Yelp Prices Above Expected Range
Local business review provide, Yelp, has priced above its expected IPO range of $12 to $14. The IPO will begin at $15 a share for 7.1 million shares. The price is a surprise because…
All Work
Douglas A. McIntyre
Gas Rises Another Day
Gas prices per regular gallon rose again yesterday according to AAA. Fortunately, the rise was only a blip. The service reports that the average price of regular was $3.741 up from $3.738 a day…
Peugeot Citroën SA May Make GM Cars
Radio network RTL interviewed Peugeot Citroën SA CEO Philippe Varin who said his company may begin to product GM cars in Europe after 2016. GM took a 7% interest in Peugeot which brought the European firm…
Wal-Mart And Target Set Mobile Payment Plan–WSJ
Target (NYSE: TGT) and Wal-Mart (NYSE: WMT) are sick of letting firms like Google (NASDAQ: GOOG) make money on customers who use mobile devices to make retail purchases. Among other things, affinity card traffic…
AT&T Cuts Unlimited Data Programs
AT&T stated it will begin to charge penalties for some customers. 4G LTE customers will be hurt the most. Their data download levels per month will be limited to 5 GB. For 3G customers, that figure will…
Spain’s Jobless Rate At 23.3% In January
Eurostat reports joblessness in Spain rose to 23.3% in January. Should the counting process be similar to the one in the US which does not include the partially employed, the figure could be much higher. The data will cause more disagreement between the proponents…
Brent Spikes On Saudi Pipeline Rumor
Brent spiked higher than $125 on information of an explosion of a Saudi pipeline. It turned out to be just a rumor Once that was clear the price dropped several dollars. There is a message from the price movement. Traders and speculators have migrated from…
Bridgewater Payout
No hedge fund has made more money for their investors than Bridgewater Associates did last year. Success in the industry continues to result in tremendous pay. Forbes estimates that Bridgewater founder Ray Dalio made…
Avon Fails To Recover
Avon Products (NYSE: AVP) shares are down over 15% in the last six months. The S&P 500 index is higher by 14%. Avon has not recovered from poor earnings and an SEC investigation. And,…
Car Sales Soared In February, Most Makers Up Double Digits
The still-sputtering economy which continues to be undermined by high unemployment and low home prices has not arrested a tremendous revival of car sales. In 2008 and 2009, national sales barely averaged 10 million, down…
Pew–Rich Tax Will Not Eliminate Deficit
There has been a great deal of debate about whether a tax on the rich–a Buffett tax–would substantially shrink the federal budget deficit, or perhaps eliminate it completely A new study from The Pew…
America’s Most Fuel Efficient Cars
With gasoline prices inching closer to $4 and even $5 a gallon, more Americans will make high gas mileage a priority when they buy their next car. The good news is that new technologies…
Foreclosed Homes Sales — 50% Off
Some 24% of the homes sold in the U.S. during the fourth quarter were in some stage of foreclosure, according to Realtytrac. The firm’s 2011 U.S. Foreclosure Sales Report also reported that: The average…
Why Should Banks Not Add New Customer Fees?
The Wall Street Journal reports that Bank of America (NYSE: BAC) may add new consumer bank fees, several months after it withdrew a plan to charge $5 for some transactions. The press and customer…
As Car Business in U.S. Brightens, in Europe It Gets Uglier
February car sales in the U.S. will be at multimonth highs and the annual sales run rate will be 14 million. Chrylser has already announced a 40% improvement. That is still well below the…
What’s Important in the Financial World (3/1/2012) Facebook Ads, European PMI
There may be a ray of light out of China showing that parts of the global economy are solid. The PMI of the People’s Republic rose to 51 in February, a sign that manufacturing grew…
Voters Greatest Issue Ahead Of Election–The Economy
It would be hard to guess otherwise. US voters are more concerned about any other issue, as the nation election is now only month away and the Republican candidates face a battle between now…
Italian Prime Minister Expect Adequate Bailout Fund
Now that the problem of a Greek bailout it temporarily over, the region has turned its attention to the size of bailout funds available for a future crisis. The IMF says the value of…
Foreclosures Are A Quarter Of US Home Sales–Realtytrac
Homes in foreclosures were one of four house sales in the final quarter of last year. The discounts on the prices of these homes tends to push down the value of houses nearby. The…
China Steps Away From US Treasuries–DJ
China has apparently cut the portion of its currency reserves help in US debt. Perhaps the world’s most populous nation wants to pressure the richest one on trade and military issues. Perhaps the People’s Republic…