The Swine Flu Epidemic Fails To Do Economic Damage
Swine flu vaccinations have been slow to get to those who want to be treated. The Centers for Disease Control and Prevention says that about 22 million American have contracted the disease and of…
All Work
Douglas A. McIntyre
Boeing (BA) Dreamliner Still Broken Along With Firm’s Management
Boeing (NYSE:BA) said it had encountered another problem with the final assembly of its Dreamliner in a cryptic press release from the company. The issue was discovered in the area where the plane’s wing meets its body.…
Media Digest 11/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China’s economy may be hurt as its stimulus ends. Reuters: Warren Buffett says the financial panic is over. Reuters: Former bankers are considering buying failed banks. Reuters: The SEC is expected to go ahead…
Asia Markets And Europe Open (11/13/2009)
Markets in Asia were mixed. The Nikkei fell .4% to 9,770. Mitsubitchi UFJ (MYSE:MTU) fell. The Hang Seng was up .7% to 22,554. The Shanghai Composite rose .5% to 3,188. At the open in…
Sirius XM (SIRI) And CBS (CBS) Pose Greatest Financial Risk Among Media Firms
CBS (NYSE:CBS) and Sirius XM (NYSE:SIRI) pose the greatest investment risks among media companies based on a forensic measure of their transparency and the statistical reliability of their financial reporting and governance practices, according…
British Air And Iberia: Airlines Return To The Center Of M&A Stage
The rumor that US Air (NYSE:LCC) and American (NYSE:AMR) may merge is not so far-fetched today, or that Southwest (NYSE:LUV) might take over JetBlue (NASDAQ:JBLU). British Air and Iberia, the flag carriers of the two…
SIRIUS Losing XM Founder (that everyone forgot) (SIRI)
SIRIUS XM Radio (NASDAQ: SIRI) announced that Gary Parsons has resigned as Chairman of the Board of Directors. The satellite radio giant has appointed Eddy Hartenstein, an independent director, to serve as non-executive chairman. …
Despite Many Drops, Disney Delivers (DIS)
The Walt Disney Company (NYSE: DIS) is out with earnings and the report is a solid one compared to what we have seen elsewhere, yet it too saw mostly erosion in its business segments.…
52-Week High Club (COMS, AMD, PLA, BID)
3Com Corp (NASDAQ: COMS) rose over 30% to a yearly high of $7.52 after Hewlett-Packard, the PC maker, announced plans to buy 3Com for $2.7 billion. Advanced Micro Devices Inc. (NYSE: AMD) rose over…
Government Deficit Expands To $176 Billion In October
According the monthly Treasury report released this afternoon, the Federal Government posted a $176.4 billion deficit in the month of October. Total Government receipts came in at $135 billion. Of that $61.2 billion was…
Long-Bond Auction Conundrum
Earlier today came the results from a highly awaited $16 billion 30-Year Treasury bond auction… the famed ‘Long Bond.’ The 30-Year yield went out to buyers at 4.469%, just over 0.04% or 4 basis-points,…
Tech Giants Now Hold ~$265 Billion Cash To Spend (HPQ, COMS, INTC, AMD, MSFT, CSCO, AAPL, GOOG, ORCL, JAVA, QCOM, EMC, YHOO, DELL, AMZN, EBAY, ONT, BRCD, JDSU, STAR, VMW)
You have already seen the Hewlett-Packard (NYSE: HPQ) buyout of 3Com Corporation (NASDAQ: COMS). But this week before that deal was announced we covered how mergers in the technology sector have been very slow…
U.S. Oil Stockspiles Increase More Than Expected
Today’s EIA Petroleum Status Report for last week shows oil inventories to have grown 1.8 million barrels. Many analysts expected the number to have grown by 1 million barrels. Oil futures were down ahead…
Corzine as Bank of America CEO? (GS, BAC)
Jon Corzine recently lost the gubernatorial race in New Jersey. He is also a very wealthy Wall Streeter that is a former disciple of Goldman Sachs Group Inc. (NYSE: GS). He is also a…
Corel & Vector: From Strange to Stranger (CREL)
[ We had already commented on hoe the merger offer for Corel Corp. (NASDAQ: CREL) from majority owner Vector Capital might be the strangest merger paths of this decade. The strange can always get…
Top Day Trader Alerts (BRCD, COMS, GMCR, DRYS, AMD, JDSU)
These are this morning’s top day trader and active trader alerts on high price moves and/or high volume. We have a link to more data and analysis at VSInvestor.com for each stock: We have…
Intel (INTC) Bribes AMD (AMD) To Settle Antitrust Issues
AMD (NYSE:AMD) has had a pretty strong antitrust claim against Intel (NASDAQ:INTC). Intel allegedly gave money to PC companies to use its chips and bullied customers using it huge market share. AMD’s profits disappeared…
Today’s Best Market Rumors (11/12/2009) (VZ)(EBAY)(SBUX)
Updated throughout the day. Ebay (NASDAQ:EBAY) PayPal profits will increase sharply in Q4. (TheStreet) A former lead director at Bank of America (NYSE:BAC) is pushing for the firm to pick an insider as the new CEO …
Jobless Claims Try to Break 500K
The Labor Department has just reported its weekly jobless claims data. The new preliminary report puts last week’s initial jobless claims at 502,000, down 12,000 on an adjusted basis from the week before. Bloomberg…
Amazon (AMZN) Launches Free Kindle Software For PC
By Douglas A. McIntyre There is a new product on the home page of Amazon.com (NYSE:AMZN). PC users can now download a free version of Kindle software which allows Kindle users to synchronize the…