Asia Markets And Europe Open
Stocks in Asia were lower. The Nikkei fell 2.3% to 9,803. The Hang Seng was down .7% to 21,609. The Shanghai Composite rose 2.7% to 3,077. At the open in Europe, the FTSE was…
All Work
Douglas A. McIntyre
The China Stimulus Follies
China managed to pull another rabbit out of its growth hat. The world’s most populous nation said its GDP grew 8.9% in the third quarter. Some outside analysts are skeptical about how China keeps…
24/7 WallSt TV: Kraft (KFT) Does Its Shareholders No Favor: Gets Hostile With Cadbury
The efforts of Cadbury’s board to keep the company out of the clutches of Kraft (NYSE:KFT) will likely fail because no second bidder has emerged. The Times says that Kraft will make a hostile…
CIT (CIT) Prepares Chapter 11
According to The Wall Street Journal, CIT (NYSE:CIT) will file for Chapter 11 today. Bondholders will probably provide $4.5 billion in financing for a prepackaged bankruptcy. Senior creditors will likely get $.70 on $1. Carl…
US Kicked Out Of Top Spot In World Economic Forum Survey
The World Economic Forum published its most recent Financial Development Report. In the executive summary of the study, written by Nouriel Roubini and James Biodeau, fifty-five countries were graded on seven scales: institutional environment,…
The Unusual Suspects (BEAT, CIT, CIT-PZ, GNW, GFIG, HGSI, GSK, MCO, BRK-A, RVSN, CSCO)
Earnings season is seeming to wind down here, but that won’t stop the unusual suspects of key equity events and issues to watch this coming week. We are looking into key issues for the…
UAW Drives Ford (F) Off A Cliff
The UAW rank-and-file rejected a labor pact with Ford (NYSE:F) even though the car company offered each member of the union $1,000 to agree to the deal The No.2 US auto company now has to…
Handset Growth Expected To Surge With Apple (AAPL) Is The Lead
The global handset business has faltered due to the recession. Research firm Strategic Analytics says that worldwide handset sales fell to 291 million units in Q3 down from 304 million in the same period a year…
New Commercial Real Estate Accounting Rules: Cooking The Books
New guidelines for examining commercial real estate loans issued by the FDIC appear to allow examiners to go easy on banks as they account for what would be, under many circumstances, considered non-performing commercial real estate…
Nine More US Banks Fail
Nine more banks failed and the pace of the closures appears to have quickened. The number of banks that would fail next year is more than four hundred if the current is maintained. Some analysts say…
TeleNav Files For IPO, Maybe Too Late (TNAV, GOOG, GRMN, S, T)
If you watched any news this week about Google Inc. (NASDAQ: GOOG) launching a free personal navigation service on its Android phones, then you know it was a bad week for Garmin Ltd. (NASDAQ:…
Next Week’s Top 10 Earnings on Deck (CHK, F, KFT, MA, CSCO, CMCSA, QCOM, BRK-A, SIRI, VG)
Earnings season may be winding down, but next week still has some very important companies that are economic indicators in and of themselves or are key stocks that have broad customer and investor bases. …
Bankruptcy Watch: A Wave Of Energy Bankruptcies
Today South Texas Oil Company (NASDAQ: STXX), an oil and gas company, filed for relief under Chapter 11 in the United States Bankruptcy court for the Western District of Texas. The company will file…
Rig Counts Inching Back Up (BHI, OIH, DIG, USO, OIL)
This week’s data from Baker Hughes, Inc. (NYSE: BHI) on the weekly rig counts looks better and less mixed than in other weeks despite the notion that all projects should be financially sound at…
CIT (CIT) Gets $1 Billion From Icahn
CIT Group (NYSE: CIT) it has entered into an agreement with Carl Icahn to support its restructuring plan and secured an incremental $1 billion committed line of credit from Icahn Capital LP to provide supplemental…
Signals From The Money Supply
Since the start of the financial crisis the Federal Reserve has grown the money supply with incredible speed. Inflation hawks have been crying bloody murder. To be sure, the amount of dollars in the…
Bill Gates Gets Further Entrenched in Waste Sector (RSG, WM, MSFT, BRK-A)
If you thought that Bill Gates might have an ambition beyond just passive investing in the garbage and waste disposal sector, you might be correct. Bill Gates’ Cascade Investment, L.L.C. and the Bill &…
Top Day Trader Alerts (GNW, CIT, VVUS, NVTL, SWIR, HGSI)
We are only featuring a few key day trader and active trader stocks early this morning. We have links through to more data and analysis with links on each stock over at VSInvestor.com: Genworth…
Today’s Best Market Rumors (10/30/2009) (C)(CSCO)(SAPE)(DOX)(CTSH)
Updated throughout the day. Updated 3.23 PM EST: Analyst Michael Mayo says Citigroup (NYSE:C) will take a $10 billion write down the quarter. Citi denies it (CNBC) Updated 10.24 AM EST: Cisco (NSADAQ:CSCO) may…
Personal Income & Spending Dispel Inflation Fears
The consumer is still strapped. The Commerce Department posted its data for September’s personal income and spending, and frankly it almost makes you question yesterday’s GDP data. The report showed that Personal Income was…