Down another $550 million+ today.

$NFLX’s announcement of entering into the CDN market has not been received well. This reminds me of Corning moving into fiber optics. Where does $NFLX get the coin to make a capital intensive move ?

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“It has been raining sheep in Australia after a truck carrying about 400 animals overturned on a highway overpass outside Melbourne. The flock of sheep fell to their deaths on to stunned drivers below, injuring several people.”

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“(Reuters) – Top shareholders of Chesapeake Energy Corp will take control of the board of directors after the natural gas producer came under intense pressure to reform following a governance crisis and poor financial performance.

Chesapeake said on Monday it would replace four directors on the nine-member board, giving Mason Hawkins’s Southeastern Asset Management three seats and billionaire Carl Icahn one.

In addition, the selection of a new independent chairman must be approved by the new board members.”

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“There’s nothing stopping them. They feel like they have the right to do anything they want to anyone who gets in their way.” What they want, in this case, is to hurt her and her family. Or at least to jabber at length about maybe doing it.

Read the article here.

Auto sales are suggesting a slowdown. GM sales just came in line with expectations of 10.4%…

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Euro is now +0.6%!!!!!

“Much of the time when you talk about browser market share, it’s in the context of IE vs. Chrome vs. all the rest. But new data released from e-commerce technology company Monetate today has thrown the mobile version of Safari into the mix. The result? The firm found Mobile Safari to be the most rapidly growing web browser over the past year on its sites, going from 5.84% in Q1 2011 to 11.12% in Q1 2012. That’s not to say it’s the topbrowser – Internet Explorer still holds that crown – but it’s impact is being felt.”

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down just 0.3%

Italy should start printing fresh euros and Germany should leave the currency union, former Italian Prime Minister Silvio Berlusconi said Friday, MF-Dow Jones reported.

“Here’s my crazy idea; Let’s start printing euros ourselves,” Mr Berlusconi told an assembly of his center-right People of Liberty party’s parliamentary deputies.

“Germany should leave the euro if it doesn’t agree with the European Central Bank serving as a lender of last resort,” he added, MF-Dow Jones said.

If the ECB doesn’t take on that role, Germany’s role in Europe should be reviewed, he said.

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Final List of Participants

Chairman

Source

MORELIA, Mexico (AP) – Banners signed by a cult-like Mexican drug gang say that cartel members launched firebombing attacks on a PepsiCo. subsidiary because they believe the snack company let law-enforcement agents use its trucks for surveillance.

Five Sabritas warehouses and vehicle lots were attacked Friday and Saturday in the Mexican states of Michoacan and Guanajuato. Officials say four alleged members of the Knights Templar cartel have been detained in the case, which they link to extortion. At least 10 banners hung around the city of Apatzingan on Thursday accuse Sabritas of ferrying government agents.

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WASHINGTON — U.S. Transportation Secretary Ray LaHood will be in Detroit on Monday to discuss the future of a proposal to build a light-rail line along Woodward Avenue.

His visit follows a federal review of the investors’ plans.

If LaHood announces money for the plan it could jump-start the rail project that supporters see as a way to revitalize the core of Detroit.

Rip Rapson, head of the Kresge Foundation, said he’ll be there and supporters Roger Penske and Quicken Loans’ Dan Gilbert changed travel plans to attend.

“I assume that wouldn’t be happening if LaHood is coming to give us bad news,” Rapson said.

The Kresge Foundation pledged $35 million toward the M1 Rail project.

The meeting is set for Detroit Mayor Dave Bing’s office; Gov. Rick Snyder and several investors in the M1 Rail group are expected to be on hand, a U.S. Transportation Department official confirmed.

Chris Brown, Bing’s chief operating officer, said he is “cautiously optimistic to see where things are going.”

“At the end of the day you’ve got to show a capital plan that works and how long-term operations and maintenance can be funded,” he added.

Private sector investors including Penske Corp., Quicken Loans, the Ilitch family and Peter Karmanos’ Compuware have contributed to the effort to build a 3.3-mile light-rail line on Woodward Avenue from downtown Detroit to New Center. The group submitted plans to federal officials in April, saying it raised most of the $137 million needed to build it and promising 80% of the estimated $5.1-million annual cost of operating it through 2025.

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Forget waterboarding, Guantanamo Bay prisoners are now being tortured by BIG BIRD — at least according to a new documentary released by Al Jazeera.

According to the doc — called “Songs of War” — detainees at the U.S. Naval base have been forced to wear headphones blaring Sesame Street music on repeat for hours or days on end … to break their will (start at 2:00).

SEE THE REST HERE AT TMZ.COM

Public-employee unions in Wisconsin have experienced a dramatic drop in membership — by more than half for the second-biggest union — since a law championed by Republican Gov. Scott Walker sharply curtailed their ability to bargain over wages and working conditions.

Now with Mr. Walker facing a recall vote Tuesday, voters will decide whether his policies in the centrist state should continue — or whether they have gone too far.

The election could mark a pivot point for organized labor.

Mr. Walker’s ouster would derail the political career of a rising Republican star and send a warning to other elected officials who are battling unions. But a victory for the governor, who has been leading his Democratic opponent in recent polls, would amount to an endorsement of an effort to curtail public-sector unions, which have been a pillar of strength for organized labor while private-sector membership has dwindled.

That could mean the sharp losses that some Wisconsin public-worker unions have experienced is a harbinger of similar unions’ future nationwide, union leaders fear. Failure to oust Mr. Walker and overturn the Wisconsin law “spells doom,” said Bryan Kennedy, the American Federation of Teachers’ Wisconsin president.

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Consumer still love $TGT for its cheap prices and selections. 5% was on the high end of expectations and the CEO said they expect to power through a tough economy.

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“What’s going on here is basically a con game to suggest otherwise,” Callister said. “What do con men do? They normally try to change their name. The FDA has thankfully stopped that.”

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Poverty awaits.

“Under the deal with Christie, Seattle-based Amazon will start collecting sales tax as of July 1, 2013, on orders placed by New Jersey residents through its website, and will seek state financial help if it chooses to open a warehouse in the state, Lesniak said.”

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