Today’s Best Market Rumors (7/26/2010)
Updated throughout the day. China Everbright Bank may raise almost $3 billion through an IPO. Apollo Management may start its own bank (FT) Carlyle Group has agreed to sell Kbro, Taiwan’s largest cable TV…
All Work
Douglas A. McIntyre
Sam’s Club Exposes the Bank Bailout Lie
By John Tamny of Forbes The entrance of Sam’s Club into lending is yet another example of how unnecessary the bank bailouts were. Going back at least 100 years, most lending has occurred outside…
The Twitter-24/7 Wall St. Stock Market Report 7.26.2010 The Wisdom Of Crowds
This is the Twitter-24/7 Wall St. market report for July 26, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
United Arab Emirates Restricts BlackBerry Use
Social networks and search engines have been restricted by regimes that want to control access to news and manage public opinion. Now the Research In Motion (NASDAQ: RIMM) BlackBerry is under siege for similar…
Tony Hayward’s Firing At BP: The Ghost Of Former CEO Lord Browne
BP plc’s (NYSE: BP) CEO Tony Hayward, who is about to be sacked by the big oil company, has only been in his position for about two years. That raises the issue whether he…
The Biggest Companies You’ve Never Heard Of…And What They Do
The great majority of the largest companies in America are easily identified by name by most consumers. That is because their names match one or more of their most important brands. McDonald’s (NYSE: MCD)…
24/7 Wall St.’s Corporate Power Rankings: Week 28
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 7/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
MarketWatch: A number of economists now expect Q2 GDP to be below 2%. Reuters: BP plc’s (NYSE: BP) CEO Tony Hayward is expected to resign. Reuters: Hayward will leave with $10 million. Reuters: Europe’s…
Goldman Sachs May Face Huge Audit By Financial Crisis Inquiry Commission
The Financial Crisis Inquiry Commission, unhappy about the efforts by Goldman Sachs Group (GS) to give it comprehensive data on its derivatives trading group, may find the information out anyway through an audit. “We…
Venezuela May Cut US Oil Supply, A Reason For Crude To Rally
Venezuela President Hugo Chavez has once again threatened to cut the South American country’s supply of oil to the US, according to a number of news reports. Venezuela has been charged with harboring rebels…
White House Expects Unemployment Above 9% Until 2012
The White House’s annual Mid-Session Budget Review, sent to Speaker of the House Nancy Pelosi, shows that unemployment will not fall below 9% until 2012.The Administration has finally given in to the reality that…
US Bank Closures Hit 103 Compared With 64 Last Year
The FDIC in conjunction with state bank authorities closed seven more banks on July 23, bringing the total for the year to 102. The cost to the Deposit Insurance Fund was modest because the…
Smart Grid and Energy Efficient Technologies Boost Earnings for Established Companies (JCI, HON, XIDE, WMT)
While there are a lot of small companies vying for market share in the rapidly growing alternative energy sphere, they’re not the only players in the game. Two established players reported earnings this morning…
Ten CEOs with the Largest Stock Option Grants: $230 Million In Compensation
The following are the ten CEOs who received the largest stock option grants in 2009. Together, they enjoyed gains which totaled $230 million based on their value at the end of May. The data,…
Seven Of 91 Europe Banks Would Fail Stress Tests
The Committee of European Banking Supervisors announced that seven out of 91 European banks failed its stress tests and would have had a Tier 1 capital ratio of less than 6% following an adverse…
US Treasury To Dump More Citigroup Shares, Perhaps Fearing The Impact Of Financial Reform
The US Treasury Department may have lost faith in Citigroup (NYSE: C), perhaps because the new financial reform laws will undermine its earnings. What one hand giveth, the other taketh away. The Treasury means…
Today’s Best Market Rumors (7/23/2010)
Updated throughout the day. GM plans to file for an IPO the week of August 16 (various) Bank of America Corporation NYSE: BAC) plans to sell some of its private equity assets (Bloomberg)
Twitter-24/7 Wall St. Market Watch (7/23/2010)
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…
Blistering Growth At McDonald’s
It is extraordinary that the largest fast food chain is in the world’s is also the one that is growing the most rapidly. But, that is the case with McDonald’s (NYSE: MCD) Revenue grew…
Verizon: One-Time Charges Weigh, Growth Slows, 4G Coming
Verizon posted very modest quarterly result which included a charge for lay-off, slow growth in its wireless and broadband-to-the-home products, and a further deteriorating of its legacy landline business. Verizon reported a loss of…