State Budgets Continue To Falter
The black part of the economy continues be populated by states and cities that cannot pay their bills. This is often because of low tax revenue due to the recession, and high pensions costs. The…
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Douglas A. McIntyre
Lockhart Of Fed Makes Positive Comments About Economy
Dennis P. Lockhart the President and Chief Executive Officer of the Federal Reserve Bank of Atlanta told the local Rotary Club that he sees improvements in the economy He was quoted as saying in regard…
Europe May Fast Track Bailout Fund
Angela Merket says that the EU nations may set regional budget rules well before a deadline. She also indicated that the members of the union may speed up contributions to a bailout fund. Such actions…
Netflix Stock Up On UK And Ireland Launch
Netflix (NASDAQ: NFLX) shares rose on news that it would launch in the UK and Ireland. The US based company has been dogged by fears that a customer revolt again higher prices for service and…
CardHub Shows Q4 Credit Card Trends
Cardhub’s survey of Q4 credit trends show that credit interest levels are still remarkably low, at least at the introductory level. The company reports that Regular APRs rose across the board relative to Q4 2010 – Relative increases…
Southwest Air Reports Mediocre “Seat Miles” Data
Southwest Air did not have a terribly good December It announced that The Company flew 8.2 billion revenue passenger miles (RPMs) in December 2011, which was comparable to the combined RPMs flown in December…
Olympus Sues President, Former Directors–Reuters
Reuters reports that Olympus will sue it current president and former directors. The company is under investigation for fraud in reprts of its financials Reuters reports that An Olympus spokesman confirmed on Monday that lawsuits…
Fitch Posts Retailer Ratings In Large Report
Fitch has posted a 300 page report on major retail firms. It will be called ‘High Yield Retail Checkout’ The report will be negative in its review of certain companies which include Sears (NASDAQ: SHLD),…
Air Products Announces Plan to Divest Homecare Business in Continental Europe to The Linde Group
The Linde Group will buy the homecare business of Air Products. The operation is based in Europe The total purchase price for Air Products’ Continental Europe Homecare business will be euro 590 MM,…
Apple (AAPL) To Open Stores Inside Target (TGT)–Apple Insider
Apple (NASDAQ: AAPL) will open 25 stores inside of Target (NYSE: TGT) stores. The news was featured in Apple Insider. The website reports that According to a source familiar with Apple’s plans, the company…
Sigma-Aldrich To Buy BioReliance Holdings
BioReliance Holdings will be sold by Avista Partners to Sigma-Aldrich. The price is $350 million. The acquirer said BioReliance provides critical services that include biologic, specialized toxicology and animal health testing to pharmaceutical, biopharmaceutical,…
The 10 Most Expensive Weapons in the World
The 10 most expensive weapons systems in the world total $868 billion in research and development and manufacturing costs. The Department of Defense has commissioned each of the weapons. The White House recently released…
Nearly Every Car Company Says It Will Best Rivals in 2012
It is impossible for every company in an industry to gain market share. Yet, almost all of the large car manufacturing executives say that in 2012 they will beat their competition in sales growth…
A U.S.-Germany-China Economic Recovery?
Germany’s economy has grown, despite trouble among its neighbors. China’s GDP is expected to grow 8% this year, which is impressive even if it is a slowdown from recent years. Most economists believe that U.S.…
Why Earnings Growth Has Slowed as Economy Recovers
The single greatest mystery of the fourth-quarter 2011 earnings season is why EPS growth will slow despite what is probably the most promising part of the recovery since the recent deep recession. That is…
What’s Important in the Financial World (1/9/2012) Chevy Volt Revivial, M&A Monday
Deal makers were busy over the weekend. Strategic considerations were more the driver of activity than an improved economy, however. Lions Gate Entertainment (NYSE: LGF) will buy Summit Entertainment for $400 million, according to…
Media Digest (1/9/2012) Reuters, WSJ, NYT, FT, Bloomberg
http://platform.twitter.com/widgets/hub.1324331373.html The U.S. may start legal proceedings against Swiss financial firm Wegelin & Co. based on beliefs that it helped shield Americans from taxes. (Reuters) The EPA may send fresh water to communities close…
US Earnings Seaons To Kick Off With Alcoa (AA)
US companies will begin the critical earnings season as Alcoa (NYSE: AA) reports today. The profit and revenue data is particularly important. Q4 numbers come with full year figures, which gives investors a chance to…
US Futures Hug The Flat Line
After shares rose in Asia and opened down in Europe, futures on US indexes were frozen. According to MarketWatch, U.S. stock futures were little changed Monday, with investors watching a meeting between French President…
Asia Markets Rise On China News, Europe Markets Less Robust
China loan levels and money supply reached unexpected highs in December. It is a sign that local banks are pushing liquidity into the market to keep the second largest economy in the world in rapid…