May 24, 2013, 5:53 am
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Older >Why Did Protesters Disrupt Cablevision’s Meeting?
Cablevision Systems Corp. (NYSE:CVC) Chief Executive Officer James Dolan had to call police in order to have protesters from the Communications Workers of America ejected from the company’s annual meeting at its headquarters in Long Island,...
The Fed Has Painted Itself in a Corner
Bernanke managed to shoot global markets in the head the day before yesterday, and then, as has become typical when investors throw brickbats at what the Fed has said, various mouthpieces go about talking the markets back up (this case, in the form of...
McDonald's Quietly Offers Ohio Hero Free Food For Year
Life is good for this Ohio hero. Just one day after a group of Cleveland restaurants announced plans to give local man Charles Ramsey free burgers for life, McDonald's quietly confirmed that it will offer him free food for a year. Ramsey's...
Box acquires Folders technology with its next-gen iOS app in mind
Box just recently snapped up Crocodoc to improve the web component of its cloud storage, but what about tuning the native apps? It's addressing that side of the equation by acquiring the technology behind Folders, a third-party cloud storage app...
U.S. Stocks Temper Global Rout
Stocks in the U.S. moderated losses, bucking a global selloff that began with a 7.3% plunge in Japan's stock...
REPORT: Three Members Of Steve Cohen's 'Inner Circle' Got Slapped With Subpoenas
The Wall Street Journal is reporting that three senior SAC Capital executives received subpoenas as part of the insider trading investigation of the hedge fund. Those who received subpoenas were Thomas Conheeney, SAC's president; Steven...
Friday: Durable Goods (and a comment on housing driving the recovery)
Several people have asked me about this article at CNBC by Jeff Cox: Why Housing Won't Drive the Recovery Despite data points that in some cases are at multiyear highs, Robert Shiller, Karl Case and David Blitzer believe there are multiple...
Elementary, My Dear Watanabe-san (Somewhat Wonkish)
Government-Enforced Pre-Paid Medical Plans
What she said The banning of catastrophic-only plans infuriates me the most. Those are the only plans that are actually financially sensible for a healthy individual to purchase. Everything else on the market is a perverse by-product of the...
Rail Traffic Indicates economy is accelerating albeit at a slow pace
It’s been awhile since I posted on total N. American rail traffic so I thought I’d update it today with the latest information. After a middling month of March rail traffic has again begun to accelerate from April through last week...
McDonald’s Corporation (MCD) News: New Plans, The Mega Potato & McHappy Day
Editor’s Note: Related tickers: McDonald’s Corporation (NYSE:MCD), International Business Machines Corp. (NYSE:IBM), Google Inc (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), The Wendy’s Co (NASDAQ:WEN), Burger King Worldwide Inc...
Why Did the U.K. Slap JPMorgan With a Fine?
Britain’s Financial Conduct Authority (FCA) has fined JPMorgan Chase (NYSE:JPM) 3.08 million pounds ($4.6 million) for failings in its wealth management division, which was unable to prove that it had been giving clients the right...
Twitter reveals 'Twitter Amplify' as its video program, signs up MLB and a slew of other partners
Twitter announced Twitter Amplify this morning, the official name of its program to partner with video creators to embed video directly into the company's social stream. Knowing that a name simply isn't enough to get our blood pumping, the...
Michael Kinsley's Repeated Factual Errors: Why Oh Why Can't We Have a Better Press Corps?
Dan Drezner is sick of trying to reason with Michael Kinsley: Sometimes a factual error is just a factual error: I've spent a rather alarming portion of this week wading into intellectual pissing matches, so I'm loath to respond to...
Here’s Why Ford Is Saying Cheerio to Australia
Ford Motor Co. (NYSE:F) prepares to say “Cheerio” to Australia. Bob Graziano, Ford Australia Chief Executive, announced Thursday the automaker’s decision to shut its two Australian auto plants in October 2016, more than nine...
