Initatives to Save Europe Diverge
nationsonline.orgSeveral plans to salvage the eurozone have moved in different directions in the past few days. That is not an encouraging sign. It shows that the crisis is hardly over, and the fact there…
All Work
Douglas A. McIntyre
What’s Important in the Financial World (12/8/2011) Macy’s vs. Martha Stewart, Apple Grand Central
Still No Eurozone Rescue. The rescue of the financially weak eurozone nations becomes more confused by the day. U.S. Treasury Secretary Geithner continues to tour the region. He wants to convince area finance ministers they have…
A Slew of Layoffs
Layoffs were part of the business news yesterday. Enough people lost jobs in a series of three “downsizings” to reminds those who believe unemployment continues to fall that the economy still struggles. Pacific Sunwear of…
Media Digest (12/8/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
S&P may downgrade the EU and the largest eurozone banks. (Reuters) France and Germany continue to press new eurozone treaty measures that would help trigger new financing for the region. (Reuters) Japan says it is…
Macy’s (M) May Try To Block Martha Stewart (MSO) Deal With PC Penney (JCP)
Macy’s (NYSE: M) believe its has some rights to Martha Stewart products which would be violated by a joint venture deal between Martha Stewart Living Omnimedia (NYSE: MSO) and JC Penney (NYSE: JCP) .…
Exxon Mobil (XOM) Issue Energy Outlook To 2040
Exxon Mobil (NYSE: XOM) issued its major energy outlook which take some forecasts to 2040. The oil company said Through 2030, rising demand for transportation fuels is led by trucking, aviation and marine requirements,…
AT&T (T) Will Press T-Mobile Deal
AT&T (NYSE: T) said it would work to close its $39 billion deal to buy T-Mobile despite FCC objections. If the deal does not go through AT&T owes T-Mobile parent Deutsche Telekom a $4…
US Issues Five New Citations To BP
US regulators issued five new safety violations to BP plc (NYSE: BP) The actions were in reaction to the Deepwater Horizon accident of nearly 20 months ago which sent an oil slick over much of…
Costco Reports Recent Quarter, Same Store Up 10%
Costco (NASDAQ: COST), arguably the most successful of the big box retailers, posted impressive same-store sales for the latest quarter. The company also tood a charge. Net sales for the quarter increased thirteen percent…
ECB Reaction–Asia Down, Europe Higher
Differing reaction about whether the ECB will help loan eurozone banks money that they desperately need drop markets in Asia off and at the open Europe markets higher The Nikkei 225 fell ..59% to…
The Biggest Corporate Layoffs of All Time
Eleven American companies have laid off a total of nearly 600,000 people in the past two decades. Each also fired a large number of employees at one time to earn it a place among…
Home Price Improvement Is Geographically Diverse
Flickr, Images of MoneyThe housing crisis has been the worse in five states — Nevada, California, Florida, Michigan and Arizona. A recovery has begun in states that have almost nothing in common geographically or…
Job Creation Falters
There has been plenty of evidence in the past month that job creation is the U.S. has restarted for the first time since the 2007 to 2009 recession. Now, it looks as though the…
Media Digest (12/7/2011) Reuters, WSJ, NYTime, FT, Bloomberg
The board of Olympus may resign by late February. (Reuters) China says its annual rate of growth slowed between October and November. (Reuters) Congress pressures the CFTC for stronger regulation after the MF Global…
Bank of America Improves — Compared to What?
Bank of America (NYSE: BAC) CEO Brian Moynihan has no credibility left on Wall St. That makes his comments that the financial firm’s balance sheet has improved hard to believe. Skepticism will continue to show…
What’s Important in the Financial World (12/7/2011) Citigroup Job Cuts, China’s Economy Slows
A New Bailout Fund. Rumors suggest that leading eurozone nations, particularly France and Germany, may have begun the process to create a large bailout fund for the financially weak nations in the region. It remains…
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…
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…