Financial News from Closing Bell from 8/11/2009

Strayer Education, Incorporated (STRA) Discussed on CNBC's Closing Bell

Strayer Education, Incorporated is in the news. Find out how this impacts STRA trading on Ockham Research.

>> wrups hearing of baseball star turned investor lenny dykstra just wrapping up prosecutors arguing his chapter 11 filing should be a chapter 7. Jane wells is live outside the courthouse where we justb)STRA >> actually, it's a creditor and the trustee. Lenny dike bought himself extra innings as a judge put off for three weeks a decision whether to turn his chapter 11 bankruptcy reorganization into a liquidation. One of his creditors claimed dykstra lied saying his mansion is insured when it wasn't. There's some dispute about that. The judge wants proof of insurance by september 1st. More importantly, we want dykstra to prove he's got a plan

“… enny dike bought himself extra innings as a judge put off for three weeks a decision whether to turn his chapter 11 bankruptcy reorganization into a liquidation. One of his creditors claimed dykstra lied saying his mansion is insured when it wasn't. There's some dispute about that. The judge wants proof of insurance by september 1st. More importantly, we want dykstra to prove he's got a plan …”

Strayer Education, Incorporated (STRA) Discussed on CNBC's Closing Bell

Strayer Education, Incorporated is in the news. Find out how this impacts STRA trading on Ockham Research.

Off more of those, now now it's a little more challenging. >> time is going to heal a lot >> always does whether it's banking, love, et cetera. Guys, good to see you. >> former baseball star turned investor lenny dike STRA is in bankruptcy court today. Jane wells just spoke with him details when we come back.

“… ne wells just spoke with him details when we come back. …”

Intercontinental Hotels Group PLC Shs American Deposit Receipt Repr 1 Sh (IHG) Discussed on CNBC's Closing Bell

Intercontinental Hotels Group PLC Shs American Deposit Receipt Repr 1 Sh is in the news. Find out how this impacts IHG trading on Ockham Research.

Some of the markets have allowed it to return to growth sooner than rivals. Taking a look at shares of jetblue higher by 4.5%, to $5.34 a share. INTERCONTINENTAL HOTELS swinging to a loss after gaining 1$101 million a year ago because it had to write down the value of some properties this year. The owner reporting a 19% drop in revenue per available room. $12.04 a share. Crude tumbling $1.15 a barrel or 1.5% to close at $69.45 because of the market pullback and expectations the government will report another big rise in weekly inventory supplies tomorrow. Coming up, the chairman of xto energy tells us where he thinks

“… the value of some properties this year. The owner reporting a 19% drop in revenue per available room. $12.04 a share. Crude tumbling $1.15 a barrel or 1.5% to close at $69.45 because of the market pullback and expectations the government will report another big rise in weekly inventory supplies tomorrow. Coming up, the chairman of xto energy tells us where he thinks …”

QLogic Corporation (QLGC) Discussed on CNBC's Closing Bell

QLogic Corporation is in the news. Find out how this impacts QLGC trading on Ockham Research.

Let's take a look at some of the day's research calls. The latest upgrades and downgrades. QLOGIC upextra graded to center perform because of an expansion in profit margins and stronger demand due to a new intel product. Yum brands downgraded to neutral from buy at ubs. Analysts concerned about sluggish sales that the owner of the fast food chains. And dnagy cut. >> and michelle, it's such a critical time for investors weigh thought we would bring back in the two davids, david darst, chief investment

“… rom buy at ubs. Analysts concerned about sluggish sales that the owner of the fast food chains. And dnagy cut. >> and michelle, it's such a critical time for investors weigh thought we would bring back in the two davids, david darst, chief investment …”

Petrohawk Energy Corporation (HK) Discussed on CNBC's Closing Bell

Petrohawk Energy Corporation is in the news. Find out how this impacts HK trading on Ockham Research.

Pressure for cleaner environment and energy independence, that -- and I think the u.S. Economy will pick up as well come maybe late third, fourth quarter. I think you're going to zero bust gas prices and the shell players, the low cost producers are going to be the winners in that environment, both PETRO HAWK and range. >> 25 million new shares. You're raiseing capital. What are you going to do with the money? >> well, it was a mainly being used for acquisitions in our key areas and a little bit of a safety factor given the current softness in the natural gas >> you think you could could have raced this capital four or five months ago or is the rebound in the markets helping >> clearly the rebound in the market has helped a tremendous four or five months ago, I wouldn't have tried.

