China’s GDP Up 7.6%, as Expected
China’s growth fell well below what was more than 10% before the recession. It had recovered some last year and the earliest part of this one. Growth dropped to 8.1% in the first quarter…
All Work
Douglas A. McIntyre
Europe Hits Web 2.0 Earnings
Groupon (NASDAQ: GRPN) hit an all-time low of $7.72 yesterday. CNBC points out that part of the cause was the online coupon company’s exposure in Europe. The observation may be the first of many…
JPMorgan Tops Stock Analysts Poll
In the stock picking beauty pageants, JP Morgan (NYSE: JPM) has won a prize. Bloomberg reported: JPMorgan, under Americas equity research head Noelle Grainger, scored the largest number of highly ranked analysts, making it…
Apple Presses Into China
Apple (NASDAQ: AAPL) made another push into a market where it has to be successful to keep up its hypergrowth — China. Its new product for the market is an updated version of the…
What’s Important in the Financial World (7/12/2012)
Groupon (NASDAQ: GRPN) hit an all-time low of $7.72 yesterday. CNBC points out that part of the cause was the online coupon company’s exposure in Europe. The observation may be the first of many…
The Fastest Growing Cities in America
While the nation’s population grew last year by just 0.1%, many of the largest metropolitan cities are booming. Based on newly released data from the U.S. Census Bureau, 24/7 Wall St. identified the 10…
The Car Industry Bloodbath in Europe Worsens
Ford (NYSE: F) recently said its losses in Europe last quarter will be three times expectations. The recession that has spread across Europe is that bad. General Motors (NYSE: GM) will post more losses…
U.S. Companies Battered in Global PC Market
Sales of PCs worldwide were flat in the second quarter, according to research firm Gartner. The two largest U.S. companies did much worse. And the trend is likely to continue since neither Dell (NASDAQ:…
Foreclosures: The Worst Markets Still Suffer
RealtyTrac’s foreclosure report for the first half of this year contains mostly bad news. The worst of it came from the states that already have suffered the most. And, based on the data, that…
Media Digest (7/12/2012) Reuters, WSJ, NYT, FT, Bloomberg
U.S. foreclosures rise for the second straight month. (Reuters) Twitter’s ad business may have hurt new product development. (Reuters) Peugeot will cut 8,000 jobs. (WSJ) SUPERVALU (NYSE: SVU) puts itself up for sale. (WSJ)…
More On Amazon Smartphone
There are more rumors — or news, based on the credibility of the reports — that Amazon.com (NASDAQ: AMZN) has signed up suppliers in Asia to build a smartphone. The device would compete with…
More Trouble At J.C. Penney
JCPenny’s (NYSE: JCP) problems get worse and worse. The retailer said it would cut 350 people at its headquarters, which barely scratches the surface of its cost problems, nor altars a trend that caused…
Spain To Cut 65 Billion Euros
Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government will…
What’s Important in the Financial World (7/11/2012)
Spain has decided the only way to tackle its budget deficit is via extremely sharp expense cuts coupled with a more modest move to increase taxes. Prime Minister Mariano Rajoy says his government will reduce spending by…
The Car Industry Drives Toward Trouble
U.S. car companies cannot rely on Europe for profits. As a matter of fact, poor demand has caused losses in the region for General Motors (NYSE: GM) and Ford (NYSE: F). In a perverse…
Media Digest (7/11/2012) Reuters, WSJ, NY Times, FT
Italy may turn to the eurozone as it weighs options for its debt. (Reuters) AMR, still in Chapter 11, will consider mergers with other airlines, which could include US Airways (NYSE: LCC), JetBlue (NASDAQ: JBLU), Alaska…
Europe’s Problems Put Another 4.5 Million Jobs at Risk
The International Labour Organization (ILO) reports that, in addition to the 3.5 million lost jobs in Europe that have not been replaced since the recession began, another 4.5 million are at risk. The region…
China Falls Behind India and Russia
China’s economic situation has become troubled enough that analysts have begun to consider it a second-rate nation in terms of growth. Just a year ago, that analysis would have been impossible to support. As…
AMR Finally Grows Up
AMR filed for Chapter 11 more than seven months ago. Management had harbored hope that the company and its American Airlines operations could emerge as independent operations. AMR has decided to admit that the plan…
Home Sellers Smarter Than Realtors Think
Flickr, Images of MoneyThe services of real estate agents can be invaluable, but it seems that most sellers know how to sell their homes. And when it comes to home improvements before putting their…