Hertz Makes A Crazy Offer For Dollar Thrifty
Hertz (NYSE: HTZ) made a wildly high offer for Dollar-Thrifty (NYSE: DTG). The value of the possible buyout is $2.24 billion. That equals$72 a share, although the real value of the offer is hard…
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Douglas A. McIntyre
Daily Austerity Watch: Capitol Hill Meets Wall Street
House Speaker John Boehner (R-OH) is in a pickle. On the one hand, the Ohio Republican has to convince his political base that he is serious about cutting the nation’s debt while at the…
In Fine Print, Banks Require Struggling Homeowners to Waive Rights
by Paul Kiel, ProPublica, May 9, 2011, 7 a.m. This story was co-published with Slate. A few months ago, Bank of America offered Sergio Cortez of Staten Island, N.Y., the help he desperately needed…
Top Active Trader Alert Stocks (BSFT, ERIC, SQNM, ZRAN)
Active traders and day traders have many stocks to choose from this Monday morning. We are tracking news and moves in shares of Broadsoft Inc. (NASDAQ: BSFT), Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC), Sequenom, Inc.…
The Twitter-24/7 Wall St. Market Report (5/9/2011) McDonald’s Same Store, Greek Downgrade
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 (5/9/2011) NetFlix Latin America, Angry Birds IPO
Updated throughout the day. The maker of “Angry Birds” may try an IPO in three years (Reuters) Netflix (NASDAQ: NFLX) will make a big effort to move into Latin America (FT) Douglas A. McIntyre
A Commodities Correction Is Just That
Crude collapsed from over $112 to under $100 in just a few days. The sell-off in silver was even more rapid and deeper. Agricultural commodities prices have fallen, in most cases, since the start…
US Housing Market Disintegrates In First Quarter, Worse Since 2008 Lows
There is hardly any legitimate research that shows an improvement in the US housing market. That was confirmed again today as real estate website Zillow released its first quarter analysis. The introduction to the…
Can Sovereign Restructuring Hold The Line At Greece?
The EU will not be able to hold the restructuring line at Greece. Greece was always expected to be the problem child among the EU nations that needed bailouts or had severe financial problems.…
The Ten Nations Where Facebook Rules The Internet
In 10 countries, more than 86% of users are on Facebook. That kind of dominance is rare for any company. Facebook has 600 million members worldwide and continues to grow. It faces the same…
Media Digest (5/9/2011) Reuters, WSJ, NYT, FT, Bloomberg
Apple (NASDAQ: AAPL) moved past Google (NASDAQ: GOOG) as the world’s most valuable brand, according to research firm Millward Brown. (Reuters) New negotiations between China and the US seeks to reduce tensions between the…
The $4 Gas Disaster: Prices Drop–A Little
AAA Daily Fuel Gauge Report: $3.966. Gasoline prices dipped a minuscule amount from $3.975 yesterday. The sudden drop in oil price may bring future belief, but several brokers say the correction is temporary. The…
The Week’s Market Losers (CSC, PXD, HP)
S&P 500 WEEK: BOTTOM 10 (29 APR – 5 MAY) Ticker Weekly Price Change (%) Close Price 5May11 Close Price 29Apr11 Market Cap ($Mil) Computer Sciences Corp CSC -14.7 43.47 50.98 6741.8 Pioneer Natural…
The Week’s Market Winners (NVLS, M, CCL, ERTS)
S&P 500 WEEK TOP 10 (29 APR – 5 MAY) Ticker Weekly Price Change (%) Close Price 5May11 Close Price 29Apr11 Market Cap ($Mil) Novellus Systems Inc. NVLS 10.3 35.42 32.10 3162.8 Macy’s Inc…
Android Use Explodes: comScore
Top Smartphone Platforms 3 Month Avg. Ending Mar. 2011 vs. 3 Month Avg. Ending Dec. 2010 Total U.S. Smartphone Subscribers Ages 13+ Source: comScore MobiLens Share (%) of Smartphone Subscribers Dec-10 Mar-11 Point Change…
Daily Austerity Watch: Jim Rogers Is Wrong About A U.K. Bailout
Jim Rogers may be what the media calls a “legendary investor”, but that does not mean he always knows what he is talking about such as when he argued yesterday on CNBC that the…
Top Active Trader Alert Stocks (ALU, ARMH, LLNW, OMPI)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Alcatel-Lucent (NYSE: ALU), ARM Holdings PLC (NASDAQ: ARMH), Limelight Networks (NASDAQ: LLNW), and Obagi Medical…
Sony CEO Howard Stinger Blogs His Apology, And Mentions The Earthquake
Dear Friends, I am sorry. I am sorry. I am sorry. Sony (NYSE: SNE) CEO Howard Stringer who has been oddly absent since the huge hack of Sony’s PlayStation Network, penned a blog to…
No Relief In Global Food Prices
The Food and Agriculture Division of the United Nation reported that food prices remained mostly unchanged in April. That is hardly good news since February and March prices were, for many foods, at all-time…
The $4 Gas Threat: A Possible Drop In Price
AAA Fuel Gauge Regular Price: $3.985. For the first time in weeks it seems that the average price of regular gasoline will not breach the $4 mark nationwide. Oil sold off sharply to under…