Wednesday, July 15, 2009

Two hours into the day

AlphaNinja - Markets are up big on Intel earnings. Nasdaq up almost 3%. CIT (CIT) is in talks to receive government help -->> while the shares are trading down (could be huge equity dilution in a government deal), the market has to like the prospect of support for this critical lender to American businesses.

Among winners, Gannett (GCI) surprised many with an earnings beat, some positive news for the long-suffering newspaper industry.

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