National Employee Morale Day At British Telecom
BT employees are not willing to see 15,000 of their number thown under a bus. They will strike to protect jobs. Running a telecom without people is still very hard no matter how good…
All Work
Douglas A. McIntyre
BP Oil Spill Costs Top $450 Million As Questions About The Dénouement Rise
BP plc (NYSE: BP) says the costs of cleaning up and attempting to cap the oil flow from what is left of the Deepwater Horizon have risen above $450 million. According to The Wall Street…
Sprint: Who Wants 4G?
The premise behind the turnaround plans of Sprint-Nextel (NYSE: S) is that the 4G WiMax ultra-fast wireless network that it is building with Clearwire (NASDAQ: CLWR) with the financial support of Intel (NASDAQ: INTC) will draw…
Sony Earnings And Prospects Still Dismal, Time To Break It Up
Sony (NYSE: SNE) said that its numbers for the fiscal year ending on March 31 were better than last year. They were, but only marginally. And, in several key segments of its business, the…
The Death Of Wall St.
The Wall Street Journal reports that J.P. Morgan Chase & Co. (NYSE:JPM), Citigroup Inc. (NYSE:C), Deutsche Bank AG (NYSE:DB) and UBS AG are under investigation for allegedly having “misled investors about their roles in mortgage-bond…
A Little Relief In Foreclosure Rates
Mortgage foreclosures are either getting better or worse, depending on the point of view. Realty Trac, which keeps monthly figures on defaults and forecloses, said that there were 333,837 in April. That was down 9%…
Media Digest 5/13/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
NYT: NY Attorney General is investigating eight banks for allegedly providing misleading information about mortgage instruments to rating agencies: The Goldman Sachs Group (NYSE: GS), Morgan Stanley(NYSE: MS), Deutsche Bank (NYSE: DB), UBS (NYSE: UBS),…
Cisco Squeeks Past Estimated With Explosive Earnings
Cisco Systems Inc (NASDAQ: CSCO) reported third quarter net sales of $10.4 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.2 billion or $0.37 per share, and non-GAAP net income of…
Walmart To Spend $2 Billion To Relieve US Hunger
According to the US Agriculture Department, 15% of Americans do not have access to an adequate supply of nutritious food. Walmart (NYSE: WMT) means to relieve a large part of the problem and will devote a large investment to the cause.…
What’s In That Wall Street Bill? Part Two
Last week was a busy one for Wall Street watchers, ending in a dizzying market whiplash on Thursday, the Dow’s biggest weekly point drop since the free fall of October 2008, which left everyone…
Investigation of Morgan Stanley Leaked, Dick Bove Furious
By Bess Levin, Dealbreaker Dick Bove, top ranked analyst covering Morgan Stanley, published a report this morning attacking the Justice Department for keeping its investigation of Morgan Stanley (NYSE: MS) from the company –…
Riots About To Move From Greece To Spain
Recently, Greece decided to cut pensions for its public workers as part of the austerity program developed to bring its deficit from 13% of GDP to 3% in three years – an almost impossible task.…
Short Sellers Hope Silicon Valley Gets Mauled
Short sellers are making large bets that tech shares have reached their high point and are likely to sell off based on data from the NASDAQ and NYSE as of April 30. Shares short…
Very Little For Germany In A United Europe
The head of the IMF, Dominique Strauss-Kahn, has encouraged European nations to join forces more closely by aligning their economies more tightly to combat future disasters like the Greek debt crisis. The steps in the…
American Concern About Immigration Balloons
Concern about employment has dominated American’s worries over the last several quarters, according to Gallup. Surprisingly, or perhaps not upon reflection of the events in Arizona, immigration has become a larger issue with many…
Starbucks Goes Further Down Market To Protect Its Turf
Starbucks Corp (NASDAQ: SBUX), the home of the $4 latte, has moved down market for some time to defend its turf against firms like McDonald’s (NYSE: MCD) which offer less expensive “designer” coffee. The world’s largest…
The Power Of Brands: Google + Verizon Take On Apple
Apple Inc’.s (NASDAQ: AAPL) products are so successful that when it comes to competing with them, every company that tries gets a swing at the pinata. Very few hit it, at least with any…
Media Digest 5/11/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The SEC said there was no single cause of the market plunge. Reuters: The Senate approved a single audit of the Fed. Reuters: Morgan Stanley Group (NYSE: MS) is the subject of a…
Real Estate Prices Up In 91 Of 152 Largest Cities In Q1
The fact that median home prices rose in 91 out of the 152 largest cities in the US does not mean much, unless the fact is in light of the market’s two-year plunge. The…
Zero Hedge: French Banks Short The Euro
France, historically the most self-interested of the Eurozone nations appears to be betting against the continent’s bailout package and its neighbors’ and their economic survival. They are choosing short gain over the region’s long term prospects. According to Zero Hedge, it…