The Twitter-24/7 Wall St. Stock Market Watch 4.6
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…
All Work
Douglas A. McIntyre
Greece: What Can Go Wrong, Will Go Wrong
Just several weeks ago, Greece was on the brink of economic collapse, its debt a staggering 12% of GDP, and its unions prepared to stop work at any sign of pay cuts. The IMF…
It’s Dow 12,000 That Matters
If and when the DJIA hits 11,000 it won’t matter much beyond being a round number. The Dow fell below 12,000 in June 2008 and below 10,000 in October of that same year. 11,000…
Data On US Apartment Vacancies “Less Bad”
In keeping with the tradition of reporting data that is “less bad” than it was a year ago instead of “much worse”, real estate research firm Reis said that US apartment vacancies stopped rising. They…
Apple’s Market Cap May Pass Microsoft’s Soon
Most market experts would not have expected Apple’s (AAPL) market value to have passed Walmart’s (WMT) or GE’s (GE). But, it has even though the maker of the iPad and iPod had revenue of only $36…
Media Digest (4/6/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Oil dropped as the dollar strengthened. Reuters: Samsung posted record profits. Reuters: Greece wants to amend its aid deal with Europe and not use IMF. Reuters: The US Transportation Department will try to…
DOT Wants Toyota To Pay Maximum Fine
The Department of Transportation wants to make Toyota (TM) pay the maximum civil penalty– $16.375 million– for “failing to notify the auto safety agency of the dangerous ‘sticky pedal’ defect for at least four months, despite knowing…
American and JetBlue Play “Let’s Make A Deal”
The deal between American Airlines and JetBlue brings both of them unexpected financial advantages that help shareholder value
Treasury Reaps 8.5% Return From Companies Exiting TARP
Banks’ repayments of TARP preferred stock and warrants continue to turn a profit for the U.S. Treasury Department, according to analysis by SNL Financial done by By Andrew Schukman and Russ Yates. As of…
Heating Up the Canadian Oil Sands
The oil sands deposits in western Canada give the US’s closest trading partner the second largest total crude oil reserves in the world, some 175 billion barrels. Only Saudi Arabia has more. Last week’s…
Today’s Best Market Rumors (4/5/2010)
Updated throughout the day. Democrats are unhappy about an Obama Memorial Day deadline for a financial reform package (Politico) Yamaha plans to raise $810 million. (Bloomberg) Extended Stay, the hotel company, favors a buyout offer…
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…
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…