More on housing starts: The big print for permits suggests a pickup in starts for August, writes Bloomberg's Joe Brusuelas, but new home sales remain 48% below their long-term average. They'll need to pick up to "absorb those permits." [View news story]
Is there any data that tracts the permits for custom built vs spec homes ??
Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush Limbaugh show after the radio host called a woman a "slut" on the air didn't pay off for shareholders. CARB's Q2 results missed growth targets and its stock price fell 15%. Friend says that while he stands by the decision, the move caused "a bigger hole in our revenue than we thought." [View news story]
Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush Limbaugh show after the radio host called a woman a "slut" on the air didn't pay off for shareholders. CARB's Q2 results missed growth targets and its stock price fell 15%. Friend says that while he stands by the decision, the move caused "a bigger hole in our revenue than we thought." [View news story]
Im with you, I think Limbaugh is great. Politically correct dialogue makes me want to puke. Its one of the few media outlets that tells it like it is. I also like seeing the conservatives using the wallets to show support.
Allied Nevada Gold (ANV): Q2 EPS of $0.07 misses by $0.13. Revenue of $33.7M (+0.3% Y/Y) misses by $31M. (PR) [View news story]
Right or wrong, opening a new mine of anykind is a monumental task in the US. The rules are everchanging and ever complex, and never ending - not to even mention the liability. It is a HUGE risk. The end result is most mining firms try to squeeze the last drop of goody from existing operations. Over time the quality drops.
Most recent earthquakes in North Texas happened close to injection wells used to dispose of wastewater from oil and gas drilling in the region, and they're happening more frequently, according to new research. "You can't prove that any one earthquake was caused by an injection well," the top researcher says, "but it's obvious that wells are enhancing the probability that earthquakes will occur." [View news story]
Quakes are caused by pressure increasing over time. The longer the time, the pressure will build until cracks. Fracking reduces pressure building up so its preventing larger quakes. If anything fracking MAY cause some cracking of rock, that if under pressure could result in a small quake. Still preferable to letting it build into a large one.
Most recent earthquakes in North Texas happened close to injection wells used to dispose of wastewater from oil and gas drilling in the region, and they're happening more frequently, according to new research. "You can't prove that any one earthquake was caused by an injection well," the top researcher says, "but it's obvious that wells are enhancing the probability that earthquakes will occur." [View news story]
Lets see, earthquakes are caused by the build up of pressure. Drilling and the release of gas/fluids reduces pressure. Hard to see the correlation.
According to an economic barometer called the Money Market Index, the recent rally in the Dow over the past three trading sessions has been "totally irrational," says the index's chief researcher Dan Geller. The rally, mostly due to the release of Friday's monthly jobs report, shows that the enthusiasm has been mispaced due to the simple fact that a large portion of the 163K new jobs reported are only temporary, and likely to vanish soon. The move "has no economic merit," Geller insists. [View news story]
This is not your fathers market. Instant news,communication,tra... has the market sending signals we dont know how to interpret. World events have become daily so many" trends" dont behave rationally.
"The content that was once printed for distribution or portability is now simply being distributed or shared electronically," writes Deutsche's Chris Whitmore, summing up the long-term threat the printing industry is staring at. Whitmore estimates top vendors, including H-P (HPQ), Lexmark (LXK), and Xerox (XRX), have seen their sales fall at a 6% annual clip over the last 10 quarters. The depressed valuations assigned to the group show Whitmore is far from alone in being this pessimistic. [View news story]
I agree, still think there is a fair amount of consolidation to occur. Dividends with a somewhat secure cash flow is the way to go.
"The content that was once printed for distribution or portability is now simply being distributed or shared electronically," writes Deutsche's Chris Whitmore, summing up the long-term threat the printing industry is staring at. Whitmore estimates top vendors, including H-P (HPQ), Lexmark (LXK), and Xerox (XRX), have seen their sales fall at a 6% annual clip over the last 10 quarters. The depressed valuations assigned to the group show Whitmore is far from alone in being this pessimistic. [View news story]
My line of work is tied closely to the paper industry. I can attest to the slow down. Exports have been the saving grace - so far. As the rest of the world catches up electronically the demand for paper will continue to fall.
"Draghi delivers," writes Ambrose Evans-Pritchard in a contrarian take on the ECB press conference. By seeking instant gratification, markets missed the point that work is underway on the sort of programs hoped for. "Over the coming weeks, we will design the appropriate modalities for such policy measures," said Draghi. Is anyone listening? [View news story]
Which means that a strong dollar will hamper the US ??
More on Bloomberg Consumer Comfort: At -39.7, the index is close to the -40 level that indicates "severe economic discontent," says Gary Lagner, whose firm compiles the data. A full 87% of respondents rated the economy negatively. "This is not a Starbucks issue, this is a macro problem ... We've got fractured consumer confidence," said CEO Howard Schultz on his earnings call last week. [View news story]
He said "economic" discontent. There is a difference. Does one lead to the other ??
Will the U.S. shale gas revolution spread to Europe? It already has, according to Chevron (CVX -1.3%), which is quietly buying up huge swaths of land across eastern Europe. “It's like Goldilocks. The shale has to be at the right depth, have the right organic content and be in the right geological window. That’s what we believe we’ve identified in eastern Europe.” [View news story]
" environmental suits don't get in the way". Count on it.
More on Bloomberg Consumer Comfort: At -39.7, the index is close to the -40 level that indicates "severe economic discontent," says Gary Lagner, whose firm compiles the data. A full 87% of respondents rated the economy negatively. "This is not a Starbucks issue, this is a macro problem ... We've got fractured consumer confidence," said CEO Howard Schultz on his earnings call last week. [View news story]
Is there a number for "severe social discontent" ??
