Troubled Best Buy (BBY) Holds To Guidane
Best Buy (NYSE: BBY) had poor December sales. That will not hurt its guidance, the company said. It announced The company is confirming its annual adjusted diluted EPS guidance in the range of $3.35…
All Work
Douglas A. McIntyre
Can America Add Four Million Jobs in 2012?
America must add four million jobs next year to significantly eat away at the employment loss of the past four years. More than 16 million citizens are out of work in the U.S. That puts…
Sprint Again Shows Why It Is in Third Place
Verizon Wireless has deployed its superfast 4G LTE wireless broadband in most large markets around the U.S. AT&T (NYSE: T) is behind in deployment, but not by much. It should have a footprint similar to…
What the 787 Delay Cost Boeing in Market Share
Airbus delivered more aircraft than Boeing (NYSE: BA) did last year. Delays in delivery of the 787 Dreamliner have cost Boeing sales. Now, it must recover in a period in which high fuel costs and a…
The Gap Between Handset Makers Widens
The gap between the top tier and bottom tier of handset makers continues to widen. Taiwan-based HTC posted is worst quarter in two years. But Samung’s smartphone sales pushed its fourth-quarter profits higher. There is little reason…
Short Sellers Help Push Dendreon Higher
Dendreon (NASDAQ: DNDN) soared almost 40% in value, or $3.02 a share, in active trading on Thursday after announcing that fourth-quarter revenue from its Provenge prostate-cancer vaccine would exceed earlier forecasts. Looking to 2012,…
What’s Important in the Financial World (1/6/2012) BMW No. 1, Samsung Earnings
Can Audi pass BMW, which passed Mercedes? The ongoing race for the prime position among luxury car companies in the U.S. was won by BMW in 2011. It sold 247,907 cars and light trucks.…
Media Digest (1/6/2012) Reuters, WSJ, NYT, FT, Bloomberg
Former Olympus CEO Michael Woodford will sue the troubled company for wrongful dismissal. (Reuters) The International Monetary Fund’s Lagarde says 2012 will not see the end of the euro. (Reuters) MF Global’s trustee will not…
Gas Prices Unusually High–AAA
The AAA Fuel Gauge reports that gasoline prices are moving higher again after several months of falling. It may be the oil prices are the cause. The price of $3.352 is substantially higher than…
GM Volt Problems Get Worse
http://platform.twitter.com/widgets/hub.1324331373.htmlWord that there are dangers with the batteries of the GM Chevy Volt caused the company to offer loaners to customers and even take the cars back. GM has announced what it might have…
IMF Head Says Euro Will Make It Through 2012
http://platform.twitter.com/widgets/hub.1324331373.html IMF chief Lagarde says the euro will last through 2012. It is hard to say on what her comments are based. Unemployment in the eurozone was 10.3% in November. It is much higher in…
Asia Closes Down, Europe Steady On US Jobs Hope
Ahead of the December US jobs report to be released at 8.30 AM EST, Europe exchanges are level to higher. Eurostat has also reported that eurozone unemployment was flat at 10.3% in November. The…
Citi Ends Plans To Sell
Citigroup has abandoned its plan to sell its OneMain consumer-lending unit to private-equity buyers. According to MarketWatch, The failure to reach an agreement reflects credit-market gyrations due in part to Europe’s sovereign-debt crisis and…
Eurozone Unemployment Holds At 10.3% For November
Eurostate reports that the number of unemployed in the euro zone increased 45,000 in November to 16.372 million. That leaves the unemployment level at 10.3%, well above the level in the US Economists continue…
BMW Reach No.1 Luxury Car Spot In 2011
Several media have reported that BMW has pushed ahead of competitors Mercedes and the Toyota (NYSE: TM) luxury brands to take the No. 1 spot in American sales for 2011. The Germany company sold…
Will Sony Buy NOOK? Big Value For Barnes & Noble
courtesy Barnes & Noble Inc.Barnes & Noble (NYSE: BKS) lost 29% of its market cap on news that it might spin-off its NOOK e-reader operations. The book company is now worth only $850 million.…
Barnes & Noble (BKS) Down 20% On Nook Spin-Off
Barnes & Noble (NYSE: BKS) said it would seek strategic options for its NOOK e-reader business. The news sent shares down 20% in the pre-market to $10.69. It may be that investors believe that…
Today’s Best Market Rumors (1/5/2011) Nokia Chairman, Pepsi Layoffs
Updated throughout the day. Pepsico (NYSE: PEP) may cut 4,000 jobs (NY Post) Eastman Kodak (NYSE: EK) is close to a Chapter 11 filing (WSJ) Japan Air will raise $6.4 billion in an IPO…
US Music Sales Make Tiny Advance
In a world in which Apple’s (NASDAQ: AAPL) nearly controls the distribution of music and labels are left with modest margins, album sales growth is critical. In 2011, album sales grew a tiny 1.3%.…
JAL May Make $13 Billion IPO
Japan Airlines, once nearly out of business, will make a $13 billion IPO according to several media sources. According to Bloomberg The government-backed fund that holds about 97 percent of JAL’s voting rights and…