Media Digest (2/18/2011) Reuters, WSJ, NYT, FT, Bloomberg
The head of the Bank of Japan said that easing by the G20 central banks was necessary even though it may be causing inflation in the emerging world (Reuters) The head of Time Inc…
All Work
Douglas A. McIntyre
The 24/7 Wall St./Flame Index: Borders Gets Burned By The Press
Nothing like the Chapter 11 filing of a major public company brings in poor press notices. Borders Group filed for bankruptcy and closed 200 stores which is also bound to hurt it in local…
US House Committee Goes After “Friends of Angelo” (BAC)
In June of 2008, documents and e-mails from Countrywide Financial Corp., now part of Bank of America Corp. (NYSE: BAC), revealed that some mortgage borrowers had more than just a solid credit score on…
Airbus Muddies Up Boeing’s 747-8 Introduction (BA, EADSY)
When the Boeing Co. (NYSE: BA) took the wraps off its new 747-8 Intercontinental last Sunday, the company harked back to the introduction of the first 747 some 42 years ago in 1968. Perhaps…
Osmium Savages Answers.com Plan To Sell Company
Answers.com (NASDAQ: ANSW) has spent most of its many years as a public company attempting to convince Wall St. how ingenious its business plan is and how undervalued its stock has been. Answer traded…
Ten American Companies With The Best News For 2011
24/7 Wall St. chose the ten most important pieces of news for major US corporations so far this year. Our evaluation was based on the history of the company and industry involved and the…
A Sudden Rise In February Unemployment
If there are any worries that lingers with economists about the current American financial situation, jobs and housing are about all that is left. The argument has been persuasively made that inflation will stay…
Top Active Trader Alert Stocks (ANAD, CCME, NTAP)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of ANADIGICS, Inc. (NASDAQ: ANAD), China MediaExpress Holdings (NASDAQ: CCME), NetApp, Inc. (NASDAQ: NTAP). ANADIGICS,…
Borders CEO Tells Customers “All Is Well”
Mike Edwards, the CEO of Borders Group which has just declared bankruptcy, wrote the retailer’s “Rewards Members” to tell them everything at the company is fine. If the Borders’ program works as most loyalty…
China Hackers Raid Canada
The keen investigative journalists at the CBC have discovered that cyber-hackers, probably based in China, made at least two raids on Canadian government servers and databases. The network said “Sources have confirmed that the…
National Retail Federation Hunts Ghost Of American Shopper
The National Retail Federation predicts that retail sales will rise 4% this year. The forecast does not include sales at gas stations, car dealers or restaurants. Stronger-than-expected retail figures late last year contributed to…
Media Digest (2/17/2011) Reuters, WSJ, NYT, FT, Bloomberg
Republicans have started to shut down funding for Dodd-Frank programs (Reuters) The Office of the Comptroller of the Currency and other agencies will fine banks for improper foreclosure methods (Reuters) Ben Bernanke says he backs…
How the FT and Economist Triumphed in The U.S.
Millions of megabytes have been wasted telling the story of how traditional business media companies were caught flat-footed by the rise of the Internet and are struggling to stay relevant. There have…
There’s Priceline, Travelzoo, and Everyone Else
Priceline Incorporated (NASDAQ:PCLN) has killed the competition since inception and its chart is a thing of beauty despite the recession and a crowded market place. Looking back in the last 12 months Priceline (PCLN)…
Corporate Cash Hoard Slowly Shrinking
Since mid-2009 the most favored product from nearly every company has been its stock. When corporations began to return to profitability, US consumers maintained their frugality, reducing demand, and cooling off any thoughts that…
Nvidia About To Blow the Doors Off Mobile Computing (NVDA, QCOM, INTC, ARMH)
Graphics processor maker Nvidia Corp. (NASDAQ: NVDA) reports fourth-quarter earnings after markets close today, and analysts are expecting EPS of $0.21 on revenue of $894.6 million. When Nvidia reported its third-quarter earnings in November…
The 24/7 Wall St./Flame Index: News On Fannie Mae Worsens
A new analysis attacked the legal fees involved in the government takeover of Fannie Mae. A number of contracts the mortgage organization had should simply have been voided, the author of the critical report…
Fairholme Funds Love Letter To St. Joe Co. Board: Get Out With Help From Spencer Stuart
Fairholme Funds has made several attempts to take control of the board of directors of St Joe Co. (NYSE: JOE). The Florida real estate company has done badly for the last two years and…
Top Active Trader Alert Stocks: Dell, Comcast, Dollar Tree Rock
Shares moving sharply up or down in the pre-market include: Genzyme (NASDAQ: GENZ), higher on news of a buyout by Sanofi-Aventis. Dell (NASDAQ: DELL), up 7% after posting strong earnings Borders Group down 25%…
Today’s Best Market Rumors (2/16/2011) RIM & Nokia, Goldman Traders
Updated throughout the day Fairholme Capital will try to replace the St. Joe board (WSJ) Research In Motion (NASDAQ: RIMM) turned down a joint venture with Nokia (NYSE: NOK) (TechCrunch) Oaktree Capital returned $3…