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Author Archives: 247wallst

editor of 24/7 Wall St.

www.247wallst.com

As Results Fall, How Does Michael Dell Keep His Job?

Posted: May 23, 2012 at 6:32 am

There are a number of differences between Dell (NASDAQ: DELL) founder and CEO Michael Dell and Facebook (NASDAQ: FB) CEO Mark Zuckerberg. Among them is that Zuckerberg holds shares that ...
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Mazda And Fiat Build A Sports Car

Posted: May 23, 2012 at 6:32 am

Fiat and Mazda will build a small convertible together. Fiat is the controlling shareholder of Chrysler. The deal is an example of how large car companies which face slow ...
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Media Digest (5/23/2012) Reuters, WSJ, FT, Bloomberg

Posted: May 23, 2012 at 6:31 am

Merkel and Hollande will fight over stimulus for the eurozone at the EU summit. (Reuters) The OECD expresses concerns that Europe could slip into a deep recession. (Reuters) The EU debt crisis ...
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Getty Images On The Block

Posted: May 23, 2012 at 6:30 am

PE firm Hellman & Friedman, which owns Getty Images, has begun a process to sell the company it bought for $2.4 billion in 2008. It reckons using investment banks Goldman ...
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Facebook Death Watch: Investigations Mount

Posted: May 23, 2012 at 6:27 am

The Facebook (NASDAQ: FB) IPO mess has worsened considerably in just 24 hours. The federal government will examine why analysts at Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) ...
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World Bank Downgrades China Growth

Posted: May 23, 2012 at 6:23 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 ...
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EU Debt Crisis Hammers Markets

Posted: May 23, 2012 at 3:45 am

Markets across the world were eviscerated as concerns about the financial future of Europe grew. The EU summit may prove to the a battle that will produce further bitterness between the ...
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Cities With The Most Homes In Foreclosure

Posted: May 22, 2012 at 6:22 pm

According to data released last week, the worst effects of the housing crisis are beginning to wind down. RealtyTrac’s latest report shows the number of foreclosures in the U.S. in ...
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Today’s Best Market Rumors (5/22/2012) Morgan Stanley Cut Facebook

Posted: May 22, 2012 at 8:52 am

Updated throughout the day on the 24/7 Wall St. Wire Morgan Stanley analysts cut their outlook for Facebook ahead of its IPO (Reuters) Blackrock and associates bought 20% of Formula ...
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What’s Important in the Financial World (5/22/2012) IMF Report on UK, ILO Report on Employment

Posted: May 22, 2012 at 6:32 am

The International Labor Office of the United Nations released its new “Global Unemployment Trends for Youth 2012.” It is one more forecast of a “lost generation” of productive workers. As ...
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The Happiest Countries in the World

Posted: May 22, 2012 at 6:18 am

For the second year in a row, 24/7 Wall St. examined the Organisation for Economic Co-operation and Development’s report on life satisfaction in the developed world. Economic prosperity, health and ...
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Zynga’s 15% Stock Loss — Lemmings over the Cliff

Posted: May 22, 2012 at 6:16 am

Zynga’s (NASDAQ: ZNGA) shares are down 15% over the past two days, a little more than those of Facebook (NASDAQ: FB) after its initial public offering. There are several critical difference ...
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Tim Cook’s Huge Run at Apple

Posted: May 22, 2012 at 6:16 am

Tim Cook will never be Steve Jobs, but to investors that should not matter, given how shares in Apple (NASDAQ: AAPL) have done since Cook became CEO. Apple’s stock is ...
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Media Digest (5/22/2012) Reuters, WSJ, NY Times, Financial Times

Posted: May 22, 2012 at 6:15 am

Morgan Stanley (NYSE: MS) cuts revenue forecasts for Facebook (NASDAQ: FB) just ahead of its IPO. (Reuters) The U.S. allows China to buy treasuries directly without banker assistance. (Reuters) MF Global ...
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IMF Warns On UK Economy

Posted: May 22, 2012 at 6:15 am

The new IMF report on the UK  ("United Kingdom—2012 Article IV Consultation Concluding Statement of the Mission") has a pessimistic tone. But, the agency believe that the country can help ...
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