Amazon.com E-Reader Sales Leap: The Death Of Print
Print, which has been on the heart and lung machine for more than a decade, may finally be ready to give up the ghost. Many analysts thought newspapers and magazines would be the first…
All Work
Douglas A. McIntyre
Homebuilder Confidence Collapses, Congress Needs To Renew Buyer Credits
Homebuilder confidence for newly built, single-family homes declined for a second consecutive month in July to its lowest level since April 2009, according to the National Association of Home Builders/Wells Fargo Housing Market Index…
Boeing, EADS Taking Names (BA, GE, EADSY)
To mark the beginning of the world’s largest air show at Farnborough, Boeing Co. (NYSE: BA) has announced two large orders. Dubai’s Emirates Airlines plans to buy 30 plans Boeing 777 long-range jets and…
Today’s Best Market Rumors (7/19/2010)
Updated throughout the day. “American International Group Inc.’s appointment of Mark Tucker as chief executive officer of its Asian unit shows AIG may eventually be planning a takeover bid of Prudential Plc’s division in…
Despite Awful Policy, the U.S. Economy Is Not Doomed
John Tamny of Forbes The increasingly popular belief that Washington’s present policy mistakes mark our long-term doom is completely overdone. Not excusing the Obama and Bush presidencies for one second, China and the former…
The Twitter-24/7 Wall St. Stock Market Report 7.19.2010 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…
China Passes US In Energy Use
China is now the world’s biggest energy consumer, taking the place the U.S. ha had it held one hundred years, according to new data from the International Energy Agency. China used a total of…
BP Clean-Up Costs Reach $4 Billion
BP plc’s (NYSE: BP) direct costs to clean up the damage from its leaking well in the Gulf of Mexico rose to $4 billion over the weekend. That is a relatively small amount compared…
24/7 Wall St.’s Corporate Power Rankings: Week 27
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…
Moody’s: A Very Late Downgrade Of Ireland
Moody’s downgraded Ireland’s government bond ratings by one notch to Aa2 from Aa1. The credit research firm said: “The government’s gradual but significant loss of financial strength, as reflected by the substantial increase in…
The July 2010 NABE Industry Survey: What Recovery?
Economists and the unemployed have discovered that the recovery is not much of a recovery. GDP expansion may have died in June and there are very few signs that it is improving this month.…
The TARP Program To Increase American Unemployment
The average car dealership probably employs 20 or 30 people. That does not include the truckers who deliver the cars, the people who provide basic services, or the employees in the town where the…
Media Digest 7/18/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Moody’s downgraded Ireland’s debt. Reuters: Engineers detected seepage around the capped BP well. Reuters: The National Association for Business Economics says companies will begin to hire again but the service sector will be…
Motorola Droid X Sold Out
Consumers who want to buy a new Motorola (NYSE: MOT) Droid X from Verizon Wireless may want to buy an Apple Inc (NASDAQ: AAPL) iPhone 4 instead, even if it comes with a rubber…
Airlines Set To Fly To Near Record High Revenues For Second Quarter
Starting with Monday’s 2nd quarter earnings release by Delta (NYSE: DAL) and ending on July 29thwith Southwest (NYSE: LUV),AirlineFinancials.com estimates the nine largest US airlines will report an accumulated $1.77 billion in net profitson…
Six Banks Fail As Total Nears 100
Six more American banks failed. The FDIC and state bank authorities took over each one and sold the assets off to other firms. The tally of banks that failed this year is now 96.…
Jobs iPhone Fix Speech Pushes Apple Higher On Offer Of Rubber Phone As Market Drops 2.5%
Steve Jobs is an excellent public speaker. He proved that again when he defended the issue of reception problems with the Apple (NASDAQ: AAPL) iPhone 4. Apple’s stock is up about .5% to $252.05…
Consumer Confidence Collapses As “Recession” Returns
The Thomson Reuters/University of Michigan’s consumer sentiment index plummeted to 66.5 from 76.0 in June. That was below market expectations for 74.5, according to the news service. The number is at its lowest point…
Honda Going Green with Hybrid-only Civic
There hasn’t been an official announcement yet, but it seems that Honda Motor Co. (NYSE: HMC) will stop building its gasoline-powered Civic for the domestic Japanese market. The company will also stop making its…
Foreign Purchase Of US Assets Wither
The U.S. Department of the Treasury released Treasury International Capital (TIC) data for May 2010. From the data: Net foreign purchases of long-term securities were $35.4 billion. * Net foreign purchases of long-term U.S.…