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Monthly Archives: April 2010

IRS Lets Mega Corporations Off The Tax Hook

Posted: April 12, 2010 at 4:30 am

Uncle Sam is doing fewer and fewer tax audits of huge corporations. These companies are, in theory, the firms that should pay enough to the IRS to help make a dent ...
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Leno Is Watched By Old People

Posted: April 12, 2010 at 4:11 am

The people who watch The Tonight Show with Jay Leno are old. The viewers of the program have an average age of 56, which is about 10 years older than they ...
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24/7 Wall St.’s Corporate Power Rankings Week 14: Goldman Sachs Bye Week

Posted: April 12, 2010 at 3:52 am

The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product ...
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Media Digest (4/12/2010) Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: April 12, 2010 at 3:00 am

Reuters:   The costs of the US bailout of the financial industry was $89 billion. Reuters:   Goldman Sachs (GS) and AIG (AIG) are unwinding their CDS positions. Reuters:   The euro surged ...
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What 10% Mortgage Rates Do To Housing

Posted: April 11, 2010 at 8:04 pm

Mortgage rates moved above 5% last week and many economists expect the number to rise above 6% by the end of the year. "It certainly will make it harder for ...
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Hackers Break Into New Apple’s New iPhone Software

Posted: April 11, 2010 at 7:58 pm

The new Apple (AAPL) iPhone operating system, known as OS 4.0, was only introduced two days ago. Hackers have already broken into the system so that they can run pirated ...
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Car Sales In China, The Industry’s Salvation, Rise 63% In March

Posted: April 11, 2010 at 3:03 pm

Car sales in China during March rose 63% to 1.26 million according to the China Association of Automobile Manufacturers. US domestic vehicles sales for the same period were 1.07 million. ...
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Greece Gets 30 Billion Euro Bailout Gift

Posted: April 11, 2010 at 11:16 am

The most remarkable thing about the 30  billion euro bailout package for Greece by the euro-zone nations is the interest rate--5%. The yield on Greek sovereign debt was well over two points ...
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Toyota Could Have Been Fined $13.8 Billion–NHTSA

Posted: April 11, 2010 at 7:31 am

The government cap on fines that the NHTSA division of The Transportation Department can levy on any one car company for a single violation of the agency's rules is $16.735 million. That is ...
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China Going Broke

Posted: April 10, 2010 at 7:39 pm

It is only a few weeks ago that China was promoting its role as the preeminent expanding economy of the world. It also regularly lectured the US about containing its ...
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The Unusual Suspects (AA, BAC, GE, GOOG, INTC, JPM, ACN, BSX, CTIC, CLNE, LULU, PALM, TROW, LCC, PLND, CEDC)

Posted: April 10, 2010 at 10:07 am

This weekend’s roster of the Unusual Suspects is back to earnings, although there are many other key stocks to watch out for this coming week.  We did see a very ...
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Once Dead Refining Industry Experiences Resurrection

Posted: April 9, 2010 at 4:08 pm

From the heady heights of the summer of 2008, oil refiners have suffered from a downturn. Valero Energy Corp. (NYSE:VLO) and Tesoro Corp. (NYSE:TSO), which refine and market petroleum products ...
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Next Week’s Can’t Miss Earnings (AA, INFY, CSX, INTC, JPM, JBHT, YUM, SCHW, AMD, GOOG, ISRG, BAC, GE)

Posted: April 9, 2010 at 2:24 pm

Didn't earnings season just end?  It sure feels that way.  The earnings season floodgates are about to open.  The media will try to tell you this is the most critical ...
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The Weekly Dividend & Buyback (BPT, SKT, MNRO, QCOM, PAYX, AMIN, TJX, HOTT, TM, ETR, GE, JPM, UFS)

Posted: April 9, 2010 at 12:07 pm

We often cover companies raising dividends and announcing new stock buyback plans.  We did see some dividend hikes this week, but there are also many unique dividend stories from this ...
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Germany Will Bail Out Its Banks, Not Greece

Posted: April 9, 2010 at 9:38 am

Greece needs 53 billion in euros to cover its deficit and debt service this year. Germany and France are dragging their feet rather than providing Greece immediate aid, for reasons ...
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