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Monthly Archives: April 2009

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In A Race For The Economic Bottom, EU Pulls Ahead Of US

Posted: April 30, 2009 at 5:19 am

The US may have believed it had cornered the market for economic misery with back-to-back quarterly GDP drops of over 6%. But, Europe refuses to be bested. What it may ...
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bank45

A Government Bailout For IPOs

Posted: April 30, 2009 at 5:02 am

The venture capital community has made a self-serving request of the federal government, but is may not be entirely without merit. The industry's trade association "called for lower taxes and ...
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oil11

Bondholders Ditch GM (GM) And Chrysler

Posted: April 30, 2009 at 4:42 am

Nearly everyone who could keep GM (GM) and Chrysler out of Chapter 11 has gone along with supporting  painful restructuring plans. The UAW and managements at the two companies have ...
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bank44

Ken Lewis Keeps His Day Job (BAC)

Posted: April 30, 2009 at 4:26 am

Ken Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman's role from the CEO's and the bank's board was forced to ...
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bear45

The Fed: Things Will Get Better, If Everything Goes As Planned

Posted: April 30, 2009 at 3:56 am

The market continues to stage an improbable rally which should have been affected by concerns about the spread of the Swine flu virus and the fact that several large American ...
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Starbucks And The Resurrection Of The Middle Class

Posted: April 30, 2009 at 3:46 am

Consumer spending by America’s large middle class is an important indicator of economic recovery.  GDP numbers from last quarter and opinions from the Federal Open Market Committee may not be ...
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newspaper29

Media Digest 4/30/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 30, 2009 at 2:51 am

According to Reuters, Bank of America (BAC) shareholders voted to separate the chairman and CEO roles and Ken Lewis was replaced as chairman. Reuters reports that talks to keep Chrysler ...
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winter18

Asia Markets 4/30/2009

Posted: April 30, 2009 at 2:20 am

Markets in Asia rallied The Nikkei rose 3.9% to 8,826. The Hang Seng was up 3% to 15,408. The Shanghai Composite rose .4% to 2,478. A the open in Europe, ...
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ETF Watch: What Happened In iShares MSCI Taiwan Index? (EWT, TWN, TFC, FXI)

Posted: April 29, 2009 at 4:01 pm

Today was one of the strangest days ever in the iShares MSCI Taiwan Index (NYSE: EWT) ETF.  In fact, you rarely ever see such trading action as we saw today ...
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newspaper28

Chrysler Going Bankrupt

Posted: April 29, 2009 at 3:33 pm

Bloomberg  reports that Chrysler is going bankrupt. "President Barack Obama plans to announce tomorrow that Chrysler LLC will be placed into Chapter 11 bankruptcy, leading to an alliance with Italian ...
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Visa Numbers Looking Good Enough Ahead (V, MA)

Posted: April 29, 2009 at 3:28 pm

Visa, Inc. (NYSE: V) has posted earnings of $0.71 EPS and $1.6 billion in net operating revenues.  Thomson Reuters had estimates at $0.64 EPS and $1.61 billion in revenues.   This ...
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bear44

Starbucks (SBUX) Spills The Beans As Sales Drop

Posted: April 29, 2009 at 3:24 pm

Revenue for the last quarter fell at Starbucks (SBUX) by 8% to $2.33 billion. Net earnings fell 77% to $25 million and earnings per share were down by the same percentage to ...
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Confusing Buffett & Berkshire Hathaway’s 2009 Annual Meeting & Earnings Dates (BRK-A)

Posted: April 29, 2009 at 2:14 pm

There appears to be some over-reporting around the upcoming earnings date of Berkshire Hathaway, Inc. (NYSE: BRK-A) ahead of this weekend's highly anticipated annual shareholder meeting.  The media is reporting ...
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Fed Takes Less Negative Stance On Economy

Posted: April 29, 2009 at 1:27 pm

The FOMC has said that it will leave the target Fed Funds Rates between 0.00% to 0.25%.  The group also noted that the decision was unanimous and said that the ...
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Yum Chairman/CEO Novak Pockets $30M More In Stock Options (YUM)

Posted: April 29, 2009 at 12:29 pm

If you think that high compensation and getting rich on stock options was only in technology companies or on Wall Street, that is not the case.  David Novak, Chairman & ...
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