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Monthly Archives: June 2009

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Social Media Reality Check: MySpace Dumps 30% of Staff (NWS)

Posted: June 16, 2009 at 12:32 pm

Today marks the ultimate backlash against the once unlimited and unprecedented growth of social media.  News Corp. (NYSE: NWS) has announced in a press release that about 30% of the ...
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California Muni Bond Funds Defy Hangman (AB, BLK, EV, MS, AKP, BCK, RAA, BFZ, BCL, BJZ, MUC, CEV, EVM, CCA, IIC, IQC, ICS, NUC, NVX, NAC, NZH, NXC, PZC, PCK)

Posted: June 16, 2009 at 12:00 pm

It seems that even the Governator is having a hard time saving California, and many are blaming him for the state's ballooning budget deficit.  The company is facing billions in ...
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Higher Expectations into R-I-M Earnings (RIMM, AAPL, NOK, PALM)

Posted: June 16, 2009 at 11:11 am

Research-in-Motion Ltd. (NASDAQ: RIMM) will be the biggest earnings released this week for tech investors because it will be a direct reflection on rivals Apple Inc. (NASDAQ: AAPL), Nokia (NYSE: ...
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IPO Alert: LogMeIn (LOGM, INTC)

Posted: June 16, 2009 at 10:11 am

LogMeIn, Inc. is coming public in an IPO and the terms are being set.   The registration has been set for 6.666667 million shares of common stock being sold in a ...
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New Beer Public Company: Black Art Beer Importers (BLVI)

Posted: June 16, 2009 at 9:15 am

There is a new public company that is a specialty beer play, a trend we have seen less and less of in recent years after the roll-ups in the wine ...
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FuelCell’s Capital Raise, Dilutive But Opportunistic (FCEL)

Posted: June 16, 2009 at 8:46 am

FuelCell Energy Inc. (NASDAQ: FCEL) is getting hammered this morning.  The developer and manufacturer of fuel cell power plants for electric power generation announced a $24.2 million financing pact this ...
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Domestic Manufacturing… What Manufacturing?

Posted: June 16, 2009 at 8:27 am

Industrial production and capacity utilization did come in right where economists were expecting, but the level at which these numbers are seeing just feels ghastly.  Industrial production for May was ...
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PPI: Wholesale Inflation Still Elusive

Posted: June 16, 2009 at 7:45 am

Wholesale inflation measured by producer prices for the month of May is out, and the fears of inflation are not yet working into the system.  The nominal PPI came in ...
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Misleading Gains in Housing Data

Posted: June 16, 2009 at 7:38 am

Housing Starts came in much better than expected, on the surface.  We saw a reading of 532,000 on housing starts on an annual basis.  This is a gain of 17.2% ...
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World War II Did Not End the Great Depression

Posted: June 16, 2009 at 7:29 am

By John Tamny of RealClearMarkets "Whereas before there had been almost no framework to explain what Roosevelt was doing, now a respectable one was forming. Spending promoted growth, if government ...
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Fewer Green Shoots at Best Buy (BBY)

Posted: June 16, 2009 at 7:18 am

Best Buy Co. Inc. (NYSE: BBY) reported earnings which look solid when you compare them to  estimates.  The electronics retail giant posted $0.36 net EPS and $0.42 non-GAAP EPS and ...
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Top Analyst Calls (BT, CSCO, EMC, HAS, ITW, MAT, NTAP, OMC, TEN, VECO)

Posted: June 16, 2009 at 6:25 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street with more than two hours until the market opens: BT Group ...
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CAL

California: $3 Gas And No Recovery

Posted: June 16, 2009 at 5:23 am

Whatever bad news California may have faced in the past, it is getting worse. The new UCLA Anderson Forecast predicts that the state will not have any economic recovery until ...
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New York City Drivers Become Vicious

Posted: June 16, 2009 at 5:06 am

New York City is choked with more than eight million people, many of  whom have to drive to work on highways meant to accommodate traffic levels of the 1930s. The ...
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gm

GM Dumps Saab In The Garbage Bin

Posted: June 16, 2009 at 4:53 am

GM is still in remarkably deep trouble. It is still facing the prospects that the domestic car market will only produce sales of 10 million units this year, and that ...
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