Nice 12% pop for FB.
Comments »German Psychopaths Bidding $74 For Facebook? $FB
Jamie Dimon Personally Approved The Concept Of The Disastrous Trade, Losses Could Total $5 Billion
“Details continue to emerge regarding JP Morgan’s shocking multi-billion trading losses.
However, the biggest behind-the-scenes report so far was just published by The Wall Street Journal and written by Monica Langley.
Here’s how Dimon first found out about the losses:”
Comments »China Reports Worst Car Sales Since 1998
“Unsold cars are crowding dealer lots in cities from Guangzhou in the south to Xi’an to the west,” Su said in a phone interview yesterday from Beijing. “It’s like a contagious disease that will spread.”
“While we had expected a poor first half, we did not expect to see the market deteriorate so fast that the Honda JV needed to close the factory for 16 days,” Scott Laprise, Beijing-based analyst at CLSA, said in a May 11 report.
Comments »Savage on Obama Born in Kenya Claim
Related: Alex Jones
Comments »Alex Jones: 1984 is Here
Savage: Romney is Fall Guy, Just Like MCcain
http://www.youtube.com/watch?v=BfZdlfzEXSA&feature=g-all-lik
Comments »THE FUCKING FACEBOOK WILL BEGIN SUCKING MONEY OUT OF THE MARKET, TOMORROW at 11am
BE THERE!
Comments »U.S. Solar Companies Convince the Commerce Department to Impose Tariffs on Chinese Solar Companies
Chinese solar companies have been dumping product onto the market place causing prices to crash. The Commerce Department decide to impose tariffs; but seemingly too late given the huge sector debacle.
Comments »MEMC, $WFR, CEO to Depart: Stock in Titanic Mode
“Given the company’s horrible showing for the first quarter, the last thing MEMC Electronic Materials Inc. (NYSE: WFR) needed was to have a management shake-up. But that’s what the solar wafer maker got last night, when the company announced that its CFO was leaving MEMC to return to his previous firm, Praxair Inc. (NYSE: PX) as President of Praxair’s Surface Technology division.”
Comments »Old Man Buffet to the Rescue; Warren Saves 63 Newspapers
“Warren Buffett’s Berkshire Hathaway has agreed to purchase 63 daily and weekly newspapers owned by Media General for $142 million, including titles in Virginia, North Carolina, South Carolina and Alabama.
Separately, Berkshire took a 19.9 percent stake in parent company Media General under an agreement to provide the firm with a $400 million term loan and a $45 million revolving credit line.”
Comments »Alex Jones: The Accelerated Designed Implosion of the Euro
ABSURDITY: $HLF SURGES BECAUSE EINHORN DIDN’T MENTION THE STOCK IN PRESENTATION
+25% for the day because Einhorn didn’t pan it during his Ira Sohn presentation today.
Related: AAPL surged during late day trading because Einhorn came out bullish.
Comments »Uncle Sam Ditches Contractors as They Must Defend Themselves Against Torture Allegations in Iraq
$JPM Faces Two Shareholder Lawsuits Over Trading Loss
FLASH: Spanish and Italian Sovereign Yields Are Now Lower
Activist Firm Takes $600M Stake in PepsiCo
“(AP) NEW YORK – Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc. (PEP), a move that could ramp up pressure on the company to make changes.”
Comments »FBI May Charge George Zimmerman With Hate Crime
“SANFORD, Fla. — WFTV has learned charges against George Zimmerman could be getting more serious.
State prosecutors said Zimmerman, a neighborhood watchman, profiled and stalked 17-year-old Trayvon Martin before killing him, so the FBI is now looking into charging him with a hate crime.”
$GM May Be the First in Bailing on Facebook; Perhaps Not the Last
Other companies have expressed concerns and are considering free ways to get their message out.
Comments »BERKSHIRE HATHAWAY DISCLOSES STAKE IN $VIA
Viacom: Berkshire Hathaway discloses new ~1.6 mln share position in 13F filing
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