5:27am ET
Economy
Who Hired All The People Who Are Getting Laid Off?
Some of the companies that need to let people go have lost such a large portion of their sales that they have virtually no choice but to cut staff. That certainly holds…
IBM Coverage Page 117
4:06am ET
Media
Media Digest 2/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Wall St. workers face a bleak future. Reuters reports that the Senate has agreed to a soft "buy America plan." Reuters reports that the government needs an investment plan…
2:57pm ET
Investing
The New Layoff Kings: Thirty Companies Fire 173,000 People
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people…
4:01am ET
Media
Media Digest 1/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, American Express (AXP) earnings dropped 72% but still beat expectations. Reuters writes that Geithner was confirmed to be Treasury Secretary. Reuters reports that people lost confidence in business globally…
9:01am ET
Jobs
Layoff Hurdles Make 9% Unemployment Look Optimistic (HD, S, CAT, IBM, NOV)
We have been tracking the layoffs and the weekly jobless claims to figure out what they mean for the economy. Just this morning we noticed many job cut announcements from companies.. Home…
5:39am ET
Investing
Why Earnings Don’t Matter (IBM)(GOOG)(MSFT)
In a relatively stable economy, quarterly earnings releases and public company forecasts can be useful guides to Wall St. Corporations can actually look out a three to six months and forecast how…
4:03am ET
Media
Media Digest 1/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a House committee advanced the economic stimulus bill. Reuters reports that China’s GDP growth slowed. Reuters reports that exports from Japan dropped sharply. Reuters writes that Sony (SNE) warned…
3:57am ET
Media
Media Digest 1/21/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the financial crisis may speed up the approval of the Treasury Secretary. Reuters reports that Fiat has set a deal to own 35% of Chrysler. Reuters reports that an…
9:23pm ET
Technology
IBM (IBM): Corporate America’s Last Man Standing
The number of large American companies which have effectively dodged the falling safe of the recession can be counted on most people’s fingers and toes. Wal-Mart (WMT) has done remarkably well, but…
4:30pm ET
Investing
IBM Scores While Others Can’t (IBM)
International Business Machines (NYSE: IBM) has posted some mixed earnings with earnings at $3.28 EPS and revenue at $27.01 billion. Thomson Reuters (First Call) had estimates of $3.03 EPS and $28.05 billion…
Douglas A. McIntyre 5:55am ET
Investing
The EU, The Antitrust Capital Of The World
IBM (IBM) has become a target of antitrust regulators in the European Union. Several media sources say that a US company called T3 Technologies claims that IBM refused to offer its software…
3:58am ET
Media
Media Digest 1/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Chrysler and Fiat in are in talks about a possible partnership. Reuters reports that Carlos Slim will invest $250 million in The New York Times. Reuters writes that China…
5:45pm ET
Technology
Cisco (CSCO) Moves Into One Of Tech’s Worst Sectors–Servers (VMW)(IBM)(HPQ)(JAVA)(MSFT)
Check with Sun (JAVA). The server end of the tech industry has poor margins and unforgiving competition. HP (HPQ) has a server division. It grew only .7% in the company’s last fiscal…
3:52am ET
Media
Media Digest 1/15/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Steve Jobs will take a medical leave from Apple (AAPL) until June 30. Reuters reports that Bank of America (BAC) is in discussions with the government to get billions…
4:00am ET
Media
Media Digest 1/14/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Citigroup (C) has begun the process of breaking itself into pieces. Reuters reports that Chrysler is in deal talks about selling assets to Renault or Magna. Reuters reports the…