“… to be the winners in that environment, both PETRO HAWK and range. >> 25 million new shares. You're raiseing capital. What are you going to do with the money? >> well, it was a mainly being used for acquisitions in our key areas and a little bit of a safety factor given the current softness in the natural gas >> you think you could could have raced this capital four or five months ago or is the rebound in the markets helping >> clearly the rebound in the market has helped a tremendous four or five months ago, I wouldn't have tried. …”

Petrohawk Energy Corporation (HK) Discussed on CNBC's Closing Bell

Petrohawk Energy Corporation is in the news. Find out how this impacts HK trading on Ockham Research.

Further than expected in its latest forecast. Joining us now is floyd wilson, chairman and ceo of PETRO HAWK be energy. Guys, good to see you. Mr. Wilson, opec says demand is going to be even lower next year than people thought, which is already pretty low. Is that your assessment of the energy demand in the world, as >> you know, michelle, PETRO HAWK is so deeply involved in the natural gas business about, 95% natural gas, probably don't have as good a read on that as you might think being in the energy business. >> what do you see in terms of natural gas demand then? >> natural gas demand has gone through a turnaround the past demand is down due to recession and supplies are up because of the success in these great she'll plates in the united so we're expecting, i'm expecting prices to be soft for a bit longer. There have been enough rig cuts,

“… w. Is that your assessment of the energy demand in the world, as >> you know, michelle, PETRO HAWK is so deeply involved in the natural gas business about, 95% natural gas, probably don't have as good a read on that as you might think being in the energy business. >> what do you see in terms of natural gas demand then? >> natural gas demand has gone through a turnaround the past demand is down due to recession and supplies are up because of the success in these great she'll plates in the united so we're expecting, i'm expecting prices to be soft for a bit longer. There have been enough rig cuts, …”

Advanced Battery Technologies, Incorporated (ABAT) Discussed on CNBC's Closing Bell

Advanced Battery Technologies, Incorporated is in the news. Find out how this impacts ABAT trading on Ockham Research.

Deal with alternative energy a couple of them, listen, ener 1 is a 24-year-old company seemingly getting a hit I also want to point out advanced ABAT is a chinese company based in new york with a lot of business over there. If you want to diversify, that's one. Fossil, guidance lower than expectations down 9%. Let's see how the trade is going down at the nymex with matt >> the trade here saw the price of oil falling for the fourth straight day. We almost broke through $68 a t barrel. We firmed up as the dollar weakened today. It looked like we're going to have a strong dollar. As that trade turned it, so did the oil trade. We finished down about $1.25

“… s one. Fossil, guidance lower than expectations down 9%. Let's see how the trade is going down at the nymex with matt >> the trade here saw the price of oil falling for the fourth straight day. We almost broke through $68 a t barrel. We firmed up as the dollar weakened today. It looked like we're going to have a strong dollar. As that trade turned it, so did the oil trade. We finished down about $1.25 …”

Teekay Corporation (TK) Discussed on CNBC's Closing Bell

Teekay Corporation is in the news. Find out how this impacts TK trading on Ockham Research.

Even if you look at oil shipping stocks here, this group has gone nowhere throughout the summer. Tanker rates for shipping oil remain depressed on weak demand and they've underperformed the whole market. TEEKAY, tsakos, have gone nowhere this summer. The market is looking like, the dow jones industrial average we're coming off the lows. Most of the declines due to the four big financials in there. Look at stocks like 3m, dupont, united technologies all on the upside. If weekend anywhere near positive, I mean 20 or 30 points to the downside, this would be a clear victory for the bulls given the weakness we saw in financials and energy stocks. Trader talk.Cnbc.Com. Brian, maybe you can give the dow a helping hand here.

“… market is looking like, the dow jones industrial average we're coming off the lows. Most of the declines due to the four big financials in there. Look at stocks like 3m, dupont, united technologies all on the upside. If weekend anywhere near positive, I mean 20 or 30 points to the downside, this would be a clear victory for the bulls given the weakness we saw in financials and energy stocks. Trader talk.Cnbc.Com. Brian, maybe you can give the dow a helping hand here. …”