The Twitter-24/7 Wall St. Stock Watch (3/23)
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
Time Warner’s New Growth Plan: Buy MGM
Time Warner (TWX) has spun out its Time Warner Cable (TWC) operation and AOL (AOL). That has left the company with TV programming, magazine, and studio assets. Wall St. has been waiting to see…
Nintendo Brings 3D To Video Games
Nintendo has been able to keep a lead over Microsoft (MSFT) and Sony (SNE) in the high-end game console business. Its Wii routinely outsells the Xbox 360 and PS3. Now Nintendo plans to improves its…
Consumer Purchase Plans: iPad Trumps Kindle
Research that tries to forecast consumers’ buying plans is notoriously inaccurate. It is hard to determine what someone will buy if they have not seen it. Purchase intent based on brand can be trumped by…
Health Care Reform Moves To The Court
Health care reform, barely hours old, has begun its way into the legal system. It is a process that could take years. Attorneys general from 12 states are planning to challenge key portions of…
Media Digest 3/23/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Google (GOOG) risks China’s wrath by its challenge to censorship Reuters: China expressed both regret and anger at Google’s move. Reuters: The head of the Chicago Fed said the agency will keep its…
China Will Block Google’s Hong Kong Site
China has not come as far as it has in its battle with Google (GOOG) over censorship not to deliver the final blow. Google says it will close its site on the mainland, Google.cn, and…
If Palm Is Still Around, It Has An AT&T Deal
Palm (PALM) has set a deal to sell its handsets though AT&T (T) Wireless. Unfortunately, the relationship does not begin “for a few months.” Palm will market its Palm Pre Plus for $149.99 and…
Financial Reform Needs More Work
By Heather Horn of The Atlantic Wire Health care reform is finished–at least for now. That means, in the words of popular Barry Ritholtz, “we can get to what I consider to be the…
Today’s Best Market Rumors (3/23/2010
Updated throughout the day. Google (GOOG) will close its China search engine today (FT) Germany will put a tax on banks to cover the costs of a future credit crisis (ZDF) EMI is trying…
The Twitter-24/7 Wall St. Daily Stock Watch 3.23
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…
Tiffany: The Rich Got Richer
The rich must be getting richer again. Tiffany (TIF) reported its revenue for the quarter that ended January 31 was up 17% to $981 million. EPS moved up to $1.09 from $.30 in the same…
Toyota Shareholders Sue Over Falling Stock Price
Toyota (TM) is already facing product liability suits over defects in its recalled cars. The settlement to people who claim injury could hit $5 billion according to several industry experts. But, liability suits are…
Car Sales To Have Huge Surge In March But At Big Cost To Firms
Edmunds reports that incentives have increased the public’s “intent to purchase” Toyota’s by 40% in March. That may help the Japanese car company some, but its competitors have rolled out incentives as well. Car sales…
4G Or Not 4G, That Is The Question
Sprint (S) is gambling nearly its entire future on a 4G WiMax network that it is installing around the country. The massive infrastructure project has the financial support of several large firms including Intel (INTC),…
Pepsi Cut The Sugar, And Now It Cuts The Salt
Recently, Kraft (KFT) made a great public relations noise about its plans to cut the salt levels in its foods distributed in North America by 10% over a two-year period. Not to be bested, PepsiCo (PEP)…
Media Digest: 3/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The Obama health care bill passed the House and Senate. Reuters: The Senate will begin a fight on financial reform Reuters: Arrow agreed to a buyout from Shell (RDS.A) and PetroChina (PTR). Reuters: Employer…
24/7 Wall St.’s Corporate Power Rankings (Week 11)
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…
The $70 Billion A Year American Obesity Tax
No matter what legislation comes out of the frenzied health care debate, economists say that it will cost the American taxpayer a great deal. Estimates run the gamut from the Obama administration’s claim that it…
The 15 CEOs Who Should Be Paid $1 A Year
Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was paid $1 a year…