Now Prius Has Accelerator Problem
“What can go wrong, will go wrong”–Murphy’s law A California Highway Patrol officer had to help the driver of a runaway Prius stop his car after its hit 94 miles per hour. The Prius…
All Work
Douglas A. McIntyre
HP Slate Looks More And More Like iPad Rival
The Apple (AAPL) iPad tablet computer looks like it will launch into a market where it has no rivals. The Amazon (AMZN) Kindle is not a PC at all. It is underpowered and has limited software…
Hope Of Employment Improvement In Second Quarter Dims
Seventy-three percent of companies polled in a new Manpower survey said their will not hire employees in the second quarter. The Manpower Employment Outlook Survey covers 18,000 companies across all major industry sectors. The…
Goldman Sachs (GS) Sued Over Compensation Practices
The International Brotherhood of Electric Workers, a shareholder in Goldman Sachs (GS), filed a lawsuit in Delaware which accuses the investment bank of overpaying its management and bankers. The union wants Goldman to give…
China Will Keep Buying US Debt Due To Few Other Alternatives
China says it will keep buying US debt. “The U.S. Treasury creates the world’s largest government bond market. “Our foreign exchange reserves are huge, so you can imagine that the U.S. Treasury market is an…
Media Digest 3/9/2010 Reuters, WSJ, NYTimes, FT, Bloomberg.
Reuters: Toyota (TM) said it found no electronic safety problems with its cars. Reuters: China said it was committed to US debt but worried about gold. Reuters: Japanese car companies are studying a brake…
Asia Markets And Europe Open (3/9/2010)
Markets in Asia were narrowly mixed. The Nikkei fell .2% to 10,588. The Hang Seng rose .1% to 21,208. China Life (LFC) rose. The Shanghai Composite was higher by .5% to 3,069. At the…
Toyota, Guilty As Sin, Tries To Muddy The Waters
Toyota (TM), clearly the builder of millions of cars with brake and accelerator problems, has tried to change the public’s focus away from its recalls, government investigations, and what will be multibillion liability suits. The Japanese car company says ABC News…
Biophama Firms Lexicon And Poniard In The Hurt Locker
Biophama companies are horrible investments at least 90% of the time because they are gambles on the IQs of small groups of scientists and the whims of the FDA. Poniard Pharmaceuticals (PARD) and Lexicon Pharmaceuticals (LXRX) proved the…
Why Are Bank Savings Accounts So Sacred?
John Tamny of Forbes A popular belief among the economic commentariat today is that the mere existence of the Federal Deposit Insurance Corp. represents “moral hazard.” With bank deposits insured, the common thought is…
Dividend War Comes to the Chip Sector (AMAT, INTC, XLNX, ALTR, TXN, QCOM, BRCM, MRVL, AMD, MU, KLAC)
Applied Materials Inc. (NASDAQ: AMAT) is off its highs but still higher on the day after the company raised its dividend and announced a share buyback plan. The company’s board of directors boosted the…
How Fast Are The Old Legacy Airlines Losing US Domestic Capacity?
By Robert Herbst, Airlinefinancials.com Last year, Delta (DAL), American (AMR), United (UAUA), and US Airways (LCC) collectively operated 85 billion less domestic seat miles than they did 6 years ago. This was on…
Business Economists Call For Higher Rates & Deficit Watch
The National Association for Business Economics, or the NABE, has continued on its call for a muted recovery. But there are some key issues it has brought up. The NABE sees a rate hike…
This Morning’s Top Trader Alerts (AIG, CTIC, MDVN, SEED, SSTI, XRTX, ZANE)
We have compiled this morning’s key stocks on the move based on news. These are some of the key stocks being watched and traded by day traders and active traders. There is a more…
Today’s Best Market Rumors (3/8/2010)
Updated throughout the day. The EU may form its own version of the IMF (various) Dubai may have a deal to defer payments on $26 billion in Dubai World debt (CNBC) CCMP Capital agreed to…
Top 10 Analyst Upgrades and Downgrades (ADCT, CSCO, CCI, FITB, M, PALM, POT, RIMM, X, YHOO)
These are this Monday morning’s top analyst upgrades, downgrades, and initiations seen in early Wall Street research notes: ADC Telecommunications Inc. (NASDAQ: ADCT) Raised to Neutral at JPMorgan. Cisco Systems, Inc. (NASDAQ: CSCO) Raised…
Never Give A Sucker An Even Break: FDIC Markets Failed Banks To Pensions
“Never give a sucker and even break; never wise up a chump”–W.C. Fields The FDIC has come up with the notion that it will market investments in failed banks, or perhaps some of their…
As Proxy Season Begins, $10 Million To $20 Million Is Still The Norm For CEOs
The outrage over investment bank salaries has just begun to die. Many financial firm CEOs and senior managers took less pay than they have in recent years, and took a larger percent of their…
Mr. Obama’s Missing $1 Trillion
The Congressional Budget Office said the national debt will be rise by $9.8 trillion by 2020. The figure is $1.2 trillion higher than White House estimates, which may put a new sword into the…
24/7 Wall St.’s Corporate Power Rankings (Week 9)
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…