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…
All Work
Douglas A. McIntyre
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…
Canadian Oil Sands: The Race to Secure Energy’s Future
The oil sands deposit in western Canada has been called many things, but Canadian researcher and writer Alastair Sweeney may be the first to call them a “calming, stabilizing force in the world. Sweeney…
Hey Southwest Airlines – Where’s the Beef?
By Robert Herbst After only $99 million profit on $10.4 billion in revenues last year, the best Southwest NYSE: LUV) could do for the recent 1st quarter was a paltry $11 million profit ($24 million…
Today’s Best Market Rumors (4/26/2010)
Updated throughout the day Warren Buffett wants an exception for Berkshire Hathaway (NYSE: BRK.B) as derivative bill nears (WSJ). Blackstone (NYSE: BX) has pulled out of the bidding for RBS (NYSE: RBS) branches. E.ON AG is…
The Twitter-24/7 Wall St. Stock Market Update 4.26 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 Expense Of Healthcare, The Need In The Future
By John Tamny of Forbes Seemingly all sides agreed that health costs should come down in the reform debate. The problem there is that high costs anywhere else are a market positive for predicting…
Oil’s Next Big Surge
Crude oil prices are back above $85 and seem ready to breach $90. The leg from $69 to $85 which began in February had hit a plateau, but optimism about the global economic recovery…
24/7 Wall St.’s Corporate Power Rankings: Week 15
The 24/7 Wall Street Corporate Power Rankings of the thirty-two 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…
China: Technology Thieves Again
China’s tech pirates are at it again. Merchants in the People’s Republic are selling knock-of versions of the Apple (NASDAQ: AAPL) iPad, Reuters reports. They look a bit different from the original but will…
Media Digest 4/26/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Germany’s ruling party is keeping pressure on Greece to restructure debt. Reuters: The growth forecasts of the G20 do not make economic sense. Reuters: Oil moved higher on strong economic numbers. Reuters: The…
The Growing Despair Of The American Workforce
The recession is over and unemployment will begin to drop shortly from its perch near 10%. Larry Summers, the head of the National Economic Council, and Treasury Secretary, Tim Geithner, say so frequently. The American public,…