Government Approves Capitol One Deal For ING
The Federal Reserve approved a buyout of ING Direct by Capitol One The Fed announced Based on the foregoing and all the facts of record, the Board has determined that the proposal should be,…
All Work
Douglas A. McIntyre
US Economic Confidence Best In A Year–Gallup
Economic confidence in the US is the best it has been in a year, according to new data from Gallup. The data meshes with improved employment, and a general improvement in consumer confidence. The…
Today’s Best Market Rumors (2/14/2012) Apple 4G iPad, Samsung LCD
Updated throughout the day on the 24/7 Wall St. Wire Apple (NASDAQ: AAPL) is at work on a small screen iPad with an 8 inch screen (WSJ) AT&T (NYSE: T) and Verizon Wireless will…
The 10 Countries Deepest in Debt
The Greek government on Sunday agreed to drastic austerity measures in the hopes of securing a 130 billion euro bailout from international creditors — the second bailout in two years. The measures include dramatic…
U.S. Budget Analysis — a Penny Costs 2.4 Cents to Make
Jon OggAmong the requests highlighted by the White House Office of Management and Budget as the Obama Administration sent its 2013 proposal to Congress is $8 million for a new Coast Guard ice breaker.…
Boeing’s Record Order with Lion Air — The Rise of Indonesia
Boeing (NYSE: BA) said 33,500 commercial planes will be sold between now and 2030. An affirmation of its forecast was a $22.4 billion deal with Lion Air, the Indonesian carrier. PT Lion Mentari Airlines, as…
An Unexpectly Benign View of China
A recent Gallup poll showed that most Americans view the Chinese economy as more powerful than America’s. The media regularly reports that China’s currency value is set to damage its trade equality with the U.S. And…
What’s Important in the Financial World (2/14/2012) Moody’s Downgrades Europe, New Apple Products
The relentless attack by U.S. credit rating agencies on the risk of the sovereign debt of EU members continues. It happened again yesterday when Moody’s downgraded a number of nations just after a deal was set for another bailout…
Media Digest (2/14/2012) Reuters, WSJ, NYT, FT, Bloomberg
Google (NASDAQ: GOOG) gets approval from the European Commission and the U.S. to buy Motorola Mobility (NYSE: MMI). (Reuters) Boeing (NYSE: BA) signs a $22.4 billion deal with Lion Air. (Reuters) Moody’s says it…
Greece GDP Down 7%–National Stat Office
Greece’s official statistics office announced that the nation’s GDP fell by 7% in the fourth quarter. A look at the data shows the contraction goes all of the way back to the last quarter of…
Industrial Production In Euro Area Down 1.1%–Eurostat
The official statistics office of the EC–Eurostat– announced that industrial production in the Euro Area which is comprise of 17 nations, fell 1.1% from November to December. In the 27 nation EU, the figure…
German Optimism Surges–ZEW
The balance of Europe may be bogged down by recession and sovereign debt problems. Moody’s downgraded the sovereign debt ratings of Spain, Portugal, and Italy and warned on the AAA ratings of France and…
Apple iPad 4G?–WSJ
Another new rumor, posted by The Wall Street Journal, is that Apple will release a new 4G enabled iPad to be marketed by AT&T (NYSE: T) and Verizon Wireless. Apple has been considered at at disadvantage…
Apple To Release Small Screen Tablet
Among the hundreds of rumors about the release data and technical prowess of the new iPad 5 is another rumor that the company will release a tablet with a smaller screen–perhaps 8 inches–according to…
Boeing Gets Record Order From Lion Air
Boeing got a record $22. 4 billion order from Indonesian carrier Lion Air. The order is made up of 230 Boeing 737s, one of the manufacture’s older models. Boeing has effectively milked the 737 for…
Moody’s Downgrades Spain, Italy, Portugal, Others
In a sign that a probable settlement of negotiations among Greece, the IMF, ECB, and EU for a new aid package for the small nation has done nothing to curtail concerns about the sovereign paper of other…
Apple Starts Foxconn Investigation
Plagued by bad public relations, and online petitions about how the labor at its suppliers in China is treated, Apple (NASDAQ: AAPL) started an investigation into huge supplier Foxconn. It is not clear where…
Today’s Best Market Rumors (2/13/2012) Goldman Departure, Avon Jury
Update throughout the day on the 24/7 Wire. A grand jury will be given evidence about Avon overseas bribery activity. (WSJ) An “informal inquiry” has begun into the activity of private equity firms (NYT)…
Greece Becomes a Third-World Country
The news media has given a great deal of coverage to the austerity programs Greece has accepted in order to get it another 130 billion in aid, the riots in the streets of Athens…
Boeing’s 33,500 New Planes
Boeing (NYSE: BA) officials say that the world will need 33,500 large aircraft between now and 2030. That is a very precise number given that no one knows what will happen to the world…