GM Record Sales In China
GM (NYSE: GM) disclosed that its posted record sales in China last year. The announcement comes on the heels of similar claims by VW. The two are the largest car companies in the People’s…
All Work
Douglas A. McIntyre
Q4 To Be Poor For S&P 500 EPS
Several research firms expect S&P 500 earnings growth to be the slowest since mid 2009. Much of this is blamed on problems in Europe The FT reports that Analysts now expect that average earnings…
Sarkorzy And Merkel To Meet
France’s Sarkozy and Germany’s Merkel will meet this week against a backdrop of skepticism that the eurozone’s sovereign debt crisis can be solved. The two, who control the fate of the region because of the…
Wall St. Bonuses At Multi-Year Low
Wall St. bankers can expect very low bonuses this year, according to several media outlets. Trading revenue has been poor at most firms. M&A activity falted at the end of the year. There is…
Apple (AAPL) And Samsung Continue Smartphone Dominance
Apple (NASDAQ: AAPL) and Samsung, the largest maker of Google (NASDAQ: GOOG) Android-based smartphones have started 2012 as they ended 2011-far ahead of their competition. Research firm ChangeWave reports that The late December survey…
Consumer Electronics Show Kicks Off
The International Consumer Electronics show begins in Las Vegas this week and 140,000 people are expected to attend. It is the largest exhibition of new electronics and gadgets each year. A number of large companies…
VW Sells 5.1 Million Vehicles In 2011
VW would like to catch GM (NYSE: GM) and Toyota (NYSE: TM) has the largest car company in the world. It still has quite a way to go. It sold 5.1 million in cars…
Bristol-Myers Squibb (BMY) To Buy Inhibitex (IHNX)
Bristol-Myers (NYSE: BMY) will buy Inhibitex (NASDAQ: IHNX) for $26 a share about 2.5x what the smaller company’s shares traded for on Friday. The entire consideration, all in case, for Inhibitex, is $2.5 billion.…
Women Get Tiny Portion Of New Jobs–National Women’s Law Center
http://platform.twitter.com/widgets/hub.1324331373.htmlA number of reports showed that men lost most of the jobs destroyed by the recession. Now, there is one set of research that shows almost all of the jobs gained from June 2009…
IMF Losing Confidence In Greece–Der Spiegel
IMF officials have privately expressed concerns about whether the Greek economy is viable enough to survive, even with currently contemplated levels of financial aid The NYT writes that The magazine said the IMF saw…
Motorola Shows Competition Is Overwhelming It
Motorola Mobility (NYSE: MMI) which will soon be owned by Google (NASDAQ: GOOG), showed it cannot hold its own against industry handset leaders like Apple (NASDAQ: AAPL) and Samsung Motorola’s earnings were crushed in the…
Lions Gate To Buy Summit For $200 Million
Two independent studios, usually overmatched by their larger brethren in terms of production budgets and marketing, will combine. Lions Gate Entertainment will buy Summit Entertainment, distributor of the popular “Twightlight” films. According to The Wall Street…
IRS Comes Up Short $385 Billion In Collections–Could Wipe Out Much Of Deficit
The gap between what taxpayers owed the IRS and what was paid on time in 2006 was $385 billion. Multiply that by the five years since, and one year of the national deficit would…
Yahoo! (YHOO) CEO May Make Over $20 Million
Yahoo!’s (NASDAQ: YHOO) new CEO Scott Thompson could make as much as $20 million. A document filed about his pay with the SEC shows The Agreement provides that Mr. Thompson will receive an annual base…
Yahoo! Seeks New Board Members–Reuters
Yahoo!, troubled by moribund earnings, the lack of a CEO for several months, and poor decisions by its board, is apparently seeking new members for that board. The company just appoint PayPal leader Scott…
Obama Suggests “In Sourcing” Jobs Back To America
President Obama suggested that American businesses need to bring jobs back to the US as he discussed the December unemployment numbers We’re heading in the rightdirection. And we’re not going to let up. On…
Android Could Reach 50% Smartphone Share This Year
Google’s (NASDAQ: GOOG) Android mobile OS could have 50% of the smarphone market share worldwide. If so, it would be a blow to Apple (NASDAQ: AAPL), Research In Motion (NASDAQ: RIMM), and the Nokia…
California Budget Deficit To Shrink To $9.2 Billion, New Taxes Readied
California’s budget gap narrowed according to information supplied by Governor Jerry Brown. The state still plans to cut some costs and increase taxes in the year ahead Brown announced, A year ago, the state…
Consumer Spending Posts Moderate Rise In December–Gallup
Gallup found that consumer spending ticked up in December, a confirmation of what retail sales numbers and auto sales have already shown The research firm reports that Americans’ self-reported daily spending averaged $76 in…
Shanghai Trades Near 2-Year Low
The Shanghai Composite rose .7% to 2,266.53. That keeps it very near a 3-year low. Investors are still extremely concerned about three things: The balance sheets of Chinese banks may be much worse that…