BMW Earnings: Investment Despite Economy
BMW continues to invest in people and technology, even in the face of trouble in its home market of Europe and concerns that the balance of the world’s large economies may have begun to…
All Work
Douglas A. McIntyre
How the Olympics Pushes Important News Off Front Pages
Wikimedia CommonsIf the Olympics were not occurring, news of a budget deal by Congress to extend the functioning of the federal government for another six months likely would lead the news. Or, perhaps news that…
Media Digest (8/1/2012) Reuters, WSJ, NYT, FT, Bloomberg
Facebook Inc. (NASDAQ: FB) shares reach an all-time low as doubts about its business model grow. (Reuters) China’s PMI for July falls. (Reuters) Home prices may have steadied, according to Case-Shiller data. (Reuters) Apple…
Nine Great American Companies That Will Never Recover
wikicommons / SkimstaMany American companies have been lauded for their rapid rise to greatness, a process that sometimes takes less than a decade. These firms become leaders in their industries, are renowned for innovation,…
More China PMI Trouble
Twice a month, economists hold their collective breath as China PMI data are issued. One set of numbers comes from huge bank HSBC (NYSE: HBC) and the other from the People’s Republic itself. The…
Take-Two (TTWO) Slaughtered After Poor Numbers
Shares of Take-Two Interactive (NASDAQ: TTWO) dove beneath their recent 52-week low of $8.65 after the firm reported abysmal earnings. After hours, Take-Two shares dropped 6% to $8.27 For the first quarter of fiscal…
The Top Ten Consumer Complaints
Auto, credit and debt, and home improvement continue to be the biggest sources of consumer complaints, three years running. According to a report released today, new issues like bed bugs and coupon fraud are…
Another Dendreon Price Target Cut
Canaccord Genuity provided 24/7 Wall St. with a research note on its downgrade of Dendreon (NASDAQ: DNDN): DNDN Target Cut Following Dendreon’s (DNDN) Q2 2012 results Canaccord Genuity biotechnology analyst Salveen Richter lowered her…
What Do India and Twitter Have in Common? Service Outages
Twitter and India may want to hire the same quality assurance outfit. According to Techcrunch, Twitter has 500 million users, of which the tech news site says 170 million are active. One of the…
Case-Shiller: Housing Down Year-Over-Year
Although housing prices rose month-over-month from April to May, they fell year-over-year, according to S&P/Case-Shiller. Data through May 2012 for the S&P/Case-Shiller Home Price Indices showed that average home prices increased by 2.2% in…
Today’s Best Market Rumors (7/31/2012) Alibaba Raises $8 Billion
Updated throughout the day on the 24/7 Wall St. Wire: Apple Inc. (NASDAQ: AAPL) will launch the iPhone 5 at a September 12 meeting. (Reuters) Alibaba will raise $8 billion. (NYT) Douglas A. McIntyre
Horses Race for Coke CEO Job
A headline on the home page of Coke.com reads “Battle for Everything.” It is a promotion for a film that failed at the box office — “Battleship.” It could describe the match the Coca-Cola…
U.S. Post Office Ready to Collapse
The U.S. Postal System probably will default on about $5 billion owed to the Treasury as soon as this week. There are actually two payments, one of $5.5 billion due now and another in…
LinkedIn (LNKD) — the Greatest Stock in the World
CNNMoney has added its voice to the chorus that says that LinkedIn is the “only social network that matters.” Website Business Insider has made the same argument for months. Part of the assumption that LinkedIn…
What’s Important in the Financial World (7/31/2012)
This is what is important in the financial world on July 31, 2012.
Manchester United IPO and the Green Bay Packers
A number of valuation experts believe that the price of shares in the Manchester United (NASDAQ: MANU) initial public offering have been set far too high. The IPO has been described at the “next Facebook.” Word is that the…
Media Digest (7/31/2012) Reuters, WSJ, NY Times, FT
Yahoo! Inc.’s (NASDAQ: YHOO) former interim CEO, Ross Levinsohn, quits. (Reuters) Manchester United sets IPO terms. (Reuters) The jury is selected in the Apple Inc. (NASDAQ: AAPL) vs. Samsung Electronics Co. IP suit. (Reuters)…
America’s Economically Lost Generation Is Not Lost
The Financial Times is the latest medium to point out that America may have an economically lost generation. “The jobless rate for Americans age 16 to 24 is above 16 per cent, more than twice the…
India’s Drawback — No Roads, No Power
CIA World FactbookChina has a robust infrastructure that includes roads and bridges. It also has a sophisticated energy delivery system. As a matter of fact, several of the biggest companies in the People’s Republic…
UBS Results Hurt by Facebook
UBS (NYSE: UBS) posted earnings that were hit by, among other things, a loss due to the Facebook (NASDAQ: FB) IPO. It was the first loss of substantial size released by any large financial firm.…