Nokia Becomes an Unemployment Sink Hole
NokiaNokia (NYSE: NOK) has let go 7,000 people since CEO Stephen Elop joined the company after a career at Microsoft (NASDAQ: MSFT). He says Nokia will cut another 3,500 jobs. The firm announced it…
All Work
Douglas A. McIntyre
China’s Corn Shortage and a Lack of Solutions
China’s Ministry of Agriculture said it will have to make an extraordinary effort to increase the nation’s supply of corn. That assumes the government can control the weather, the quality of seed, and the…
How the Government Failed Small Business
The Obama administration set a fund of $30 billion to help small businesses. The Treasury Department closed the fund recently after distributing only $4 billion of the money. The action is another example of…
Canadian Pipeline Debate: No Facts, No Figures
The State Department recently supported a proposal to run a pipeline from Canada down the middle of the U.S. The Keystone XL project will, according to operator TransCanada (NYSE: TRP), create 20,000 jobs in the…
Media Digest (9/29/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
Angela Merkel faces a test: will her own party support money being used for the bailout of Greece? (Reuters) Bernanke says the Fed may have to act if inflation falls below targets. (Reuters) Amazon.com…
Cars Americans No Longer Drive
The number of cars and light trucks sold in the U.S. fell 25% over the past five years, from over 16.4 million for the model year beginning September 2005 to 12.4 million in the…
Top Active Trader Alert Stocks (AMZN, AVGO, CHK, CMTL, FDO, JBL)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Amazon, Inc. (NASDAQ: AMZN), Avago Technologies Ltd. (NASDAQ: AVGO), Chesapeake Energy Corporation (NYSE: CHK), Comtech…
Android Just Got More Expensive: Microsoft Cuts Samsung Deal
One of the attractions of Google’s (NASDAQ: GOOG) Android operating system is that it is open source. That makes it free to use for manufacturers. That advantages has begun to go away. Samsung just…
Today’s Best Market Rumors (9/28/2011) HP Hires Goldman To Play Defense
The Wall Street Journal reports that Hewlett-Packard (NYSE: HPQ) has hired Goldman Sachs (NYSE: GS) to defend it from activist shareholders. Updated throughout the day Apple (NASDAQ: AAPL) will launch the new iPhone on…
The Internet Ad Market Gets Worse by the Day
Several large internet-based media companies have said third-quarter advertising sales are soft. There is also the problem of Facebook, which now controls a quarter of all the online display inventory in the U.S. Industry…
Productivity Becomes Latest Barrier to Job Growth
Productivity has grown enough among U.S. private companies that it may be the single largest hurdle the job market in America faces now. New research from Sageworks shows that per-employee profit will be $15,278…
Is Google’s Biggest Competitor Google?
Larry Page, CEO of Google (NASDAQ: GOOG), believes the company is its own worst enemy. Perhaps he has not looked around at the competitive landscape. Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT) and a few…
Media Digest (9/28/2011) Reuters, WSJ, NYTimes, FT, Bloomberg
IPOs of Citic Securities and Great Wall Motor struggle, a sign that offerings from China are in trouble. (Reuters) The unresolved Greece problem continues to damage markets. (Reuters) Amazon.com (NASDAQ: AMZN) may price its…
The Cities with the Worst Air Pollution in the World
Air pollution can pose a serious health risk. Respiratory conditions, cancer, heart disease and other ailments are linked to air pollution. The World Health Organization estimates 1.34 million people died in 2008 from breathing…
Goldman Could Chop Another 3,000 Staff (GS, BAC, MS, C, WFC)
GS.COMWeakness in the capital markets could lead to another round of firings at the largest banks in the US as they try to bolster earnings. Goldman Sachs Group Inc. (NYSE: GS) might be next…
Today’s Best Market Rumors (9/27/2011) HP PC Trouble, Goldman Cuts
Updated throughout the day. Acer will use problems at Hewlett-Packard’s (NYSE: HPQ) PC division to add customers (Reuters) Goldman Sachs (NYSE: GS) is prepared to make deep budget and personnel cuts (NYT) Douglas A.…
Top Active Trader Alert Stocks (AMZN, BEXP, JASO, OMEX)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Amazon.com, Inc. (NASDAQ: AMZN), Brigham Exploration Company (NASDAQ: BEXP), JA Solar Holdings…
Freddie Mac’s Bad Bank of America Deal: Who Kept Tabs?
The Federal Housing Finance Agency Office of the Inspector General reports that Freddie Mac made a poor deal when it settled claims about bonds sold to it by Bank of America (NYSE: BAC). The…
Short Sellers Savage Banks
Short sellers appear ready to follow bank stocks all the way down to zero, at least based on data for the period that ended September 15. Shares short in Citigroup (NYSE: C) rose 3%…
More Useless Advice About Unemployment
The heads of the Organisation for Economic Co-operation and Development and the International Labour Organization want the world to know that there is a global unemployment problem, particularly among developed countries, and that the…