The Worst CEOs In American History
The age of the American CEO did not begin until the end of the 19th century. Prior to that time, all the largest businesses in America were run by owners and families acting as…
All Work
Douglas A. McIntyre
Financial Leaders Worry About Future, Do Nothing
Peter Peterson, who founded Blackstone and is on all the billionaire lists, started his own charity, The Peter G Peterson Foundation. Much of the work that the organization does involves getting opinions from the…
Google Losing Chinese Market Share Isn’t the Problem
This morning Goldman Sachs removed Google Inc. (NASDAQ:GOOG) from its ‘Conviction Buy’ list and Google shares are up slightly today though still down around 15% since January. Credit Suisse, at the same time, downgraded…
S&P Downgrades Portugal, Greece Cut To Junk
In another sign that the sovereign debt problem in Europe could spread beyond Greece, S&P downgraded the debt of Portugal by two levels to A- from A+. Greece’s debt was simultaneously cut to “junk” on concerns that…
The Month’s Biggest Index Gainers: Broadcast TV, Vehicle Rental, and Radio Stocks
There were strong gains in three Tickerspy indexes over the most recent 30-day period. This month’s biggest gainers are in broadcast TV, vehicle rental, and radio stocks. Broadcast TV stocks are up 30.8% in the past month. The best…
Derivatives Matter As Part Of Finance Reform
By Max Fisher, The Atlantic Wire Derivatives, a special kind of investment, played a key role in the financial crisis and generated $20 billion for Wall Street last year. They are also central in…
Case-Schiller Home Data Goes Up–To Zero
The S&P-Case-Schiller housing data for February looked good year-over-year. Otherwise, most of the numbers were relatively poor. The research showed that “the annual rates of decline of the 10-City and 20-City Composites improved in…
Today’s Best Market Rumors
Updated throughout the day. UAL (NASDAQ: UAUA) and Continental (NYSE: CAL) are fighting over the respective value of their companies as they attempt a merger. A class action suit brought by female employees against Walmart (NYSE:…
The Twitter-24/7 Wall St. Stock Market Update 4.27 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 Global Imbalance Myth
By John Tamny of Forbes A popular opinion held by economists and writers is that “global imbalances” caused the global financial crisis. Ben Bernanke unsurprisingly embraces this fallacy with great vigor, as does Bank…
Ford Soars
Ford Motor Company (NYSE: F]) reported first quarter 2010 net income of $2.1 billion, or 50 cents per share, a $3.5 billion improvement from first quarter 2009, as strong selling new products, improvements in…
Will RIM’s New Operating System Save It Market Share?
Research-in-Motion (NASDAQ: RIMM) will release a new operating system which it says will allow its customers to move around the internet more quickly and make the use of its screen dynamics easier for consumers…
Auto Sales Probably Took A Sharp Dive In April: Toyota, Ford, And GM Will Fight For No.1 Spot
The incentives that drove March domestic car sales have begun to go away. These were driven primarily by manufacturers who needed to match Toyota’s (NYSE: TM) discounts as it tried to regain market share on the…
Americans Regain Their Faith In Stock Market
The DJIA fell from over 14,000 in October 2007 to under 6,600 in March 2009. It was a historic drop that left many Americans without savings or retirement funds and drove many of them completely out…
Short Sellers Exit Citi, Feed On Ford
Short-sellers walked away from Citigroup (NYSE: C),dropping their position by 20% in the period that ended May 15. They could not have anticipated that the Treasury would sell a huge amount of its holding in…
Media Digest 4/27/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: A new panel to address the budget deficit will start work. Reuters: A lawyer for Goldman Sachs Group (NYSE: GS) said it is not an “evil empire.” Reuters: The euro slipped on concern…
24/7 Wall St.: List Of Financial Reform Vote By Senator
The vote on the “original bill to promote the financial stability of the United States by improving accountability and transparency in the financial system, to end “too big to fail”, to protect the American…
Testimony Of Goldman Sachs CEO Llyod Blankfein, Without Comment
Here is the transcript of the testimony that Goldman Sachs Group (NYSE: GS) CEO Lloyd Blankfein will give tomorrow, April 27. A number of the media have tried to make the case that a great…
Wal-Mart Hit With Court Ruling On Discrimination, Costs Could Be Huge
The UNITED STATES COURT OF APPEALS FOR THE NINTH CIRCUIT made a ruling today that could cost Wal-Mart a lot of money in federal court and in the court of public opinion. It will allow…
Google Kicks Verizon To The Curb, Rejects Carrier For Nexus One
Google (NASDAQ: GOOG) reversed course today and said it will not offer its Nexus One handset on the Verizon Wireless network. The reason for the decision is a secret but almost certainly represents a large…