A Modest Proposal: A (temporary) IRS Amnesty
There is a simple, easy way that will help close the $1 trillion-dollar federal deficit: Declare a temporary tax amnesty. Under the 24/7 Wall St. plan, individual and business taxpayers who owe less than…
All Work
Douglas A. McIntyre
Deepwater Horizon Spill Panel Blames Everyone Involved With Disaster
The National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling was appointed by the President to examine why the oil rig disaster in the Gulf happened and what could be done…
Microsoft Sells 8 Million Kinects In Sixty Days As Ballmer Rules
Steve Ballmer gave his annual address at the Consumer Electronics Show. Among the things that he mentioned was that Microsoft (NASDAQ: MSFT) had sold 8 million Kinect video game consoles in sixty days. The…
Media Digest 1.5.2011 Reuters, WSJ, NYT, FT, Bloomberg
LinkedIn will go public this year (Reuters) China said the yuan was not the cause of trade problem with the US (Reuters) BP plc (NYSE: BP) and other firms involved in the Gulf disaster…
The Twitter-24/7 Wall St. Market Report 1.5.2011 Qualcomm M&A, ADP 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 (ATHR, KUTV, GLUU, NVDA, XING)
Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Atheros Communications, Inc. (NASDAQ: ATHR), Ku6 Media Co. Limited (NASDAQ: KUTV), Glu Mobile, Inc.…
Ireland Fix Becomes Harder As Home Prices Continue Collapse
The enemies of economic recovery among the developed nations are high national debt, high unemployment, and a drop in home prices. The three are linked. It is hard get good prices for properties when…
America’s Worst Board Members: Henry McKinnell of Moody’s
He nry A. McKinnell, Jr, has been a board member at Moody’s (NYSE: MCO) since 1997. He serves as the head of the governance and compensation committee and is the firm’s lead director. The…
The US Car Market: Making Money Vs. Making Sales
The Ford (NYSE: F) brand outsold the Toyota (NYSE: TM) brand in 2010. That crown has to be worth something. Ford makes popular, well-designed cars. Toyota’s image has been hurt by millions of recalls…
Who Cares Who Buys Facebook Shares?
There is a notion that Goldman Sachs Group (NYSE: GS) should not be allowed to buy shares in Facebook for $450 million and sell them to clients. The SEC plans to look into the…
Media Digest (1/5/2010) Reuters, WSJ, NYT, FT, Bloomberg
The SEC is faced with the challenge between disclosure of public and private companies as Goldman Sachs Group (NYSE: GS) invested $450 million in Facebook. (Reuters) US officials said it was critical for China…
Robust Auto Sales in China for 2011, But No New Records (GM, F, TM, HMC)
Chinese buyers are projected to have purchased up to 18 million cars in 2010, more cars than have ever been sold in one country in one year. Those cars represent a year-over-year growth rate…
Today’s Best Market Rumors 1.4.2010 Obama To Get Staff, BP M&A
Updated throughout the day. Facebook may lay off half of its staff (WSJ) BP plc (NYSE: BP) may get a buyout offer from Royal Dutch Shell (NYSE: RDS-A) (Daily Mail) Obama has talked to…
Top Active Trader Alert Stocks (ATPG, BANR, DRYS, XING, XOMA)
Active traders and day traders have many stocks to choose from this Tuesday morning. We are tracking news and moves in shares of ATP Oil & Gas Corporation (NASDAQ: ATPG), Banner Corporation (NASDAQ: BANR),…
A Microsoft TV Box To Compete With Google And Apple
Microsoft (NASDAQ: MSFT) will launch a TV set-top box at the International Consumer Electronics Show, according to a number of media reports. It will compete with Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), and the…
American Optimism About Economy Springs Higher
Americans believe, by a wide margin, that the economy will be better in 2011 than it was in 2010. As a matter of fact, “Twice as many Americans think the U.S. economy will be…
BP plc May Be Back In Play
BP plc (NYSE: BP) may be back in play. That is, at least, what a report from The Daily Mail says. The FT points out that claims against the UK-based oil giant for the…
The Fifteen Most Hated American Companies Of 2010
Customers, employees, shareholders and taxpayers hate large corporations for many reasons. 24/7 Wall St. reviewed many of these to choose the 15 most hated companies in America. We examined each company based on six…
Media Digest (1/4/2010) Reuters, WSJ, NYT, FT, Bloomberg
December retail sales may the last rise in several months. (Reuters) The US will ease some restrictions on deepwater drilling. (Reuters) Oil reached a 27-month peak. (Reuters) Blu-ray could accelerate 3D TV purchases. (Reuters)…
Consumer Bankruptcies Soar, The Recovery Expands
A note to those who have taken all the positive financial and economic data released recently to offer proof the recession is over–consumer bankruptcies soared last year. U.S. consumer bankruptcies increased 9 percent…