Asia Markets And Europe Open (2/5/2010) Hong Kong Collapses
Markets in Asia were sharply lower. The Nikkei fell 2.9% to 10,057. The Hang Seng fell 3.3% to 19,675. The Shanghai Composite fell 1.6% to 2,939. At the open in Europe, the FTSE was…
All Work
Douglas A. McIntyre
The Top Seven Cars Not Being Recalled
Toyota (TM) has recalled over seven million cars worldwide which includes eight of it most popular vehicles. The company is also faced with investigations about trouble with brakes on its 2010 Prius hybrid. French carmaker PSA Peugeot…
Prechter Reminder… Taking Out DJIA 10,000 (GLD, DIA, SPY, QQQQ, TLT)
The big technical level in the S&P 500 Index was 1,085, but that feels like some time ago. There is no magic trick on a technical level of 10,000 on the Dow Jones Industrial…
The Death of AAA Ratings… S&P and Berkshire Hathaway (BRK-A) (BRK-B) (BNI)
Berkshire Hathaway Inc. (NYSE: BRK-A) NYSE: BRK-B) is in the process of selling $8 billion in notes today to help fund the acquisition of Burlington Northern Santa Fe (NYSE: BNI). And Standard & Poor’s…
The Banker Bailout Bonus Tax: From The UK With Love
It was only a matter of time before some bright Congressman decided that the UK decision to tax 2009 banker bonuses over $48,000 by 50% was a good way to raise money for the…
Can Obama Really Double US Exports?
By Max Fisher, The Atlantic Wire President Obama raised eyebrows during the State of the Union address by vowing to double U.S. exports over the next five years. That’s a hefty promise–total U.S. exports…
Bing Chips Away at Google’s Growth (MSFT, GOOG)
Since its debut, Microsoft's Bing search engine has proven itself to be a credible threat to Google's dominance of the United States search market. Bing claimed 10.7% of the 14.7 billion searches conducted in…
Safer Than Sovereign Debt… Buffett & Bekshire Hathaway Raising $8 Billion (BRK-A, BRK-B, JPM, WFC, BNI)
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) is about to price a very large debt offering. With as many European nations as we are seeing having debt downgrades or credit concerns on their sovereign…
Growth Again… In Jobless Claims
The Labor Department released the weekly jobless claims data this morning, and whatever policies are being presented just are not helping on the hiring and firing front in the nation. The weekly jobless claims…
Today’s Best Market Rumors (2/4/2010)
Today’s best market rumors. Amazon (NASDAQ:AMZN) will buy a touchscreen company, Touchco. (NYTimes) Goldman Sachs (NYSE:GS) will defer or cut some bonuses in London (NYPost) The US may have underestimated job losses since the…
Top Analyst Upgrades and Downgrades (AOL, AAPL, BLK, CAL, COCO, CREE, BEN, MWW, PNRA, SYNA, LCC, VZ, V, WU)
These are this Thursday’s top analyst calls with upgrades, downgrades, and initiations seen from Wall Street research calls: AOL Inc. (NYSE: AOL) Raised to Neutral at Merriman Curhan Ford. Apple Inc. (NASDAQ: AAPL) Raised…
Signs Of Intelligent Life At Sony: Earnings Helped By Financial Unit
After five quarters of losses, Sony (SNE) has finally turned a profit. The news is not terribly impressive since it is the conglomerate’s financial and insurance divisions that pushed the company into the black.…
An Unprecedented Public-Private Partnership as Google and NSA Team on Cyberattacks
Google will not have to go it alone as it attempts to unravel cyber attacks on its service in China that have raised the question about how vulnerable the search company's servers are in…
Government Healthcare Programs To Pass Private Sector In Size
The largest single problem with the budget deficits as the next few years unfold is not the low government receipts due to a poor economy. It is not defence spending or discretionary programs. The really…
More Than Half Of Adult Americans Use Internet For Healthcare Info
More than half of adult Americans used the internet to look up healthcare information in the last year, according to a CDC study conducted in the first six months of last year. The study does not…
US Recession Job Loss May Have Been Undercounted By 824,000
In a blow that could come down on the Obama administration and U.S. economy like Thor’s Hammer, the US may have lost 824,000 more jobs than the government said it did between April 2008 and March…
Texting May Ruin Twitter Growth
Texting, a simple method to send messages from wireless handset to handset, may be the largest single roadblock to Twitter’s growth. A survey by Pew shows that among internet users between 8 and 17…
Toyota (TM) Makes Profit, Raises Forecast, Projects $2 Billion Costs For Recall
Toyota (NYSE:TM) posted a profit of $1.7 billion in the quarter that ended December 31 due to cost cuts and improved sales in Asia and the US. Sales rose 10%. Toyota also raised its…
Media Digest 2/4/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Toyota (NYSE:TM) said it would have charges of $2 billion for recalls, but posted a profit last quarter and improved its forecasts. Reuters: Shell’s (RDS.A) profits fell sharply. Reuters: Sony (NYSE:SNE) posted its…
Asia Markets And Europe Open (2/4/2010)
Markets in Asia fell. The Nikkei was off .5% to 10,356. Toyota (NYSE:TM) fell and Honda (NYSE:SNE) gained. Sony (NYSE:SNE) announced a profit. The Hang Seng was off 1.8% to 20,342. The Shanghai Composite…