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Monthly Archives: May 2009

Sunset

Japan: Unemployment Still The Rub

Posted: May 29, 2009 at 4:51 am

Unemployment in Japan moved up to 5% in April. That may not seem like much to Americans, but in the world's second largest economy it is like a 10% figure ...
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Winter

Verizon (VZ) Makes A Play To Be King Of All Wireless

Posted: May 29, 2009 at 4:39 am

Verizon Wireless (VZ)(VOD) plans to flank the AT&T (T) Apple (AAPL) iPhone marketing plan by any means available. It will launch versions of the Palm (PALM) Pre, which has to ...
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bear

What About Ford (F)?

Posted: May 29, 2009 at 3:50 am

Chrysler is well on its way through the Chapter 11 process. The media has pointed out that even if everything goes as planned Chrysler has a line of vehicles that ...
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bank

The Minimum, Minimum Wage

Posted: May 29, 2009 at 3:41 am

It is un-American to pay workers a pauper’s wage, and it is un-American to mandate that a company must pay an employee more than his work is worth. The debate ...
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newspaper

Media Digest 5/29/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 29, 2009 at 2:57 am

Reuters:   GM (GM) is close to bankruptcy after a deal with bondholders. Reuters:   Banks are lobbying Washington on derivatives rules. Reuters:   Dell's (DELL) profits fell but beat estimates. Reuters:  Iacocca will ...
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Sunset

Asia Markets 5/29/2009

Posted: May 29, 2009 at 2:22 am

Markets in Asia were higher with Shanghai closed. The Nikkei rose .8% to 9,523. The Hang Seng was up 1.7% to 18,196. At the open in Europe, the FTSE was ...
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Dell Logo

Dell Calls For Powerful Replacement Cycle (DELL)

Posted: May 28, 2009 at 3:11 pm

Dell Inc. (NASDAQ: DELL) has just reported earnings of $0.24  EPS on $12.342 billion in revenue.  Thomson Reuters had estimates at $0.23 EPS and $12.66 billion in sales.  The main ...
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Burning Money Pic

GM Not Government Motors, Goner Motors (GM)

Posted: May 28, 2009 at 12:27 pm

General Motors Corporation (NYSE: GM) is getting closer and closer to what is an obvious bankruptcy with the June 1 deadline looming.  This morning came the news that GM's bondholders ...
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Leveraged ETF’s Weigh Bank Preferred Redemptions (FAS, FAZ, UYG, SKF, PGF, BAC, JPM, WFC, GS, C)

Posted: May 28, 2009 at 11:27 am

The triple-leverage financial ETFs of Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) are getting to deal with yet another potential ...
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Refinery Image

Oil Inventories Plummet, Regardless of OPEC Production Targets (USO)

Posted: May 28, 2009 at 10:14 am

OPEC had noted that it would keep production levels unchanged, but also argued for a $75 ideal oil price.  Whether or not the cartel that does not want to be ...
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Refinery Image

Kuwait, Sinopec Building New Refinery in China (SNP, RDS-A, DOW)

Posted: May 28, 2009 at 9:39 am

The Kuwaiti state oil company, Kuwait Petroleum Corporation, and China Petroleum and Chemical Company, known as Sinopec, (NYSE: SNP) are well along on plans to build a new 300,000 barrel ...
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Burning House Image

Notions of Housing Recovery Only Seem Relative To Price (XHB)

Posted: May 28, 2009 at 9:25 am

The Commerce Department data for April's new home sales looks good on the surface, but there are perhaps more problems than there are winners here.  On an annualized basis, there ...
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Money Stack Image

Battery Maker Rakes in $10 Million Funding (ABAT)

Posted: May 28, 2009 at 9:05 am

Chinese lithium-ion battery maker Advanced Battery Technologies, Inc. (NASDAQ: ABAT) will sell $10 million worth of preferred stock and warrants to three institutional investors. The warrants, which are 180-day Class ...
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Solar Panel Pic

Trina, A Bit of Sunshine in the Solar Space (TSL)

Posted: May 28, 2009 at 8:29 am

Another Chinese integrated PV solar maker, Trina Solar Limited (NYSE:TSL) has reported less than was expected for its first quarter 2009. The net loss per fully diluted ADS was -$0.42, ...
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XBOX Logo

Ahead of E3, Microsoft Shows 30 Million Xbox 360 Users (MSFT)

Posted: May 28, 2009 at 8:23 am

Microsoft Corp. (NASDAQ: MSFT) is making some strong projections and updates for its Xbox video gaming system.  The company noted that global sales of the Xbox 360 unit have now ...
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