Today’s Best Market Rumors (7/21/2010)
Updated throughout the day. BP plc’s CEO Tony Hayward will step down, or not (Times of London, Reuters) AIG (NYSE: AIG) picked Morgan Stanley (NYSE: MS) and Goldman Sachs Group (NYSE: GS) to handle…
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Douglas A. McIntyre
The Twitter-24/7 Wall St. Stock Market Report 7.21.2010 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 10 Biggest Brand Disasters of 2010 (BP)(DELL)(SNE)(GS)(JNJ)
By Douglas A. McIntyre, 24/7 Wall St. It’s been a rough year for those in the branding business at big corporations. SEC investigations, massive product recalls and oil spills (among more traditional factors like…
Google Images Hits One Billion Page Views A Day
Google (NASDAQ: GOOG) now has more than 10 billion images in its “image” section and consumers access the service at the rate of one billion pageviews day. Google Images was launched in 2001 with…
Driving The Plug-In Hybrid To Oblivion
The plug-in hybrid, a car that uses the same socket as a vacuum cleaner, or at least one close it, has gotten the full force of backing from the Obama Administration. The President believe…
BP CEO Tony Hayward Is Here To Stay, And Lord Browne Takes The Blame
BP plc (NYSE: BP) may be in desperate trouble, but its CEO Tony Hayward will not be fired. According to Reuters, he has the full support of the company’s board. It does not matter…
Government Anti-Foreclosure Program Falters
The Administration’s anti-foreclosure program, part of the $75 billion HAMP initiative, has posted worse results as time has passed. More than 91,000 homeowners cancelled their government loan modifications in June, while about 39,000 received…
The States With The Highest Unemployment For The First Six Months
There are ten states which have had unemployment rates consistently above 10% for the first six months of the year. Many also have desperate budget problems, a combination of high social services costs–driven to…
Media Digest 7/21/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: BP plc (NYSE: BP) said as it prepares to sell some assets that its CEO is not leaving. Reuters: The Senate approved an extension of unemployment benefits. Reuters: Apple Inc. (NASDAQ: AAPL) beat…
Apple: Another Walk-Off Home Run Quarter
Apple Inc (NASDAQ: AAPL) usually beats Wall Street expectations, but for the most recent quarter, it outdistanced them by a mile. Apple posted record revenue of $15.7 billion and net quarterly profit of $3.25…
Honda Reveals Plans for Hybrid, All-Electric Vehicles (HMC, TM, TSLA)
Honda Motor Co. (NYSE: HMC) President Takanobu Ito plans to capitalize on the global shift toward smaller cars that offer advanced technology to reduce both petroleum consumption and carbon dioxide emissions. Ito set out…
Today’s Best Rumors (7/20/2010)
Updated throughout the day. The CEO of Nokia (NYSE: NOK) Olli-Pekka Kallasvuo is on the way out (WSJ) Robert H. Benmosche of American International Group (NYSE: AIG) may have set up two deals by…
The Twitter-24/7 Wall St. Stock Market Report 7.20.2010 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…
Goldman’s Good Quarter, Firm Bows To Pressure On Compensation
Wall St. was disappointed by the quarterly report from Goldman Sachs Group (NYSE: GS) and its shares dropped 4%. The investment bank actually did remarkably well and nearly returned to pre-SEC investigation form when…
BP May Face $18 Billion In Fines From US
The US Clean Water Act has provisions that could allow the American government to charge BP plc (NYSE: BP) up to $4,300 per barrel of oil spilled into the Gulf. According to The New…
China Admits Europe Is A Problem
It may be a ruse, but China now says that problems in the economies of Europe will undermine the growth of its exports in the second half. The Ministry of Commerce said “The sovereign…
Extended Job Benefits: Ethics And Economics Join Hands
The bill to extend jobless benefits has passed the House but has been blocked in the Senate for nearly two months. The Administration has two Republicans who will support the legislation, and Senator Robert…
Toyota: The Real Beatings Begin
There has not been much news about the recalls of Toyota Motor (NYSE: TM) cars and trucks recently. The largest of these happened in the winter and involved more than 8 million vehicles worldwide.…
Intel Dodges Antitrust Charges Because It Sells Hardware
Intel Corporation (NASDAQ: INTC) is either lucky or good. It managed to walk away from FTC monopoly charges with barely a hand slap. The FTC cannot levy fines, so it will simply set up…
Media Digest 7/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
WSJ: Nokia (NYSE: NOK) will begin the search for a new CEO. Reuters: BP plc (NYSE: BP) will continue its work on the leaking well and said seepage had nothing to do with its…