Quantcast

Monthly Archives: June 2009

oil

Why The West Hates Chinese Investments

Posted: June 5, 2009 at 4:37 am

The developed countries are beginning to view China as one large vulture fund which bankrolls companies that it controls to buy up key overseas asset at prices undermined by the ...
Read Full Story »
bear

The Pace Of Job Creation Needs To Be Accelerated

Posted: June 5, 2009 at 3:49 am

The most significant and measurable failure of the economic stimulus package, the so-called American Recovery and Reinvestment Act of 2009, is its inability to quickly create jobs.  The $787 billion ...
Read Full Story »
newspaper

Media Digest 6/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: June 5, 2009 at 3:02 am

Reuters:   Rio Tinto (RTP) has killed a deal with Chinalco for one with BHP (BHP). Reuters:   US regulators insisted JP Morgan (JPM) and Amex (AXP) raise money to exit the ...
Read Full Story »
Sunset

Asia Markets And Europe Open 6/5/2009

Posted: June 5, 2009 at 2:22 am

Markets in Asia were mixed. The Nikkei rose 1% to 9,766. The Hang Seng was up .1% to 18,516. The Shanghai Compsite fell .5% to 2,754. At the open in ...
Read Full Story »

Even Porn Gets Self Promotion Via Apple WWDC (AAPL)

Posted: June 4, 2009 at 2:32 pm

Everyone loves to follow Apple Inc. (NASDAQ: AAPL), particularly ahead of its big investor and developer conferences.  And if you track the top website rankings of the top 100 and ...
Read Full Story »
Burning Money Pic

Angelo Mozilo Charged With Insider Trading (BAC)

Posted: June 4, 2009 at 2:03 pm

CNBC's David Faber just reported that the SEC will be charging former Countrywide CEO Angelo Mozilo with insider trading and disclosure violations for stock sales from 2006 and beyond.  Interestingly ...
Read Full Story »
Refinery Image

Refiners’ Second Take: Valero’s Risk of Irreparable Harm (VLO, MRO, HES, TSO, SUN, TOT, VSUNQ)

Posted: June 4, 2009 at 12:06 pm

Valero Energy Corp. (NYSE: VLO) may have caused some irreparable harm to itself and to shareholders this week.  Losing money is just not something that the investing public was ready ...
Read Full Story »
bear

Mortgage Rates At Level That Could Stall Any Housing Recovery

Posted: June 4, 2009 at 11:15 am

Freddie Mac has announced a sharp increase in the 30-year fixed-mortgage rate. Information released by the agency says that rates moved to 5.29% for the week ending today, up from ...
Read Full Story »
Money Stack Image

Axsys Buyout Looks On The Cheap (AXYS, GD)

Posted: June 4, 2009 at 11:00 am

General Dynamics (NYSE: GD) entered into a definitive agreement to acquire Axsys Technologies, Inc. (NASDAQ: AXYS) in a deal that is at a high premium if you consider the recent ...
Read Full Story »

Unemployment Insurance Buckles After Years of Underfunding

Posted: June 4, 2009 at 10:30 am

by Olga Pierce, ProPublica Half a million Americans lost their jobs in April, meaning there are now officially 14 million unemployed workers, the highest percentage in 25 years, and the ...
Read Full Story »
bear

Palm (PALM) Pre Won’t Do Sprint (S) Much Good

Posted: June 4, 2009 at 9:59 am

Morgan Stanley does not think that the new Palm (PALM) will do much for Sprint (S). The reasoning is that the carrier will sell about 1.5 million units of the ...
Read Full Story »
Money Stack Image

CEOs Growing More Confident

Posted: June 4, 2009 at 9:29 am

There is a growing confidence among Chief Executive Officers.  A report by Chief Executive magazine noted that there is another strong resurgence in May from responses by top executives.  The ...
Read Full Story »
bear

What Is Time, Inc. Worth?

Posted: June 4, 2009 at 8:49 am

There have been rumors recently that Time, Inc., the Time Warner (TWX) publishing division and the largest magazine operation in the country, might be spun off to shareholders in much ...
Read Full Story »
Money Stack Image

Intel & Wind River: Much More Than Meets The Eye (INTC, WIND, MSFT, IBM, TXN)

Posted: June 4, 2009 at 8:07 am

Intel Corporation (NASDAQ: INTC) has made what many will consider as a strange merger, but there is more to this merger than meets the eye and this will give Intel ...
Read Full Story »
Jobless Line Pic

First Drop in Continuing Jobless Claims Since January

Posted: June 4, 2009 at 7:37 am

The Labor Department has just released its weekly jobless claims data at 621,000.  The prior week's reading was revised to 625,000 from a prior reading of 623,000.  The consensus estimates ...
Read Full Story »