Kenneth Rogoff Is Smart Today
Here: "Europe’s Lost Keynesians" by Kenneth Rogoff But I don't have time to...
Wary of China, U.S. Steps Into Sprint's Board
SoftBank is readying a plan to allow the U.S. government an unusual level of influence over the operations of Sprint, a concession to ease security concerns raised by the proposed cross-border...
Boeing’s 787 Is Flying to China Again
China has approved Boeing Co.‘s (NYSE:BA) 787 jets for commercial use, which will help the country update its older planes and expand its fleet to meet growing demand for air traffic. Chinese airlines including Hainan Airlines Co....
Is Facebook Out At Home? HTC First Launch Delayed In U.K., France
The bad news continues to roll in for Facebook Home and the HTC First, as TechCrunch reported that U.K. mobile carrier EE and French counterpart Orange both confirmed that they will not roll out the only mobile device to come preloaded with the Android...
Look Out Below, Japanese Black Wednesday Edition
click for updated futures US futures are down following yesterday’s intra-day reversal after the FOMC minutes were released. Nikkei is down 7.3%. Japan’s Topix index tumbled the most since the aftermath of the March...
Is This Saks Talk Threatening Nordstrom?
Private equity firm KKR & Co. (NYSE:KKR) is considering an investment in Saks Inc. (NYSE:SKS) and may seek a merger with Saks’s rival luxury retailer Neiman Marcus Group Inc. Both retailers have been looking to sell. Saks...
The Tortoise and the Hare: Samsung and Apple
When it comes right down to it, Samsung (SSNLF.PK) doesn’t seem able to sell a single model of its smartphones quite as fast as Apple (NASDAQ:AAPL) does. Instead, it might sell a number of models of its smartphones. It’s clear that...
Japan’s mini crash: Blame China, not just Ben
The Nikkei 225 was clearly over-cooked. But just how over-cooked, we found out on Thursday… Continue reading: Japan’s mini crash: Blame China, not just...
Hot Links: Stock Market Seppuku
Stuff I'm Reading this Morning... Major shit-show unfolding in Asia overnight as Chinese data disappoints and the Japanese stock market freaks out. (NYT) Two notable features of the Japanese sell-off. (RiskReversal) Extreme fear has...
Your Hedge Fund Hotels
Courtesy of CNBC.com, here is some valuable information about where the hedge funds are crowded. You can expect exaggerated moves in either direction depending on how the market...
Breaking News, Page 1
Older >2 hours | 12 hours | 24 hours | 30 days
McDonald's Quietly Offers Ohio Hero Free Food For Year
Life is good for this Ohio hero. Just one day after a group of Cleveland restaurants announced plans to give local man Charles Ramsey free burgers for life, McDonald's quietly confirmed that it will offer him free food for a year. Ramsey's...
Box acquires Folders technology with its next-gen iOS app in mind
Box just recently snapped up Crocodoc to improve the web component of its cloud storage, but what about tuning the native apps? It's addressing that side of the equation by acquiring the technology behind Folders, a third-party cloud storage app...
Friday: Durable Goods (and a comment on housing driving the recovery)
Several people have asked me about this article at CNBC by Jeff Cox: Why Housing Won't Drive the Recovery Despite data points that in some cases are at multiyear highs, Robert Shiller, Karl Case and David Blitzer believe there are multiple...
The Fed Has Painted Itself in a Corner
Bernanke managed to shoot global markets in the head the day before yesterday, and then, as has become typical when investors throw brickbats at what the Fed has said, various mouthpieces go about talking the markets back up (this case, in the form of...
Wary of China, U.S. Steps Into Sprint's Board
SoftBank is readying a plan to allow the U.S. government an unusual level of influence over the operations of Sprint, a concession to ease security concerns raised by the proposed cross-border...
