LinkedIn: How Long Will Rich Investors Stay Rich?
One of the lessons that was learned from the internet bubble of 1998 to 2000 is that many tech company founders woke up one day and found that they were billionaires on paper. By…
All Work
Douglas A. McIntyre
The Last Nail In Greece’s Coffin
There has been some hope over the last several weeks that the holdouts who have resisted any restructuring of Greek debt might join other nations in the EU which want to throw another lifeline…
Credit Ratings Finally Get Leashed
The actions of Moody’s, Standard & Poor’s, and Fitch helped trigger the greatest credit crisis of all time. Each has been investigated and dragged before Congress because of AAA ratings that they gave to…
Media Digest (5/19/2011) Reuters, WSJ, NYT, FT, Bloomberg
Strauss-Kahn resigned at managing director of the IMF. The Japanese economy has fallen into recession and should recover late in the year. (Reuters) LinkedIn priced at $45, the top of its range. (Reuters) Takeda…
What Does It Cost? $6 Billion, What The Mississippi Basin Flooding Costs The Economy.
What is the cost of the current flooding of the Mississippi basin? According to Michael J. Hicks, the director of the Center for Business and Economic Research at Ball State University in a recent…
Closing Loopholes — Easier Said Than Done: Daily Austerity Watch
Loopholes, like beauty, are in the eye of the beholder. Whether ’tis nobler to give a leg-up to large corporations or individual taxpayers is a subject of endless debate among business executives, politicians and…
The Basics Behind the Debt Limit Debate: More Partisan Than Practical?
by Marian Wang. ProPublica, May 17, 2011, 10:08 a.m.May 16, 2011 As you may have heard, the federal government hit its $14.3 trillion debt limit yesterday—something the Treasury has been warning Congress about for…
Top Active Trader Alert Stocks (CLDX, DELL, SODA, SPLS)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Celldex Therapeutics (NASDAQ: CLDX), Dell Inc. (NASDAQ: DELL), Sodastream International Limited (NASDAQ: SODA), and Staples,…
The Twitter-24/7 Wall St Market Report (5/18/2011) Strauss-Kahn, Oaktree Capital IPO
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Today’s Best Market Rumors (5/18/2011) Oaktree IPO, Fiat Credit Line
Updated throughout the day. The Administration may promote Obama adviser David Lipton for the No.2 job at the IMF (Reuters) Japan pharma firm Takeda will disclose its buyout of Nycomed (Nikkei) Sprint-Nextel (NYSE: S)…
Sony: It Is Not Our Broken System, It’s The Internet’s Fault
Howard Stringer, the disgraced CEO of Sony (NYSE: SNE), made the remarkably disingenuous or perhaps naive comment that all Internet systems have the same weaknesses as the hacked PlayStation network. “It’s the beginning, unfortunately,…
Energy Shortage In China May Slow GDP
What complaints by trade partners, the global recession, and inflation within its borders could not do to China’s expansion, a power shortage may. The Wall Street Journal reports that “Chinese authorities are hitting manufacturers…
Consumers Finally React To Gas Prices
It seemed for a while that some experts believed that gasoline prices would not affect consumer behavior much. Statistics showed that people would still take summer trips. Car pools and public transportation would help…
Media Digest (5/18/2011) Reuters, WSJ, NYT, FT, Bloomberg
Hewlett-Packard (NYSE: HPQ) earnings were below expectations, but those of Dell (NYSE: DELL) were above. (Reuters) The FCC asked Google (NASDAQ: GOOG) and Apple (NASDAQ: AAP) to attend a meeting on location-based software. (Reuters)…
H-P, IBM Face Huge Challenges Reaching Big Customers
In 2004, JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon raised plenty of eyebrows when he abruptly canceled a $5 billion outsourcing contract with International Business Machines Corp. (NYSE: IBM), arguing that the Wall…
What Does it Cost: $7.84 Billion, Market Cap Lost Following Release Of H-P CEO’s Confidential Memo
> Company Market Cap: $79.29 Billion > One-Day Loss in Market Value: $7.84 Billion “We must watch every penny and minimize all hiring,” wrote Leo Apotheker, chief executive of Hewlett-Packard Co., in an email…
Even New Jersey’s Coffers Rise: Daily Austerity Watch
New Jersey Gov. Chris Christie (R), who ousted incumbent Democrat Jon Corzine on promises to clean up Trenton’s fiscal house, is the same peculiar situation as his peers in California and Delaware — things…
The 24/7 Wall St./Flame Index (May 17) Companies With The Most Negative Press
NYSE (NYSE: NYX) was thrashed as Nasdaq (NASDAQ: NDAQ) and ICE pulled their buyout offer due to regulatory concerns. Hewlett-Packard (NYSE: HPQ) was savaged by the press as information from its CEO about its…
The Twitter-24/7 Wall St Market Report (5/17/2011) Glencore IPO, Wal-Mart Earnings, Housing Starts
Twitter has, by most estimates, 175 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million…
Today’s Best Market Rumors (5/17/2011)
Updated throughout the day. BP negotiations on its Arctic drilling deal with Russian interests will continue despite being beyond a deadline (Reuters) The price for the Glencore IPO will be over $8.60 (Reuters) Douglas…