TARP Might Make Money
The Treasury Department website is dominated by a headline that reads “Tarp Bank Programs Make Money.” The assertion has been challenged by the Congressional Budget Office. The fact that the statement might be even…
All Work
Douglas A. McIntyre
The Future of Berkshire Hathaway: Why Sokol Doesn’t Matter
Anyone who reads a newspaper or visits a news or financial site knows that Berkshire Hathaway (NYSE: BRK.B) executive David Sokol quit the conglomerate. There were questions about his trading of shares in Lubrizol before…
Media Digest (3/31/2011) Reuters, WSJ, NYT, FT, Bloomberg
A former Goldman Sachs Group (NYSE: GS) trader launched a $1 billion fund of his own (Reuters) Geithner said inflexible currencies are the world’s biggest monetary problem (Reuters) Brent rose to $116 and will…
While Nuclear Waste Piles up in U.S., Billions in Fund to Handle It Sit Unused
While Nuclear Waste Piles up in U.S., Billions in Fund to Handle It Sit Unused by Joaquin Sapien ProPublica, March 30, 2011, 11:52 a.m. While the nuclear crisis in Japan has focused attention on…
Daily Austerity Watch 3.30.11 — Just Say No?, IMF
Here is our latest installment of the Daily Austerity Watch, 24/7 Wall St.’s summary of the major news of efforts by governments to bring their fiscal houses in order. U.S. — Tired of austerity? …
Top Active Trader Alert Stocks (CEPH, NLST, VRX, VVTV)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Cephalon, Inc. (NASDAQ: CEPH), Netlist, Inc. (NASDAQ: NLST), Valeant Pharmaceuticals (NYSE: VRX), and ValueVision Media,…
Today’s Best Market Rumors (3/30/2011) SK Telecom To Buy Blockbuster?
Updated throughout the day. SK Telecom may make a bid for Blockbuster assets (FT) Microsoft (NASDAQ: MSFT) is at work on a mobile payment systems for Windows 7 (Bloomberg) Douglas A. McIntyre
A Nintendo Resurrection As 3DS Sales Soar
Nintendo appears ready to prove that there are second lives for game console companies. The firm claims that first day sales of its new 3DS were the greatest for any handheld device in the…
A US Post Office Plan To Reshape Its Future
The USPS has made a proposal the would allow it to close Post Offices with greater ease. The Postal Regulatory Commission and Congress can have a say in this matter so USPS management has…
What If EU National Budget Data Are Wrong?
The Wall Street Journal says that Portugal’s budget report for 2010 may be wrong. The paper writes that “The country’s statistics office has been reviewing its 2010 accounts after the EU’s Eurostat agency observed…
Where Are The Government Homebuyer Tax Credits?
The federal government’s tax credit for home purchases ended last April. There was a sharp rise in home purchases ahead of its expiration. The housing market has moved down most months since then. Data…
Media Digest (3/30/2011) Reuters, WSJ, NYT, FT, Bloomberg
Consumer morale and home prices dropped sharply according to two surveys (Reuters) Gold and oil rose on concerns about Libya and the movement in equities (Reuters) The new chief of Twitter wants the site…
European Union Aims to Outlaw Cars, and China Could be Using Too Much Food to Make Biofuel (PALL, PPLT, SWC)
Time now for our daily look at commodity prices and news. While a new plan from the European Union might seem to belong more properly in our Alternative Energy Daily, it’s being noted here…
The 100 Least Powerful People In The World
There are dozens of “best” lists put out by the media every year. These stories have catchy titles like the most admired companies, the largest companies, the wealthiest billionaires, the most well-liked billionaires, the…
Daily Austerity Watch 3.29.11 — Government Shutdown Looms, Portugal NY,
Here is our latest installment of the Daily Austerity Watch, 24/7 Wall St.’s summary of the major news of efforts by governments to bring their fiscal houses in order. US Government — Washington pundits…
Top Active Trader Alert Stocks (APOL, BBRG, VICL)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of Apollo Group, Inc. (NASDAQ: APOL), Bravo Brio Restaurant Group, Inc. (NASDAQ: BBRG), and Vical…
The Twitter-24/7 Wall St. Market Report (3/29/2011) GE M&A, Fed Policy
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 (3/29/2011) BP Charges, Vevo M&A
Updated throughout the day. Vevo may buy News Corp (NYSE: NWS) MySpace (Reuters) The Japanese government may take over Tokyo Electric Power (NYT) BP plc (NYSE: BP) management who oversaw the Deepwater Horizon may…
The Financial Case Against AT&T Buyout Of T-Mobile
Moody’s reports that it is concerned about the financial effects of the AT&T (NYSE: T) $39 billion buyout of T-Mobile. The US telecom will take on $20 billion in debt to close the deal.…
Economic Stimulus Moves Into Reverse in Japan and Michigan
Japan and Michigan have little in common except that they are among the largest regions that manufacture cars. Recently, they have begun to share one other thing. Each has become an example of potentially…