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Daily Archives: March 10, 2010

CEO Of The Decade: Citigroup’s Vikram Pandit?

Posted: March 10, 2010 at 7:08 pm

It was less than two years ago that defunct business magazine Portfolio named Citigroup(C) CEO Vikram Pandit one of the twenty worst CEOs of all time. Pandit may be about to ...
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Walmart: Sorry, We Stopped Selling Things We Couldn’t Make Money On

Posted: March 10, 2010 at 4:21 pm

Wal-Mart (WMT), the world's largest retailer which has sales greater than the GDP of many countries, has decided it is so successful that it can stock products that no one ...
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Unemployed Over 50: A View from the Ground

Posted: March 10, 2010 at 12:17 pm

by Diane Vacca After working for eight and a half years at IBM, Nancy Ikeda, 55, lost her job 13 months ago. She had lived in Binghamton, N.Y., since her ...
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The Below Average CEO: J. Raymond Elliott, Boston Scientific

Posted: March 10, 2010 at 11:25 am

Average: “an estimation of or approximation to an arithmetic mean”–Webster The smartest move that J. Raymond Elliot made in his career was to leave the Boston Scientific (BSX) board in ...
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Europe’s Hope To Build A New IMF

Posted: March 10, 2010 at 10:27 am

By Heather Horn of  The Atlantic Wire In the past few days, plans have solidified for a new European version of the International Monetary Fund. Advocates, which include French and ...
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OPEC: Oil Consumption Will Rise, Or It Won’t

Posted: March 10, 2010 at 8:40 am

OPEC say that crude consumption will rise this year, but in the fine print of its statement, the cartel undercuts its own prediction. OPEC expects world oil demand to grow 900,000 barrels ...
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Today’s Best Market Rumors (3/10/2010)

Posted: March 10, 2010 at 8:33 am

Updates throughout the day. AIG (AIG) has developed a new system for paying management bonuses  (NYT) "While banks like JPMorgan and Goldman Sachs have enough liquidity to consider raising dividends or ...
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Top 10 Analyst Upgrades and Downgrades (ADI, NLY, BIDU, CVX, ESLR, ITMN, JCG, LMT, SONC, VALE)

Posted: March 10, 2010 at 8:22 am

These are this Wednesday's top 10 analyst upgrades, downgrades, and initiations seen from Wall Street morning research calls: Analog Devices Inc. (NYSE: ADI) Raised to Outperform at Bernstein. Annaly Capital ...
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Economists Expect GDP To Falter In 2011

Posted: March 10, 2010 at 6:01 am

Results from the poll used to create the Blue Chip Economic Indicator show that economists believe that US GDP will grow at a slower rate than they had previously forecast ...
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A $10 Billion Price Tag For Toyota (TM) Recalls

Posted: March 10, 2010 at 5:29 am

The price tag for Toyota's (TM) massive recall of eight of its popular models plus the Prius hybrid and its Tundra truck is estimated as high as $5 billion according ...
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China Exports Surge 46%, But Who Buys The Goods?

Posted: March 10, 2010 at 5:07 am

China's exports rose 46% in February compared with the same month a year ago, underscoring concerns about whether its economy has begun to overheat. The Chinese customs agency, which made the ...
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On Nasdaq Peak Holiday, Shorts Exit Tech And Junk Stocks

Posted: March 10, 2010 at 4:15 am

On the tenth anniversary of the tech bubble of 2000, short sellers aggressively dropped their bets against hardware, software and internet companies. Figures are from February 28. The short interest ...
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Media Digest 3/10/2010 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 10, 2010 at 3:54 am

Reuters:   Democrats may miss their goal to vote on healthcare reform. Reuters:   China exports rose 46% in February. Reuters:   China's Geely raised money to buy Volvo. Reuters:   Strong Chinese trade ...
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Asia Markets And Europe Open (3/10/2010)

Posted: March 10, 2010 at 3:24 am

Msrkets in Asia were narrowly mixed. The Nikkei rose a fraction to 10,564. Toyota (TM) fell. The Hang Seng rose .1% to 21,219. The Shanghai Composite was down 1% to ...
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