Boeing, Google Among Top Hedge Fund Holdings
A look at which stocks the top 50 hedge funds own, without any need for comment (via Factset): The 50 largest hedge funds increased their equity exposure by over 5% in Q 1 2013…
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Douglas A. McIntyre
Recession in Italy Doubles Its Deprived Population
ThinkstockItaly’s statistics bureau has issued a report on just how badly a recession has crippled its population. According to World Bulletin: Millions of Italians cannot afford to heat their homes properly or eat meat…
SAC Capital Advisors and Steven Cohen May Face RICO Charges
ThinkstockThe Justice Department may hit SAC Capital Advisors and its founder Steve Cohen with the most brutal prosecution tactic possible, as far as tools for securities fraud go. According to the Wall Street Journal:…
New Xbox Launched as PS4 Forecast Crumbles
MicrosoftMicrosoft Corp. (NASDAQ: MSFT) launched its new Xbox One console as a foundation of the future of gaming. As about the same time, Sony Corp. (NYSE: SNE) greatly lowered expectations for its console business,…
Intel (INTC) CEO Takes Over Mobile Group
ThinkstockIn a brief filing by Intel Corp. (NASDAQ: INTC) to the Securities and Exchange Commission meant primarily to highlight the compensation package of new CEO Brian M. Krzanich, there was some small print about…
What Is Important: RICO for SAC Capital Advisors, Hedge Funds Favor Boeing
ThinkstockTop Hedge Fund Holdings A look at which stocks the top 50 hedge funds own, without any need for comment (via Factset): The 50 largest hedge funds increased their equity exposure by over 5%…
Media Digest: Reuters, WSJ, NYT, FT, Bloomberg
ThinkstockSony Corp. (NYSE: SNE) cuts forecasts for game console margins for the next several years. (MarketWatch) Sony also cuts targets for smartphones and camera sales. (Reuters) A complex Irish tax loophole helps Apple Inc.…
Facebook Use Falters Among Teens as Twitter Use Rises — Pew
courtesy of Facebook Inc.Periodically, new research shows that use and consumer “engagement” with Facebook Inc. (NASDAQ: FB) has fallen and is usually replaced by time people spend on some alternative social media. If all…
Apple Defends Tax Practices, Calls for Corporate Tax Reform
ThinkstockNear the top of the business headlines is the battle that Congress has started to wage with Apple Inc. (NASDAQ: AAPL) over the taxes it pays. By some measures, the company barely pays taxes…
Goldman Sachs Boosts S&P 500 Target
Wikimedia CommonsThe sentiment about the value of stocks continues to be relentlessly positive. None other than the powerful investment bank Goldman Sachs Group Inc. (NYSE: GS) has increased its target for the S&P 500.…
New Xbox Launch: The Hype Has Begun
ThinkstockMicrosoft Corp.’s (NASDAQ: MSFT) most important product announcement since Windows 8 will happen today as it releases details about its next generation Xbox. The hype already has begun. NBC News says of the new Xbox…
Fracking Gets Nod from Bureau of Land Management
The Department of the Interior’s Bureau of Land Management (BLM) may have dated regulations for hydraulic fracturing, or fracking, on public and Indian lands. That will, for the time being, keep the relatively new…
Why Average Gas Prices Will Reach Two-Year Memorial Day High
ThinkstockGasoline prices for Memorial Day will reach a two-year high, according to data from the AAA Fuel Gauge Report. It is not clear at all what, if anything, this will do to the economy. So…
What Is Important: Apple Corporate Tax, S&P 500 Forecast Rises
ThinkstockApple vs. Congress Near the top of the business headlines is the battle that Congress has started to wage with Apple Inc. (NASDAQ: AAPL) over the taxes it pays. By some measures, the company…
Media Digest: Reuters, WSJ, NY Times, FT
courtesy of AOL, IncYahoo! Inc.’s (NASDAQ: YHOO) profits in Asia will help balance the risk of its Tumblr buyout. (Reuters) A successful vote to split the chairman and CEO jobs at J.P. Morgan Chase…
Apple Holds Top Spot in 100 Most Valuable Brands, Failure to Look Forward
ThinkstockThe 2013 version of BrandZ’s Top 100 Most Valuable Global Brands put Apple Inc. (NASDAQ: AAPL) in first place with a valuation of $185.1 billion, ironic, given the company’s trouble. The research shows how…
New CEO: Chesapeake Energy Cleans Up Its Act
ThinkstockChesapeake Energy Corp. (NYSE: CHK) finally has succeeded in throwing out its morally challenged CEO Aubrey McClendon and some of his equally morally challenged board. McClendon not only enjoyed extravagant compensation, he also made investments…
EU Will Pursue Tax Cheats
ThinkstockEuropean Union leaders will turn to one of the most crippling parts of the region’s economies — tax dodging. Given the size of the underground economies in Spain and Greece, missing taxes are a…
Steven Cohen to Testify Before Grand Jury over Insider Trading
ThinkstockAs federal officials investigate insider trading at Steven Cohen’s SAC Capital Advisors, the noose has begun to tighten around his neck. There has long been a suspicion that he was aware of the illegal…
Unhappy Eighth Birthday, YouTube
courtesy of YouTubeGoogle Inc.’s (NASDAQ: GOOG) YouTube, which was founded eight years ago, has barely changed, except for the number videos posted at the site. It brings in almost no revenue for the search…