Economists See Better Days Ahead
Someone forgot to tell a number of the world’s leading economists that the economy has begun to turn down. A panel of 242 members of the National Association for Business Economics found that nearly…
All Work
Douglas A. McIntyre
24/7 Wall St.’s Corporate Power Rankings: Week 33
The 24/7 Wall Street Corporate Power Rankings of the 32 most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product introductions, management strength and…
Media Digest (8/30/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Bank of Japan eased policy to fight a rise in the yen. Reuters: Obama said the economy is not growing fast enough. Reuters: Intel (NASDAQ: INTC) will buy Infineon’s mobile unit for…
10 Fascinating Countries Uncle Sam Doesn’t Want You To Visit
By DOUGLAS MCINTYRE Veteran travelers know the U.S. State Department keeps a list of countries where it is dangerous to travel. The list is updated periodically, in response to geopolitical and environmental events around…
Senior Executives Expect Recession Will Not End Until 2011
A new study of 350 senior corporate executives posted results which look like those of many surveys of American consumers. The recession is not over, and, in fact, will not end until sometime next…
Sorry Acer, the iPad Isn’t Going Anywhere
Earlier this week, Acer Chairman JT Wang made the bold if foolish statement that the market share of the Apple Inc. (NASDAQ: AAPL) iPad would fall to 20 percent over the next few years. …
Eight Of America’s Most Secretive Companies
Secrecy is critical to more businesses than most people might imagine. Entire industries are based to some extent on the process of creating goods and services and then putting them behind walls of secrecy.…
Wind Turbines and National Defense
The development of new and larger capacity wind farms in the US sets up a likely conflict between the developers and the US Department of Defense. The large, utility-scale wind turbines that tower some…
Consumer Confidence Still Stuck In The Mud
The Thomson Reuters/University of Michigan Surveys of Consumers released its August report and the consumer will not be pulling the economy out of its current damaged state. The Sentiment Index was 68.9 in the…
GDP Revised Downward — Bad Or Good News?
First the bad news: Gross Domestic Product increased at an annual rate of 1.6 percent in the second quarter of 2010 from the first quarter. The good news is that this revision from the…
Today’s Best Market Rumors (8/27/2010)
Updated throughout the day. American International Group (NYSE: AIG) will not sell its Asian business (Reuters) Manulife Financial and Ace are bidders for New York Life’s Hong Kong, Korean, and Taiwan assets. (Reuters) Federal…
GDP Down To 1.6%, Could Have Been Worse
The Department of Commerce cut its GDP figure to 1.6% from the previous estimate of 2.4%. The change was due to factors including inventory changes and the strength of imports. The number could have…
The Twitter-24/7 Wall St. Market Report 8/27/2010 GDP Crash, Boeing Mistake, HP Bid
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…
Google Launches Real Time Search
Google Inc (NASDAQ: GOOG) launched its realtime search product saying, “we’re making our most significant enhancements to date, giving real-time information its own home and more powerful tools to help you find what you…
A Flicker Of Economic Life In Japan And The UK
There were tiny signs of life in two of the world’s largest economies, anomalies in a period when the global economy may be falling into a double dip recession. Japan announced that its jobless…
Boeing Delays Dreamliner Again, Management Under More Pressure
Boeing (NYSE: BA) announced that the delivery of its 787 Dreamliner would be delayed until the mid-first quarter of 2011, the 8th delay since the aircraft’s creation was announced more than five years ago.…
Media Digest (8/27/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Bernanke may admit the economy is weak but not five details of the Fed’s plans. Reuters: Hewlett-Packard (NYSE: HPQ) outbid Dell (NASDAQ: DELL) for 3Par (NYSE: PAR) by offering $27 a share for…
Icebergs On The Horizon?
Like great art, pornography and classic rock, everyone knows an economic recovery when they see one. Or do they? Until recently, many economists were steadfastly arguing that the worst economic crisis since the Great…
Toyota Breaks Another One Million Cars–Will Fix Them
Toyota Motor (NYSE: TM) probably recalled as many cars in 2010 as the company has made since it was founded. Today, Toyota added to that list–if that is possible. The Japan-based company said “it…
Online Privacy Is Largely a Myth
The most unhip companies in America are wise to social media and employees better watch what they say on sites such as Facebook and Twitter. Now, lawmakers in Germany are trying to put limits…