News Corp Plans To Buy $5 Billion In Stock, Shares Soars
News Corp (NYSE: NWS) has filed a document with the SEC that says it will buy in as may as $5 billion of its shares. The market cap of the company has dropped $7…
All Work
Douglas A. McIntyre
Top Active Trader Alert Stocks (LDK, MCHP, RADS)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of LDK Solar Co. Ltd. (NASDAQ: LDK), Microchip Technology (NASDAQ: MCHP), and Radiant Systems,…
Today’s Best Market Rumors (7/11/2011) News Corp Rumors, Cisco 10,000 Layoffs
Updated throughout the day The US government will investigation News Corp (NYSE: NWS) for bribery charges (various) Eurozone finance ministers are ready to accept a Greek default (Reuters) News Corp International reported broke into…
Startups Moderate Hiring Shows Caution Trumps Enthusiasm
Startups should be at the core of optimism and enthusiasm when it comes to the recovery of the economy as they help drive growth in many sectors, including jobs. Otherwise, why risk capital in…
Countries With The Most People Over 100
The first person to live to over 150 years of age has already been born. This, according to the Strategies for Engineered Negligible Senescence Foundation. The United Nations says that by 2050 there will be…
Too Many Solutions To EU Debt Crisis
The EU is once again weighing the possibility that the best method to prevent the debt crisis in the region from growing further is to buy the sovereign paper of troubled nations at a…
China Loses Control Of Its Bank System
The People’s Republic central government is supposed to control everything in China from child birth rates to internet access. The effectiveness of that control was questioned, however, when the country released new data on…
Media Digest (7/12/2011) Reuters, WSJ, NYT, FT, Bloomberg
News Corp (NYSE: NWS) may face a bribery probe in the U.S. (Reuters) An Apple (NASDAQ: AAPL) patent lawyer may leave the firm (Reuters) China bank lending picked up. This could cause more inflation…
Cisco–One Of The Largest US Layoffs Of The Year?
Cisco (NASDAQ: CSCO), one of the largest tech firms in the U.S. with a market cap of $85 billion and annual sales of $40 billion, will lay off 5,000 to 6,000 people this year,…
Despite Trouble, News Corp Outdistances Disney And Time Warner
The market’s perception is that News Corp (NYSE: NWS) has been sullied as an investment following the investigations into phone hacking and bribes by News of the World reporters and editors. In fact, over…
Social Security: The Math That Could Hurt Us
What’s wrong with a measure that would reduce federal spending by about $300 billion over 10 years? The answer, of course, depends on whom you ask. The current push by conservatives to reduce the…
The Twitter-24/7 Wall St. Market Report (7/11/2011) Oil Below $95, Whole Foods Upgrade
This is the Twitter-24/7 Wall St. market report for July 11, 2011. These tweets are a sign of which companies the Twitter universe is interested in. Is there there is wisdom in crowds?
Top Active Trader Alert Stocks (AMGN, LVLT, MITI, SIRI)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Amgen, Inc. (NASDAQ: AMGN), Level 3 Communications (NASDAQ: LVLT), Micromet Inc. (NASDAQ: MITI),…
Today’s Best Market Rumors (7/11/2011) AIG Bankers Out, No Netflix Deal For Hulu
Updated throughout the day. Dow Jones CEO Les Hinton may be in trouble because of the News Corp (NYSE: NWS) the News of the World scandal (Reuters) AIG (NYSE: AIG) may replace some of…
The News Corp Witch Hunt
The mainstream coverage of the News of the World scandal has begun to look like the publication’s own coverage of celebrities, sensational crimes, pictorials of nearly naked ladies, and any other tawdry content that…
An Ombudsman For Credit Rating Agencies
The president of Portugal recently said that credit ratings agencies have too much power. The agencies’ comments have thrown Europe’s financial health into question, particularly the ability of Greece, Portugal and Ireland to honor…
States Running Out Of Blue-Collar Jobs
The size of the American blue-collar workforce continued to decline in the last decade. Between 2000 and 2010, the economy lost roughly 4 million blue-collar jobs, according to data from the Bureau of Labor…
Portugal, Spain, Italy Debt Sales Reach Panic Levels
The panic that EU default trouble could move beyond Greece to the sovereign paper of Portugal, Spain, and even Italy grew today. News reports say that some EU officials now think a bailout of…
Media Digest (7/11/2011) Reuters, WSJ, NYT, FT, Bloomberg
The prime minister of China says inflation is the government’s first priority and that the central bank there may tighten monetary policy again (Reuters) EU financial ministers and central bankers will meet about problems…
Contagion Surges Toward Italy
Perhaps all of the weakest nations economically in the EU will suffer because the Greek situation cannot be rectified. Perhaps that means there will be no public sector/private sector precedent if Ireland and Portugal…