The Twitter-24/7 Wall St. Stock Watch 4.5
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
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Douglas A. McIntyre
Crude Jumps Above $85 As Reaction To American Jobs Figure
The BBC reports that crude traded over $85 on the first day after the Easter weekend reaching $85.31 a barrel for light crude. The news service identified the US jobs number from Friday as…
Apple iPads Won’t Charge In Windows PCs
An unsettling piece of news from Consumer Reports via Business Insider. The non-profit consumer protection and testing firm reports “we’ve been unable to charge our iPads in any USB port on a non-Apple Computer.”…
Commercial Real Estate: No Relief In Sight
Reis, the commercial real estate survey firm, said that occupancy of office buildings hit its worst rate in the US since 1994. Reis said the rate at which the problem was growing has slowed. It…
The Death Of Digital Dominance: Easter Box Office Sets A Record
The VCR was supposed to ruin box office demand. Then Blockbuster (BBI) was the spoiler. Then came DVDs and high-def DVDs. That spawned NetFlix (NFLX) and kiosk operations like Redbox. What DVDs could not do to…
24/7 Wall St.’s Corporate Power Rankings (Week 13)
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…
Media Digest 3/5/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China said nothing about the US delay of currency manipulations charges. Reuters: Office vacancy rates hit a 16-year high. Reuters: CEO pay is down from last year and Ellison of Oracle (ORCL) was…
Workers Worried Enough To Take Pay Cuts
The average worker may be a bit less worried about losing his job. That is what a survey from job site Glassdoor says. About half of those surveyed said that their employers recently restructured…
The Government And Press Both Get Unemployment Wrong
The Labor Department insists that the official unemployment figure is 9.7%. Much of the media says that the government “games” the number and the real number of jobless Americans is 16.8% which includes people…
A “Most Admired Company” List Without A Single Surprise
Everyone loves Warren Buffett of Berkshire Hathaway (BRK.B) and the “never be evil” management of Google. Citigroup (C), Goldman Sachs (GS), and the other large firms on Wall St. are among the most hated…
CEO Compensation Becomes Incomprehensible
The New York Times and The Wall Street Journal each published their list of the compensation packages of the CEOs of the 200 largest companies, although each defined this group differently. Some of the…
Did Apple sell 700,000 iPads On First Day
The estimates for first day sales of the Apple (AAPL) iPad have begun to come out. They are useless, educated guesses at the best. Apple has not give out any numbers and may never.…
Geithner And The Odd Sovereign Debt Confusion
Treasury Secretary Tim Geithner for some reason found it necessary to explain to a member of Congress that the debt obligations of Fannie Mae (FNM) and Freddie Mac (FRE) were not sovereign obligations of the…
Are the U.S. and China Making Up?
China’s agreement to attend a nuclear summit in Washington gave many hope that China would finally join the U.S. on sanctions against Iran. Today, there are hints that China could finally be easing back…
US Caves To Chinese, Delays “Currency Manipulator” Decision
Updated 4/4: The White House today said it would delay the decision about whether to label China a “currency manipulator.” Several members of Congress said they would continue to push for sanctions against the…
New Pricing Scheme for Iron Ore Attacked
For the past 40 years, the price of iron ore has been set annually in a negotiated deal between miners and buyers. Typically, the first large customer to cut a deal with a miner…
The Twitter-24/7 Wall St. Marketwatch 4.2
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
New China Mobile Strategy Bows to Cooperation
A strategic document obtained by Caixin describes China Mobile’s plans for multilevel cooperation on the wireless media frontier.
The US Fixes The Car Industry And Plans To Break It Again
GM and Chrysler will pay the government back their tens of billions of dollars in loans by 2016 or go bust in the attempt. That is the year that the The White House wants…
AIG’s Benmosche Forgets To Under-promise and Over-deliver
Flamboyant and loquacious AIG (AIG) CEO Robert Benmosche forgot the old business rule that it is best to under-promise and over-deliver. He told Reuters that he believes his company will pay back taxpayers before 2013…