Apple Inc. (AAPL): A Killer Update That Deserves A Mention
What is the deal with the bonds that Apple Inc. (NASDAQ:AAPL) has auctioned off? Like many, you are probably wondering how the process unfolded and where things are headed moving forward. We recently touched on this story, stating that Apple “set...
Elementary, My Dear Watanabe-san (Somewhat Wonkish)
Why Did the U.K. Slap JPMorgan With a Fine?
Britain’s Financial Conduct Authority (FCA) has fined JPMorgan Chase (NYSE:JPM) 3.08 million pounds ($4.6 million) for failings in its wealth management division, which was unable to prove that it had been giving clients the right...
Barnes & Noble's Nook to Get Google Play App Store
Filed under: Technology, Google, Barnes & Noble, Consumer Goods, Mobile TechnologyJae C. Hong/AP By MAE ANDERSON NEW YORK -- Barnes & Noble is teaming up with Google to vastly increase the number of apps available on its Nook HD...
Japan’s mini crash: Blame China, not just Ben
The Nikkei 225 was clearly over-cooked. But just how over-cooked, we found out on Thursday… Continue reading: Japan’s mini crash: Blame China, not just...
Is This Saks Talk Threatening Nordstrom?
Private equity firm KKR & Co. (NYSE:KKR) is considering an investment in Saks Inc. (NYSE:SKS) and may seek a merger with Saks’s rival luxury retailer Neiman Marcus Group Inc. Both retailers have been looking to sell. Saks...
The Tortoise and the Hare: Samsung and Apple
When it comes right down to it, Samsung (SSNLF.PK) doesn’t seem able to sell a single model of its smartphones quite as fast as Apple (NASDAQ:AAPL) does. Instead, it might sell a number of models of its smartphones. It’s clear that...
Breaking: Bloomberg News Used Its Private Data to Spy on Geithner and Bernanke
CNBC's Steve Liesman reports that Bloomberg reporters used private log-in data to spy on the activities of Fed Chairman Ben Bernanke and Treasury Secretary Tim Geithner. Liesman reports: CNBC has learned from a former Bloomberg employee that he...
Analyst: Expect Higher iPhone Sales in June
Is Apple (NASDAQ:AAPL) about to surprise analysts with better than expected June quarter results? According to Barron’s, Morgan Stanley (NYSE:MS) analyst Katy Huberty is predicting sales of 31 million iPhones in this quarter, which is higher than...
Bizarro World
(1) Hedge fund manager supports minting of the trillion dollar coin (I think he’s advocating two of them or more). (2) The IRS should be abolished. (3) Homeland Security clamping down on Bitcoin. This, like the Health Care Law, is yet another...
U.S. Stocks Temper Global Rout
Stocks in the U.S. moderated losses, bucking a global selloff that began with a 7.3% plunge in Japan's stock...
REPORT: Three Members Of Steve Cohen's 'Inner Circle' Got Slapped With Subpoenas
The Wall Street Journal is reporting that three senior SAC Capital executives received subpoenas as part of the insider trading investigation of the hedge fund. Those who received subpoenas were Thomas Conheeney, SAC's president; Steven...
Government-Enforced Pre-Paid Medical Plans
What she said The banning of catastrophic-only plans infuriates me the most. Those are the only plans that are actually financially sensible for a healthy individual to purchase. Everything else on the market is a perverse by-product of the...
Renewable Energy is Merely Another Front in the Culture Wars Now
Over at ClimateProgress, Ryan Koronowski reports on a study that showed liberals and conservatives were about equally likely to buy an energy efficient CFL light bulb if it cost the same as an old-school bulb: But slap a message on the...
McDonald’s Corporation (MCD) News: New Plans, The Mega Potato & McHappy Day
Editor’s Note: Related tickers: McDonald’s Corporation (NYSE:MCD), International Business Machines Corp. (NYSE:IBM), Google Inc (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), The Wendy’s Co (NASDAQ:WEN), Burger King Worldwide Inc...