Quantcast

Monthly Archives: May 2009

Burning Money Pic

Retail Sales Drop As Import Prices Rise

Posted: May 13, 2009 at 7:46 am

Equity futures just tanked on economic reports coming in worse than expected.  Retail sales for the month of April were  -0.4%, which is worse than the +0.1% that economists were ...
Read Full Story »

Top 10 Analyst Upgrades & Downgrades (ANF, CE, FLEX, FCL, HD, HMIN, LNC, MRO, OSG, SON)

Posted: May 13, 2009 at 6:27 am

These are ten of the top analyst upgrades and downgrades from Wall Street we have seen early this Wednesday morning with more than two hours until the market opens for ...
Read Full Story »
newspaper

New Obama Plan: Monitor Pay Of Everyone On Wall St.

Posted: May 13, 2009 at 5:21 am

According to The Wall Street Journal, the Administration is looking at a plan to drive the last talented person out of the financial industry. The paper writes that "The Obama ...
Read Full Story »
bank

Intel (INTC), Finally Fined By The EU, Faces Years Of Litigation

Posted: May 13, 2009 at 5:07 am

The EU finally fined Intel (INTC) for anti-competitive behavior and the amount of the fine was staggering--$1.44 billion. Intel has been accused of using pricing and special rebates to undermine ...
Read Full Story »
bear

Foreclosures Soar In April

Posted: May 13, 2009 at 4:55 am

Foreclosures took a frightening jump up in April. A report from RealtyTrac says that the number moved up 32% over April of last year and hit 342,038.  Homes defaults and ...
Read Full Story »
bank

Stress Testing Banks In Europe

Posted: May 13, 2009 at 4:35 am

The FT reports that the IMF wants to stress test banks in Europe. For the governments of the EU and UK move ahead with such a program, they will have to overcome ...
Read Full Story »
bank

Will Renting Be The Undoing Of Home Prices?

Posted: May 13, 2009 at 4:12 am

CNBC ran a brief segment on the number of people who have decided to rent homes and apartments rather than buy them.  The point of the reporting was simple. People ...
Read Full Story »
bear

The Great Social Security And Medicare Panic

Posted: May 13, 2009 at 4:05 am

Every major newspaper and online news service carried that same headline, perhaps all written by the same copy desk: “Medicare And Social Security Face Insolvency." Cynics said that the announcement ...
Read Full Story »
newspaper

Media Digest 5/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 13, 2009 at 3:07 am

Reuters : Intel (INTC) said its results are running better than expected. Reuters :  The government is looking at a pay overhaul in the financial sector. Reuters: Economic woes are ...
Read Full Story »
Sunset

Asia Markets And Europe Open 5/13/2009

Posted: May 13, 2009 at 2:29 am

Markets in Asia were mostly higher. The Nikkei was up .5% to 9,340. The Hang Seng rose .3% to 17,201. The Shanghai Composite rose 1.7% to 2,664. At the open ...
Read Full Story »
bear

The Ten Biggest Tech Failures Of The Last Decade

Posted: May 12, 2009 at 8:46 pm

Several of the best-funded and most-publicized tech launches of the last ten years have ended in failure. Many large technology companies which had significant market share and product advantages in ...
Read Full Story »
Intel Logo

Live Intel Coverage: Forget Bottoming, Actually More Improvements (INTC, TSM, AMD)

Posted: May 12, 2009 at 5:37 pm

Intel Corp. (NASDAQ: INTC) had already given the indications that the tech market was bottoming out.  At today's investor meeting, CEO Paul Otellini, said hat he believes conditions seem to ...
Read Full Story »
bear

Trouble For Yahoo! (YHOO): Google (GOOG) Gets Better

Posted: May 12, 2009 at 4:30 pm

Yahoo! (YHOO) is running out of time in its attempts to remain a relevant part of the global search industry both on PCs and mobile devices. Recent Hitwise data shows ...
Read Full Story »

Medicare Shoots Down Virtual Colonoscopy Reimbursement (GE, SI)

Posted: May 12, 2009 at 4:26 pm

Today was a big day for the world of colonoscopies and the battle in detecting colon cancer and polyps.  The Center for Medicare and Medicaid Services issued a final decision ...
Read Full Story »
Burning Money Pic

Applied Materials, Atrocious Is Good Enough

Posted: May 12, 2009 at 3:32 pm

Applied Materials Inc. (NASDAQ: AMAT) gave nothing short of a crummy earnings report.  It was actually a loss report.  The chip equipment company posted a non-GAAP loss of $136 million, ...
Read Full Story »