Asia Markets And Europe Open 12/2/2008
Markets in Asia were sharply lower. The Niikkei fell 6.4% to 7,964. Honda (HMC) fell on a strong dollar. The Hang Seng was off 4.8% to 13,636. China Life (LFC) and China Mobile (CHL)…
All Work
Douglas A. McIntyre
CEO Of The Year Nominees: 2) James Dimon Of JPMorgan Chase (JPM)
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week. The CEOs are chosen on…
The Huffington Post Is Now Worth More Than TheStreet.com (TSCM)
It makes a certain amount of sense. The Huffington Post has raised $25 million at a valuation that the media is putting at $115 million. TheStreet.com (TSCM), which is public, has a market cap…
Palm’s Air Ball (PALM)
Palm, Inc. (NASDAQ:PALM) has just come out with guidance for the end of its quarter. As you might have guessed before reading any further, it lowered guidance. Lower guidance is one thing, but this…
Bernanke Could Do More To Help Economy, But Hasn’t Bothered
Gradualism may end up being the failing global economy’s worst enemy. Many analysts don’t think that the Paulson plan’s $700 billion war chest was enough. Obama’s economic team may have to go back to…
Harvard Dumps Private Equity Holdings
Harvard is the richest university in America. Last month, its endowment value was pegged at $37 billion. But, the managers of that pot are panicking like rookies, hitting the exits trying to dump its…
10 CEOs To Go For 2009: Mel Karmazin of SIRIUS XM (SIRI)
It is December, and it is time for many companies to review their existing plans and decide to make some major changes in 2009. SIRIUS XM Radio Inc. (NASDAQ: SIRI) now stands at a…
The Government’s Recession Versus Your Recession
As if you did not notice, the US economy is in a recession. We have been maintaining that for just about the whole of 2008. Now today we have the official data from the…
10 CEOs To Go For 2009: Rick Wagoner of GM (GM, F)
It is already December and it is time for corporations to have at least started their reviews for how to improve in 2009. Those reviews will involve many management reviews, and many companies would…
Double Barrels Hit Financials
Most industries get to spread out their bad news. The current exceptions appear to be the automotive and banking sectors.Some days they can be hit from three or four sides. An impression that the…
The Manufacturing Recession Gets Worse
The ISM Manufacturing report was as dismal as one could expect and definitely well into the recession levels for those who have been on the fence. The Institute for Supply Management showed that manufacturing…
CEO Of The Year Nominees: 1) Robert Iger of Disney (DIS)
24/7 Wall St. will name its annual CEO of the Year next week. The executive will be picked from a field of ten which we will profile this week. The CEOs are chosen on…
Chesapeake Wants To Print Money (CHK, BP, STO, PXP)
Chesapeake Energy Corp. (NYSE:CHK) filed three documents with the SEC on Friday. One replaces a shelf registration that expires on December 5, the second authorizes the issuance of up to 50 million shares of…
Citigroup Says General Electric (GE) Could Lower Guidance At Tomorrow’s Event
Citigroup commented on General Electric Co. (NYSE: GE) ahead of tomorrow’s GE Capital webcast. The firm said the webcast could be a forum to lower its 2009 outlook. The analysts noted that in prior…
How Do We Start Growing Again?
By John Tamny, RealClearMarkets Amid the tumult in the U.S. banking and manufacturing sectors, there’s been lots of apocalyptic talk about how the failure of certain banks or companies could drive the economy into…
Another Set Of Numbers Shows Failing Global Economy
The UN’s report on World Economic Situation and Prospects 2009 contains almost no good news. According to Reuters, "World economic growth will slow to 1 percent in 2009 from 2.5 percent this year as…
J&J: Now Master Over Mentor (MNT, JNJ)
If you thought that high-premium buyouts or M&A was dead, that is not the case in at least some opportunities. Mentor Corp. (NYSE: MNT) has just secured a major premium buyout this Monday morning…
Top Pre-Market Analyst Upgrades & Downgrades (ACN, ACL, BHP, PGI, ASML, IPAR, ITRN, STM)
It is looking fairly quiet on the analyst research front this Monday morning. Here are today’s early bird upgrades and downgrades from Wall Street analysts: Accenture (ACN) Raised to Buy at SocGen. Alcon (ACL)…
The Holiday Spending Head Fake
Management of companies in the retail sector are waking up to sunny skies today. Evidence is that Black Friday sales moved up 3% over last year. But sales are not profits, and that is…
No More Credit Cards: GDP Bleeds Out
There is something to be said for giving nearly everyone a lot of access to credit when the economy and real estate values are improving. If consumers don’t have a ready way to find…