RadioShack, Left For Dead, Dies
RadioShack (NYSE: RSH), at 90 years old, operates in over 7,200 locations. Even with those advantages, the company might as well fold. The company stands as a fine example of how better-run competitors and…
All Work
Douglas A. McIntyre
What’s Important in the Financial World (6/12/2012)
Industrial production in the United Kingdom slowed in April, another sign that the economy there has fallen into recession. The Office of National Statistics reported: The seasonally adjusted Index of Production fell by 1.0…
The U.S. Recession Continues with a Vengeance
Month after month, Gallup polls about how Americans view the economy have shown that many people believe the United States is still in a recession. A few have described the economy as in a…
No Employment Recovery Worldwide
The Manpower Employment Outlook Survey for Q3 2012 examines hiring plans across the world. The research covers more than 65,000 human resources and senior managers. An analysis of the data concludes that, in a…
Media Digest (6/12/2012) Reuters, WSJ, NYT, Bloomberg
Apple (NASDAQ: AAPL) will challenge Google (NASDAQ: GOOG) with its own map service. (Reuters) A Manpower Group survey shows that companies in most parts of the world do not want to add workers. (Reuters)…
TomTom and Apple Join Forces to Rule Map World
When Apple (NASDAQ: AAPL) announced it would launch its own map products, analysts wondered where the data would come from. The question was answered today when the world’s most valuable company set a partnership…
Tokyo–World’s Most Expensive City
Human resource company Mercer has released its study of the most expensive places to live. This is for expats, and not the locals. At the top of the list is Tokyo, which is usually…
Saudis To Battle OPEC On Oil Prices
There are reports that Saudi Arabia may battle with its fellow OPEC members over near term oil production. The Saudis have supported high exports recently, which has helped the price of crude to drop…
UK Production Falls
Industrial production in the UK fell in April which in another sign that the economy there has fallen into recension. The Office of National Statistics reported: The seasonally adjusted Index of Production fell by…
The Most Dangerous Cities in America
Today, the FBI announced that violent crime dropped 4% in 2011, compared to a 5.5% drop in 2010. Nationally, the murder rate fell 1.9% from 2010, and robbery, forcible rape and assault fell 4%…
Banks Hiding the Most (and Least) Fees
As new regulations have eaten into their profits, banks have looked for new ways to increase revenue from their customers. Many banks tried, unsuccessfully, to implement debit card fees. More successful for banks was…
WWE Hits 52-Week Low: World Wrestling Entertainment Sharesholders Get Slammed
Editor’s note: 24/7 recently pointed out that managment at WWE has done a poor job for shareholder. Yesterday, its shares reached a 52-week low of $7.48 Holders of shares in World Wrestling Entertainment (NYSE: WWE)…
Tablet PC Sales Surge
For some strange reason, research firm Comscore measures tablet PC sales in relationship to smartphone activity. Each is quite different from the other, based on screen size and resolution and computing power alone. Comscore’s largest poll on tablets…
Unions Still Support Democrats
American unions and their members have supported Democrats for decades. Democrats continue to be seen as champions of the blue-collar class, as well as lower-paid professions like teaching. Republicans still have the image as the party of…
Where Do All Those Chinese Exports Go?
China’s May export numbers were much stronger than expected. With the world’s economy slowing, it is hard to imagine where those exports went. It is even harder to figure out how this success can…
What’s Important in the Financial World (6/11/2012)
The attention of international capital markets is likely to turn to Italy now that Spain has gotten a $125 billion reprieve for its economy and troubled banks. Although Greece remains a concern, Italy is Europe’s third-largest…
Media Digest (6/11/2012) Reuters, NYT, FT, Bloomberg, CNBC
China’s growth slows in May. (Reuters) Troubles in Europe and the slowing of emerging economies threaten U.S. company earnings. (Reuters) China’s exports rose rapidly in May, which may help its domestic economy. (NYT) Europe’s…
Android Activations Hit 900,000 A Day
Andy Rubin, one of Google’s (NASDAQ: GOOG) senior engineers, claimed in a tweet that over 900,000 Android devices are activated each day. He did not mention the source of his comments. Android currently has…
Gas Prices Plunge
Robert Murray http://www.geograph.org.uk/photo/1449653Gasoline prices continued to drop along with oil. There is some hope that the collapse could help the US economy in the second half as Americans continue to contend with persistently high…
Sovereign Debt Attack. Is Italy Next?
The attention of international capital markets is likely to turn to Italy now that Spain has gotten a $125 billion reprieve for its economy and troubled banks. Although Greece remains a concern, Italy is…