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  • Detroit, retirees agree to deal over benefits [View news story]
    Politicians, especially DEMs, lied when they bribed voters for votes with the voters own money.

    Will the voters learn, and make smarter choices in the future? History suggests not.
    Apr 27 12:43 PM | 1 Like Like |Link to Comment
  • With the euro plunging, the HAL 9000 takes over, knocking European shares off of their highs of the day and into the red. Stoxx 50 -0.2%, led by Germany -0.5%. The euro takes out $1.30, now buying $1.2997.  [View news story]
    In this economy, it's nice to see that HAL found work.
    Dec 28 11:34 AM | 1 Like Like |Link to Comment
  • RIMM: like Apple 12 years ago... seriously? "The similarities between the two companies are striking," Whopper Investments says, calling it a "powerball idea." At current prices - trading for a discount to its assets despite its franchise potential - RIM offers "huge upside potential, and downside could be limited by all of their assets."  [View news story]
    No Steve Job-like character at RIMM, ergo, no comparison.

    RIMM needs to reinvent itself or it'll go the way of the dodo.
    Dec 22 11:18 PM | 1 Like Like |Link to Comment
  • Jamie Dimon joins billionaires to defend themselves and the 1% against "acting like everyone who’s been successful is bad and because you’re rich you’re bad." Josh Brown's retort: "No, we don't hate the rich. What we hate are the predators... America hates unjustified privilege, it hates an unfair playing field and crony capitalism... it hates rule changes that benefit the few at the expense of the many."  [View news story]
    Breaking up the BigBanks (the 'too big to fails') and separating investment banking from commercial banking will be steps in the right direction to help abate their sins from the recent past.
    Dec 20 11:00 PM | 4 Likes Like |Link to Comment
  • Honda (HMC) says it's revamping its Civic sedan after less than a year on the market, as part of a plan to boost its U.S. sales by 24% in 2012. Sales tanked 13% this year, for what the company considers a key brand, after the car was blasted by critics for its noisy, choppy ride. The company tentatively plans to unveil an upgraded version of its 2013 model by late next year.  [View news story]
    Nice move by HMC - when there's a problem with the product, revamp as necessary to make it a better fit with consumers.

    Other companies could learn from HMC's actions.
    Dec 20 10:42 PM | 1 Like Like |Link to Comment
  • AT&T (T) ends its bid to acquire T-Mobile (DTEGY.PK), taking a $4B Q4 charge for "break-up considerations." The two plan to enter a "mutually beneficial roaming agreement." T shares -0.5% AH, but Sprint (S) - which would have been relegated to a junior league carrier if the deal went through - shoots higher, +8.8%. (PR)  [View news story]
    This is a victory for consumers
    Dec 19 07:56 PM | 2 Likes Like |Link to Comment
  • Interesting factoid: Brian Hall crunches the numbers to compute that Research In Motion's (RIMM -1.4%) valuation now sits below a fair estimate for the worth of the Apple (AAPL +0.7%) App Store all by itself, $7.04B vs. $7.08B. [View news story]
    AAPL has growth and a future
    Dec 19 10:50 AM | 1 Like Like |Link to Comment
  • Listen closely and one could almost hear "I told you so" coming from the wings of the European crisis. Ridiculed in her time for opposing the EU, Margaret Thatcher's ideas are of continued import as the periphery goes bust and Brussels reacts to the problems of centralization by centralizing even more, writes Charles Moore. "The day of the artificially constructed megastate is gone," she said just after leaving office. Now, like then, few in Europe are paying attention.  [View news story]
    The EU can't handle the truth.
    Dec 17 09:31 PM | 2 Likes Like |Link to Comment
  • Not supposed to happen this way - after making its first prints above $11, Zynga (ZNGA) dives down below its $10 IPO price, hitting $9.76.  [View news story]
    Flippers took the 10% gap and left skid-marks.
    Dec 16 11:24 AM | 1 Like Like |Link to Comment
  • The problems in Europe are closer to your wallet than you think, says David Weidner. In just six months, our personal wealth has gone from having an indirect connection to Europe to being held hostage. We're already seeing tighter U.S. credit and less liquidity for stocks and bonds due to the crisis. To make matters worse, banks are starving for cash reserves, meaning they’re unlikely to lend more, or, as you may have noticed - pay out interest on your deposit accounts.  [View news story]
    I think we have the Fed to thank for the obscenely low interest rates the banks are paying. This has been the case for years while the EU situation has been getting more pervasive (especially in the media) over the last year. The world will continue to function after the collapse of the Socialist EU - get it over with!
    Dec 13 07:57 PM | 2 Likes Like |Link to Comment
  • You can't even buy the stock yet, but Sterne Agee wastes no time in slapping a Sell label on Zynga ahead of the company's massive IPO on Thursday. The social network game maker faces slowing revenue growth and depends too much on Facebook: "Zynga’s growth is slowing even faster than what is obvious at first. Its margins are under pressure, and free cash flow has been declining."  [View news story]
    One day 1, the biggest $ on the IPO will be made by the flippers who dump into retail buying imo.
    Dec 13 07:53 PM | 2 Likes Like |Link to Comment
  • 2011 is shaping up to be the first year since 1988 in which Detroit's "Big 3" automakers increased their U.S. share. According to Autodata, GM, Ford (F), and Chrysler (FIATY.PK) accounted for 47.2% of U.S. auto sales through November, up from 45.1% last year. The effects of Japan's earthquake/tsunami played a role, but so did the popularity of new, fuel-efficient cars such as the Chevy Cruze and Ford Fiesta.  [View news story]
    The people will buy whichever product they perceive to have the best value. It's good to see that US auto mfrs CAN compete!
    Dec 12 10:04 PM | 2 Likes Like |Link to Comment
  • The Illinois House easily approves a package of cherry-picked tax breaks aimed at keeping Sears (SHLD), CME and CBOE from leaving the state. The tax code would be revised for CME and CBOE so that just 27.54% of their electronic trades will be taxable in Illinois. The state's senate is expected to take up the bill tomorrow. (previous)  [View news story]
    The fact that the politically-favored receive tax-relief is clear proof that IL taxes are unrealistically too high so as to be economically-crippling to business.

    These companies should move to business-friendly states thereby sending a clear message to the IL legislature that their hostile policies are a path to ruin.
    Dec 12 07:48 PM | 1 Like Like |Link to Comment
  • John Hussman doesn't buy Sarkozy's Friday claim that easier ECB lending will allow banks to funnel funds into sovereign paper. He calls such a move a disaster that would increase leverage ratios even more, and cause bank funding to dry up as all would now be junior to the ECB. "This is a solvency issue - a shortfall between money owed and the resources to credibly repay it. There is no ... trick to get around it."  [View news story]
    Of COURSE it's a 'solvency issue!' The non-viable, Socialist EU is an insolvent failure!

    What's amazing is that anyone bought the spin that it was a 'liquidity issue!'
    Dec 12 01:17 PM | 1 Like Like |Link to Comment
  • With people living longer and municipalities struggling to pay pension bills, critics question whether early retirement packages for public workers are sustainable. CNBC highlights one who will receive $174K/year after retiring at 59. Defenders argue that attractive pensions help draw in and keep people in vital jobs.  [View news story]
    The truth is (and I'm sorry to have to say it) Public Unions have devolved into parasites on the productive Middle Class, pure and simple :/
    Dec 11 10:45 PM | 8 Likes Like |Link to Comment