Time Spent On Social Networks Surges
The time that PC users spend on social networks has surged according to Nielsen. “Americans spend nearly a quarter of the time they’re on the Internet from their PC, or about six hours a…
All Work
Douglas A. McIntyre
Lloyd Blankfein–The Most Beloved CEO On Wall St.
Lloyd Blankfein of Goldman Sachs Group (NYSE: GS) is the most highly regarded CEO of any large financial services firm by his employees. That is the conclusion of the 2010 Summer Finance Employee Outlook…
GDP Will Finally Hit Earnings
The weak 2.5% GDP showing for the second quarter has brought dozens of new theories into the shopping bazaar of explanations about America’s growth prospects. One school says that the effect of imports on…
24/7 Wall St.’s Corporate Power Rankings: Week 29
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 (8/2/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) has made final plans to plug its well. Reuters: The dollar index fell to a three-month low due to a slowing economy. Reuters: Goldman Sachs Group (NYSE: GS) defended…
Nine Big Companies That Grew Through The Recession
The recession that began in 2007, and by some accounts is only barely over now, shut down and largely reversed the growth of most American companies. Those that grew through the period were uncommon.…
Will BP Gas Stations In America Be Amoco Soon?
People who drive by many BP plc (NYSE: BP) gas stations in the US throw rocks at them, which has become an expensive problem for the owners of the locations. The even larger issue…
What If Millions Of More Mortgages Go Underwater
Alan Greenspan’s mastery of discovering the obvious is never more on display than when he examines a problem and says he has brought light to a dark corner which is already well-illuminated. Housing prices,…
China Manufacturing Hits 17-Month Low
The growth of Chinese manufacturing, the great engine of the Asian nation’s remarkable GDP expansion, slowed to a 17-month low in June. It is not surprising but is rather a bookend to a two-day…
BP plc Plans Final “Kill” Of Leak: A Legacy Of Scientfic Failure
BP plc (NYSE: BP) says that it is within a week of a final solution to the leak from the wreckage of the Deepwater Horizon spill. It has begun to inject much into the…
Hacker Group Releases Code To Attack Android
Thousands of hackers will be able to break into the Google (NASDAQ: GOOG) Android mobile OS. The new software will allow experts to break into Android-powered phones to steal personal information from people who…
Today’s Best Market Rumors 7/30/2010
Updated throughout the day. Facebook may postpone its IPO until 2012 (Reuters) American International Group (NYSE: AIG) will add Citigroup (NYSE: C) as another underwriter of its AIA IPO. (Reuters) China hedge fund manager…
The Twitter-24/7 Wall St. Market Watch (7/30/2010): Facebook IPO, Disney Dumps Miramax
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…
China Surges Into No. 2 Economic Spot, May Pass US In 2025
Projections that go out 15 years may not mean much. That is when China may pass the US in total GDP according to forecasts by The World Bank and other analysts. What is true,…
Forget US Unemployment–Spain Is Now More Than 20%
US unemployment may be close to 10% and the President’s midterm budget review may say that the jobless rate will be above 9% until 2012. Many economists believe the figures are not sustainable if…
IMF On US Future: Risk Of Housing Double Dip And Lack Of Resolve To Solve Problems
The IMF lauded the efforts of the U.S. government to reverse a move of the economy toward depression with stimulus spending and rapid changes in Fed policy. The risks to future slowing are not…
Moody’s Frowns On Iceland–Sovereign Debt Problems Still Menace
Moody’s and S&P have had a habit of downgrading sovereign paper in nations such as Greece, Spain, and Portugal long after it was clear to the capital markets that their prospects to pay their…
Microsoft: Tablet PC May Be The Next Xbox
Microsoft (NASDAQ: MSFT) has been pretty good at protecting a lead. Its Windows 7 franchise has kept it well ahead of any other PC operating system and produced record sales after the disappointing launch…
Media Digest 7/30/2010 Reuters, WSJ, NYTime, FT, Bloomberg
Reuters: Second quarter growth slowed on imports and lower consumer spending. Reuters: Republicans blocked a small business plan. Reuters: The House will take up legislation on offshore drilling. Reuters: Citigroup (NYSE: C) paid $75…
Airlines Just Miss Record For Revenue And Ten Year High for Profits
For the 2nd quarter 2010, the nine largest airlines collectively reported $1.86 billion in net profits on $31.7 billion in revenues (net profits exclude $713 million for special items). The Q2 revenue was the…