The Octogenarian Workforce
Pulte Homes, the largest builder of new homes in the US, recently released a survey that says among people over 50 asked about retirement plans and 41% said they will never be able to…
All Work
Douglas A. McIntyre
Media Digest (1/21/2009) Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Hedge fund Loch Capital is losing customers because of ties to a witness in the Galleon case. Reuters: China GDP grew 10.7% in the fourth quarter. Reuters: Obama will target excessive financial risk…
Asia Markets and Europe Open (1/21/2010)
Markets in Asia were mixed. The Nikkei rose 1.2% to 19,868. The Hang Seng fell 1.6% to 20,895. The Shanghai Composite was up .2% to 3,169. At the open in Europe, the FTSE rose…
YouTube To Rent Videos No One Wants For Free
YouTube, the highly popular but unprofitable video-sharing operation owned by Google (NASDAQ:GOOG) will begin to offer movie rentals. This is presumably a way to make money. YouTube is set to launch the services with movies from the Sundance Film…
eBay Looking Good Enough (EBAY)
eBay Inc. (NASDAQ: EBAY) looks mixed on the reaction despite the positive headline data. The online auction monopoly posted $0.44 non-GAAP EPS on $2.37 billion in revenues. Thomson Reuters had estimates at $0.40 EPS…
Starbucks Pleases Skeptics (SBUX)
Starbucks Corp. (NASDAQ: SBUX) has just reported earnings of $0.33 non-GAAP EPS and $2.72 billion in revenues vs. $0.28 and $2.60 billion in revenue estimates from Thomson Reuters. The biggest figure here is that…
Newfield’s New Capital Aim (NFX)
Oil and gas developer Newfield Exploration Company (NYSE: NFX) has commenced an offering of $650 million in Senior Subordinated Notes due in 2020. The notes will be offered under an existing shelf registration statement,…
GE Oil & Gas Goes Deeper into China (GE)
General Electric Co. (NYSE: GE) has an interesting acquisition this morning, one that is far from its normal acquisition of the past. The company’s GE Oil & Gas unit has entered into a agreement…
Top Day Trader Alerts (SIRI, RMBS, WFC, BAC, CREE)
These are today’s top day trader and active trader alert stocks. We have more details and analysis via a link to each story at VSInvestor.com: SIRIUS XM Radio (NASDAQ: SIRI) is up by double-digits…
Today’s Best Market Rumors (1/20/2010) (BCS)(JPM)(AAPL)(MSFT)
Updated throughout the day. The hedge fund industry brought in $4.6 billion in December (Eurekahedge) Barclays (NYSE:BCS) may face a $27 billion deficit (Credit Suisse). JPMorgan (NYSE:JPM) is in exclusive talks to buy the RBS Sempra…
Top 10 Analyst Upgrades and Downgrades (ADM, ALXN, CBS, CPO, IBM, KAR, LXK, EDU, TSCO, XRX)
These are this Wednesday’s top 10 analyst upgrades, downgrades, and initiations seen in Wall Street research calls: Archer-Daniels Midland (NYSE: ADM) Raised to Buy at Citigroup. Alexion Pharmaceuticals (NASDAQ: ALXN) Started as Perform at…
Apple (AAPL) App Store To Bring In $21.6 Billion In 2013
Apple’s (NASDAQ:AAPL) App Store brought in $2.5 billion last year according to Gartner. The company accounted for 99% of all mobile application sales in 2009. Apple keeps 90% of that revenue. Gartner predicts that the…
Bill Gates Joins Twitter
It took Microsoft (NADSAQ:MSFT) founder Bill Gate long enough to join Twitter. Now he can join President Obama and Demi Moore as fans of the social media network based on sending people short phrases. According…
China Shuts Down Lending
The mainland Chinese government moved in the direction of providing liquidity to its economy last year when it launched it $585 billion stimulus package. Now that the program seems to have been a success, it is…
Cities Will Struggle With High Unemployment For Years
The U.S. Conference of Mayors recently released a report that says jobless rates will peak this year but that it will be many years before unemployment numbers reach the lows before the recession. There…
Republican Win In Mass Imperils Healthcare Reform
By Douglas A. McIntyre of 24/7 Republican Scott Brown has won the Senate seat held by Ted Kennedy for almost 47 years. Many analysts expect that this will effectively kill the Obama healthcare initiative.…
Banks Digging Themselves A Deeper Hole
By Paul Ausick of 24/7 Following in footsteps of JPMorgan Chase (JPM), Citibank (C) today reported a net loss of $1.6 billion for 2009 on losses in mortgage and credit card lending that more…
Kraft Gets Cadbury; Should Hershey Watch Its Back?
By Paul Ausick of 24/7 After a four-month pursuit that occasionally got testy, Kraft Foods (KFT) has finally got its prize. British candy maker Cadbury PLC (CBY) has agreed to be acquired by Kraft…
Media Digest 1/20/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Obama said he will not let companies who owe the US taxes to bid for government work. Reuters: Republican Scott Brown won the Senate race in Massachusetts putting the Obama healthcare proposal at…
Asia Markets And Europe Open (1/20/2101)
Markets in Asia fell as China said it would restrict lending by its banks. The Nikkei fell .3% to 10,738. The Hang Seng was down 1.8% to 21,272. China Unicom (NYSE:CHU) was up after…