Retail Sales Forecasts Rise
Holiday shopping forecasts have improved at both bricks and mortar and e-commerce operations. Comscore forecast online spending will rise 15% for the period from November 1 through the end of the year. Now. the…
All Work
Douglas A. McIntyre
Foreign Investmen In China Falls
For the first time in 28 months, foreign investment in China fell. The data could be a futher sign of a drop in economic activity. China’s PMI numbers have been off. On the other…
Asia Off, Europe Flat At Open
Asia stocks fell on continued concerns about EU sovereign debt and numbers that showed China’s manufacturing sector contracted. The Nikkei 225 was down 1.66% to 8,377. The Hang Seng was down 1.78% to 18,027.…
Today’s Best Market Rumors (12/14/2011) Goldman Partners Exit, MF Global Survival Plan
Updated throughout the day. MF Global created a survival plan just before it failed (Reuters) Goldman Sachs (NYSE: GS) has lost an extraordinarily high 37 partners this year (Bloomberg) Douglas A. McIntyre
Today’s Major Analyst Calls (12/14/2011) (RES, GRPN, AMRC)
Ameresco (NASDAQ: AMRC) upped to “buy” with $15 price target at Canaccord RPC (NYSE: RES) upped to “buy” with $24 at Canaccord Groupon (NASDAQ: GRPN) started at “neutral” act Citi and “overweight” at Barclays. ING cuts…
Cars So Hot They Are Out of Stock
This year is expected to be the best for domestic new car sales since 2006, the year before the recession began. The increase in buyer activity has been large enough that several car and…
How Did Andrea Jung Stay So Long as Avon CEO?
Andrea Jung has been chairman and CEO of Avon Products (NYSE: AVP) since November 1999. She has done an atrocious job as chief executive over the past several years. Her tenure as the head of…
Best Buy’s Dunn Should Be Next CEO Fired
Andrea Jung was forced out as CEO of Avon Products (NYSE: AVP) after years of poor financial performance at the company. The CEO of Best Buy (NYSE: BBY), Brian Dunn, should be the next top…
OPEC to Hold the Line
The Organization of the Petroleum Exporting Countries probably intends to hold production among its members at current levels. That is good news for oil importing nations and consumers and industries concerned about prices. OPEC likely will keep targets…
Media Digest (12/14/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
A CME (NASDAQ: CME) executive says Jon Corzine knew about money that MF Global transferred to European accounts. (Reuters) Accounting problems at Olympus may make it a takeover target. (Reuters) Italian bond yields hit a eurozone…
What’s Important in the Financial World (12/14/2011) Corzine Charges, Apple Founding
Officials at CME Group (NASDAQ: CME) have given the Justice Department documents that may prove former MF Global CEO Jon Corzine knew his firm lent customer money to its operations in Europe. Corzine had been held…
HTC Say Delay On Apple IP Decision–Reuters
HTC said that a International Trade Commission ruling on whether Apple (NASDAQ: AAPL) can block the sales of the Asian phone company’s products in the US will be delayed until December 19 No reason…
Asia Down, Europe Even After Fed Comments
Stocks dropped moderately in Asia after the Federal Reserve expressed moderately positive comments about the economy the central bank did not rule out further aid to the economy if it hit what the Fed…
Italian Bond Yields Expect To Hit Record
In another sign the the eurozone crisis has not ended short term and that measures to help bring down debt costs for weak regional nations, Italian bond yields are expect to go above 6%…
Corzine Knew Of MF Global Money Transfer To Europe
A CME executive appears to have found a smoking gun that links formers MF Global CEO Jon Corzine to money transfered from the company to Europe. Corzine is a former head of Goldman Sachs…
Bain, Other Consultants, Top Best Places To Work List
Bain & Company topped the 2012 version of the “Glassdoor Top 50 Places To Work.” McKinsey, MITRE, and Shalom Consulting were all among the top 10. Tech leaders were also near the top of…
Avon Takes 24/7 Wall St. Advice–Sacks CEO
Avon Products (NYSE: AVP), recently named one of 24/7 Wall St.’s Worst Managed Companies, fired its CEO Andrea Jung. In a statement, Avon’s board remarked, that Andrea Jung , Avon ‘s Chairman and CEO, will…
Best Buy Screws Up Again: Is CEO In Trouble?
Best Buy (NYSE: BBY) shares plunged as it reported another weak quarter. CEO Brian J. Dunn may be closer to losing his job. Revenue rose only 2% to $12.1 billion in the quarter which…
Today’s Best Market Rumors (12/13/2011) Apple Buy Anobit, Greek Swaps
Updated throughout the day Banks said they may agree to a debt swap with Greece if they receive the same status as official loans do (Reuters) Apple (NASDAQ: AAPL) is in talks to by…
As Demand for Oil Falters, Price May Remain High
A rocky global economy lowered demand for crude recently, and the soft period continues. The positive by-product should be a drop in price per barrel. The IEA reports that: A more precarious economic backdrop…