Media Digest 2/14/2011 Reuters, WSJ, NYT, FT, Bloomberg
The size of the Japanese economy dropped in the fourth quarter of last year, but exports may aid a rebound. (Reuters) The Obama budget will cut $1.1 trillion in costs over 10 years. (Reuters)…
All Work
Douglas A. McIntyre
The Week’s Largest Market Losers
S&P 500 WEEK: BOTTOM 10 (04FEB-10 FEB) Ticker Weekly Price Change (%) Close Price 10Feb11 Close Price 04Feb11 Market Cap($Mil) Akamai Technologies Inc AKAM -14.9 40.75 47.88 7430.4 Cisco Systems Inc CSCO -14.2 18.92…
US Agriculture Department Approves Ethanol-Ready Corn (SYT, GIS)
Agribusiness giant Syngenta AG (NYSE: SYT) has gotten approval from the US Department of Agriculture to grow a strain of corn that has been genetically modified to make it cheaper and more energy-efficient to…
China’s New Protectionism
China will create a new body to review all significant foreign investments made in companies based in the People’s Republic. “Foreign investments in military, agriculture, energy and resources, key infrastructure, transport systems, key technology…
The Week’s Largest Market Gainers
S&P 500 WEEK TOP 10 (04 FEB -10 FEB) Ticker Weekly Price Change (%) Close Price 10Feb11 Close Price 04Feb11 Market Cap($Mil) Big Lots Inc BIG 20.1 40.77 33.95 3076.8 NYSE Euronext NYX 15.8…
Dynegy Begs Shareholders to Accept Icahn’s Offer (DYN, IEP, BX)
A tender offer for Dynegy Inc. (NYSE: DYN) from an affiliate of Icahn Enterprise L.P. (NYSE: IEP) was supposed to have closed two days ago. Unfortunately, only 4.4% of Dynegy shares had been offered,…
The Macro Lunch: Lower Oil Prices Shrinks Trade Deficit
The US trade deficit stood at $40.6 billion in December, up about 6% from $38.3 billion. Comparing the trade deficit data with Oil prices, we can see they moved in lockstep since Oil started…
Ackman Pretends To Knuckle Under For JC Penney Board
William A. Ackman, the head of Pershing Capital, has finally joined the JC Penney (NYSE: JCP) board. He has been a buyer of the stock and has agitated for change to improve the retailer’s…
Top Active Trader Alert Stocks (EXPE, MNKD, PNRA)
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of Expedia, Inc. (NASDAQ: EXPE), MannKind Corporation (NASDAQ: MNKD), and Panera Bread Company (NASDAQ: PNRA).…
Today’s Best Market Rumors (2/11/2011) Smaller iPhone, Facebook Private Sale
Updated throughout the day. Apple (NASDAQ: AAPL) is at work on a smaller version of the iPhone (WSJ) Facebook is considering a $1 billion sale of shares by employees (WSJ) Google (NASDAQ: GOOG) may…
24/7 Wall St./Harris Poll On Tax Cuts & Consumer Spending
Nearly every adult American with a job knows that the “Bush” tax cuts were extended into 2012. The general understanding of most people who have deductions taken out of their pay is that they will take…
Will Amazon Run Out Of Places To Operate Its Business?
Amazon.com (NASDAQ: AMZN) will close a distribution center in Texas and will almost certainly not have any employees in the state ever again. Texas will need to provide unemployment benefits to some of these…
Concern About Unemployment Soars
The inability of the government and the economy to create jobs is not lost on most Americans. Nearly 16 million people are still looking for jobs in the US. The number of people who…
Nokia’s Future And Microsoft’s Money
NokiaMicrosoft (NASDAQ: MSFT) won a huge victory today. Struggling handset company Nokia (NYSE: NOK), which is still the global leader in its industry, will use Redmond’s mobile OS in its smartphones. Nokia had considered…
Media Digest (2/11/2011) Reuters, WSJ, NYT, FT, Bloomberg
Reuters: A Deutsche Borse deal with the the NYSE (NYSE: NYX) faces regulatory resistance (Reuters) Reuters: Microsoft (NASDAQ: MSFT) and Nokia (NYSE: NOK) will try to create competition for Google’s (NASDAQ: GOOG) Android (Reuters)…
Does Akamai Deserve the Pounding It’s Getting Today? (AKAM, AAPL, LLNW, FFIV, NFLX)
Global internet traffic is expected to jump by more than four times by 2014. The primary driver is video, which in 2010 leaped past peer-to-peer traffic for the first time ever. So why is…
Activision Pulls the Plug on Guitar Hero, Outlook for 2011 Disappoints (ATVI, ERTS, TTWO, THQI, MSFT, SNE, AAPL, RIMM)
Game maker Activision Blizzard, Inc. (NASDAQ: ATVI) posted unimpressive fourth quarter results after the market closed last night, and to make matters worse, offered a weaker-than-expected outlook for the current quarter and for the…
Global Oil Demand Estimate Rises
The International Energy Agency (IEA) has raised its estimate for global oil demand by 120,000 barrels/day for 2011, to a total of 89.3 million barrels/day. The increase came as a result of greater demand…
Top Active Trader Alert Stocks (AKAM, CSCO, SQNM, EZCH)
Active traders and day traders have many stocks to choose from this Thursday morning. We are tracking news and moves in shares of Akamai Technologies, Inc. (NASDAQ: AKAM), Cisco Systems, Inc. (NASDAQ: CSCO), Sequenom, Inc. (NASDAQ: SQNM),…
Today’s Best Market Rumors (2/10/2011) Twitter M&A, SEC Probes ETFs
Updated throughout the day Facebook and Google (NASDAQ: GOOG) have both considered buying Twitter which probably has a value of close to $8 billion (WSJ) Blackrock and other investment firms are concerned that they…