Asia Market and Europe Open 11/17/2008
Markets in Asia were mixed. The Nikkei rose .7% to 8,523. The Hang Seng fell .2% to 13,510. The Shanghai Composite was up 2.2% to 2,020. The FTSE opened down .7% to 4,024. The…
All Work
Douglas A. McIntyre
Brilliant Move: Goldman Sachs (GS) Says Top Seven Execs Will Skip 2008 Bonuses
In a remarkably shrewd move, the top seven executives at Goldman Sachs (GS) will give up their 2008 bonuses. That should keep Congress and regulators off the investment bank’s back and allow it to…
Republicans Begin To Turn Against Detroit Bailout, Increases Chances of Bankruptcies
With the Fed and Treasury apparently willing to sit on the sidelines while GM (GM) and Chrysler run low on money and head toward possible bankruptcies, it has been left to Congress to put…
G20 Meeting On Financial Crisis A Failure
A little less conversation a little more action pleaseAll this aggravation ain’t satisfactioning meA little more bite and a little less barkA little less fight and a little more spark…Elvis Presley The G20 financial…
Citigroup (C) May Cut 35,000 More Jobs
Citigroup (C) CEO Vikram Pandit will have an employee meeting on Monday in the hope that he can calm concerns that the huge financial company is falling apart. With its stock below $10 there…
New Warren Buffett & Berkshire Hathaway Stocks A-H (AXP, BUD, BAC, BNI, KMX, KO, CMCSA, COP, CDCO, COST, GCI, GE, GSK, HD)
These are some of the changes we have seen in the holdings of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A). We have consolidated these into groups and this group is alphabetical from A to…
New Warren Buffett & Berkshire Hathaway Stocks I-S (IR, IRM, JNJ, KFT, LOW, MTB, MCO, NKE, NSC, NRG, PG, SNY, STI)
We have outlined the changes we have seen in the holdings of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) and these were put into groups in alphabetical order from I to S for the…
New Warren Buffett & Berkshire Hathaway Stocks T-Z (TMK, USB, USG, UNP, UPS, WBC, WMT, WPO, WFC, WLP, WSC)
We have outlined the changes in the holdings of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) and consolidated these into alphabetical order from "T to Z" for the quarter ended on September 30, 2008:…
Bill Gates & Cascade New Stock Holdings (AN, BRK-A, CNI, KOF, FSCI, FMX, GBL, TV, OTTR, PCX, LGBT, PNM, RSG, SIX, BEE)
These are the new holdings (sans ETF and sans derivatives) for Bill Gates’ CASDADE INVESTMENT LLC As of September 30, 2008: AUTONATION (NYSE: AN) …
Citigroup (C) CEO Pandit Say Bank’s Revenue Is “strong and stable”: Shares Stay Below $10
According to Bloomberg, Citigroup Inc. Chief Executive Officer Vikram Pandit sought to reassure employees today, saying in an internal memo that the bank’s revenue is “strong and stable” and its capital “plentiful.”’. For some…
Sun (JAVA): Fire CEO Schwartz And Chair McNealy And Save $4 Million
Fire the two clowns who run Sun Microsystems (JAVA) and the firm saves about $4 million in cash compensation. Compared with the 5,000 to 6,000 people the company will let go to save about…
How Does $14 Trillion In Consumer Debt Get Paid Back? It Doesn’t
US consumers have taken on $14 trillion in debt, which may not seem like a lot, but it is up 137% in a decade. That is what rising housing prices and easy credit will…
24/7 Day Trading Alerts: Strip Club, Naked Lady Stock Rocks (RICK)(WYNN)(NOK)(TXN)(QCOM)(ERIC)
Rick’s Cabaret (RICK) may be in a business which many investors disapprove of. It runs strip clubs. Nonetheless, the stock is soaring today. Another vice stock, Wynn (WYNN) is trading heavy on a new…
China, Back To Candles & Rice Farming
Everyone wants to know when the "recession" in China with 8% growth will start to level off. If you read the WSJ this morning, you will see another ominous sign that China is not…
Clean Energy & T. Boone Pickens Ride the Roller Coaster (CLNE)
Energy stocks rose along with the market in its 500+ point rally yesterday, and Clean Energy Fuels (NASDAQ: CLNE) did its part. It actually had a massive beta yesterday as its shares soared nearly…
NorthWestern Energy Gets a Power Plant (NWE)
Yesterday, Montana’s Public Service Commission approved a request from NorthWestern Energy (NYSE:NWE), the largest electricity distribution company in the state, to purchase an existing coal-fired power plant in exchange for an agreement to operate…
Sun Microsystems & Pink Coal For Holidays (JAVA)
Sun Microsystems Inc. (NASDAQ: JAVA) just can’t get it right. The focus of the business is elusive and it seems that nothing it embarks on works. Actually, it doesn’t seem that way. It is…
If Nokia (NOK) Says It Is Bleeding, Motorola (MOT) Is Dead
According to several media accounts, Nokia (NOK) is forecasting real trouble in the handset market both in the fourth quarter and into 2009. According to MarketWatch,Nokia warned that industry volumes for the fourth quarter…
JC Penney (JCP): The Real Face Of Retail
Anyone looking at Wal-Mart’s (WMT) results would have have been terribly misled about the state of American retail. JC Penney (JCP) showed what retail really looks like in a recession. JPC reported earnings per…
Freddie Mac (FRE) Manages To Lose $25 Billion
Freddie Mac (FRE) reported a net loss of $25.3 billion, or $19.44 per share, for the quarter ended September 30, 2008, compared with a net loss of $1.2 billion, or $2.07 per share, a…