Daily Archives: November 19, 2008

Google (GOOG): More Sneaky By The Day

GoogGoogle (GOOG) is sending spies to Procter & Gamble (PG) to see how the big package goods company makes marketing plans and spends its $8 billion advertising budget. That is a lot of intelligence for an internet firm to get when more traditional TV and print are still the major media outlets for the sale of soap and razors.

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Posted on: November 19, 2008 – 5:38 am in Media, ,

Citigroup (C) Continues To Hang Its Own Noose

DataCitigroup (C) CEO Vikram Pandit may have simply locked himself in the executive washroom and thrown away the key. No one has anything encouraging to tell him and if he does not come out, no one can fire him without slipping a note under the door.

The bank revealed that it was closing yet another hedge fund after its had lost 53% of its value in one month. So much for the new risk management systems that Pandit has put in.

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Posted on: November 19, 2008 – 5:23 am in Banking,

Media Digest 11/19/2008 Reuters, WSJ, New York Times, FT, Bloomberg.

NewspaperAccording to Reuters, Toyota (TM) cut production and Nissan was downbeat about its prospects.

Reuters reports that if a new CEO at Yahoo! (YHOO) wants to be well-regarded by shareholders, he or she must be willing to do a deal with Microsoft (MSFT).

Reuters reports that oil is trading steady around $54.

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Posted on: November 19, 2008 – 3:57 am in Press Digest, , , , , , , , , , , , , , , ,

Asia Market and Europe Open 11/19/2008 (BCS)

BritMarkets in Asia were mostly lower.

The Nikkei fell .7% to 8,273.Mitsubishi Corp fell sharply.

The Hang Seng was off ,4% to 12,859.

The Shanghai Composite was up 6.1% to 2,018.

At the open, the FTSE fell .6% to 4,185. Barclays (BCS) was down over 4% The Dax lost .3% to 4,563.

Data from Reuters.

Douglas A. McIntyre

Posted on: November 19, 2008 – 3:19 am in International Markets,