Signs Of The Apocalypse: A Bailout For Europe’s Weaklings
It is more likely by the day that Greece will be helped out of its sovereign debt problems and that Spain and Portugal may, too. The most likely avenue for a rescue as a guarantee…
All Work
Douglas A. McIntyre
Media Digest 2/10/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Honda (NYSE:HMC) expanded its recall by 440,000 as more Toyota (NYSE:TM) models were probed. Reuters: ArcelorMittal sees a slow improvement in steel production in Q1. Reuters: IMF aid for Greece may be unavoidable.…
Asia Markets And Europe Open (2/10/2010)
Markets in Asia were higher. The Nikkei rose .3% to 9,964. Recall news pushed Honda (NYSE:HMC) down but Toyota (NYSE:TM) rose. The Hang Seng rose .7% to 19,922. China Life (NYSE:LFC) rose. The Shanghai Composite…
Honda Takes A Turn With The Firing Squad, Recalls 378,000 Cars
Japan has two large car companies known throughout the world for quality, workmanship, value, and fuel efficiency. Each took several decades to establish its brand in the US. Each burnished its brand by the launch…
3M Dividend Hike To Pressure GE Dividend Hike (MMM, GE)
While we were getting ready to post our next round of large companies which we think will be hiking their dividends in 2010, one of the companies beat us to the punch. Earlier this…
Airgas Wants More From Air Products (ARG, APD)
After the Airgas, Inc. (NYSE: ARG) unsolicited offer from Air Products & Chemicals, Inc. (NYSE: APD) was made, we noticed how there was a premium to the deal’s public price. We even noted that…
The Cautious Euphoria in Baidu Earnings (BIDU)
We had said in our detailed preview that this was a make or break quarter for Baidu Inc. (NASDAQ: BIDU). So far it looks like the investment community is taking it as a ‘make…
Brother Can You Spare A Dime: Open Jobs Plummet
Unemployment may have dropped below 10% last month, but the number only looks good in a vacuum. The Bureau of Labor Statistics, the bearer of much of the federal government’s bad news over the…
China Agritech Raising Cash (CAGC)
CHINA AGRITECH, INC. (NASDAQ: CAGC) was having a great day with gains north of 7%. But at about 3:09 PM EST we saw a filing from the company.. the S-3… the ‘selling securities filing’…
Make or Break Earnings for Baidu (BIDU, GOOG, MSFT, YHOO)
Baidu Inc. (NASDAQ: BIDU) is up for earnings later this evening for us, Wednesday morning for, to report earnings. All the media outlets sell you on “this might be the most important earnings season…
Euro Banks in PIIGS React to News and Hope (NBG, STD, BBVA, IRE, AIB)
You saw the bank bailout in the U.S. in 2008 to 2009, now it seems that the great bailout is heading the way of Greece if the reports and if the rumors are accurate. …
Gloating At John Thain’s Step Down
From The Atlantic Wire Business writers are happy John Thain’s second act is a step down. The CEO who engineered a fire sale of Merrill Lynch to Bank of America and earned fame as…
Today’s Best Market Rumors (4/9/2010)
Updated throughout the day. The EU is getting closer to a bailout of Greece (Reuters) Beer may be good for strengthening bones (Reuters) Google (GOOG) will reveal product innovations on a YouTube webcast today …
Top 10 Analyst Upgrades and Downgrades (ERTS, GME, LAMR, MON, NBG, SWIR, SNWL, TWX, VZ, WBSN)
These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning: Electronic Arts (NASDAQ: ERTS) Cut to Hold at Needham. GameStop Corp. (NYSE: GME) Cut…
Three SPAC Deals on Deck This Week and More (TLB, BPW, AXG, CFQCF, AUTC)
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning. Talbots Inc. (NYSE: TLB) is up for review this Friday,…
Searching For a Better Understanding of Depressions
By John Tamny of Forbes “But is it not conceivable that wants may some day be so completely satisfied as to become frozen forever after? Some implications of this case will presently be developed,…
Correction Call: Gartman Joins Prechter and Soros (GLD, QQQQ, SPY, PG)
The Gartman Letter has been a key technical advisory service for years and years and has become one of the benchmark technical reports. We have already heard both billionaire George Soros and then Robert Prechter of…
Big Drop In iPad Interest May Bring Price Cut
Apple (AAPL) has a problem. Steve Jobs created a huge surge in interest in the new iPad table computer when he introduced it. The interest has turned into concern about the price and features…
Google Cuts Nexus One Termination Fee
It has probably occurred to Google (GOOG) management that customer service for its Nexus One handset has been poor and that has hurt the handset’s reputation. Google also has to compete with other phones…
Americans Spend $1,000 A Year On Internet, Cable, And Video Games
The Census Bureau reports that the average American household spent $903 in 2008 on internet connections, cable TV, and video games. The New York Times estimates that figure will be $997 this year. The paper points…