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Author Archives: 247wallst

editor of 24/7 Wall St.

www.247wallst.com

Today’s Best Market Rumors (2/10/2012) Apple iPad, Google Entertainment

Posted: February 10, 2012 at 8:42 am

Updated throughout the day on the 24/7 Wall St. Wire Apple will release the iPad 3 early in March (AllThingsD) Alibaba will take its online unit private as it buys ...
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The Digital Omnivore vs. the Couch Potato

Posted: February 10, 2012 at 6:43 am

The most frightening observation of the new and remarkably comprehensive Comscore “U.S. Digital in Focus: 2012” report is the rise of the “digital omnivore.” These multidevice consumers roam the streets, ...
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The New Homeowner Rescue May Come After Home Price Recovery

Posted: February 10, 2012 at 6:42 am

The new $26 billion settlement between five banks on one side and a number of state attorneys general and the federal government on the other is extremely complex. One thing ...
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Unemployment Is Worse Than Assumed

Posted: February 10, 2012 at 6:41 am

Every time a new jobs report shows that the labor situation in the U.S. has improved, some economists ask that people look beyond the single number the press uses. Many people are underemployed. ...
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What’s Important in the Financial World (2/10/2012) China’s Imports, Google Home Entertainment

Posted: February 10, 2012 at 6:41 am

China’s imports number fell more than expected, another sign that an economy that grew at 10% or more per year for a decade has moved into a recession of sorts. Exports ...
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Media Digest (2/10/2012) Reuters, WSJ, NYT, FT

Posted: February 10, 2012 at 6:40 am

The U.S. and state attorneys general reach a $25 billion settlement with five banks over mortgage abuses. (Reuters) The Hong Kong division of Alibaba may go private as part of ...
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Today’s Best Market Rumors (2/9/2012) Greece Reaches Bailout Deal

Posted: February 9, 2012 at 8:33 am

Updated throughout the day on The 24/7 Wire. The US and state attorneys general are close to a settlement with five majors banks which include Citigroup, Bank of America, and ...
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Eight States Where Companies Are Hiring

Posted: February 9, 2012 at 6:41 am

Companies across the country are hiring more workers, at least if you ask their employees. In 2011, 31% of U.S. workers reported that their employers were hiring, according to Gallup’s ...
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Groupon and Facebook — What Do People Really Do Online?

Posted: February 9, 2012 at 6:40 am

Groupon (NASDAQ: GRPN) and Facebook are in a battle with many investors about the value of their audiences. Do Groupon’s visitors still use it regularly to buy merchandise? Do Facebook’s members ...
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Suddenly, China’s Car Market Falls Apart

Posted: February 9, 2012 at 6:39 am

One reason investors like to own General Motors (NYSE: GM) stock is that that company is the leading car manufacturer in China, when its local partners’ sales results are added to ...
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Who Gets to Settle the Greek Problem?

Posted: February 9, 2012 at 6:39 am

Evangelos Venizelos, the rotund finance minister of Greece, has gone to Brussels to parlay with eurozone officials about how his country can break the deadlock that threatens to cause a default next ...
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What’s Important in the Financial World (2/9/2012) A Mortgage Deal With Banks, Yahoo! to Sell Alibaba?

Posted: February 9, 2012 at 6:38 am

As one set of government suits against America’s largest banks is settled, another is about to begin. Media reports say that federal regulators and state attorneys general have set a ...
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Media Digest (2/9/2012) Reuters, WSJ, NYT, Bloomberg

Posted: February 9, 2012 at 6:37 am

Greek ministers will go to Brussels to meet with EU officials about restructuring of debt, but several details have not been resolved. (Reuters) Groupon (NASDAQ: GRPN) posts earnings that trouble Wall ...
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Nearly 200,000 Sign Petition Against Apple Supplier Use

Posted: February 8, 2012 at 5:22 pm

Following media reports in The New York Times and other outlets about the treatment of Apple (NASDAQ: AAPL) supplier workers at China manufacturer Foxconn, nearly 200,000 people have signed an online petition ...
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The Ten Countries That Rule The World’s Wind Energy

Posted: February 8, 2012 at 6:49 am

The biggest producers of wind power are racing to add capacity to meet growing energy demands. Last year alone, the world’s wind energy capacity increased by 17.3%. But the growth ...
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