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  • Chesapeake Energy (CHK -6.5%) is sliding on heavy volume. Reuters reports the SEC's Texas office has been demanding documents from Chesapeake as part of the agency's probe into the company's deals with CEO Aubrey McClendon. Meanwhile, Baker Hughes (BHI +9.4% - previous) reports the rig count for U.S. natural gas wells has fallen to 518 thanks to weak prices. That figure is down 45% from October's high, and represents a 13-year low.  [View news story]
    Wise move.
    Jul 20 03:06 PM | Likes Like |Link to Comment
  • Spain sees the economy contracting by 0.5% in 2013 and growing by 1.2% in 2015, according to a Reuters report. The unemployment rate is expected to hit 24.6% this year, improving only slightly in 2013 to 23.3%.  [View news story]
    There must be some bad acid going around.

    Don't take the window pane!
    Jul 20 08:12 AM | 1 Like Like |Link to Comment
  • General Electric (GE): Q2 EPS of $0.38 beats by $0.01. Revenue of $36.5B (+2% Y/Y) misses by $360M. (PR)  [View news story]
    Is this why the job's council never meets??

    So, the head of the job's council that never meets (revs) seems to be having a smidge 'o trouble.
    Jul 20 06:50 AM | Likes Like |Link to Comment
  • The 2 changes to a 5.
    Jul 19 11:19 AM | 1 Like Like |Link to Comment
  • But, but, The summer is too hot, er, global warming, doh!
    Jul 19 10:35 AM | Likes Like |Link to Comment
  • JPMorgan downgrades Deere (DE -1.2% to $75.88) to "Underweight" from "Overweight" and predicts that the drought in the Midwest will hurt the company's tractor sales as farmers "take a "wait and see" attitude to equipment purchases towards year-end and into 2013." JPMorgan also cuts its price target for Deere to $78 from $98.  [View news story]
    JPM needs to downgrade themselves.

    All bullshit, all the time..
    Jul 17 09:38 AM | Likes Like |Link to Comment
  • Marissa Mayer's duties at Google (GOOG) will be split up among her lieutenants, reports AllThingsD's Liz Gannes. For those wondering why Kara Swisher failed to break the news of Mayer's hiring, a source tells Nicholas Carlson Yahoo's (YHOO) board finally discovered Swisher's management sources. A source (the same one?) also gives Carlson the board's reasons for hiring Mayer - her name, product focus, and recruiting/mentoring ability, and the support of co-founder David Filo. (more)  [View news story]
    They gonna need lots of ritalin for this one.
    Jul 16 10:21 PM | Likes Like |Link to Comment
  • The U.S. is already in recession, says Ambrose Evans-Pritchard, citing the Economic Cycle Research Institute, adding that the Fed has "drifted into fatalism." The risk is that the Fed is repeating the errors of early to mid 2008 "when failure to respond turned a common garden recession into a disaster." Bernanke's at fault for that. What's needed now is "nuclear force" to drive GDP up to 5%.  [View news story]
    I new i built that solid gold sphere for a reason.

    Now i know.
    Jul 16 12:08 PM | 1 Like Like |Link to Comment
  • July Empire State Survey: Manufacturing 7.39 vs. 4.50 expected, 2.29 prior. New orders -2.7 vs. 2.18 prior. Prices 7.4 vs. 19.59 prior. [View news story]
    Jul 16 11:49 AM | Likes Like |Link to Comment
  • July Empire State Survey: Manufacturing 7.39 vs. 4.50 expected, 2.29 prior. New orders -2.7 vs. 2.18 prior. Prices 7.4 vs. 19.59 prior. [View news story]
    New orders vs prices suggests a tad bit of deflation no?
    Jul 16 09:07 AM | Likes Like |Link to Comment
  • Wilbur Ross, who built a company from distressed U.S. coal assets and sold it last year for $3.4B, says the industry's current slump differs from earlier setbacks and may last for years because of the shale gas boom: "Last time the cycle was this bad, the problems were essentially just cyclical... This time the major secular trends are far more likely to be unfavorable for years to come."  [View news story]
    Wilbur Ross did not build that business by himself, that must be a lie.
    Obama said 2 days ago that "some body else made that happen", if you own a business.

    So, who's lying?? Wilbur ??
    Jul 16 08:36 AM | 3 Likes Like |Link to Comment
  • The RESTORE Act, which was signed into law earlier this month, could divert billions of dollars in penalties to the five states hit by BP's (BP) Gulf oil spill: Louisiana, Alabama, Mississippi, Florida and Texas. BP is reportedly trying to settle for $15B, but Louisiana, at least, is happy to take its chances in court in the belief that BP would be ordered to pay much more.  [View news story]
    Are you blind, stupid or both?? Obviously both.
    Jul 15 03:33 PM | Likes Like |Link to Comment
  • Part of the $7.25B settlement that merchants reached with credit-card networks and card issuers means that merchants can charge a higher rate (as a "checkout fee") for consumers using a card for payment. After hours: V +1.7%; MA +1%. (Statement from MasterCard)  [View news story]
    How is a credit card with interest better than a debit card with no interest?? You must have a pocket full of zero interest credit cards with no fee's.

    If that's the case, then the only difference between the two is time.
    Debit card is immediate reconciliation, and a thirty day delay for credit card rec plus fee's.

    Here is a tip:
    If you don't have all of the cash in your back pocket to purchase what your after, you cannot afford it. :)
    Jul 13 08:39 PM | Likes Like |Link to Comment
  • Stop reading when this sounds familiar: The accounting firm tasked with authenticating the financials of bankrupt PFGBest wasn't a well-known Chicago firm, but instead was a one-woman operation run out of a suburban house. PFGBest CEO Russell Wasendorf was arrested today in Iowa with federal authorities saying they have a signed confession that the futures brokerage he led engaged in fraud. [View news story]
    LOL!! Twenty years of consistent fraud exposed in a failed suicide note. Let me guess, the son knew nothing about it... Riiight..
    Jul 13 03:46 PM | Likes Like |Link to Comment
  • Selling coffee to the bereaved: Starbucks (SBUX) plans to open a store inside a funeral home in South Carolina. Though the company says it will maintain a low-profile at the location, it maintains the move follows a growing pattern of placing stores embedded into high-traffic areas. [View news story]
    Who knew funeral homes were "high traffic areas"?

    This must be in California, where they are unable to control the thugs.

    How to control a thug:
    1) .308 suppressed bolt action bipod.
    Jul 13 09:28 AM | Likes Like |Link to Comment