented pace, even though signs have become stronger that the 16-country region’s economy has stabilised./blockquotebr /br /What are we talking about here?br /br /Basically bank lending to the euro area private sector shrank by an annualised 0.3 percent in September, according to the European Central Bank's monthly report, making ...

Whoever would have thought that some people once called economics the most dismal of sciences? Certainly, as the current crisis goes on and on, those of us who consider ourselves to be economists scarcely are able to find the time to squeeze in a dull moment, even here and there. But even at a broader level, interest in that most dismal of dismal topics - the theory and practice of central banking - seems now to fire up levels of enthusiasm here in Spain that make even the appetising prospect of a forthcoming Real Madrid-Barça football match pale in intensity. Even if it is the case, I have to admit, that the everyday Johnny (or Jill) come lately sitting in the bar still - truth be told - prefers the sports columns of the daily newspapers, or the lacivious details of the latest romantic adventure of one of the rich ...

Whoever would have thought that some people once called economics the most dismal of sciences? Certainly, as the current crisis goes on and on, those of us who consider ourselves to be economists scarcely are able to find the time to squeeze in a dull moment, even here and there. But even at a broader level, interest in that most dismal of dismal topics - the theory and practice of central banking - seems now to fire up levels of enthusiasm here in Spain that make even the appetising prospect of a forthcoming Real Madrid-Barça football match pale in intensity. Even if it is the case, I have to admit, that the everyday Johnny (or Jill) come lately sitting in the bar still - truth be told - prefers the sports columns of the daily newspapers, or the lacivious details of the latest romantic adventure of one of the rich ...

This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.

• Evans-Pritchard (Telegraph): German “wise men” fear credit crunch in 2010, October 15, 2009. Germany’s leading institutes have warned that the pace of economic recovery is “unsustainable” and that the country’s banks may face a fresh crisis over the next year as bad debts surface in earnest.

• Lasse Heje Pedersen (NYU Stern School of Business): When everyone runs for the exit, August 2009. The dangers of shouting “fire” in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features …

• Anthony Bolton (Financial Times): Are developed or emerging markets the future of investing? October 16,

...

Early Wednesday afternoon, Merck announced that they have made a decision of research collaboration with Galapagos NV. The news about the research collaboration had positive responses from analysts and the shares of Merck went up shortly after the announcement was made. Building on the deal struck at the very beginning of the year, Merck has boosted its commitment on milestones for new atherosclerosis therapies for more than 400 million Euros. Galapagos NV was founded ten years ago as a joint venture between Crucell and Tibotec. The company has always adopted hybrid business model and have come up quickly raising funds through private placements and public offerings.

As per the strategic alliance between Merck and Galapagos for the development of new therapies for atherosclerosis, Galapagos VN will be responsible for the discovery

...

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

DrStockPick.com Watch List!

My Picks for Friday October 16, 2009, are:

**************************************************************

HSC, Harsco Corp.

HSC is a diversified industrial services company serving global industries that are fundamental to worldwide economic growth, including infrastructure, metals, railways and energy.

HSC is recognized as one of the Fortune 1000 leading companies in America and has been named five times to the Platinum 400 list of the best big companies by Forbes magazine.

HSC signed a new, multi-million dollar supply contract which expands its business with a major asphalt shingle manufacturer in the United States.

**************************************************************

ACAS, American Capital, Ltd.

ACAS, both directly and through its global asset management business,

...

Nokia Corp. (NOK) today declared financial results for the third quarter of fiscal 2009. Total revenue of Euro 9.8 billion was a decrease of 19.8% year-over-year as well as down 1% sequentially. The significant decline in year-over-year revenue is the result of the global economic recession and an extremely challenging market environment for the company’s Mobile Devices and Services segment as well as the telecom infrastructure development segment of Nokia Siemens Network. Net loss in the third quarter was Euro 559 million or a loss of Euro 15 per share, compared to a net income of Euro 1,087 million (an income of Euro 29 per share) in the prior-year quarter. Nokia incurred a massive loss in the reported quarter due to a whopping Euro 1,167 million of non-cash impairment charge. Out of this, Euro 908 million was expensed as the goodwill impairment charges for the Nokia Siemens ...

Its almost comical to see the big banks coming out of the woodwork with their opinions on how high gold is going to go now. If you are a trader (I am not) maybe that means its time for a little pullback. Certainly is alot of confidence oozing from this article. Gold, ‘Off The Charts’, May Target $1,500: Technical Analysis By Glenys Sim Oct. 7 (Bloomberg) — Investors should hold onto long positions in gold as bullion has “significant upside potential” to reach as high as $1,500 an ounce, Barclays Capital said, citing trading patterns. “Having rallied ‘off the charts’, we are left to resort to projections and extrapolated trendlines to forecast where the move might stop,” Jordan Kotick, global head of technical analysis at Barclays Capital, wrote in a note e-mailed today. So-called trendlines are used to determine momentum and are found ...