A Pause In Apple’s Creativity
“A strong wind cannot blow all day”–Lao Tzu Apple Inc’s (NASDAQ: AAPL) sold off yesterday after Steve Jobs introduced the new iPhone, the fourth generation of the product. The market did not seem to…
All Work
Douglas A. McIntyre
Media Digest 6/8/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Bernanke said Europe is committed to keeping the euro as currency. Reuters: Congress has begun the final stage of financial reform legislation. Reuters: Apple Inc. (NASDAQ: AAPL) introduced the new iPhone. Reuters: Foxconn…
The 24/7 Wall St. Fifty Least Trustworthy Companies in America
24/7 Wall St., working together with independent research firm Audit Integrity, has compiled a list of the companies with the least transparent governance and accounting practices. The list is based on publicly available information…
Consumer Credit Up $1 Billion In April–A Rounding Error
The Federal Reserve announced that consumer credit rose $1 billion from March to April, a meaningless number because of its size. Total outstanding consumer credit for the month was $2.44 trillion. The figure has…
US Cost Of Euro Bailout Will Only Be $100 Billion
The costs to US taxpayers for bailing out the week Euro nations will only be $100 billion, a bit less than the price tag for salvaging GM, Bank of America Corporation (NYSE: BAC), and…
Germans Citizens Make Another Contribution To Eurozone
German taxpayers have already given a great deal to their Eurozone partners by funding $50 billion of the region’s nearly $1 trillion financial security package. The massive rescue facility has not calmed doubts about…
The Below Average CEO: Paul Jacobs Of Qualcomm
Average: (Noun) 2 a : an estimation of or approximation to an arithmetic mean b : a level (as of intelligence) typical of a group, class, or series – Webster Qualcomm, Inc. (NASDAQ: QCOM)…
Wal-Mart’s College Program: Sign of a Benevolent Giant?
By John Hudson of The Atlantic Wire The country’s largest private employer turned heads Thursday when it announced a new program to award employees college credit for jobs such as truck loading and ringing…
Today’s Best Market Rumors (6/7/2010)
Updated throughout the day. Walt Disney (NYSE: DIS) is in new talks to sell Miramax (LA Times) Sony (NYSE: SNE) Discovery Communications, and IMAX will launch a 3D venture (NYPost) AT&T (NYSE: T) is…
The Twitter-24/7 Wall St. Stock Market Report 6.7.2010 The Wisdom Of Crowds?
This is the Twitter-24/7 Wall St. market report for June 7, 2010. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
UK PM Gives Frightening Forecast For Nation’s Finances
Prime Minister David Cameron of the UK is no Winston Churchill. He gave a chilling speech about the future of his nation’s finances, perhaps as a possible means to frighten its citizens to accept…
Airline Industry To Post An Improbable Profit
The IATA, the industry’s trade group that represents 220 carriers, said that the sector will post a profit this year. The exception to the move into black ink will be Europe. The agency had…
GM Returns To The Super Bowl
GM better have that $40 billion IPO this year or early next. It is giving cars to baseball pitchers and putting people and dealers out of work at a torrid pace. It is doing…
China Becomes The High-Cost Provider Of Goods
China has a problem. Before the recession it was clearly the low-cost provider of goods among the largest nations of the world. Its inexhaustible workforce were another advantage. Its manufacturing facilities are massive. It…
BP: No Such Thing As Catching A Problem Too Early
The caricature of best business practice, exemplified by private equity firms, large corporations, venture capital operations, and Ivy League graduates, is to be deliberate and slow when making decisions. Entrepreneurs and investment bankers shoot from…
Reports of the Death of TV Networks Are Exaggerated
Media companies and investors are treating the broadcast television businesses as if they had the plague. There are rumors that Walt Disney Co. (NYSE: DIS) wants to dump ABC and that General Electric Co.…
24/7 Wall St.’s Corporate Power Rankings: Week 21
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 6/7/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
MarketWatch: The Nikkei dropped 3.8%. Reuters: The euro dropped to a four-year low as investors exit risk. Reuters: Foxconn will up wages after suicides. Reuters: Economists expects a slowdown but not a double dip…
More Concern The Global Banks Could But Hurt By EU Finances
There has been speculation that banks outside Europe could be badly damaged by the default of debt by several EU sovereign nations or the collapse of banks within their boarders. US and UK banks…
National Employee Morale Day At Oracle (ORCL)
Oracle Corporation (NASDAQ: ORCL) will deepen its cost cuts as part of its buyout of Sun Microsystems. Sun employees have already endured years of job reductions as the firm’s revenue and market share were…