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Author Archives: 247wallst

editor of 24/7 Wall St.

www.247wallst.com

State Employment — The Rich Get Richer

Posted: February 8, 2012 at 6:46 am

There has been some hope as unemployment improves nationally that the weakest job markets would outpace the stronger ones. Theses markets would be “catching up” as the tide lifts the entire ...
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A Setback for Germany’s Export Machine

Posted: February 8, 2012 at 6:45 am

It turns out that the global manufacturing export slowdown is not restricted to China. The German Federal Statistical Office (Destatis) reports that the country’s exporters had a difficult December: Domestic ...
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As Nissan and Toyota Surge, Opel Falters

Posted: February 8, 2012 at 6:45 am

Nissan and Toyota (NYSE: TM), two of Japan’s largest car companies, reported better than expected quarterly earnings and posted solid forecasts. Europe-based Opel, part of General Motors (NYSE: GM), continues ...
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What’s Important in the Financial World (2/8/2012) Nokia Fires 4,000, Yahoo! Cuts Chairman

Posted: February 8, 2012 at 6:44 am

The restructuring of the world’s troubled multinationals continues. The trend has been particularly evident in industries like big pharma, where sales have fallen too fast to maintain expense levels. The most recent victim of ...
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Media Digest (2/8/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: February 8, 2012 at 6:43 am

The Greeks try to get a financial aid package while some regional leaders say the eurozone does not need the southern European nation. (Reuters) A House committee pushes through plans ...
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Today’s Best Market Rumors (2/7/2012) FBI And News Corp, Bank Robo-Settlement

Posted: February 7, 2012 at 8:49 am

Updated throughout the day on The Wire 40 state attorneys general and the government are close to the settlement of rob0-sign charges against several major banks (CNN Money) The FBI is ...
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States That Believe in the Recovery (and Those That Do Not)

Posted: February 7, 2012 at 6:52 am

Americans remained pessimistic about the economy last year. Confidence has improved recently, reaching its highest levels since last spring, but has fallen from -28 in 2010 to -37 in 2011, according ...
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Walmart Decides to Cut Sales of Unhealthy Foods

Posted: February 7, 2012 at 6:51 am

Instead of admitting that it has, in the past, sold food with too much sodium, salt and sugar, Walmart (NYSE: WMT) has made a public relations bonanza of its decision ...
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President’s New Mortgage Plan and the Failure of HAMP

Posted: February 7, 2012 at 6:50 am

Big government and corporations are careful to bury their failures in the fine print. The Treasury Department released its January analysis of the Home Affordable Mortgage Program (HAMP) program. Readers must ...
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Greece’s 15,000 Public Sector Layoffs Would Be 450,000 in the U.S.

Posted: February 7, 2012 at 6:50 am

The Greek ruling coalition has said it will cut 15,000 government workers as an austerity sacrifice to the European Commission, European Central Bank and International Monetary Fund. The “troika,” with ...
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What’s Important in the Financial World (2/7/2012) New Nokia Phone, Toyota Recovery

Posted: February 7, 2012 at 6:49 am

Greece continues to demonstrate that it can teeter almost indefinitely between austerity and the grant of aid packages without a short-term resolution to its sovereign debt crisis. The latest development is that the ...
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Media Digest (2/7/2012) Reuters, WSJ, FT, Bloomberg

Posted: February 7, 2012 at 6:49 am

Glencore and Xtrata agree to a $90 billion merger. (Reuters) Greek leaders face a deal for settling sovereign debt matters as workers strike. (Reuters) Toyota (NYSE: TM) posts good third-quarter ...
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Most Of MF Global Cash Found

Posted: February 6, 2012 at 5:29 pm

For weeks, financial experts and the media have said that the $1.2 billion in customer money "lost" by MF Global would never been found. Now, the trustee for the customers ...
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America’s Shrinking Corporate Giants

Posted: February 6, 2012 at 6:48 am

It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because ...
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A Tie Between the Fates of Greece and China

Posted: February 6, 2012 at 6:46 am

Greece is on the “razor’s edge” of default, its financial minister Evangelos Venizelos said. The International Monetary Fund said China’s GDP growth could collapse if the eurozone’s troubles increase. The IMF reported its ...
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