Newspaper Industry Gets Torn Up Again
Warren Buffett may be the only newspaper owner in American who wants to support the business. In addition to his ownership of daily newspapers in Omaha and Buffalo, he recently bought a portfolio of…
All Work
Douglas A. McIntyre
Short Sellers Hit Internet Stocks
For the two weeks that ended on May 15, short sellers hit old and new Internet site companies alike. Among firms that had IPOs recently, the short interest in Zynga (NASDAQ: ZNGA) rose 35% to…
Hyundai Loses Ground in the Car Sales Race
Hyundai, and its sister brand Kia, have had the hottest selling cars in the American market since the recession began. The rational for this is that the South Korean company delivered high-quality cars and…
Memorial Day as a Litmus Test for the Econony
The AAA issues a forecast of Memorial Day driving each year. It believes the rise will be 1.2% this weekend, helped in part by lower gas prices and an improved economy. The increase may…
Media Digest (5/25/2012) Reuters, WSJ, NYT, FT, Bloomberg
Four market markers involved in the Facebook (NASDAQ: FB) IPO lose $100 million combined. (Reuters) EU concerns push the euro to close to a two-year low. (Reuters) Goldman Sachs (NYSE: GS) will invest $40…
MSNBC.com Sale?
Comcast’s (NASDAQ: CMCSA) NBCUniversal operations is in talks with Microsoft (NASDAQ: MSFT) to takeover the part of MSNBC.com which it does not already own. The rumor was reported in Adweek.Microsoft may not want to…
Samsung Galaxy S3 Hits US–For $800
The wildly successful Samsung Galaxy S 3 will be available in the US starting on June 1. But, the first wave of handsets will not be sold by carriers. Amazon.com (NASDAQ: AMZN) will sell…
Yahoo!’s Browser “Axis”
For some reason, Yahoo! (NASDAQ: YHOO) wants to be in the crowded web browser sector. Its new product is called “Axis”. It is meant to compete with Apple’s (NASDAQ: AAPL) iPhone, iPad and iPod Touch…
Toyota Expands To Emerging Markets
Toyota (NYSE: TM) announced it would move more aggressively into emerging markets. The WSJ reports that Toyota, Japan’s biggest car maker by volume, plans to sell more than 1 million subcompacts in more than…
Apple’s Cook Skips $75 Million Dividend Distribution — Without Explanation
Tim Cook, Apple’s (NASDAQ: AAPL) CEO, must think the hundreds of millions of dollars in compensation he has earned since taking the chief executive position is enough. He will forgo dividend payments Apple gives to…
Today’s Best Market Rumors (5/24/2012) Morgan Stanley Leak
Updated throughout the day on the 24/7 Wall St.Wire Capital Research & Management was warned about revenue expense cuts at Facebook before its IPO (WSJ) China’s CIC may make a $2 billion investment in…
What’s Important in the Financial World (5/24/2012) Costco Earnings, Oil Below $90
Oil has hit an extraordinarily low price, below $90 a barrel for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China actually may depress…
Martha Stewart Returns to a Ghost Town
Martha Stewart has become chairman of Martha Stewart Living Omnimedia (NYSE: MSO), the company she founded. Legal trouble had kept her off the board. Now, after a stint as a director, she has moved into…
T-Mobile’s Troubled Future
T-Mobile, the fourth-largest wireless company in the United States, needs a buyer, not a partner. However, the chances that a buyer will materialized are unlikely, and even parent Deutsche Telekom admits it. DT’s CEO…
Germany Loses Its Footing as Confidence Craters
Early this morning, HSBC said its China Purchasing Managers’ Index in May slipped to 48.7, lower than expected. Later in the day, there was evidence of a sharp slowdown in the German economy. The Ifo Business…
Costco Posts Another Strong Quarter
Costco (NASDAQ: COST) continues its extraordinary run as the most successful big box retailer. Its “club membership” system has bettered the more traditional store operations of Wal-Mart (NYSE: WMT) and Target (NYSE: TGT). Net…
Media Digest (5/24/2012) Reuters, WSJ, NYT, FT, Bloomberg
Many members of the EU want Greece to remain a member but have begun to prepare for its departure. (Reuters) Hewlett-Packard (NYSE: HPQ) posts better-than-expected earnings and says it will fire 27,000 people. (Reuters)…
Who Knew What, When About Facebook?
courtesy Facebook Inc.The debate over whether some large investors were warned about a revenue downgrade of Facebook (NASDAQ: FB) continues. Several media have carried stories about Morgan Stanley (NYSE: MS) and Goldman Sachs (NYSE:…
A Look Back At Largest IPOs
A quick review of the 25 largest US IPOs ever shows how badly Facebook (NASDAQ: FB) has done in early trading. Most of the company’s on the list have tremendous revenue, traditional business plans which…
Oil And Gas Dip More
Oil has hit an extraordinarily low price, below $90 for WTI crude. That is the lowest level since October. It shows no inclination to spike back up. PMI data from Europe and China may…