Ford Delivers: Strong Earnings
Ford’s recovery is now complete, if it was not already. Ford reported second quarter net income of $2.6 billion, or $.61 per share, a $338 million improvement from second quarter 2009. Pre-tax operating profit…
All Work
Douglas A. McIntyre
In China, The Smuggling Of Apple iPads Begins
China is well-known for its theft of intellectual property and products which are not readily available in its markets. Microsoft (MSFT) has had to deal with the piracy of Windows for years which is…
ECB President Calls For Austerity Around The World
Austerity is not just the antidote for the financial trouble in Europe, says ECB head Jean-Claude Trichet. It is time for the industrial nations all to cut spending sharply and raise taxes. The ECB…
Pay Czar: Did Wall Street Managers Take High Comp As System Collapsed
Pay czar Ken Feinberg will issue a report which shows that some senior managers at firms which include Citigroup (NYSE: C), JPMorgan Chase (NYSE: JPM) and Goldman Sachs Group (NYSE: GS) made hundreds of…
Walmart Means To Spy On Clothing Use
Walmart (NYSE: WMT) plans to put radio chips into clothing including underwear. The big box retailer wants to know what and how much people buy so it can order enough inventory. Walmart will be,…
Media Digest 7/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Microsoft Corporation (NASDAQ: MSFT) beat Wall St. expectations but it stock did not move. Reuters: The pay czar will criticize Goldman Sachs Group, Citigroup (NYSE: C), and JPMorgan Chase (NYSE: JPM)…
Dell Reaches Settlement, Agrees to Pay SEC $100 Million
Today, Dell Inc. (NASDAQ: DELL) announced that it has agreed to a $100 million settlement with the Securities and Exchange Commission regarding the agency’s investigation into the company’s business practices with the chip maker,…
Microsoft Delivers A Big Quarter, But Online Operations Lose $696 Million
Microsoft (NASDAQ: MSFT) announced record fourth-quarter revenue of $16.04 billion for the quarter ended June 30, 2010, a 22% increase from the same period of the prior year. Operating income, net income and diluted…
Today’s Best Market Rumors
Updated throughout the year. Blackstone may buy some of Morgan Stanley’s (NYSE: MS) Japanese interests. The pay czar will release compensation details of some Wall St. managers who received huge pay packages during the…
The Twitter-24/7 Wall St. Stock Market Report 7.22.2010 The Wisdom Of Crowds
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…
The iPad Passes The Kindle
Recent research shows that the number of Apple Inc. (NASDAQ: AAPL) iPads has passed the number of Amazon.com (NASDAQ: AMZN) Kindles in the hands of consumers. The news could undermine Amazon’s successful e-book store…
Europe’s Economy Expands More Than Expected
Markit’s Eurozone Flash Services Purchasing Managers’ Index showed an expansion of the EU economy this month that was not expected. It was the first improvement in three months as the index rose to 56.7…
In Bernanke We Trust?
Ben Bernanke, head of the Federal Reserve, is credited by many people for lifting America and much of the rest of the world out of the financial crisis of 2008 and early 2009. He…
Congress, The Author Of Financial And Health Care Reform, Has Little Public Confidence
Congress has been at the center of most of the revolutions that have affected or will affect life in America now and over the next several decades. There is nothing new about that, but…
As Starbucks Stores Brim To Overflowing, Investors Sell The Stock
The stock market was unsettled by Starbucks quarterly results. Revenue rose a very modest 9% to $2.6 billion, which is not impressive given the economic recovery of middle and upper class discretionary spending. Comparable…
How The Movies Killed Netflix
Wall St did not like the results of Netflix (NASDAQ: NFLX) last quarter and flogged the movie rental company’s shares as if they were Blockbuster’s, taking 10% off its market cap. Investors have come…
Media Digest 7/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) defended its CEO as it considered new options to kill the well. Reuters: The Senate voted to restore jobless benefits. Reuters: Obama’s budget review may trim the 2010 projected…
This Month’s Biggest Index Gains: Chinese Solar, MLPs, and Chile Stocks and ADRs
Three Tickerspy indexes posted substantial gains over the last 30-day period. This month’s biggest index gainers are Chinese solar, MLPs, and Chile stocks and ADRs. Chinese solar stocks have gained 19.7% in the past month.…
Apple iPad Teams With Magazine Industry: Good Bad & Ugly
It’s been a while since I reported on my iPad–which, since those first few posts, has convinced about 2.7 million more people to give it a try. It’s now become my only travel device,…
Chinese Deny #1 Ranking in Energy Consumption
The ink was barely dry on a report from the International Energy Agency that China now topped the US in energy consumption when the Chinese government called the report “not very credible.” The IEA…