NOAA: More Fisheries Along Gulf Coast Could Face Closure
In the biggest economic blow of the Deepwater Horizon spill which is by some estimates releasing 5,000 barrels of crude a day into the Gulf of Mexico, the government has closed 5% of the…
All Work
Douglas A. McIntyre
The Twitter-24/7 Wall St. Stock Market Report 5.11 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…
More Volcanic Ash Overspreads Europe
The ash problems aloft over Europe created by an Iceland volcano worsened as the cloud from the eruption began to wander. When the same volcano erupted early in the 19th Century, it belched ash into the…
The JetBlue $10 Ticket And The Return Of Airline Price Wars
It is easy to say that JetBlue’s (NASDAQ: JBLU) $10 two-day ticket promotion is simply a gimmick to celebrate the carriers 10th anniversary, but it has dropped other fares to $44. The pricing will…
China Inflation: Canary In The Coal Mine
Inflation in China, largely controlled during the global recession, roared back in April. The increase in prices comes after news that the nation’s manufacturing index has risen since the beginning of the year. The…
The Deepwater Horizon Disaster And The Search For The Cement Plug
The blame cycle that has emerged about which company caused the collapse of the Deepwater Horizon rig has come around to a cement plug. The “device” is supposed to seal the pipe that runs…
European Bailout Loses Support As Analysts See Flaws
Global markets have begun to reject the value of the nearly $1 trillion facility set up by Eurozone nations, the IMF, and the European Central Bank. The influx of capital was supposed to build confidence…
Media Digest (5/11/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Doubts about the EU plan drove markets down. Reuters: SEC and the exchanges will boost market rules to prevent huge sell-offs. Reuters: A Fed official said nations must rebalance their inward and outward capital flows.…
Moody’s Could Still Cut Greece To “Junk”
The $1 trillon EU bailout package has not fooled the keen analysts at Moody’s–the same organization that helped bring the world the mortgage-securities catastrophe. The ratings agency clearly thinks that the entire program will…
Timber Companies Follow Homebuilders (LPX, WY, BZH, PHM, DHI, XHB, CUT)
Perhaps one way to get a read on where housing construction in the US is headed is to look at the companies who supply the lumber that goes into new construction. Louisiana-Pacific Corp. (NYSE:LPX)…
Google Android Crushes Apple In Mobile OS Race
Google Inc’s (NASDAQ: GOOG) Android mobile OS is being adopted at an rapid pace by hardware firms from HTC to Motorola (NYSE: MOT). Google also has its own Android handset–the Nexus One. The adoption rate of Android…
Will Nearly $1 Trillion EU Bailout Plan Work?
By Heather Horn of The Atlantic Wire Just as pessimism over euro-zone disorder was reaching its peak, the EU has announced a massive bailout plan to counter what The Wall Street Journal calls a…
The Good Part Of Being Goldman Sachs
The government may have filed civil actions against The Goldman Sachs Group (NYSE: GS) and criminal charges may be coming. The bank also disclosed in its 10-Q that the feds could force it to suspend…
The Twitter-24/7 Wall St. Stock Market Report 5.10 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…
Fannie Mae Says Its Long-Term Viablity May Be At Risk, Needs $8.4 Billion
Admitting what the market already knows, Fannie Mae (NYSE: FNM) said in its 10-Q that Accordingly, there continues to be uncertainty regarding the future of Fannie Mae, including whether we will continue to exist in our…
Goldman Sachs 10-Q Details Worst Case Scenario
It the filing of its 10-Q, The Goldman Sachs Group (NYSE:GS) said its was cooperating with federal authorities on charges that include SEC allegations of fraud and possible criminal charges from the Justice Department. The financial…
Oil Down, Gasoline Prices Up
The highly regarded Lundberg Survey said that the price of regular grade gas rose 7 cents in the last two weeks to $2.92. The average price of premium was up to $3.16. The sell-off in…
Weather Pushs Gulf Oil Spill Toward Texas
There has been a great deal of concern that the oil slick created by 5,000 barrels a day from the wrecked Deepwater Horizon would hit beaches in Louisiana. Alabama, and perhaps Florida. In each…
The EU Rescue: End Of “Wolf Packs” But Not Riots
The EU laid out its ambitious plan to steady the finances of the region. The three-part program was explained by the group: “The Council and the Member States have decided today on a comprehensive package of measures to…
24/7 Wall St.’s Corporate Power Rankings: Week 17
These are 24/7 Wall St.’s Corporate Power Rankings for Week 17.