The Deadly Business of Crystal Meth
Americans probably spend more on getting high on crystal methamphetamine than they do on books or on veterinary care for their pets. That underscores the power that the illegal drug has to wreck the…
All Work
Douglas A. McIntyre
Southwest Air Cancellations: Another Black Eye For Boeing
Southwest (NYSE: LUV) canceled 300 flights today as it inspects 79 of its fleet of Boeing (NYSE: BA) 737s. Southwest made it clear that Boeing will be a part of the process. Southwest probably…
The Cheapest $26 Million Ford Ever Spent, As Its Stock Beats Apple’s
Ford Motor (NYSE: F) CEO Alan Mulally made $26,520,515 in 2010, according to the company’s proxy. It is the cheapest $26 million the firm ever spent. Ford was at death’s door a year after he…
The 24/7 Wall St./Flame Index: April 1 The Companies With The Most Bad Press
The press pounded on Berkshire Hathaway (NYSE: BRK.B) as David Sokol, a key Warren Buffett aide, resigned in shame, causing concerns about governance at the conglomerate. Toyota (NYSE: TM) stayed on the bad press…
Daily Austerty Watch (4/1/11) — Social Security
Below is 24/7 Wall St.’s daily take on important fiscal news. US Budget — As the U.S. Congress comes ever-closer to striking the budget deal that many in Washington, bureaucrats are starting to ratchet…
The Twitter-24/7 Wall St. Market Report (4/1/2011) US Jobs
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…
Top Active Trader Alert Stocks (HBAN, LOGI, OPTR)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Huntington Bancshares Incorporated (NASDAQ: HBAN), Logitech International (NASDAQ: LOGI), and Optimer Pharmaceuticals, Inc. (NASDAQ:…
Toyota To Raise Prices, Test Consumer Resilance
Toyota Motor (NYSE: TM) will raise prices on some of its cars and light trucks by 2.2% in May. It is a risk worth taking if sales of all vehicles in the US will…
Oil Prices And S&P Profit Forecasts
JPMorgan recently increased its profit estimate for the S&P 500 2011 earnings from $94 to $97.50. The bank is not alone in its optimism. The direction of the market, which has recently hit two-and-a-half…
Americans Concerned About Outsourcing Overseas
Unemployment in the US would improve more rapidly if American companies stopped sending jobs overseas. That conclusion may be naive, but it it real nonetheless. A new Gallup poll says. “One in four Americans…
Fannie Mae And Freddie Mac Execs Got Fair Pay
The Federal Housing Finance Agency’s Inspector General issued a report which says the managements at Freddie Mac and Fannie may have been paid too much. The FHFA should have been more transparent about the…
Media Digest (4.1.2011) Reuters, WSJ, NYT, FT, Bloomberg
David Sokol’s trading in Lubrizol before Berkshire Hathaway (NYSE: BRK) bought it may cause regulators to review the transaction. (Reuters) The Inspector General of the Federal Housing Finance Agency said pay of executives and…
From Strippers to Shipwrecks, America’s Most Unusual Public Companies
The capital markets bring reward and obligation alike to public companies which need them for capital needed to fuel their growth. Many unique companies which opt to go public have business models many Americans…
A Three-Year Look At Airlines
Three-Year History of Ten Key Metrics for Major US Airlines: (For this analysis United/Continental data is pro forma) Operating Revenue (total of eight airlines) 2008 = $126.2 billion 2009 = $106.7 billion 2010 = $122.2 billion…
Daily Austerity Watch (3/31/11) — Portugal, US Budget
Portugal: Forget S&P, Moody’s, the IMF or the EU. The best explanation of Portugal’s financial predicament is on the website of Portugal’s Tourism Office even though it was not planned that way. We sometimes…
In Debate Over Bank Capital Regulation, a Trans-Atlantic Gulf
by Jesse Eisinger, ProPublica, March 30, 2011, 4:26 p.m.March 16, 2011 The United States and Britain are two countries separated by a common financial crisis. Since the crisis, Anat Admati and her colleagues have…
Top Active Trader Alert Stocks (DNDN, SYMX, TSLA)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Dendreon Corporation (NASDAQ: DNDN), Synthesis Energy Systems, Inc. (NASDAQ: SYMX), and Tesla Motors Inc.…
Today’s Best Market Rumors (3/31/2011) Johnson & Johnson Revamp
Updated throughout the day Former Goldman Sachs Group (NYSE: GS) Morgan Sze raised $1 billion for a new fund. (Reuters) Johnson & Johnson (NYSE: JNJ) will reorganize its consumer products division after numerous recalls…
The Brain Cell Phone Injury Debate Goes Nowhere
Researchers have tried for years to prove or disprove that cell phone use damages the brain. Long term exposure to handsets, some believe, must have side effects. Those cellular communications waves cannot help but…
Greece Might Finally Sell The Acropolis
After months of denials, Greek Prime Minister George Papaconstantinou admitted the country may be forced to sell the Acropolis, something that many consider to be unthinkable. But the unfathomable may be possible. Though the wonder…