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  • Dell (DELL): Q3 EPS of $0.45 beats by $0.12. Revenue of $15.4B (+19.4%) vs. $15.8B. Shares +5% AH. (PR)  [View news story]
    Why is this simple math problem too difficult for the SA staff? This is an ONGOING problem that the staff continually get wrong - is this place owned by foxnews?

    15.4B current quarter vs. 15.8B same quarter '09 is NOT +19.4%.

    Here is the simple formula:
    (current quarter/last year's same quarter - 1) * 100 = % increase or decrease.

    So, for Dell, (15.4/15.8 -1) *100 = -2.53% decrease in revenue.
    Nov 18 05:45 PM | 1 Like Like |Link to Comment
  • Unsurprisingly, a record number of U.S. workers are tapping their retirement accounts as the economic recovery continues to lag. In a survey by Fidelity Investments, 11% of workers had taken a loan from their 401(k) plan in the past year, up from 9% last year. Many of the loans are being used to cover basic expenses.  [View news story]
    Green Shoots!

    Is that still en vogue? I haven't watched the MSM cheerleaders since I canceled my cable last year.
    Aug 20 09:18 AM | Likes Like |Link to Comment
  • The FAA wants to make an example out of American Airlines (AMR) for maintenance lapses, sources say, and will likely seek a civil penalty of $25M, nearly three times larger than any fine ever levied against a U.S. airline.  [View news story]
    That amounts to a little less than one half of a day of net sales for 2009 (a horrible year for the airlines).
    Aug 20 09:10 AM | Likes Like |Link to Comment
  • MBA Mortgage Applications: -12.2% vs. +0.9% last week. Thirty-year fixed mortgage rate decreased to 4.81% from 4.83%.  [View news story]
    "The unadjusted Purchase Index decreased 16.3 percent compared with the previous week and was 30.4 percent lower than Memorial Day week last year."
    Jun 9 07:39 AM | 2 Likes Like |Link to Comment
  • In an added focus on cost-cutting, Wal-Mart (WMT) is contacting all its suppliers regarding whether it can take over deliveries to distribution centers and stores. The retailer says it's looking for where it can do the transport more cheaply, and the move would permit running the company's 6,500 trucks and 55,000 trailers more efficiently.  [View news story]
    I'm certain the truckers would love to work for Wal Mart. Who wouldn't jump at that opportunity? Trade in a living wage for a Wal Mart wage supplemented by food stamps, so that Wal Mart can boost profits.
    May 21 12:04 PM | Likes Like |Link to Comment
  • The recovery has been "surprisingly strong, historically weak," says former Fed official Peter Hooper, leaving small businesses and the unemployed struggling while big firms and wealthy folks rake it in. Hooper, now a chief economist at Deutsche Bank, sees 4% growth in Q2 and 3.7% in Q3.  [View news story]
    Will the modern Dark Ages be run by a Theocracy led by perhaps Queen Palin or a military dictatorship?
    May 17 02:49 PM | Likes Like |Link to Comment
  • Despite a temporary setback, BP (BP) says its latest efforts to stem the Gulf of Mexico leak could be operational overnight. If successful, the inserted tube will carry 5,000 bpd of oil to a tanker on the surface. (but see)  [View news story]
    While I don't disagree with your inference that the world is suffering from a human infestation at the moment, surely there are less damaging methods of population control at our disposal.
    May 16 01:34 PM | 1 Like Like |Link to Comment
  • Bernanke opposes a Senate proposal that could force banks to spin off their swaps business, expressing in a letter to Sen. Dodd concerns that the country's financial system would become less resilient and banks' derivatives activities would be moved away from federal oversight.  [View news story]
    First they were Too Big To Fail.
    Then they were Stress Tested and found to be sound.
    Now, they are Too Big To Break Up - how surprising.
    May 13 10:14 PM | Likes Like |Link to Comment
  • The stunning perfect-every-day performance of Goldman (GS), JP Morgan (JPM), BofA (BAC) and Citigroup (C) is "another triumph of the rigged-market theory," Jonathan Weil says. "How exactly do these banks’ trading divisions make money? However they did it... this isn’t the way 'trading' works in the real world."  [View news story]
    It used to shock me to consider the possibility of a military coup in the United States. But this 'crisis of confidence' is so much deeper than just the banksters. There simply is no fixing this system.
    Government is rife with corruption at all levels, federal, state and local. The average citizen doesn't even bother to acknowledge it and feign outrage anymore.
    The Corporate Elite sold out the middle class (<$200K/yr) with their outsourcing and visa agendas while being subsidized with corporate welfare and then deploying their golden parachutes. And now, thanks to the Supremes, these people can spend whatever it takes on advertising to place their people in the highest positions of government.
    The markets are rigged, you say?! That's just one crap table in the casino. The hole damn house is rigged. There is no fixing this.
    May 13 11:25 AM | 5 Likes Like |Link to Comment
  • Housing optimists "aren't paying attention" to the facts, Dean Baker says. "I think we’re going to see a big fall-off in purchases for the rest of 2010 and even into 2011. So the idea that somehow the market is stable, that housing prices will rise anytime soon - it’s really hard to make a case for that."  [View news story]
    And this is exactly what as NOT been allowed to happen thus far due to government intervention.
    May 13 08:03 AM | Likes Like |Link to Comment
  • As the Pentagon tries to kill the C-17 military-transport jet program - and Congress fights to keep it alive - a production-line strike at Boeing (BA +2.1%) that has moved into day two may end the program for good. The strike is seen as undercutting Congress' argument for keeping the high-paying aerospace jobs.  [View news story]
    The military behaving in a fiscally responsible fashion?! What's next?

    A military cue?
    May 12 02:27 PM | 1 Like Like |Link to Comment
  • SIGTARP takes on the Treasury over warrants from TARP banks, after it failed to document the decisions of its internal panel or its negotiations with banks. "When a brief telephone call can mean the difference of tens of millions of dollars, it is a basic and essential element of transparency and accountability that the substance of that call can be documented contemporaneously."  [View news story]
    Documents might lead to accountability.
    May 11 09:42 AM | 1 Like Like |Link to Comment
  • Sure, taxpayers hate bailouts, whether of banks or nations, but they need to stop and consider the "costs of the panic and destruction" that would have ensued without them, James Pethokoukis argues. TARP bought U.S. banks time to raise private capital and restore confidence; the European plan "is in the same vein."  [View news story]
    What work?
    May 11 09:15 AM | 1 Like Like |Link to Comment
  • Greece provides a preview of the "death spiral" faced by "virtually every advanced nation, including the U.S.," Robert Samuelson says. "Developed countries represent about half the world economy; most have overcommitted welfare states. They might defuse the dangers by gradually trimming future benefits in a way that reassures financial markets. In practice, they haven't done that."  [View news story]
    Most don't understand this.

    Time and time again, the elite prove they will do anything to prevent a reckoning. I only wonder if they have a planned culling in mind or whether they simply don't care how we die off, just so long as we do.
    May 11 09:00 AM | 1 Like Like |Link to Comment
  • More news from Brussels as EU's Olli Rehn says the European Central Bank will take the step of buying government bonds, previously considered the "nuclear option" of the euro defense measures under consideration. Euro +0.5% against dollar. (MW; earlier) Updated 9:25 p.m.: WSJ reports the Fed has reopened a credit line to send dollars to Europe.  [View news story]
    Great analogy, except thus far, only the 500 lbs+ crowd have been allowed in the life boats. The rest of us get to swim with the sharks.
    May 9 10:35 PM | Likes Like |Link to Comment