Blaming Newspaper Management For Newspaper Problems
The New York Times (NYT) and Washington Post (WPO) both said that they would have to cut jobs and salaries. The falling revenue in the print advertising business is overtaking them and they have…
All Work
Douglas A. McIntyre
Regulating The Cobblestones On Wall St.
There is nothing wrong with regulatory agencies and regulations for that matter. It is what keeps four-year-olds from becoming airline pilots and orangutans from being airline mechanics. The theory behind regulation is simple. It…
Media Digest 3/27/2009 Reuters, WSJ, NYTimes, FT, Bloomerg
According to Reuters, the Obama financial reforms face a bumpy road. Reuters reports that the NY State Attorney General has subpoenaed AIG (AIG) over its CDS contracts. Reuters reports that Obama’s financial remedies may…
Apple (AAPL) May Up iTunes Pricing
Apple’s (AAPL) position in the digital music business is so strong that it may decide to raise it pricing in the middle of a recession. According to the LA Times, “The world’s largest music store,…
And Suddenly, Solar Back To Bonkers (FSLR, LDK, SPWRA, TAN, SOLR, STP)
The sudden strength in the stock market and the rise in the price of oil is suddenly making the key solar sector stocks rise. Solar shares also appear to be benefiting from China’s…
If AIG Really Needs Another $234 Billion…. (AIG)
American International Group Inc. (NYSE: AIG) looks to be in the soup again. Reports of two top executives in Paris quitting the firm may leave AIG with a big black hole that could end…
RIP, MBA
The economic crisis has exposed the myth of business-school expertise. By Matthew Stewart of The Big Money Put your ear to the ground near any business school campus, and you will hear the sound…
Buckeye Offers More Units (BPL, BGH)
Pipeline master limited partnership Buckeye Partners, L.P. (NYSE:BPL) is offering 2.6 million new common units at a price of $36.25/unit. The number of units offered was raised from an initial 2.35 million units.
Wall St. To Move To Socialism
It looks like Treasury Secretary Geithner wants to completely socialize Wall St. and set up a level of regulation that will cover anything in the financial industry which has a pulse. According to The…
Deutsche Bank Says Palm (PALM) Will Hit $12
Deutsche Bank raised its price target on Palm (Nasdaq: PALM) from $10 to $12 yesterday and also maintained its Buy rating. Deutsche remains confident about the Palm Pre and said it believes the new…
Once Again, Tim Geithner Gets It Exactly Wrong
By John Tamny of RealClearMarkets The Dow Jones Industrial Average rallied 6 percent on Monday after the announcement of Treasury secretary Tim Geithner’s latest bank relief plan. The stock surge might point to significant…
Goldman Digs The R-I-M (RIMM)
Research in Motion Ltd. (NASDAQ: RIMM) is soaring this morning on an analyst research note. Goldman Sachs has said that traders should buy the stock ahead of next week’s earnings announcement due on…
Denbury Resources Hits the Big Time (DNR, ROH, DOW)
Oil and gas E&P company Denbury Resources Inc. (NYSE:DNR) will be added to the S&P 500 after trading closes on April 1st. Denbury replaces Rohm and Haas Co. (NYSE:ROH), which Standard & Poor’s expects…
Jobless Claims: The Hope of Less Misery
The jobs data is not getting better yet. This last week’s jobless claims increased by an adjusted 8,000 to 652,000 in the March 21 week. Last week’s jobless claims were revised to 644,000. There…
Top Analyst Upgrades & Downgrades (BCE, GOOG, IACI, SYMC, VCLK, CSL, CEO, JNS, MFE, SOLF)
These are the top pre-market upgrades and downgrades we have seen from Wall Street this Thursday morning: BCE (BCE) Started as Overweight at Thomas Weisel. Google (GOOG) Raised to Buy at Canaccord. IAC/Interactive (IACI)…
Expert Predicts Oil Price Spike, But May Be Wrong
The legions of experts who think oil prices will move sharply higher soon is increasing. Part of the logic behind expectations of higher crude prices is that a long period of low prices has caused a…
Pimco Says Fed Is Underfunded
To further add to the confusion about how much money the federal government will need to stimulate the economy out of recession, Pimco, the huge bond house, says that the Fed is underfunded by…
Nintendo Goes For Coup De Grace In Video Game Business
Nintendo already has a significant lead in the game console business. Its Wii routinely outsells the Microsoft (MSFT) Xbox 360 and Sony (SNE) PS3. The Japanese company seems to think its advantage is not…
Commercial Real Estate Is Snake In The Grass For Banks
The price of bank stocks is some indication that Wall St. believes that the industry is coming out of the woods. But, even if toxic assets can be sold off of bank books under the…
Still No Road To Recovery In Detroit (F)(GM)
The Administration’s blue ribbon panel assigned the task of deciding what should happen to GM (GM) and Chrysler has, as would be expected, said that it wants to keep the two companies out of…