What Will The UK Do With 490,000 Laid Off Public Employees?
The UK will fire about 490,000 public workers as part of an austerity program to cut its deficit. The plans call for $124 billion in budget cuts over four years. The UK deficit is…
All Work
Douglas A. McIntyre
Media Digest (10/20/2010) Reuters, WSJ, NYT, FT, Bloomberg
Reuters: Geithner said the major currencies are “in alignment” but need negotiations to make sure their status remains that way. Reuters: Toyota (NYSE: TM) will fix 1.52 million Avalons. Reuters: The…
Why is Netflix Disclosing Less About Its Business?
A gangbusters earnings report from Netflix Inc. (NASDAQ: NFLX) is no surprise, which makes the video rental giant’s decision to disclose less about its operations puzzling. Net income at the Los Gatos, Calif-based company…
The Twitter-24/7 Wall St. Market Report 10/20/2010 US Mrkt Up? Global Mrkt Down, YHOO Up, Education Down
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 (10/20/2010) Mac Launch, GE Bid
Updated throughout the day. GE (NYSE: GE), United Technologies (NYSE: UTX), and Honeywell (NYSE: HON) are all considering a bid for BEA Systems aerospace business (Reuters) The NY State Attorney General may soon settle…
An America Low On Education And Graduation
Americans continue to stay out of diploma lines. The American Council On Education has issued a new report that says “today’s young adults are no better educated than the baby boom generation.” That seems…
France And The Dawn Of The “Open Ended” Labor Stoppage
Strikes and labor stoppages around Europe have increased in number and intensity. The increase has occurred as workers protest the effects of pending austerity programs planned by several nations which have run high deficits…
Starbucks+Yahoo!=New News Service For Coffee Shop
Starbucks (NADSAQ: SBUX) will begin to offer new Yahoo! (NASDAQ: YHOO) online services as part of its free in-store WiFi plan. It already gives away some content on the network including WSJ.com, which is paid…
Media Digest (10/20/2010) Reuters, WSJ, NYT, FT, Bloomberg
Reuters: Wall St. was disappointed by Yahoo!’s (NASDAQ: YHOO) revenue forecast. Reuters: French police unblocked the fuel deposites held by strikers against auterity. Reuters: The CEO of Research In Motion (NASDAQ: RIMM) refuted comments…
China Plans to Withhold More of Rare Earth Elements: US In Deep Trouble
The international concern over China’s cut in exports of the rare earth elements, REEs, has just been ratcheted up a notch as a Chinese government official said that the country might trim another 30%…
Two Billion People May Be Online This Year
Want proof the world is getting smaller? A United Nations agency estimates that 2 billion people will be online at the end of this year, up from 1.4 billion in 2009 and almost 1.6…
The Twitter-24/7 Wall St. Market Report 10/19/2010 BA, Goldman Earnings, Housing Starts
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 (10/19/2010) Goldman Refuge, Tribune xCEO
Updated throughout the day. The CEO of The Tribune Company is about to resign (NYT) Pierre-Henri Flamand formerly of Goldman Sachs Group (GS) raised $1 billlion for a hedge fund. Douglas A. McIntyre
Holiday Spending Expected To Rise To $688.87 Per Person
The National Retail Federation says that the average consumer will spend $688.87 this holiday season–exactly–up from $681.83 last year. The 1% improvement is not likely to save the sector from another difficult year of…
The 25 Most Important Alternative Energy Companies
Alternative energy is big business — and getting bigger. The industry includes hundreds of companies that make a piece of the continuously expanding jigsaw puzzle that is the alt energy space. Rather than trying…
As Times Runs Out, Potash To Sue For Peace
Time has run out for Potash (NYSE: POT) to find an alternative to the bid made for it by BHP Billiton (NYSE: BHP). The deadline for the $39 billion offer is November 18. Potash…
Five Second Place Companies That Are Number One For Investors
One of the few bits of investing conventional wisdom that nearly everyone accepts is that people should always look out for number one. The problem with following that advice is investors may miss out…
Media Digest (10/19/2010) Reuters, WSJ, NYT, FT, Bloomberg
Reuters: Geithner said the US would no devalue to dollar to get a trade advantage. Reuters: Bank of America (NYSE: BAC) has begun foreclosures again. Reuters: Roy Ozzie, the chief software architect as Microsoft…
Apple About To Become The World’s Largest Tech Company By Total Sales
Skeptics have asked, fairly, why Apple Inc. (NASDAQ: AAPL) should have a larger market capitalization than Hewlett-Packard (NYSE: HPQ), Microsoft (NASDAQ: MSFT), and IBM (NYSE: IBM). The answer is that Apple’s growth is much…
New Study On Broadband Quality Ranks US 15th (CSCO, T, VZ, S)
If one assumes, as does Cisco Systems Inc. (NASDAQ: CSCO), that the availability and quality of country’s broadband penetration reflects that country’s preparedness for the future, then the US lags behind 14 countries in…