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Daily Archives: June 4, 2009

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United (UAUA) Doubles Down

Posted: June 4, 2009 at 5:07 am

The International Air Transport Association says that its forecast that the world's airlines will loss $4.7 billion this year appears to be much too low. Passenger and freight loads ...
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Winter

Wal-Mart (WMT) Becomes The Nation’s New Employment Agency

Posted: June 4, 2009 at 4:46 am

Many big-box retailers including Best Buy (BBY), Target (TGT), and Costco (COST) are struggling as the recession beats down their same-store sales. General retailers such as Sears (SHLD) are not ...
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bank

Regulating Risk Is Risky Business

Posted: June 4, 2009 at 4:35 am

"Certainly do not give a systemic regulator the job of determining when the next financial crisis will hit,"  Alan Greenspan said in a speech at the American Enterprise Institute. The federal government ...
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bear

Unemployment May Not Turn A Corner

Posted: June 4, 2009 at 3:52 am

The ADP number for jobs lost last month was 532,000. It was better than any month since November but worse than what many analysts had expected. Economists predict the unemployment ...
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newspaper

Media Digest 6/4/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 4, 2009 at 3:00 am

Reuters:   GM and Chrysler said closing dealers was essential to their restructuring. Reuters:   The Justice Department is probing big tech employee recruiting. Reuters:   Medical bills underlay 60% of American bankruptcies. ...
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Sunset

Asia Markets And Europe Open 6/4/2009

Posted: June 4, 2009 at 2:25 am

Markets in Asia were lower. The Nikkei fell .8% to 9,669. The Hang Seng was off 1.3% to 18,343. The Shanghai Composite was down .4% to 2,787. At the open ...
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