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Author Archives: 247wallst

editor of 24/7 Wall St.

www.247wallst.com

Today’s Best Market Rumors (5/24/2012) Morgan Stanley Leak

Posted: May 24, 2012 at 8:29 am

Updated throughout the day on the 24/7 Wall St.Wire Capital Research & Management was warned about revenue expense cuts at Facebook before its IPO (WSJ) China's CIC may make a ...
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What’s Important in the Financial World (5/24/2012) Costco Earnings, Oil Below $90

Posted: May 24, 2012 at 6:29 am

Oil has hit an extraordinarily low price, below $90 a barrel for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and ...
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Martha Stewart Returns to a Ghost Town

Posted: May 24, 2012 at 6:22 am

Martha Stewart has become chairman of Martha Stewart Living Omnimedia (NYSE: MSO), the company she founded. Legal trouble had kept her off the board. Now, after a stint as a director, ...
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T-Mobile’s Troubled Future

Posted: May 24, 2012 at 6:22 am

T-Mobile, the fourth-largest wireless company in the United States, needs a buyer, not a partner. However, the chances that a buyer will materialized are unlikely, and even parent Deutsche Telekom ...
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Germany Loses Its Footing as Confidence Craters

Posted: May 24, 2012 at 6:21 am

Early this morning, HSBC said its China Purchasing Managers’ Index in May slipped to 48.7, lower than expected. Later in the day, there was evidence of a sharp slowdown in the ...
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Costco Posts Another Strong Quarter

Posted: May 24, 2012 at 6:21 am

Costco (NASDAQ: COST) continues its extraordinary run as the most successful big box retailer. Its "club membership" system has bettered the more traditional store operations of Wal-Mart (NYSE: WMT) and ...
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Media Digest (5/24/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: May 24, 2012 at 6:20 am

Many members of the EU want Greece to remain a member but have begun to prepare for its departure. (Reuters) Hewlett-Packard (NYSE: HPQ) posts better-than-expected earnings and says it will ...
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Who Knew What, When About Facebook?

Posted: May 24, 2012 at 6:20 am

The debate over whether some large investors were warned about a revenue downgrade of Facebook (NASDAQ: FB) continues. Several media have carried stories about Morgan Stanley (NYSE: MS) and Goldman ...
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A Look Back At Largest IPOs

Posted: May 24, 2012 at 6:18 am

A quick review of the 25 largest US IPOs ever shows how badly Facebook (NASDAQ: FB) has done in early trading. Most of the company's on the list have tremendous revenue, ...
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Oil And Gas Dip More

Posted: May 24, 2012 at 6:13 am

Oil has hit an extraordinarily low price, below $90 for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from ...
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China PMI Slides as World Economy Cools

Posted: May 24, 2012 at 3:31 am

China’s PMI is not a bad marker for global economic activity. That being said, a key measure of it, issued by HSBC, showed a rapid contraction in May. The HSBC Purchasing ...
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Today’s Best Market Rumors (5/23/2012) Facebook Probe

Posted: May 23, 2012 at 8:38 am

Updated throughout the day on the 24/7 Wall St. Wire Facebook advised its bankers to drop their revenue forecasts ahead of its IPO and while its roadshow was ongoing (Reuters) ...
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What’s Important in the Financial World (5/23/2012) China GDP Trouble, Fiat’s New Car

Posted: May 23, 2012 at 6:43 am

The World Bank’s new “East Asia and Pacific Economic Update” forecasts that China’s GDP growth will only be 8.2% in 2012, which is a substantial come down for a nation that ...
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CalSTRS: The Dogs Turn on Walmart

Posted: May 23, 2012 at 6:33 am

The California State Teachers' Retirement System (CalSTRS), by many measures the second largest pension in the United States, has taken the advice of and has joined proxy advisory firms ISS and Glass ...
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The CBO’s “Perfect Storm” Recession Looks Like EU Austerity

Posted: May 23, 2012 at 6:33 am

The Congressional Budget Office reports that the U.S. economy could nosedive in the first half of 2013 -- unless Congress and the White House keep taxes low and do not cut ...
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