Paris Air Show: United Tech (UTX) unit Pratt & Whitney wins order for 200 engines from International Lease Finance to power Embraer's E-Jets E2 planes, for 100 engines from Norwegian Air Shuttle for Airbus A320 aircraft, and for 60 engines from Air Lease Corp for A320/A321 jets. P&W now has over 4,500 orders and commitments. [View news story]
How do you just buy an engine....it must be an option on these planes....like Sirius radio or something????? LOL
Brazil (EWZ, BRF) has to be nearing a bottom. After a couple of years of struggles for both the economy and the Bovespa, the eulogies are beginning to be written for the planet's next great country, lately been beset by waves of protests and evaporating support for President Rousseff. "The golden days are over, the feel-good factor is lost," says an economics professor. "It was a short-lived dream," says a struggling electrician. [View news story]
On the other hand they assumed the gravy train was always going to be there so they signed up for the World Cup and the Olympics....both big cash drains....then the market turned...I think they are going to be short the cash to do the Olympics.....and it will hurt them in thel ong term....
Obama "essentially fired Ben Bernanke on the spot," says ex-Fed Governor Larry Meyer, commenting on the President's remarks during an interview yesterday (he's stayed a lot longer than he was supposed to). Meyer also notes the "tepid" testimonial from the President following that line. "It's time to really now focus on who the next chairman might be." [View news story]
I would never take the job at this stage..you are set up for failure....big failure...how are you going to unwind what you own...you can´t....and all you can do is blow more bubbles...
In a blog post announcing a partial recall of Model S vehicles, Tesla Motors (TSLA) CEO Elon Musk notes the automaker hasn't received a single customer complaint on the issue of a potentially-weak mounting bracket. Maintaining its sense of style, the company will arrange to have recalled vehicles picked up from its owners to be fixed. TSLA -2.0% premarket to $101.30. [View news story]
and how would an owner know about a motor mount?????
Brazil (EWZ, BRF) has to be nearing a bottom. After a couple of years of struggles for both the economy and the Bovespa, the eulogies are beginning to be written for the planet's next great country, lately been beset by waves of protests and evaporating support for President Rousseff. "The golden days are over, the feel-good factor is lost," says an economics professor. "It was a short-lived dream," says a struggling electrician. [View news story]
When I was down there 10 years ago...real estate was booming...going thru the roof...a bubble they were creating..and now they have loans and are maxed out....with car and home loans....welcome to the bubble...
Danish shipper A.P. Moller-Maersk (AMKAF.PK) says the world’s three biggest shipping container operators have entered an alliance to reduce fuel consumption and improve service and operations. The P3 alliance, which also includes MSC Mediterranean Shipping and CMA, will operate a capacity of 2.6M containers between Asia and Europe, across the Pacific and Atlantic oceans. [View news story]
We used to call it price fixing....now its fuel savings..lol
Gold (GLD, IAU) bulls may take comfort as Dennis Gartman jumps on the bearish bandwagon, calling the metal an "aging athlete" and "a broken commodity." The man who loved "stuff that hurts when you drop it on your foot" 2 years ago says the price is headed to $1K if $1.2K support is broken. HSBC's James Steel disagrees, seeing strong physical demand lifting the price to $1.6K in H2 and $2K in the longer term. [View news story]
he is always after the trend.....he buys the day after it goes up..and sells the day after it drops....always on the right side of the trade...so he says...
Oracle (ORCL) has the potential to support a quarterly dividend at least twice as high as its current $0.06/share (0.7% yield), argues RBC's Matthew Hedberg. Hedberg points out Oracle, whose board will be free to consider a hike in August, only paid out 9% of its free cash flow in FY12, 1/3 of a peer group average of 27%. On the other hand, buybacks consumed 45% of free cash flow, a little above the peer group's 41%. Meanwhile, Jefferies' Ross MacMillan foresees Oracle reporting an in-line FQ4 on Thursday, with FQ3 order push-outs and a server refresh offsetting IT spending weakness. (Goldman) [View news story]
But there are now over 100 HFT´s that will have the info before hand and putting in selling or buying orders for thousands of stocks....we don´t have a market anymore...its a rigged casino game now...right now...get out while you can...
