FOMC Minutes: Years of Spotty Economics
The newest minutes from the June 22 to 23, 2010 FOMC meeting is a lowering of economic growth estimates from the Federal Reserve for the rest of 2010. The market has already reflected this…
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Newest first · Page 92Northrop Closure Signals Troubled Times For Defense (NOC)
Northrop Grumman Corp. (NYSE: NOC) is outlining some of the larger issues in the defense and military spending sector. The budget for many major defense programs is far less clear than in decades past. …
YRC Worldwide: Lessons From SIRIUS XM (YRCW, SIRI)
YRC Worldwide Inc. (NASDAQ: YRCW) is starting to do what many companies do when they have a large business with thousands of shareholders and employees with a low stock price that it is on…
GM’s CEO Edward Whitacre, Jr: The Great Pretender
Ed Whitacre, the former chairman and CEO of AT&T and current head of GM looks like the Wizard of Oz scarecrow—tall and under-stuffed. Whitacre, however, can afford to buy new straw. He took over…
The Muted Recovery Remains Jobless
The recovery, if there is a real recovery, is still mostly a jobless one. Expectations for today’s Unemployment and non-Farm Payrolls in June were muted after a weaker ADP number and after weekly jobless…
ADP’s Ill Omen For Unemployment and Payrolls
ADP released its monthly payrolls data this morning. The bad news is that it came in under expectations and it sets up for a weak Friday report for June Unemployment and non-Farm Payrolls. The…
The American Economy: Making Money By Keeping People Unemployed
The secret to the amazing increases in productivity in the American economy is finally out. Companies in the US are not hiring full-time workers. They are gambling that they can keep their margins high…
China’s Unions Paint Foreign Manufacturers Into A Corner
Where will Honda Motors (NYSE: HMC) and Toyota Motor (NYSE: TM) go to build their cars and trucks now that Chinese workers striking for better wages? Even if those wages are double what the…
Toyota Hit By China Strike
Toyota Motor (NYSE: TM) has been hit by labor strikes in China. The Toyoda Gosei Co. plant in the northern city of Tianjin is owned 42% by Toyota along with a local partner. The…
FedEx, The Union-Buster? (FDX, UPS)
Jon OggFedEx Corporation (NYSE: FDX) may have been part of the reason for the rally late today that took markets into positive territory. Headlines hit late in the day on the Dow Jones broad…
Honda Sends In Strike Breakers In China
Honda Motors (NYSE: HMC) is using good old-fashioned management tactics to overcome strikes that have shut some of its plants and related parts operations in China. The Japanese company agreed to improve wages in…
The Jobless Claims Keep Coming
The weekly jobless claims from the Labor Department was roughly in-line with expectations as the rate came to an adjusted drop of 3,000 jobless claims to 456,000. The reading from a weak ago was…
Fed’s Beige Book Steady, But With Inventory Concerns
The Federal Reserve’s newest Beige Book comments are out. They were prepared at the Federal Reserve Bank of Chicago and the cut-off date for information was May 28, 2010. In short, the Fed found…
National Employee Morale Day At Oracle (ORCL)
Oracle Corporation (NASDAQ: ORCL) will deepen its cost cuts as part of its buyout of Sun Microsystems. Sun employees have already endured years of job reductions as the firm’s revenue and market share were…
Only Job Creation From Uncle Sam’s Head Counters at Census
A disaster… That is all that can be used to describe (politely) the May jobs data. The unemployment rate came out as an official 9.7%, meeting estimates. But the non-Farm Payrolls data is where…