Facebook Gets Another $120 Million Investment
“Never give a sucker and even break; never wise up a chump” — WC Fields Facebook does not need anymore investment capital. It has raised several hundreds million in the last year. The company…
All Work
Douglas A. McIntyre
Danone Plans To Make Money On 10 Cent Yogurt
Danone plans to make money selling 10 cent yogurt in places where people have less than $1 a day to spend on food. The price of some Danone products will be 7 cents in…
A Telsa $226 Million IPO: A Road To Disaster
Telsa’s IPO priced at $17, above the anticipated range of $14 to $16. The company sold 3.3 million shares and raised $226 million. The IPO was the first for a US car company since…
Media Digest 6/29/2010 Reuters, WSJ, NY Times, FT, Bloomberg
Reuters: The financial reform bill may be delayed until mid-July. Reuters: The storm in the Gulf may delay oil clean-up. Reuters: Oil fell to $77. Reuters: Baidu Inc (NASDAQ: BIDU) will hire US engineers…
The Twenty Most Productive Nations In The World
24/7 Wall St. decided to find the most productive countries in the world. The challenge of creating this list could be framed in a number of ways, including selecting a source for the data…
What Byrd’s Death Means for Financial Reform and Beyond
By John Hudson West Virginia Senator Robert Byrd died Monday at 92. He was an outspoken proponent of legislative power and served in the Senate for 51 years, longer than anyone else in American…
Bank For International Settlements: Deficits Are Crippling
The Bank for International Settlements made two observations in its 8oth Annual Report. One made sense. The basis for the second is a mystery. Much like the declaration of the G-20 nations, the BIS…
Today’s Best Market Rumors (6/28/2010)
Updated throughout the day. Foursquare is close to raising money for expansion (WSJ) The owners of British coal miner Scottish Resources Group are seeking to bank more than £200 million (Reuters) Douglas A. McIntyre…
Apple Sells 1.7 Million iPhones In Three Days, Most Successful Product Launch
Analysts wondered if Apple Inc had sold 1 million iPhones on its first day on sales. Probably so, because the company has announced that it sold 1.7 million units in the first three days…
The Twitter-24/7 Wall St. Stock Market Report 6.28.2010 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 American Economy: Making Money By Keeping People Unemployed
The secret to the amazing increases in productivity in the American economy is finally out. Companies in the US are not hiring full-time workers. They are gambling that they can keep their margins high…
China Factory Output Down Nearly A Fifth As Other Car Companies Look On
Honda says that its factory output in China fell nearly 20% in the month of May. The labor dispute between Chinese workers and the Japanese car company worsened in June, so its financial impact…
BP May Have Met Its Match In The Weather
BP plc (NYSE: BP) may be close to capturing all the oil coming from the leak of the Deepwater Horizon rig. It caught 28,000 barrels of the rising crude on Saturday. Most estimates put…
The Failure Of G-20 Meeting And The Trouble Financial Future
It will be harder to stabilize the global economy based on the principles which came out of the G-20 Toronto meeting than to put a camel through the eye of a needle. The G-2p’s…
24/7 Wall St.’s Corporate Power Rankings: Week 24
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 6/29/2010 Reuters, WSJ, NYTimes, FT Bloomberg
G Reuters: Thick oil hit the Mississippi coast as a large storm moved toward the Gulf. Reuters: BP plc’s (NYSE: BP) oil spill costs hit $100 million a day. Reuters: G20…
Tropical Storm Alex Moves Inland, Threatens The Gulf
Alex, now a tropical storm, with sustained winds of 40 mph, moved inland on the eastern coast of Mexico, and is expected to emerge into the Gulf where warm waters could strengthen the storm.…
UK Prime Minister Fears BP’s “Destruction”
The new UK Prime Minister David Cameron told Canadian broadcaster CBC, “It is … in all our long-term interests that there is some clarity, some finality, to all of this, so that we don’t at…
Foreign Investors Buy Into Shale Gas Play
Earlier this year Pioneer Natural Resources Co. (NYSE:PXD) said that it was seeking bids from potential partners to develop its holdings in the Eagle Ford shale gas play in south Texas. At the time,…
Ford’s Big Sell Off
Ford Motor (NYSE: F) stock is down more than 23% during the last three months, which is significantly more than Toyota Motor (NYSE: TM) or Honda Motor (NYSE: HMC). At first glance, the comparisons…