Familiar refrain from across the pond: The extent of Slovenia's economic problems may have been underestimated as "the macro backdrop is getting worse than expected," one analyst tells Reuters. It now appears as though a European Commission-mandated audit may delay the transfer of billions in NPLs to a state-run bad bank. Some — like the country's central bank — believe the problem loans on banks' books may be more than double current estimates. [View news story]
Bankers lying again..say it ain´t so ...lol....another trillion here more or less....I wonder if they have a public TV station they can shut down too...then reopen after a few riots....lol...
Decreased government defense spending will hit Lockheed Martin's (LMT +0.9%) sales to the tune of 6% this year S&P (A-minus) says, but thanks to "solid cash generation, strong liquidity," and prudent capital allocation, the ratings agency raises its outlook on LMT to Stable from Negative. [View news story]
Deutsche Bank (DB) is leading a wave of big banks ramping up exposure to single-family housing by extending credit to Wall Street firms so they can buy up homes to turn them into rentals. The bank reportedly just lent another $1.5B to Blackstone (BX) after an earlier $2.1B line got used up. Wayne Hughes' American Homes 4 Rent has as much as a $1B line from Wells Fargo (WFC), and SilverBay Realty (SBY) just inked a $200M facility from Bank of America (BAC) and JPMorgan (JPM). [View news story]
This will end up being a bad investment....I don´t think its going to work out
Argentina's YPFwill join Venezuela's offshore Deltana Platform natural gas project along with state oil company PDVSA and Chevron (CVX), Venezuela's oil minister says. Deltana is intended to extract and export natural gas from fields believed to hold some 7T cu. ft. Details on the size of YPF's stake are not revealed, but a portion of Deltana gas will be exported to Argentina. [View news story]
Europeans have long been skeptical of genetically modified crops, but urine tests from city dwellers in 18 European countries found traces of the potentially dangerous herbicide glyphosate, better known as Roundup (MON +1.4%), in 44% of samples. Even with few GMO crops grown in Europe, Roundup is used - "overused," critics say - for weed control in agriculture and in public spaces. [View news story]
This is great..you can pee in your back yard and kill dandelions at the same time....
Abenomics and the direction of the yen get a lot of attention, says fund manager Rajiv Jain, but don't forget how dependent businesses are on China. He's having a hard time finding Japanese firms with sustainable growth. "These are some phenomenal companies there, but (we've found) better opportunities elsewhere." Artisian's Mark Yockey goes further: "Desperate people do desperate things, and Japan is in a desperate situation." [View news story]
And we are in a domino world...if one falls ...it starts a cascade...
Paris Air Show: United Tech (UTX) unit Pratt & Whitney wins order for 200 engines from International Lease Finance to power Embraer's E-Jets E2 planes, for 100 engines from Norwegian Air Shuttle for Airbus A320 aircraft, and for 60 engines from Air Lease Corp for A320/A321 jets. P&W now has over 4,500 orders and commitments. [View news story]
Brazil (EWZ, BRF) has to be nearing a bottom. After a couple of years of struggles for both the economy and the Bovespa, the eulogies are beginning to be written for the planet's next great country, lately been beset by waves of protests and evaporating support for President Rousseff. "The golden days are over, the feel-good factor is lost," says an economics professor. "It was a short-lived dream," says a struggling electrician.
[View news story]
Obama "essentially fired Ben Bernanke on the spot," says ex-Fed Governor Larry Meyer, commenting on the President's remarks during an interview yesterday (he's stayed a lot longer than he was supposed to). Meyer also notes the "tepid" testimonial from the President following that line. "It's time to really now focus on who the next chairman might be." [View news story]
In a blog post announcing a partial recall of Model S vehicles, Tesla Motors (TSLA) CEO Elon Musk notes the automaker hasn't received a single customer complaint on the issue of a potentially-weak mounting bracket. Maintaining its sense of style, the company will arrange to have recalled vehicles picked up from its owners to be fixed. TSLA -2.0% premarket to $101.30. [View news story]
Brazil (EWZ, BRF) has to be nearing a bottom. After a couple of years of struggles for both the economy and the Bovespa, the eulogies are beginning to be written for the planet's next great country, lately been beset by waves of protests and evaporating support for President Rousseff. "The golden days are over, the feel-good factor is lost," says an economics professor. "It was a short-lived dream," says a struggling electrician.
