Monthly Archives: July 2011
Glaxo Smith Kline, GSK, Sees a Third Q of Smaller Revenues and Profits
Ford, F, Posts $0.65 in EPS vs Consensus of $0.61
Units sold dropped a mill to 12.1 from last quarter. Futures turned from negative to slightly positive on their earnings news.
Comments »No More Kobe Beef For You
Deutsche Bank Posts a Small Profit, But Misses Estimates
European Markets Turn in Flat to Negative Performance
Debt issues still rule the day. Asia’s strength was not enough to push European markets higher as they rallied ignoring debt issue worries.
Comments »The Canadian Loonie Joins the List of Currencies Making New Highs vs The Dollar
Asian Markets Hold on to Gains Overnight
Asian markets held their opening gains with Taiwan, Australia, and Jakarta post the best performance….
Comments »Oil Up Dollar Down in Overnight Trade
U.S. debt ceiling issues weakened the dollar last night helping oil out, but not gold. Oil is trading up $0.43 @ $99.63.
The dollar is trading around 78.07
Comments »Reserve Bank of India Raises Rates by 50 bps
8% now.
Comments »Flash: UBS Earnings Disappoints
Pre tax profit of 1bln chf vs estimate of 1.2bill.
Furthermore, the company offered a dour outlook for future results.
Comments »Flash: The Euro is Surging Against the Dollar
The dollar is getting poleaxed, across the board. The euro is up nearly 0.7% versus the dollar right now.
Late Night Fun: Free Breast Cancer Screening
CME Raises Margin Requirements to Quell Treasury Volatility
Haircuts go up too…wonder if this will cause a bit of a sell off since treasuries are a leveraging instrument to buy stocks and commodities.
Comments »S&P Favors The Reid Plan While Boehner’s Plan May Cause a Ratings Downgrade
What a circus this debt ceiling story has become. I can’t wait till after the second of August….on second thought scratch that as we may just kick the can down the road.
Comments »Asian Markets Bounce As the Greenback and U.S. Futures Fall
Mental pygmies run about on hamster wheels in Washington; all the while squashing what little confidence the country and markets have left.
Comments »Alert: Blast Reported in Macau
Xinhua is reporting on a fatal explosion at the Golden Dragon hotel, more than 13 injured. No word on death count so far.
Comments »Antique Roadshow Appraisal Breaks Record
$1.5mill for Chinese cups made from rhino.
Full article
MI Snyder recall raises <$25K
Pardon me, I know most of you don’t care about state specific politics. However, given how Michigan was the only state to my knowledge to be in a recession during the housing boom, and the general pathetic level of public finances that can be found here, I thought I’d pass this along.
The effort to recall our new governor here in Michigan, the estimable Mr. Rick Snyder, after coming out of the gate hot in response to the cuts in our bloated and most ineffective education system, has flamed out horribly.
Today, in a local newspaper, it was reported that the effort managed to raise $24,089.
(laughter) I’ve been flicking these people off as they passed out papers on the corners for months, so this is pretty vindicating for me.
A good amount of that money came from out of state. Although an all volunteer movement, it’s looking increasingly like an epic fail from these tots. They have until the beginning of August to come up with the 800,000 some odd signatures they need to put Snyder up for recall. I look forward to pissing on their graves.
Comments »Flash: Texas Instruments prelim $0.56 vs $0.54 Capital IQ Consensus Estimate; revs $3.46 bln vs $3.43 bln Capital IQ Consensus Estimate
Texas Instruments sees Q3 $0.55-0.65 vs $0.63 Capital IQ Consensus Estimate; sees revs $3.4-3.7 bln vs $3.62 bln Capital IQ Consensus Estimate
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