YoY notices were down 27%…so that is good
Comments »Monthly Archives: October 2011
Carrefour, France’s Largest Retailer, Issues a Profit Warning Based on a Weak Consumer
JP Morgan’s Earnings Fall Less Than Expected From Value of Their Liabilities
Initial Claims: Prior 401k, Market Expects 406k, Actual 404k …. August Trade Deficit $45.61 Bn
Swedish Financial Supervisory Authority: “Things are getting worse and, of course, then you’re more concerned about liquidity and solvency.”
Chinese Exports Rise the Least in Seven Months
This caused concern for a global growth slowdown and the dollar and yen traded higher off the news.
Comments »Asian Markets Hold Gains While Europe and U.S. Futures Fall
AOLHuffPo Begging Yahoo To Buy It
(Reuters) – AOL Inc CEO Tim Armstrong has been meeting with top shareholders in the past couple of weeks to push the idea of a sale to Yahoo Inc that could wring up to $1.5 billion of cost savings, according to sources with knowledge of the discussions.
While Yahoo’s own strategic review has bumped AOL to the back burner for many on Wall Street, Armstrong is still trying to drum up shareholder support for a deal with Yahoo, presenting it as an alternative to going it alone as an Internet media company.
“The focus in the meeting has gone from a year ago of being around the fundamentals to now being how could you carve this up, what are separate assets worth, are there ways to sell off the business to extract value from them,” said a top 20 AOL shareholder who attended one of the meetings.
Armstrong said a merger between AOL and Yahoo could wring out $1 billion to $1.5 billion in savings from overlapping data centers and duplicate news sites, such as sports, entertainment and finance, according to another major shareholder who met with Armstrong.
He is pushing the notion that a combination with Yahoo would appease ad agencies looking for more efficient buys with a bigger audience, said the two shareholders.
They said they liked the idea of a merger with Yahoo but it remains to be seen if Armstrong can pull it off.
Read the rest here.
Comments »Late Night Fun: Thank God for Bifurcation
Bank of Korea Holds Rates Steady To Boost Debt Growth
Sell, Sell, Sell…Now Buy, Buy, Buy
[youtube:http://www.youtube.com/watch?v=bs-Q0JmWjj0 450 300]
Comments »
Visa and MasterCard Sued For ATM Price Fixing
No Lemonade: A New Red Flag Stock List
Bill Gross Ramps MBS Purchases
Bear Markets in the Dow Jones Industrials – 1899 to Present
Some great chart porn here. Well worth the click-over!
Comments »Prepare for the Show Trial: Congress Plans Hearings on Volcker Rule
Congressional leaders plan to hold hearings on one of the more controversial parts of the Dodd-Frank financial reform known as the Volcker Rule that prevents the nation’s big banks from practices that federal regulators say are dangerous — but which have also generated enormous profits for Wall Street, the FOX Business Network has learned.
The hearing is being planned by the House Financial Services committee and comes as the final drafts of the rule have been approved by federal regulators this week. Named after former Obama Administration economic adviser Paul Volcker, the rule generally bars banks from businesses like “proprietary trading” or using firm capital to trade securities, and vastly limits the amount of money banks can invest in hedge funds and in private equity accounts.
Comments »More on The Euro Zone Bailout Ponzi Scheme
Leverage is a tool, but can be dangerous and sometimes fatal.
Comments »Shocker: ManBearPig Supports #Occupy Wall Street
Same Chart Different Day
House Approves Trade Deals With S. Korea, Panama, & Columbia
In a effort to boost jobs and export growth the house passed the trade pacts. It only took a 1000 days and some say it may not actually spur job growth.
Comments »