[View news story]
Danish shipper A.P. Moller-Maersk (AMKAF.PK) says the world’s three biggest shipping container operators have entered an alliance to reduce fuel consumption and improve service and operations. The P3 alliance, which also includes MSC Mediterranean Shipping and CMA, will operate a capacity of 2.6M containers between Asia and Europe, across the Pacific and Atlantic oceans. [View news story]
Gold (GLD, IAU) bulls may take comfort as Dennis Gartman jumps on the bearish bandwagon, calling the metal an "aging athlete" and "a broken commodity." The man who loved "stuff that hurts when you drop it on your foot" 2 years ago says the price is headed to $1K if $1.2K support is broken. HSBC's James Steel disagrees, seeing strong physical demand lifting the price to $1.6K in H2 and $2K in the longer term. [View news story]
Oracle (ORCL) has the potential to support a quarterly dividend at least twice as high as its current $0.06/share (0.7% yield), argues RBC's Matthew Hedberg. Hedberg points out Oracle, whose board will be free to consider a hike in August, only paid out 9% of its free cash flow in FY12, 1/3 of a peer group average of 27%. On the other hand, buybacks consumed 45% of free cash flow, a little above the peer group's 41%. Meanwhile, Jefferies' Ross MacMillan foresees Oracle reporting an in-line FQ4 on Thursday, with FQ3 order push-outs and a server refresh offsetting IT spending weakness. (Goldman) [View news story]
Familiar refrain from across the pond: The extent of Slovenia's economic problems may have been underestimated as "the macro backdrop is getting worse than expected," one analyst tells Reuters. It now appears as though a European Commission-mandated audit may delay the transfer of billions in NPLs to a state-run bad bank. Some — like the country's central bank — believe the problem loans on banks' books may be more than double current estimates. [View news story]
Decreased government defense spending will hit Lockheed Martin's (LMT +0.9%) sales to the tune of 6% this year S&P (A-minus) says, but thanks to "solid cash generation, strong liquidity," and prudent capital allocation, the ratings agency raises its outlook on LMT to Stable from Negative. [View news story]
Deutsche Bank (DB) is leading a wave of big banks ramping up exposure to single-family housing by extending credit to Wall Street firms so they can buy up homes to turn them into rentals. The bank reportedly just lent another $1.5B to Blackstone (BX) after an earlier $2.1B line got used up. Wayne Hughes' American Homes 4 Rent has as much as a $1B line from Wells Fargo (WFC), and SilverBay Realty (SBY) just inked a $200M facility from Bank of America (BAC) and JPMorgan (JPM). [View news story]
June Empire State Survey: Manufacturing +7.84 vs. +0.50 expected, +1.43 prior. [View news story]
Argentina's YPF will join Venezuela's offshore Deltana Platform natural gas project along with state oil company PDVSA and Chevron (CVX), Venezuela's oil minister says. Deltana is intended to extract and export natural gas from fields believed to hold some 7T cu. ft. Details on the size of YPF's stake are not revealed, but a portion of Deltana gas will be exported to Argentina. [View news story]
Europeans have long been skeptical of genetically modified crops, but urine tests from city dwellers in 18 European countries found traces of the potentially dangerous herbicide glyphosate, better known as Roundup (MON +1.4%), in 44% of samples. Even with few GMO crops grown in Europe, Roundup is used - "overused," critics say - for weed control in agriculture and in public spaces. [View news story]
Abenomics and the direction of the yen get a lot of attention, says fund manager Rajiv Jain, but don't forget how dependent businesses are on China. He's having a hard time finding Japanese firms with sustainable growth. "These are some phenomenal companies there, but (we've found) better opportunities elsewhere." Artisian's Mark Yockey goes further: "Desperate people do desperate things, and Japan is in a desperate situation." [View news story]