Carson Block Throws in the Towel on Chinese Frauds [VIDEO]

Carson Block, founder of Muddy Waters Research, spoke with Bloomberg Television's Stephanie Ruhle and Tom Keene on "Market Makers" today about his report on Olam International and said that he's lost interest in betting against Chinese stocks. Block, who comparedOlam International Ltd (SGX:O32) to Enron, said, "China has gotten harder in [...]

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Ralcorp to be Acquired by ConAgra Foods For $6.8 Billion

  ConAgra Foods and Ralcorp announced today they have come to an agreement for ConAgra to acquire Ralcorp for $5 billion ($6.8 billion when debt is included) – the equivalent of $90 per share. The deal, which has been in the pipeline for 20 months, makes ConAgra the biggest private label [...]

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Carson Block: Olam Accounting is 'Incompetent', Similar to Enron [VIDEO]

Muddy Waters' Carson Block is on Bloomberg this morning discussing his latest short case, Olam International. Block also discusses the importance of short-sellers in the market, he also discusses the firm's strategy for short selling. He is valuing Olam as a liquidation basis because he expects the company to [...]

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Muddy Waters Compares Olam to Enron [VIDEO]

Muddy Waters' Carson Block’s says that believing Olam International Ltd.’s accounting requires a “leap of faith.” He compares Olam to Enron in this Bloomberg interview. Olam which has sued Muddy Waters is issuing debt to pay for the lawsuit against the famous research firm. The two videos are embedded below:

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SAC And The Curse Of The Expert Networks

SAC Capital  has been dragged through the courts in recently. One of the company's former portfolio managers is accused of involvement in what's been called the most lucrative insider trading scheme of all time. The manager, Matthew Martoma, was granted bail on a bond of $5 million today after [...]

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Morning News: Z, DG, NVO, LVS, ADT, CAG, RAH, DDS, PLCE, STO, XOM, CS

Morning Market Update  Market Levels US:  Dow: 12927.00 (-0.07%), S&P 500: 1404.20 (0.06%), NASDAQ: 2650.25 (0.17%) Europe: CAC: 3501.10 (0.00%), DAX: 7319.58 (0.38%), FTSE: 5799.39 (0.22%). Asia-Pacific: Australia: 4456.80 (0.74%), China: 1991.17 (-1.32%), Hong Kong: 21844.03 (-0.08%), India: 5727.45 (1.62%), Japan: 9423.30 (0.36%). Metals: Gold: 1748.00 (-0.09%), Silver: 34.12 (-0.05%), Copper: 3.54 (0.08%) Energy: [...]

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Green Mountain Coffee Roasters: A Real Guide to Earnings

  Green Mountain Coffee Roasters is reporting earnings today after the market close. Here are a few thoughts and questions on LST’s mind for the earnings release: For the Quarter and Full Year: Will Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) (finally) go cash flow positive this year? Will cash flow from operating activities turn [...]

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Apple Inc. (AAPL) May Have Climbed To The Top Of The Tree

Apple Inc. (NASDAQ:AAPL), a company known for its expectation defying growth in the last decade, may have reached a peak. That appears to be the opinion of Citigroup Inc. (NYSE:C) analysts who re-initiated coverage on the company with a new report yesterday. The report puts a buy rating on the [...]

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Post-Market News: GOOG, WMT, KCG, NOK, APO, JNJ, CW, MHP, DECK, RTN

Post Market Update   Market Levels •    US:  Dow: 12967.40 (-0.33%), S&P 500: 1405.32 (-0.27%), NASDAQ: 2976.78 (0.33%) •    Europe: CAC: 3500.94 (-0.80%), DAX: 7292.03 (-0.23%), FTSE: 5786.72 (-0.56%). •    Asia-Pacific: Australia: 4424.20 (0.25%), China: 2017.46 (-0.49%), Hong Kong: 21861.81 (-0.24%), India: 5635.90 (0.17%), Japan: 9388.94 (0.24%). •    Metals: Gold: 1749.60 (-0.10%), Silver: 34.14 (0.06%), [...]

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Celtic Plc: A Look at Valuation and Growth Potential

Celtic plc. Introduction: Celtic plc (LON:CCP) operates a professional football club and provides all on-field related activities for the team. The Company derives its revenues from gate receipts, season tickets, team sponsorship, advertising, publishing, merchandise sales and donations. Stock Snapshot: As of Nov 26’ 2012, the stock for Celtic plc (LON:CCP) stood at [...]

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Equity Flows Into Japanese Funds And Out Of US Ones

Deutsche Bank AG (ETR:DBK) (FRA:DBK) (NYSE:DB) has released its latest report on the flows of funds around the globe. The report highlights some interesting patterns, the most prominent of which is the flow of capital out of funds investing in equities in the United States and into those that [...]

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Knight Capital Group Sale Rumors: What is the Company Worth?

After rumors started this past weekend of a potential sale, shares of Knight Capital Group Inc. (NYSE:KCG) are actively trading on Monday. As of 3:00 p.m. ET, the stock is up 18.07 percent, trading at $2.94. On Saturday, the Wall Street Journal reported that the firm was holding talks to potentially [...]

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A List of the CEOs to Meet with The GOP Regarding the Fiscal Cliff

Goldman Sachs Group, Inc. (NYSE:GS) Chief Executive Officer Lloyd Blankfein among CEOS to meet with White House Wednesday for fiscal cliff meeting, according to FOX Business Network. FOX Business Network (FBN) reports that Goldman Sachs Chief Executive Officer Lloyd Blankfein is among the list of CEOs who will meet with House [...]

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Is Carson Block Planning A Muddy Waters Hedge Fund?

Carson Block, founder of the research firm Muddy Waters, responded to speculations that he might launch his own hedge fund today. The famed short seller admitted that starting his own hedge fund was something he had been considering for some time. Block responded to questions about a possible hedge [...]

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QE3 May Actually be Harming the Economy: Citi

The Federal Reserve’s third round of quantitative easing is still young, but that hasn’t stopped the major investment firms from analyzing it. The consensus so far is that the program isn’t working as well as might have been expected. Some analysts actually believe the program is the reason for [...]

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ConocoPhilips Sale Raises Kazakh-Indian Pipeline Question

ConocoPhilips (NYSE:COP) has sold its stake in one of the world's largest oil fields. The company announced today that it was parting with its 8.4 percent stake in the Kashagan oil field, the largest oil field discovery since 1968. The firm will sell the share to Indian firm, Oil [...]

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Union Bank Rolls Out "Banking By Design"

Recently, Union Bank, introduced a new way for customers to bank via a checking account called Banking By DesignSM . They can now design a personal checking account to meet their individual needs through numerous options--some come at a cost and some don't, according to a company press release. Banking by [...]

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