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Monthly Archives: November 2012

Picture from Staten Island: 3 Days No Help

As cleanup on Staten Island’s waterfront continued painfully slowly Friday, some residents expressed their frustration with the city’s relief effort- or the lack of it – by using their storm-ravaged homes as billboards to express their discontent

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“If the police wasn’t here somebody would be dead,” she said, noting the desperation of people in the aftermath of Sandy. “People would be shooting.”

Michael Wasilewski, 48, of the Bronx, also drove around for two hours before coming across the Harlem gas station.

“I’ve been driving around for hours,” he said as he got $75 worth of gas just after midnight on Friday. He filled up his car, and also picked up some extra gas for his wife’s car.

“I’ve never been so happy in my life,” he said. “It’s the little things that you take for granted. My wife is a nurse, and I gotta take her to work in the morning.”

Livery cab driver Rich Loza, 33, was in line at W. 130th St. and Adam Clayton Powell Jr. Blvd., but he decided he would take his chances elsewhere.

“It’s horrible,” the Bronx native said. “The city should have been ready for this.”

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Twitter to launch Instagram like feature

In the coming months, Twitter plans to update its mobile applications to introduce filters for photos that will allow people to share altered images on Twitter and bypass Instagram, the popular mobilecentric photo-sharing network, according to people who work at the company but asked not to be named as they are not allowed to discuss unannounced projects.

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Documentary: Commanding Heights

Was out all day doing stuff. Sorry for no updates. I see the markets did not follow through after yesterday’s rally. NOT GOOD.

At any rate, cheers on your weekend.

Commanding Heights

[youtube://http://www.youtube.com/watch?v=yYKEA-ds8p0&feature=relmfu 450 300] [youtube://http://www.youtube.com/watch?v=jEReH2HDUWs&feature=relmfu 450 300] [youtube://http://www.youtube.com/watch?v=KubaKsWmiNY&feature=relmfu 450 300]

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Gapping Up and Down This Morning

Gapping up

TRIP +19%, ROVI +15%, MX +11.3%, PCLN +9.4%, LNKD +8.6%,

JCOM +8.3%, BGFV +7.6%, SBUX +7.3%, QTM +5.9%, ZAGG +4.2%,

EQIX +3.8%, JOE +3%, YELP +1.7%, ARR +1.3%, MNKD +4.2%, GMCR +1.7%

Gapping down

ALSK -13.4%, GLUU -11%, MNST -8.9%, GMED -8.3%, ALU -8.1%,

PSEC -6.5%, MELI -6.4%, SWKS -6.1%, GES -5%, FSLR -5%, FLR -4.6%,

GMLP -4.5%, VRTX -4.3%, BEBE -3.9%, PBI -3.7%, SYX -3.6%, IPHI -3.6%,

OPEN -2.9%, CHK -2.6%, MTZ -2.6%, DB -1.7%, AIG -1.5%, CACC -1.5%,

LYB -2.5%,  GES -5%, MNST -8.9%,

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$CVX Reports a Drop in Net Income

“The second-largest U.S. oil company said its third-quarter net income fell to $5.25 billion, or $2.69 per share, from $7.83 billion, or $3.92 per share, in the year-ago quarter”

Full report

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$LNKD Beats and Raises Guidance

“Following the earnings release, the company’s shares [LNKD  106.85    -0.08  (-0.07%)   ] rose more than 7 percent in trading after the closing bell. (Click here to get the latest quotes for LinkedIn.)

LinkedIn said it posted net income of $2.3 million, or 2 cents a share, during the three months ended Sept. 30, compared with a net loss of $1.6 million, or 2 cents a share, in the year-ago period.

Excluding certain items, LinkedIn said it earned 22 cents a share in the third quarter, above the 11 cents expected by analysts polled by Thomson Reuters.

Revenue in the third quarter was $252 million, up 81 percent year-over-year and ahead of the average analyst expectation of $244.2 million.

LinkedIn said it now expects total revenue for 2012 to range between $939 million and $944 million, compared with its prior range of $915 million to $925 million.”

Full article

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$SBUX Ups Guidance and Raises Dividend

“After the earnings announcement, the company’s shares [SBUX  46.6197    0.7197 (+1.57%)   ] rose more than 6 percent in trading after the closing bell. (Click here to get the latest quotes for Starbucks.)

The world’s biggest coffee chain’s net income was $359 million, or 46 cents per share, for the fiscal fourth-quarter ended Sept. 30, slightly up from $358.5 million, or 47 cents per share a year earlier.

Excluding gains that included the sale of corporate real estate, the company posted fiscal fourth-quarter earnings of 46 cents per share, up from 37 cents a share in the year-earlier period.

Revenue increased 11 percent to $3.36 billion from $3.03 billion a year ago.

Analysts had expected the company to report earnings excluding items of 45 cents a share on $3.38 billion in revenue, according to a consensus estimate from Thomson Reuters.”

Full article

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$AIG Beats the Street

“Higher prices in the insurer’s property-casualty division and gains on investments in its life and retirement division reportedly led to a sharp rise in operating income.

The insurance company’s shares [AIG  35.20   0.27  (+0.77%)   ] dropped 2 percent following the news after the closing bell. (Click here to get real-time quotes for AIG.)

Earnings excluding items rose to $1.00 per share from a loss of $1.58 per share in the year-earlier period .

Third quarter net income came in at $1.9 billion, compared with a net loss of $4 billion in the same period last year.

Revenue eased 3.3 percent to $8.75 billion from $9.04 billion a year ago.”

Full report

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Global Regulators Suggest The World’s Largest Banks Raise More Capital

“Citigroup [C  37.95    0.57  (+1.52%)   ]Deutsche Bank [DB  46.59    0.88  (+1.93%)  ]HSBC [HSBA-LN  621.60    -3.40  (-0.54%)   ] and JPMorgan Chase [JPM  42.84   1.16  (+2.78%)   ] will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday.

The four global banks will be required to hold an extra 2.5 percent of common equity as a percentage of risk-weighted assets on top of a 7 percent minimum being phased in from January, according to the Financial Stability Board, a regulatory task force for the group of 20 top economies.”

Full article

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