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  • Lockheed to close facilities, cut 4K workers  [View news story]
    For those of your counting, that will be a total of 34,000 jobs cut by LM since 2008. And they are not done by a long shot.
    Nov 14, 2013. 11:04 AM | Likes Like |Link to Comment
  • Taper still on table this year as Fed considers new guidance  [View news story]
    So for those of you stupid enough to be saving your money, count on continuing to get screwed.
    Sep 24, 2013. 08:20 AM | Likes Like |Link to Comment
  • Fed surprises with no taper announcement  [View news story]
    They. Can't. Stop. Themselves. And the market goes wild!! Agree fundamentals probably provide some excuse but the tampering has to happen sooner or later, better to start getting it over with. It does have to stop sometime right?
    Sep 18, 2013. 02:43 PM | 2 Likes Like |Link to Comment
  • August Nonfarm Payrolls misses estimates  [View news story]
    The question is not how much worse would it have been without QE, the question is why is it not better? How much worse cannot be quantified, where the economy is now can be and it is not good.
    Sep 6, 2013. 12:49 PM | 1 Like Like |Link to Comment
  • Disney (DIS) could lose $100M on The Lone Ranger if holiday weekend sales are as weak as some estimates, according to Cowen & Co. The expensive film is having a tough time getting out of the gate with early reviews tipping toward the negative side amid tough competition from family movies Despicable Me 2 and Monsters University. (Reviews: The Hollywood Reporter says it "wobbles and thrashes all over the place" - while The New York Post calls it a "bloated, misshapen mess.")  [View news story]
    The critics didn't like Superman either before it came out but it made $125 million domestically the opening weekend and over $200 million world wide. Well on it's way to making around $400 million which will turn a nice profit. Sometimes the movie going public just don't give a damn what the critics say.
    Jul 2, 2013. 01:10 PM | Likes Like |Link to Comment
  • Steve Ballmer (MSFT +0.3%) has been working with only "a small group" of direct reports and board members on his restructuring plan, Kara Swisher reports. That naturally has many senior execs left out of the process on edge. Many expect Ballmer to start revealing his plans internally by month's end. One source: "It feels like it is going to be titanic — that Steve is doing this change for his legacy ... And it’s the first time in a long time that it feels like that there will be some major shifts, including some departures."  [View news story]
    More like rearranging the deck chairs. If Ballmer is staying, MSFT is not going to turn around.
    Jun 24, 2013. 01:02 PM | Likes Like |Link to Comment
  • Why all the analyst love for Best Buy (BBY +2.5%)? Shares of the retailer have almost doubled since the start of the year as one investment after another turns bullish (Credit Suisse, JPMorgan, Goldman Sachs). The common theme is that a strong management team can lead another round of cost cutting and squeeze more profits out of online and mobile channels.  [View news story]
    You can only layoff so many employees and close so many stores to cut cost. After a while you have to sell enough product. It is unlikely BB can compete on-line with Amazon.
    Mar 20, 2013. 09:54 AM | Likes Like |Link to Comment
  • Anheuser-Busch InBev (BUD -1.1%) plans to continue to heavily advertise its new Budweiser Black Crown and Beck's Sapphire beers after the products were introduced during Super Bowl promotions. In a climate of slipping beer consumption globally, A-B is trying to tap into consumer preferences toward heavier and more craft-like brews.  [View news story]
    Maybe they should just go back to using the better ingredients they stopped using in their products. You can call it Becks if you want but it is still Bud in a Becks bottle.
    Feb 6, 2013. 10:53 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -23K to 369K vs. 372K consensus, 392K prior (revised). Continuing claims -2K to 3.25M[View news story]
    Right, that is a big upward revision for last week which was already a lot higher than the previous week. This week's number will no doubt be revised up also. Still lousy employment picture with a lot of firms going to increase layoffs the rest of the year if the earnings reports are any indication. By end of 2012, unemployment is going to look even worse than it does now.
    Oct 25, 2012. 08:51 AM | 3 Likes Like |Link to Comment
  • Why Apple Doesn't Care About Its Competition  [View article]
    I suppose in all the comments numerous people pointed out the problem with the iPad mini which Felix pointed out without apparently realizing it. Yes it is in between the iPod Touch and the iPad. Which means customers who would have bought one or the other will buy the mini. Apple will sell the mini by cannibalizing sales of the other 2 products. It doesn't mean it won't be successful, it just means that I doubt someone who was going to buy the Kindel Fire HD will instead buy the mini.
    Oct 25, 2012. 07:21 AM | Likes Like |Link to Comment
  • Initial Jobless Claims: -30K to 339K vs. 370K consensus. Continuing claims -15K to 3.28M[View news story]
    Would really like to know which state. If it is Illinois, that is going to look really bad. If it's some other state, then who knows.
    Oct 11, 2012. 09:01 AM | 1 Like Like |Link to Comment
  • September Nonfarm Payrolls: +114K vs. consensus +115K, +142K previous (revised from 96K). Unemployment rate 7.8% vs. consensus 8.2%, 8.1% previous.  [View news story]
    Unemployment over 8% for 43 consecutive months and in the last employment report before the election it suddenly drops below 8%. Even though this is the result of a few hundred thousand people dropping out of the labor force, this is going to look like it's political.
    Oct 5, 2012. 08:44 AM | 5 Likes Like |Link to Comment
  • The 3 Scariest Government Charts  [View article]
    No argument with your charts and yes the situation will drive us to ruin if something is not done. However, if someone had put these same charts together 20 years ago, using historical data and projecting out, it's doubtful they would show what we have actually seen in the last 5 years. The longer out you project, the more likely it is it won't be accurate due to all the things we can't forsee. At some point more households will have to start paying taxes and entitlements will have to be reformed to save money. That will have to happen because we can't continue otherwise. In other words what must happen will. Unless this country just turns that stupid. Any bets?
    Oct 3, 2012. 09:55 AM | 12 Likes Like |Link to Comment
  • There's no buy the rumor, sell the news action today as stocks soar following Draghi's expected official announcement of a new ECB bond purchase program. Less noticed, but also of great interest was a big beat from the ADP jobs report. S&P 500 +1.3%, Germany's Dax +2.5%, Spain's IBEX 35 +3.9%, Italy's MIB +3.9%[View news story]
    Once it really hits just how many billions of euros in bonds the ECB will have to buy and it still won't solve the problems for Spain and Italy, look for the train to run off the track.
    Sep 6, 2012. 12:35 PM | 1 Like Like |Link to Comment
  • Initial Jobless Claims: 374K vs. 370K consensus, 374K prior revised (prior week 372K). Continuing claims +9K at 3.32M[View news story]
    If you really, fervently, deeply want to believe there is no recession then you can find data that will validate that belief. However, in just about any other time in this country's history, we would be considered to be in a recession. 8.3% unemployment, record setting number of people out of work for an extended period, millions of homes foreclosed, 1.7% growth (and that's considered a good number) not to mention 3 straight years of trillion dollar plus budget deficits (why if there is no recession are we running such large deficits). Good help us if we actually have a recession then.
    Aug 30, 2012. 09:04 AM | 9 Likes Like |Link to Comment