May 24, 2013, 7:50 am
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Older >Gundlach: 'We Own Apple'
NEW YORK (TheStreet) -- Apple finally has a friend in Jeffrey Gundlach. In an interview Thursday with TheStreet at DoubleLine Capital's Los Angeles headquarters, Gundlach said that the investment firm actually owns Apple in its equity...
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...
Chevy Cruze: America’s First Diesel Compact Has Landed
Hitting showrooms now is Chevrolet’s (NYSE:GM) latest compact varient, the Cruze diesel. While the company has been busy juggling the spotlight on its recently price electric Spark, the new Cruze has slipped somewhat under the radar and landed...
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...
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Jon Jacobson's Sohn Conference Presentation: Short Digital Realty Trust (DLR)
We're posting up notes from the Ira Sohn Conference 2013 in New York. Next up is a summary of the presentation from Jonathon Jacobson of Highfields Capital. He presented "The Illusion of Yield." His pitched...
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...
Nokia pits the Lumia 928 against the iPhone 5 and Galaxy S III in low-light video shootout
Now that the Lumia 928's mere existence is official, Nokia's posted a video comparing its footage-shooting chops against the iPhone 5 and Galaxy S III in low-light conditions. Naturally, the folks in Espoo are showcasing just what PureView...
Greenlight Capital Q1 2013 Letter: Yen Winner, Ballmer Looser
Greenlight Capital Q1 2013 letter to shareholders is out. Earlier today, Sam Forgione of Reuters had a short summary on the Greenlight Capital Q1 2013 letter. Greenlight Capital is up 5.8 percent net for Q1. Returns in April were hurt by...
Here's The Real Reason People Bash Bernanke And Keynes When They're On Stage At Conferences
The financial conference circuit has been a noisy place lately. Just over a week ago there was historian Niall Ferguson claiming that because John Maynard Keynes childless and gay, it was only logical that his thinking was short-term. And then last week,...
Apple Inc. (AAPL) Doesn’t Need To Do More About iPhone Thefts
Apple Inc. (NASDAQ:AAPL) is incredibly protective of its user base. It only wants its users to install applications from its own store on its devices, and it wants user experience across its devices to be as controlled and smooth as possible. In an...
Pentagon to Allow Apple, Samsung Devices
The Department of Defense is expected in coming weeks to grant two separate, security approvals for Samsung's Galaxy smartphones, along with iPhones and iPads running Apple's latest operating...
President Obama nominates Tom Wheeler as next FCC Chairman
Not that there was much doubt after yesterday, but President Obama has just officially nominated Tom Wheeler to be the next Chairman of the FCC. In a statement, outgoing Chairman Julius Genachowski says that he has known Wheeler personally and...
Fed Maps Exit From Stimulus
Fed officials have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program meant to spur the economy—an effort to preserve flexibility and manage highly unpredictable market...
Whitney Tilson's Monster Presentation On AIG, Netflix And Two Brand New Stock Picks
Hedge fund manager Whitney Tilson, who now runs Kase Capital, gave two new stock picks at the Value Investing Congress in Las Vegas this week. Tilson, the co-founder of the Value Investing Congress, likes Hertz and Spark Networks, the parent...
Nearly 75% Of All Smartphones Sold In Q1 Were Android, With Samsung At 30%; Mobile Sales Overall Nearly Flat: Gartner
Gartner has just released its Q1 figures for mobile handset sales, and the key takeaway is that Android continues to steal the show, led by handset maker Samsung. Google’s mobile platform now accounts for nearly 75% of all handset sales, a jump...
Facebook Arrives On Google Glass Thanks To Unofficial Photo Sharing App
As the days go by and developers get their hands on Glass, the basic apps that we need to survive in the wild and share our photos are popping up. Today, Glass To Facebook is available for those who want to post the moments captured with Glass to the...
Economic Growth Stays Soft Q1 GDP = 2.5%
Economic Growth Stays Soft The ongoing corruption of Murdoch-run WSJ continues apace — If you just skimmed the headline, you might think the economy was in trouble. I doubt anyone’s response to a headline that stated...
ECB Eases as Downturn in Europe Spreads
President Mario Draghi said that the bank may be able to ease its monetary policy still further even after cutting its benchmark lending rate to a new low of...
Does This Steve Jobs Legacy Hold Apple’s Answer?
There has been much speculation recently about whether the death of Apple (NASDAQ:AAPL) co-founder Steve Jobs not only marked the demise of the company’s creative genius, but also its ability to innovate. Because competitors are slowly...
Hewlett-Packard Company (HPQ): Will the Dow Jones Industrial Average (.DJI)’s Pause Refresh Bullish Investors?
Today’s news from the financial markets was mixed regarding the U.S. economic outlook, with rising confidence levels from homebuilders inching closer to outright optimism. Moreover, prices at the wholesale level posted another sharp drop in...