States And Cities Will Beg For Funds
It is old news that states and municipalities face deficits not only in their budgets but also in their pensions. The pension issue could become a crisis in a few years as these funds…
All Work
Douglas A. McIntyre
Kindle And iPad Lose Reading Speed Race To Print
Print has won at least one victory over the e-readers including the Amazon.com (NASDAQ: AMZN) Kindle and Apple Inc. (NASDAQ: AAPL) iPad. Readers can read printed content more quickly than material downloaded to electronic…
Corporations Prepare For Less Access To Capital
The demand for capital by large nations has not begun to squeeze corporate borrowers out of the market, but it may soon. Companies will have to gird themselves for a time when their access…
Lake Pontchartrain Hit By Oil Spill
Lake Pontchartrain, home to a fragile ecosystem, has begun to see the effects of the oil leak in the Gulf. The lake has already been ravaged by Hurricane Katrina. The presence of oil in…
Media Digest (7/6/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
MarketWatch: Goldman Sachs Group (NYSE: GS) was upped to overweight at JPM. Reuters: Large shareholders of BP plc (NYSE: BP) were against the oil company raising a large sum of capital by issuing new…
24/7 Wall St.’s Corporate Power Rankings: Week 25
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…
BP plc Close To $9 Billion Finance Package, Test Of “The Whale” Goes Nowhere
BP plc (NYSE: BP) got two piece of news today, one much better than the other. The Wall Street Journal reports that the oil company has probably brought in $9 billion in financing, about…
Saudis Will Stop Exploring for More Oil
King Abdullah of Saudi Arabia has reportedly called for a halt to exploring for more oil in the country that already claims the world’s largest deposits of crude. The Saudis claim to have recoverable…
Vampire Movie, “The Twilight Saga: Eclipse” Grosses $161.2 Million
“The Twilight Sage: Eclipse” has grossed $161.2 million since Wednesday, a breathtaking amount, even for a vampire movie. “That’s one of the biggest five-day debuts in Hollywood history, previously surpassed by just a handful…
China Car Sales–A Little Less Attractive To US Companies
China’s car sales increases slowed very sharply in June, up only 10% compared to the same month last year, according to the China Automotive Technology & Research Center. The news comes four days after…
BP Clean-Up Costs Move Above $3 Billion As Company Pushes Partner Payments
BP plc (NYSE: BP) said its costs for the Gulf clean-up of the oil spill have hit $3.12 billion. The company recently demanded that its two partners in the Deepwater Horizon catastrophe pay their…
Latest Oil Collection Hope Is For “The Whale”
The US Coast Guard and BP plc hope that a massive Taiwanese tanker fitted with special oil collection equipment can skim massive amounts of crude from the surface of the Gulf. The ship has…
GM IPO Could Come In August
GM’s IPO may come as early as next month after a long period of media speculation about the event and comments from the car company’s CEO Ed Whitacre, according to several media reports. GM…
California Applelate Court Upholds Schwarzenegger’s Plan To Pay State Employees The Minimum Wage
California’s 3rd Appellate District court in Sacramento ruled state Controller John Chiang must comply with an order by Governor Arnold Schwarzenegger to lower the pay of almost 200,000 state workers to the federal minimum…
This Month’s Biggest Index Gainers: Chinese Telecom, Chinese Solar, and Oil and Gas Stocks
Despite the bearish market, three Tickerspy indexes which posted substantial gains over the last 30-day period. This month’s biggest index gainers are Chinese telecom, Chinese solar, and oil and gas pipeline stocks. Chinese telecom stocks…
Oil Leak Likely To Hit Miami
NOAA has made projections of the likely path of the Deepwater Horizon rig spill. The model for the forecasts is based on ocean and weather patterns determined by government agencies. In the technical report…
Australia Lowers Excess-Profits Tax Proposal (BHP, RTP, XSRAY, VA
Last week’s change in Australian prime ministers has produced an early result for mining companies with assets in the country. A proposed excess profits tax of 40%, put forth by the former government, has…
New Regulations Could Limit Health Insurers’ Profits (UNH, AET, HUM, WLP, CI, ANAT, AIZ)
The next major change coming to the US health-care industry is due to take effect on January 1, 2011. The health care reform act includes a restriction on how much an insurer can spend…
Bank of China to Seek Funds Through Rights Issue
Trading in shares of Bank of China Ltd. (OTC: BACHY) was halted on the Hong Kong stock exchange yesterday for no specified reason. Shares did continue to trade on the Shanghai exchange. Presumably the…
Why Plummeting Home Sales Matter
By Max Fisher of The Atlantic Wire U.S. pending home sales, home construction, and mortgage applications all declined significantly in May, according to newly released statistics. While the drop was expected due to an…