The Mad Bidding For 3Par Continues
3Par announced that it received a revised proposal from Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $33 per share, which is an increase from its previously announced offer price of…
All Work
Douglas A. McIntyre
Today’s Best Market Rumors (9/2/1010)
Updated throughout the day. A buyout of Burger King (NYSE: BKC) is likely to be at $24 (WSJ) China search engine firm Baidu (NASDAQ: BIDU) will focus more on mobile markets (Reuters) The SEC…
The Twitter-24/7 Wall St. Market Report (9/2/2010): Apple, Apple, Jobs–Report
This is the Twitter-24/7 Wall St. market report for September 2, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
The IMF’s Plan To Fix The World Economy, Now Is A Good Time To Die
The IMF seems to believe that if it showers the world with enough information about the finances of developed and emerging nations that it can fix their economies by the power of its arguments.…
The Cities The Great Recession Left Behind
The recession, so economists say, is over. The recovery may be slow, but it is underway. Unemployment will drop slowly through the next few years and may fall under 9% in 2011. The real…
Media Digest 9/2/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: GM’s IPO road show will begin in November. Reuters: Costco’s (NASDAQ: COST) August sales rose 7%. Reuters: Apple Inc.’s (NASDAQ: AAPL) iTV is the latest effort to make a web-connected living room. Reuters: …
Blame For Lehman Bankruptcy Lies With Richard Fuld
Richard Fuld, who pocketed $484 million in compensation between 2000 and 2008 when Lehman Brothers collapsed, must be a masochist or a narcissist. Why else would the former Wall Street CEO continue to insist…
What The Top-Ten Selling Cars Will Be For 2011
The auto industry went through two bruising years in 2008 and 2009 when annual domestic sales dropped to about 10 million vehicles per year. This is in stark contrast to 2005 and 2006 when…
Don’t Believe The Nonsense About The Estate Tax
The estate tax is not and never has been a “death tax” , yet the nickname that critics gave it a few years ago has stuck. That’s a pity because the levy underscores the…
Today’s Best Market Rumors (9/1/2010)
Updated throughout the day. Burger King (NYSE: BKC) is for sale (WSJ) Microsoft (NASDAQ: MSFT) will team up with a partner in China to expand its search operations. (WSJ) JPMorgan Chase (NYSE: JPM) will…
The Twitter-24/7 Wall St. Market Update (9/1/2010) Job, Job, And Amazon TV
Twitter has, by most estimates, 100 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…
ADP Private Payroll–More Double Dip Fuel
ADP data on private sector employment was disappointing and pointed to a potential weak national joblessness announcement on Friday. The information, added to consumer confidence, housing, and a faltering manufacturing environment are more indications…
Moody’s Dodges The SEC Bullet On Inflated Ratings Issue
The management and investors of Moody’s Investment Services can breathe a sigh of relief. The SEC will not pursue charges against the company for its inflation of the ratings on a number of securities…
Young Women Outearn Men By A Mile For Awhile
Young women outearn their male counterparts by a mile. According to information from Reach Advisers published by The Wall Street Journal, “In 2008, single, childless women between ages 22 and 30 were earning more…
The Race For Online TV Will Have Few Winners
The race to sell TV and films on internet connections to the home and wireless connections to the smartphone has grown more fierce. In just the last day it has been rumored that Amazon.com…
The E-Reader Cuts Its Throat More Deeply
Border’s (NYSE: BGP) has cut the price of most of its e-readers as it tries to improve the tiny market share its has compared to the Amazon.com (NASDAQ: AMZN) Kindle and Barnes & Noble…
China Manufacturing Brightens As Global Recession Looms
China manufacturing picked up in August, shaking off a slow period that began more than a year ago. The China Federation of Logistics & Purchasing said its purchasing managers index rose to 51.7 from…
Media Digest 9/1/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
WSJ: Burger King (NYSE: BKC) is considering a private equity buyout. Reuters: China’s manufacturing sector grew. Reuters: China may probe the BHP Billiton (NYSE: BHP) buyout offer for Potash (NYSE: POT). Reuters: Amazon.com (NASDAQ:…
How High Will Gold Prices Rise?
These days investors frustrated by a shaky stock market believe that all that glitters is gold. Futures in the precious metal for December delivery may hit $1,500 an ounce next year, 21 percent higher…
The States Where America Spends The Most (And The Least) Per Person
The US Census came out with its annual report, the “Consolidated Federal Funds Report for Fiscal Year 2009: State and Country Areas” on how much the federal government spends on the 307,006,550 citizens who…