$FB Off 14% Pre-Market on a Poor Growth Outlook
Fuckbook reported earnings yesterday, which failed to dazzle investors. While revenues grew 32% it is the slowest pace for the company thus far. Margins also fell 10% to 43%.
The company issued no growth forecast leaving the street to wonder what will happen going forward.
Comments »$ALU to Pink Slip 5k
“Alcatel-Lucent SA (ALU) will cut 5,000 jobs after slumping to a loss, signaling Chief Executive Officer Ben Verwaayen’s effort to revive the company is losing steam and sending the stock to its lowest level since at least 1989.”
Comments »$CSCO to Pink Slip 1300 Workers
“Cisco Systems is preparing to lay off about 1,300 workers just a few months after the world’s largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close sales with its customers.
The cuts announced Monday represent about 2 percent of Cisco System payroll of 65,000 workers.”
Comments »A New Low for Police in Anaheim CA (video)
A near riot of women and children cause police to fire rubber bullets and release an attack dog into the crowd. Police officers offered to purchase bystander video of the incident.
Comments »An Oil Pipeline in Iraq Shuts Down Due to Explosion
Sabotage is expected for an explosion of an oil pipeline in Iraq. The pipeline carries oil directly to the Mediterranean. No one was hurt. Call me nuts, but this reminds me of oil spikes that came after Nigerian pipeline “attacks”.
Comments »Ex-BofA Executive Indicted For Fraud In Bond Probe
Bid rigging in the muni markets has Phillip D. Murphy in hot water as he was accused of a far reaching conspiracy.
Comments »CO. Theater Shooting Wounds 50 and Kills 12, Cell Phone Video of Shooting
Just after midnight a gunman decided to open fire inside a movie theater. The maniac also released a canister that emitted some sort of gas. Thankfully, the suspect was found and taken into custody. Condolences to the families.
[youtube://http://www.youtube.com/watch?v=T7sIiqq66rk 450 300]Comments »
WATCH: I Will Never Eat Your Hate Filled Nuggets Again!
Chik-Fil-A steps into the ring of the culture wars and starts swinging…
Comments »Terror Attack At Bulgarian Airport Kills At Least Five Israeli Tourists
“At least five Israeli tourists are dead after a bomb detonated on a bus carrying 44 people at an airport terminal in Bulgaria.
Earlier Bulgarian media reports placed the death toll at seven, but the Bulgarian interior minister said it’s five so far.”
Comments »Capitol One Takes a Small Hit for Credit Card Marketing Practices
“WASHINGTON (Reuters) – Capital One Financial agreed to pay $210 million to resolve charges by U.S. banking regulators that its call-center representatives misled consumers into paying for extra credit card products.”
Comments »Watch The Remake of Animal House at $WMT
Fun times…
[youtube://http://www.youutbe.com/watch?v=94INAruvOrA 450 300] Comments »Reports Claim HSBC Handled Drug Money From Iran
“WASHINGTON (Reuters) – A “pervasively polluted” culture atHSBC Holdings Plc allowed the bank to act as financier to clients seeking to route shadowy funds from the world’s most dangerous and secretive corners, including Mexico, Iran, the Cayman Islands, Saudi Arabia and Syria, according to a scathing U.S. Senate report issued on Monday.”
Comments »German Courts Set Bailout Decision for September 12
Germany has no sense of urgency as the German court will rule over the bailout / fiscal pact in September.
Comments »Peregrine CEO’s Dramatic Confession
“The head of collapsed brokerage firm Peregrine Financial Group Inc. admitted to defrauding clients out of more than $100 million over nearly 20 years by personally doctoring bank statements and duping auditors with the help of a post-office box, federal prosecutors said Friday.”
Comments »In PFG Scandal, JPMorgan Chase Had Surprising Role
“The investigation into the collapse of Iowa brokerage firm Peregrine Financial Group is notable for one name that has not yet turned up: JPMorgan Chase.
JPMorgan, the country’s biggest bank, held customer accounts for Peregrine, doing business as PFGBest. But in alleging that Peregrine took customer money, the National Futures Association and Commodity Futures Trading Commission have claimed that customer money is missing not from a JPMorgan account, but from a U.S. Bank account.”
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Consumer Have Not Reaped the Benefits of Lower Natty Gas Prices
Despite lower natty gas prices helping utility companies to spend less on the energy needed to create electricity, consumers of electricity have not benefited. In fact the consumer has experienced price hikes all across the nation.
Comments »Fun With $FB
[youtube://http://www.youtube.com/watch?v=3sThcwmx3rs 450 300]
Comments »Peregrine Financial Group Inc Files for Bankruptcy Protection
The story gets more intersting as Peregrine files for banckruptcy last night after customer funds go missing…
Comments »The FBI Investigates Peregrine Financial
“The Federal Bureau of Investigation confirmed it was involved in investigating the circumstances surrounding a $200 million shortfall in customer accounts discovered at a Chicago-based futures broker.”
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