BP Slick Moves East Quickly
Some predictions show the spill from the Deepwater Horizon wreck will extend up the East Coast and into the middle Atlantic by August. The current NOAA map shows the oil slick already moving in…
All Work
Douglas A. McIntyre
2010 Bank Closings Hit 81, Costs May Hit $100 Billion
The FDIC closed three banks Friday bringing the total to 81 for this year. The news raises the question of whether the $45 billion that the agency raised last year by getting members banks…
Worldwide Shipping is Stalling
As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity and global economy.…
Today’s Best Market Rumors (6/4/2010)
Updated throughout the day. Update 1:45 PM EST: Tellabs Inc. (NASDAQ: TLAB) is at risk of losing much of its AT&T business due to vendor consolidation (Barclays research downgrade). Shares down over 11% at…
The Twitter-24/7 Wall St. Stock Market Report 6.4.2010 The Wisdom Of Crowds?
SJ 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…
Key To May Jobs Report: Ignore Census Hiring
Consensus estimates are that there were 520,000 to 540,000 jobs created in May, the largest gain in 27 months. About 400,000 of those were due to temporary jobs created by hiring for the Census.…
ICSC: Retail Sales Up 2.6% In May
The retail shopper may be running low on steam. The ICSC says its data shows that retail sales were up only 2.6% in May. Tight credit, a flight to savings, and worries about employment…
Barnes & Noble, Hurt By Kindle, Offers Incentive
There are many estimates of the size of the e-reader market and which companies have the most market share. Amazon.com (NASDAQ: AMZN) claims it has sold “millions of Kindles” and that the device is…
Ballmer’s Defense Of The PC Supported By Facts
Microsoft (NASDAQ: MSFT) CEO Steve Ballmer says the future of the Windows operating system for PCs is bright. History is on his side, but is Wall St.’s perception of the future? Windows runs on…
McDonald’s Recalls 12 Million “Shrek” Glasses
McDonald’s (NYSE: MCD) describes its collaboration with the producers of the animated “Shrek” movie, which appeals to youngsters, as a way “to encourage kids around the world to make balanced eating choices. ” It…
Walmart To Aid Employees To Get College Educations
Walmart (NYSE: WMT) plans to help 1.4 million of its US workers to get a higher education. The company announced that “Walmart’s Lifelong Learning Program will make it more convenient and more affordable for…
Media Digest 6/4/2010 Reuters, WSJ, NYTimes FT, Bloomberg
Reuters: More doubts about the global economy arose as the G20 prepares to meet. Reuters: American International Group (NYSE: AIG) is not sure about the future of AIA. Reuters: Census hiring…
Oil Spill May Move Up the Atlantic Coast
The National Center for Atmospheric Research has put together computer models that show the slick from the Deepwater Horizon leak reaching the East Coast and well into the Central Atlantic by Labor Day. The…
The Oil Spill And A Storm Surge
The federal government has not made public any forecast of what would happen if a storm the magnitude of Katrina occurred over the next two months and the Deepwater Horizon leak continued at its…
Is Peak Oil Finally Here?
The US Energy Information Agency has released its annual International Energy Outlook for 2010, and in contrast to its usually positive forecast for energy supply and demand, has seriously pulled back on its prognosis…
Jeff Zucker’s Troubled Legacy at NBC
According to the New York Post, embattled NBC Chief Jeff Zucker has secured a golden parachute worth between $30 and $40 million. Though General Electric (NBC’s parent company) denies it, anonymous sources tell the…
Consumer Bankruptcy Filings On Course to Top 1.6 Million in 2010
Depending on how you look at it, the latest news on consumer bankruptcy filings means things are getting a bit better or they’re getting a bit worse. According to the American Bankruptcy Institute, US…
Today’s Best Market Rumors (6/2/2010)
Updated throughout the day. The former management team of KBC Alternative Investment Management will launch a hedge fund later this year (Financial News) BP plc (NYSE: BP) CEO Tony Hayward will be fired this…
The Twitter-24/7 Wall St. Stock Market Report 6.3.2010 The Wisdom Of Crowds?
This is the Twitter-24/7 Wall St. market report for June 3, 2010.These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Government Data Shows Spill Surge Toward Florida
Government data provided by the NOAA shows that the oil from the Deepwater Horizon is moving rapidly to the east. The agency reported that NOAA scientists continue to generate surface oil trajectories. In the…