Mozilo Can’t Dodge Fraud Charges
Angelo Mozilo, the former CEO of Countrywide Financial which was bought by Bank of America (NYSE:BAC), tried to get out of facing government fraud charges, US District Judge John Walter told Mozilo that he will…
All Work
Douglas A. McIntyre
Toyota (TM) Joins Ford (F) By Turning A Proft
Almost no one expected any of the world’s largest car companies to make money this year. Sales around the globe are simply down too much and efforts to cut costs have not been enough…
Wall St. Bonuses Will Rise 40%
There has been plenty of evidence that firms like Goldman Sachs (NYSE:GS) have had such huge profits that their bonus payouts may be at all-time highs. The federal government has systematically begun to control…
Four Of Top Ten Private Equity Deals In Default, Or Worse
The private equity business has been unkind to the firms that have done the largest LBO deals of the last year. That only makes sense. Leverage has been beaten down by the recession. PE…
Use Of The Internet Does Not Isolate People
It is only natural to think that the rising number of people who are on cellphones and the internet for hours a day would be less likely to interact with the people around them.…
Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: Toyota (NYSE:TM) returned to a profit. Reuters: The Fed will keep rates near zero for an extended period. Reuters: Cisco (NASDAQ:CSCO) beat forecasts. Reuters: Gold is near $1,100.
Asia Markets And Europe Open (9/5/2009)
Markets in Asia were mixed. The Nikkei fell 1.3% to 9,747. Sony (NYSE:SNE) fell. The Hang Seng was down .6% to 21,479. The Shanghai Composite rose .7% to 3,156. At the open in Europe,…
Top 10 Grossing Apple (AAPL) Apps
Apple recently started publishing a list of the top grossing applications in its App Store. Since its inception the App Store has posted over 2 billion downloads. The App Store effectively operates like a…
The Cisco (CSCO) Kid Puts On A Rally Cap
Router and video infrastructure giant Cisco (NASDAQ:CSCO) posted better-than-expected quarterly numbers for the period ending October 24, its first fiscal of the year. Revenue fell 13% to $9 billion. EPS was $.39, down 19%. …
FOMC: Very Little Optimism, Very Little Action
The Federal Open Market Committee’s notes said that economic activity has picked up since the group’s September meeting, but certainly not enough for the Fed to do anything about it. The FOMC said it will…
Intel’s (INTC) Worst Day: Why Didn’t IBM Rat On Mr. Chips?
There may have been a time when Intel (NASDAQ:INTC) wanted to be the next Microsoft (NASDAQ:MSFT), at least in terms of earnings, market cap, and share of market. It has, in essence, followed in…
Yet Higher Gold Prices Cometh (GLD, GDX, ABX, GG)
Yesterday’s surprise move from India that sent gold through the roof to almost $1,085.00 per ounce was a game changing event in gold. Many technical analysts and chartists were looking for, or at least…
Apple (AAPL) Becomes Too Excellent: 100,000 Apps
It will be a shame when the day comes that Apple can’t put out good news every day. The market has become used to it. Apple (NASDAQ:AAPL) now has the 9th highest market cap…
Oil Inventories Head Wrong Way, Again (OIH, DIG, USO, OIL)
The latest weekly inventories data from Department of Energy in crude and oil products is adding more support and adding fuel to a fire in the commodity rally today. It looks like we are…
Trouble in Property Syndicates (TPGI, AVI)
We have two deals which have been called off in the land of mixed use properties as a secondary by Thomas Properties Group, Inc. (NASDAQ: TPGI) and one was the IPO which was supposed…
Today’s Best Market Rumors (11/4/2009) (JAVA)(ORCL)(TWX)
Updated throughout the day. Updated 10.30 AM EST: Oracle (NASDAQ:ORCL) believes that EU authorities may try to block its buy-out of Sun (NASDAQ:JAVA) (FT) Updated 10:26 AM EST: Apollo Management is buying debt swap instruments…
Top Day Trader Alerts (GRMN, VG, ABK, ACAS, STEC, JAVA)
These are this morning’s top day trader alert and active trader alert stocks. We have links through to VSInvestor.com on each stock with much more detailed data and analysis on the news, price, and…
Top 10 Analyst Upgrades, Downgrades, Initiations (AEO, BNI, ENR, GET, GES, GD, STEC, VIA, YUM)
These are this Wednesday’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls: American Eagle Outfitters (NYSE: AEO) Raised to Top Picks at FBR Capital; but shares were also Cut…
Chris Dodd, Bank Reformer, Finally Loses His Mind
Senator Christopher Dodd wants to create the greatest single debacle in the history of US financial market and bank regulation. He will propose putting four authorities into one, combining the Federal Reserve, Federal Deposit Insurance…
Skype Dispute Nears End, The Blackmailing Of Ebay (EBAY)
An intellectual property dispute between Skype’s founders and the VoIP company, now owned by Ebay (NASDAQ:EBAY), threatened the auction company’s plans to sell Skype to private equity interests. That dispute is about to be settled,…