The Twitter-24/7 Wall St. Stock Market Watch 3.29
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
Let Markets, Not Protectionism, Fix Immigration
By John Tamny of Forbes Curbs on immigrants seeking work anywhere are tariff-like for propping up the least efficient practices at the expense of more productive endeavors. Better to let markets control inflows of human and…
Another Break In The Sovereign Debt Wall: S&P Warns On UK
S&P and other credit rating agencies haven’t had anything positive to say about sovereign debt recently no matter what country they analyze. The latest is that S&P said that its outlook on the UK’s “AAA” rating…
Wal-Mart In Big Online Push In China
Walmart.com typically falls into the top 20 most visited sites in the US as measured by Comscore, just behind online e-commerce giant Amazon.com (AMZN). Walmart has launched initiatives to increase its traffic including cut-rate prices on…
The Year Of The Grasshopper And Bioengineered Seed
The Wall Street Journal reports that millions of acres of prime American farmland will be destroyed this year by a plague of grasshoppers. The paper reports that “grasshoppers will likely hatch in bigger numbers…
Demand For Apple iPad May Be Higher Than Expected
The demand for the Apple (AAPL) iPad may be like the iPhone and iPod. iPod sales are now approaching 300 million worldwide, although it is not clear how many of those units are replacements…
24/7 Wall St.’s Corporate Power Rankings (Week 12)
These are 24/7 Wall St.’s Corporate Power Rankings for Week 12.
March Jobs: What If Productivity Is Just Too Good?
The consensus estimates for the March jobs report is that non-farm payrolls improved by 160,000 which would decrease the unemployment rate a one-tenth of a percent or two-tenths. That would be in contrast to…
Reuters Rarely Links To Outside Websites
There has been an ongoing debate between Felix Salmon, a blogger for Reuters, and Henry Blodget of Business Insider, about the quality of the content of BI and the rules about linking to outside…
Media Digest (3/29/2010) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: A suicide bomber killed 37 in Moscow. Reuters: China sentenced Rio Tinto (RTP) executives in prison for ten years. Reuters: A JPMorgan $1.4 billion tax write-off faces FDIC scrutiny. Reuters: Some Apple iPads will…
Apple iPad To Ship Late
What can go wrong, will go wrong. Apple’s (AAPL) website shows that new online orders for the company’s iPad will ship as late as April 12. The product debuts in Apple stores on April 3.…
Verizon And Vodafone Talk Merger, Would Create Mammoth Telco
Verizon (VZ) owns 55% of Verizon Wireless and Vodafone (VOD), the largest cellular company in Europe owns 45%. Now that most of its debt is paid down, Verizon Wireless can start paying dividends to…
The Government May Be Selling Its Citigroup (C) Stake Too Soon
The federal government may sell its stake in Citigroup (C) at a profits of about $8 billion, according to The Washington Post. But, a sale of the stake, about 27% of the bank’s shares,…
ARCA: May All Your BioPharma Dreams Come True
Biopharmaceutical stock are the new age dot-coms, the public companies that took little internet firms with no revenue so high that the NASDAQ moved above 5,000 in early 2000. Most biopharma companies are cheap…
Pros and Cons of Foreclosure-Fighting Plan
By Max Fisher of The Atlantic Wire The White House is rolling out a program to fight back against the home foreclosures that have been crippling American communities for almost three years. The plan…
Today’s Best Market Rumors (3/26/2010)
Updated throughout the day. The Gores Group may be in talks with Polycom about merging the video conferencing company with Siemens Enterprise Communications. (FT) Man Group is in acquisition talks with American firms including SAC…
The Twitter-24/7 Wall St. Stock Watch 3.26
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…
GM To Pay US $1 Billion
The latest sign of the improbable recovery of GM is that it will pay the Treasury back $1 billion. According to The Wall Street Journal, it would be another step to bring down the…
Radio Shack (RSH) For Sale? Cost Could Be Too High
The New York Post, not the single most reliable source for business news, says Radio Shack (RSH) is looking for a private equity buyer or an M&A transaction with a larger company like Best…
Toyota Sales Incentives May Cost Firm Record Rebates
Research firm Trucar expects Toyota (TM) to spend $395 million on incentives this month. The company’s incentive per car will be 37% higher than in February and 47% higher than they was in March 2009. Auto…