XXX Porn Domains Go On Sale
The new .xxx internet designation, meant to take sex and porn domains out of the .com listing, have become available to websites. The BBC reports Some 100,000 addresses have already been purchased in a…
All Work
Douglas A. McIntyre
Investor Poll Shows Belief In US Rebound–Bloomberg
A new Bloomberg polls show global capital markets investors expect the prospects of the US economy to improve. The news service and trading terminal provider reports More than two in five of those surveyed…
Bank Of America (BAC) Says Prospects Improve
Bank of America (NYSE: BAC) CEO Brian Monihan says that his company’s prospects have improved. He claims third quarter results are better than plan. The bank, like other large US peers, have begun to…
India Kills Retail Plan The Would Have Helped Walmart (WMT)
A plan approved by India’s cabinet to allow retail firms from outside the country to take control of retailers inside its borders has been killed by the nation’s congress. A number of big companies like…
A Takeover Offer For The Talbots (TLB)–WSJ
Private-equity firm Sycamore Partners has made an offer for troubled retailer The Talbots (NYSE: TLB). A multiyear turnaround has failed and the company’s board recently said it had pushed out its CEO and would…
JP Penney (JCP) May Buy Stack In Martha Stewart
JC Penney (NYSE: JCP) may buy a 16.6% stake in Martha Stewart Omnimedia (NYSE: MSO) according to The New York Times. The price would be $3.50 a share, or a 16% premium to where MSO…
Verizon To Challenge Netflix
Several media sources say that Verizon (NYSE: VZ) will begin a service that will compete with Netflix (NASDAQ: NFLX) The video rental service is considered competition to cable companies, telecom TV products, and satellite…
China Reports Slowdown In Growth
The Chinese government confirmed what most of the world already knows. The economy of the world’s most populous nation slowed between October and November. PMI data indicated that the critical manufacturing sector was in a…
Asia And Europe Stocks Rally On News Of Larger Eurozone Fund
Reports in the FT said that the eurozone plans to double the size of its bailout fund. True or not, this pushed shares higher across Asia and at the open in Europe The Nikkei…
Citigroup (C) Fires 4,500
According to media reports, Citigroup (NYSE: C) will fire 4,500 people MarketWatch reports The bank will make the cuts which are less than 2% of its workforce, in an effort to trim costs, , citing…
Lowe’s Holds Forecast Steady, Strong Revenue Expected
Building supplier Lowe’s (NYSE: LOW), the second largest retailer in the category after Home Depot (NYSE: HD) said its expectations for the fiscal year remain as they were when the company made forecasts in November. It…
German Factory Orders Rise
German factory orders rose in October, a sign that demand from outside the country rose According to Bloomberg Orders, adjusted for seasonal swings and inflation, jumped 5.2 percent from September, when they dropped 4.6…
Euro-Regions Growth Steady
Growth in the euro-region remained steady based on statistics released today. These confirm numbers issues last month. According to Bloomberg Gross domestic product rose 0.2 percent from the second quarter, the European Union’s statistics…
Countries With The Widest Gap Between Rich And Poor
The widening gap between the rich and poor is not just an American problem. According to a new study by the Organisation for Economic Co-operation and Development, income inequality in most economically developed countries…
Shale Gas Industry to Support 870,000 Jobs by 2015
The shale oil industry, still in it infancy, has created hundreds of thousand of jobs, and it will support 870,000 by 2015. That would make the sector one of the larger employers in the…
What’s New in the Financial World (12/6/2011) The Rise of Shale, BP Fights With Halliburton
Eurozone on notice. The situation in Europe, so promising just days ago, took a sharp turn for the worse. S&P put 17 nations in the euro area on credit watch and said it might even downgrade…
HTC: A Front Runner Falls Apart
HTC, based in Taiwan, is supposed to be the leader among the world’s Android-based smartphone companies. It is supposed to be the company with products that can challenge Apple’s (NASDAQ: AAPL) iPhone franchise. Those assumptions were true…
Taxing the Rich One State at a Time
If the rich will not be taxed at the federal level, perhaps they will be state-by-state. California Governor Jerry Brown has suggested that state residents who make more than $250,000 should pay a special…
Media Digest (12/6/2011) Reuters, WSJ, NYTimes, FT
S&P’s threat of a downgrade of eurozone nations puts huge pressure on the region’s leaders. (Reuters) An independent panel that reviewed the financial activity of Olympus suggests legal action be taken. (Reuters) An MIT…
Chicago Fed Chief Say Bank Must Act On The Economy
Chicago Fed chief Charles Evans says the Federal Reserve must act now to curtail a rapidly deteriorating US economy. In a speech he said Central bankers must formulate monetary policy with the understanding that…