Will the U.S. shale gas revolution spread to Europe? It already has, according to Chevron (CVX -1.3%), which is quietly buying up huge swaths of land across eastern Europe. “It's like Goldilocks. The shale has to be at the right depth, have the right organic content and be in the right geological window. That’s what we believe we’ve identified in eastern Europe.” [View news story]
The premarket spike in Laboratory Corp. (LH +3.9%) tamps down a bit at the open after the company says it has no knowledge of any rumored buyout plans and is not in current discussions with any firms to effect such a transaction. [View news story]
More on housing starts: The big print for permits suggests a pickup in starts for August, writes Bloomberg's Joe Brusuelas, but new home sales remain 48% below their long-term average. They'll need to pick up to "absorb those permits." [View news story]
Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush Limbaugh show after the radio host called a woman a "slut" on the air didn't pay off for shareholders. CARB's Q2 results missed growth targets and its stock price fell 15%. Friend says that while he stands by the decision, the move caused "a bigger hole in our revenue than we thought." [View news story]
Carbonite (CARB) CEO David Friend admits the decision to withdraw from sponsoring the Rush Limbaugh show after the radio host called a woman a "slut" on the air didn't pay off for shareholders. CARB's Q2 results missed growth targets and its stock price fell 15%. Friend says that while he stands by the decision, the move caused "a bigger hole in our revenue than we thought." [View news story]
I also like seeing the conservatives using the wallets to show support.
Allied Nevada Gold (ANV): Q2 EPS of $0.07 misses by $0.13. Revenue of $33.7M (+0.3% Y/Y) misses by $31M. (PR) [View news story]
task in the US. The rules are everchanging and ever complex, and never ending - not to even mention the liability. It is a HUGE risk. The end result is most mining firms try to squeeze the last drop of goody from existing operations. Over time the quality drops.
Most recent earthquakes in North Texas happened close to injection wells used to dispose of wastewater from oil and gas drilling in the region, and they're happening more frequently, according to new research. "You can't prove that any one earthquake was caused by an injection well," the top researcher says, "but it's obvious that wells are enhancing the probability that earthquakes will occur." [View news story]
Most recent earthquakes in North Texas happened close to injection wells used to dispose of wastewater from oil and gas drilling in the region, and they're happening more frequently, according to new research. "You can't prove that any one earthquake was caused by an injection well," the top researcher says, "but it's obvious that wells are enhancing the probability that earthquakes will occur." [View news story]
According to an economic barometer called the Money Market Index, the recent rally in the Dow over the past three trading sessions has been "totally irrational," says the index's chief researcher Dan Geller. The rally, mostly due to the release of Friday's monthly jobs report, shows that the enthusiasm has been mispaced due to the simple fact that a large portion of the 163K new jobs reported are only temporary, and likely to vanish soon. The move "has no economic merit," Geller insists. [View news story]
"The content that was once printed for distribution or portability is now simply being distributed or shared electronically," writes Deutsche's Chris Whitmore, summing up the long-term threat the printing industry is staring at. Whitmore estimates top vendors, including H-P (HPQ), Lexmark (LXK), and Xerox (XRX), have seen their sales fall at a 6% annual clip over the last 10 quarters. The depressed valuations assigned to the group show Whitmore is far from alone in being this pessimistic. [View news story]
"The content that was once printed for distribution or portability is now simply being distributed or shared electronically," writes Deutsche's Chris Whitmore, summing up the long-term threat the printing industry is staring at. Whitmore estimates top vendors, including H-P (HPQ), Lexmark (LXK), and Xerox (XRX), have seen their sales fall at a 6% annual clip over the last 10 quarters. The depressed valuations assigned to the group show Whitmore is far from alone in being this pessimistic. [View news story]
the slow down. Exports have been the saving grace - so far. As the
rest of the world catches up electronically the demand for paper will continue to fall.
"Draghi delivers," writes Ambrose Evans-Pritchard in a contrarian take on the ECB press conference. By seeking instant gratification, markets missed the point that work is underway on the sort of programs hoped for. "Over the coming weeks, we will design the appropriate modalities for such policy measures," said Draghi. Is anyone listening? [View news story]
More on Bloomberg Consumer Comfort: At -39.7, the index is close to the -40 level that indicates "severe economic discontent," says Gary Lagner, whose firm compiles the data. A full 87% of respondents rated the economy negatively. "This is not a Starbucks issue, this is a macro problem ... We've got fractured consumer confidence," said CEO Howard Schultz on his earnings call last week. [View news story]
Will the U.S. shale gas revolution spread to Europe? It already has, according to Chevron (CVX -1.3%), which is quietly buying up huge swaths of land across eastern Europe. “It's like Goldilocks. The shale has to be at the right depth, have the right organic content and be in the right geological window. That’s what we believe we’ve identified in eastern Europe.” [View news story]
More on Bloomberg Consumer Comfort: At -39.7, the index is close to the -40 level that indicates "severe economic discontent," says Gary Lagner, whose firm compiles the data. A full 87% of respondents rated the economy negatively. "This is not a Starbucks issue, this is a macro problem ... We've got fractured consumer confidence," said CEO Howard Schultz on his earnings call last week. [View news story]
Will the U.S. shale gas revolution spread to Europe? It already has, according to Chevron (CVX -1.3%), which is quietly buying up huge swaths of land across eastern Europe. “It's like Goldilocks. The shale has to be at the right depth, have the right organic content and be in the right geological window. That’s what we believe we’ve identified in eastern Europe.” [View news story]
The premarket spike in Laboratory Corp. (LH +3.9%) tamps down a bit at the open after the company says it has no knowledge of any rumored buyout plans and is not in current discussions with any firms to effect such a transaction. [View news story]