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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

FLASH: S&P CUTS SPAIN TO BBB+

S&P to assess the effect of Spain’s two notch sovereign downgrade to BBB+ on Spanish issuers/banks

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FLASH: SHARES OF MDRX PLUNGE AMIDST EXODUS OF CFO AND 4 BOARD MEMBERS

Unbelievable carnage, down more than 40%.

“Our overall results were primarily affected by lower than expected sales and an unfavorable sales mix, which directly impacted revenue and profit,” said Glen Tullman, Chief Executive Officer of Allscripts. “In addition, our investments in improving client experience and accelerating product development, as well as higher than expected software development expense, also put pressure on our bottom line.

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Groupon CEO Chugs Beer; Media Throws Hissy Fit

Andrew Mason, CEO of GRPN, “chugged” a beer during a serious company meeting, which has drawn out the prohibition crowd at CNBC to ridicule him as being “immature.”

Mason delivered this message, reports Shira Ovide of the Wall Street Journal, after chugging beer from a company fridge. At one point during his presentation, his “voice broke and he said ‘Sorry, too much beer.'”

Sorry, but this is the very definition of making a mountain out of a mole hill.

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FLASH: S&P Futs +2

US futures are mildly higher, despite weakness in Asian trade. China is down more than 1.4% and Japan 0.9%

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400 Year Old Diamond Going Up For Auction at $BID

The 400-year-old “Beau Sancy,” one of the world’s oldest and most storied diamonds in private hands, is up for sale at Sotheby’s auction house. Weighing in at 34.98 carats, the sparkling gem with a rare pear cut is expected to fetch up to $4 million.

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