A Cybercrime Epidemic? Not Really
Is cybercrime on the rise or are more people complaining about it? It’s tough to say. According to a Gallup poll released today, 11% of U.S. adults claim that they or a member of…
All Work
Douglas A. McIntyre
The Twitter-24/7 Wall St. Market Report 12.13.2010
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Top Active Trader Alert Stocks (BSPM, HBAN, NKTR, NSTC)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Biostar Pharmaceuticals, inc. (NASDAQ: BSPM), Huntington Bancshares Inc. (NASDAQ: HBAN), Nektar Therapeutics (NASDAQ: NKTR),…
Today’s Best Market Rumors (12/13/2010) B of A Toxic Paper, Pathmark M&A
Updated throughout the day. Bank of America (NYSE: BAC) is trying to sell $1 billion of toxic mortgage paper (NYPost) Carlyle Group may delay its IPO after its CFO resigned (FT) Ahold may bid…
OECD: Punish EU’s Weak Economies
The Organisation for Economic Co-operation and Development issued its Euro Area Economic Report. Some of its recommendations were harsh, particularly about punishing financially weak EU nations that cannot balance their budgets. The message was that…
China: A Step Back To Take A Step Forward
Inflation in China has gone high enough that the government may have curtail economic growth to curb it. Such actions would be unusual because the People’s Republic has always seemed to put general economic…
Obama Meets CEOs: A Bridge To Nowhere
President Obama will host a meeting for a number of large company CEOs in Washington this week. The heads of Google (NASDAQ: GOOG), Cisco (NASDAQ: CSCO), IBM (NYSE: IBM), and PepsiCo (NYSE: PEP), among…
Media Digest (12/13/2010) Reuters, WSJ, NYT, FT, Bloomberg
The Senate is close to a vote on the new tax package. (Reuters) China extended its reserve requirements for top banks. (Reuters) A&P filed for bankruptcy. (Reuters) Oil rose after OPEC refused to raise…
The 21 Companies That Exclude Women From Leadership
More than half of the American workforce is comprised of women. It is well-known that they are paid less than their male counterparts. Several studies show that female workers make about 77% of the…
Ugly Christmas Gifts From Starbucks
24/7 Wall St. continued its ongoing evaluations of Starbucks stores, this times visiting a number of locations in Manhattan. A few of the special Christmas gifts from the coffee retailer: 1. Dirty toilets. It would…
OPEC Holds Firm As Gasoline Hits Two-Year High
OPEC said it would maintain production levels. The cartel defended its decision by noting that the world’s economy is barely out of recession. The current $90 price of oil was hardly mentioned in OPEC…
The iPad Erodes Newspaper Print Subscriptions
First, video killed the radio star. Now, it looks like the Apple Inc. (NASDAQ:AAPL) iPad is causing the same sorts of disruption to newspaper publishers. According to a survey of 1,000 iPad users by…
China Bumps Bank Reserves Ratio Again, Sixth Time This Year
The People’s Bank of China has announced another 50 basis points increase in the country’s required reserves ratio for China’s banks. This is the sixth such increase in a year, and the third in…
Occidental Petroleum Raises Dividend, Re-arranges Assets (OXY, RDS-A, SRE)
One fairly short press release from Occidental Petroleum Corp. (NYSE: OXY) announces some big changes to the company’s asset base. Oxy has agreed to sell its oil and gas operations in Argentina to China…
America’s Most Expensive Holiday Gifts
By Douglas A. McIntyre A look at the most expensive gifts sold by twelve retailers including Tiffany (NYSE: TIF), Target (NYSE: TGT), Abercrombie & Fitch (NYSE: ANF), Apple (NYSE: AAPL, and Best Buy (NYSE:…
Top Active Trader Alert Stocks (DRYS, FSYS, NFLX, PACB)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of DryShips Inc. (NASDAQ: DRYS), Fuel Systems Solutions Inc. (NASDAQ: FSYS), Netflix Inc. (NASDAQ: NFLX), and Pacific…
The Twitter-24/7 Wall St. Market Report 12.10.2010 China Trade, Boeing Inspections
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Today’s Best Market Rumors (12/10/2010) GE Dividend, Apple iPad
Updated throughout the day. Apple (NASDAQ: AAPL) will release a new iPad with two cameras (various) China’s largest social network, Oak Pacific International, will have an IPO (Reuters) The FAA will increase inspections of…
China Trade Numbers Not A Yuan Debate Factor
China’s exports and imports rose more than expected in November, continuing a string of overachievement by the world’s second largest economy. Exports were up 35% from the same month last year. Imports rose 38%.…
OPEC: Not An Oil Price Wild Card
OPEC meets this weekend. Output from the members of the cartel is about a third the world’s total which means these nations account for about 29 million barrels a day. OPEC ministers say they…