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  • India forecasts GDP of 4.9%, short of estimates [View news story]
    above forecast; est. is 4.7% according to bloomberg 6:59AM
    Feb 7, 2014. 08:26 AM | Likes Like |Link to Comment
  • The National Development and Reform Commission in China reports that prices for imported cards fell 3.4% Y/Y in April in contrast to a minor gain on prices for domestically-produced vehicles. It's one of the first solid indications that a government mandate to cut back on lavish spending in the nation is having an impact on automakers (GM, DDAIF.PK, BAMXY.PK). [View news story]
    Imported cars
    May 20, 2013. 08:29 AM | Likes Like |Link to Comment
  • Apr. Empire State Survey: Manufacturing -6 to 3.05 vs. +7.50 expected, +9.24 prior. [View news story]
    Empire Manufacturing for April was reported at 3.05, expectations were 7.00, according to Bloomberg.
    Apr 15, 2013. 08:36 AM | Likes Like |Link to Comment
  • Shares of Research in Motion (RIMM -2.7%) are down after Collins Stewart analyst John Vinh commented this morning that he thinks the company has stopped producing its PlayBook and is looking to exit the tablet market. RIM denies the report, calling it "pure fiction."  [View news story]
    I think MSFT buying RIMM makes the sense, acquire thier client base to increase their handset and mobile solution to a wide customer base who are looking to smart phones away from Blackberry's horrible operating system and browser. It would also provide a platform to increase Windows 8 mobile penetration, especially since RIMM is most closely aligned to MSFT and may help increase their footprint with corporate America in other products / services. A win-win for MSFT, and saves RIMM for losing their relevance quickly as they have approx. 15% of handset mkt penetration worldwide.
    Sep 29, 2011. 01:12 PM | Likes Like |Link to Comment
  • "We effectively work for the government here," says Bob Dudley, BP's (BP) lead exec in the Gulf of Mexico. From new directives daily to a $75,000 non-itemized bill for a one-day visit by VP Biden, the White House is now in control of both BP's checkbook and resources in the Gulf.  [View news story]
    $75k bill for a Biden visit, WTF is going on, hope these funds are audited, this is ridiculous, now they are forcing BP to hire Obama's political cronies as special liasions?

    The f#ckin Obama administration is acting like the mafia. This administration is again setting up a bad example for business in America. Thus far their actions are causing distress in business throughout the country. This is just plain scary, why is the maintstream press just sitting around and letting this happen?

    We will see how the "money" is spent around. Very soon all sorts of political riff raff will be in line to create special commissions for everything imaginable and have BP pick up the tab.....this is just the beginning of the largest legalized shakedown in US history.

    This is just plain criminal behavior, wrapping "community representatives" into BP's clean up. Unless they are cleaning up oil I do not believe they have any purpose. I bet former ACORN rep's are just salivating over this. Stay tuned I am sure the cast of characters will be familiar.
    Jul 21, 2010. 09:53 AM | 4 Likes Like |Link to Comment
  • A federal judge approves Goldman's (GS) $550M settlement with the SEC, in a ruling that was widely expected but still closely watched. For its part, the SEC says the Goldman case is just the tip of the iceberg, and many more crisis-related probes are being pursued.  [View news story]
    Winner = Goldman

    They capped out their reputaional risk had this gone to court and was drwan out. How much would it have costed to rebuild the brand!

    Loser = SEC

    They again are reactive, are poor regulators, and have very little understanding what a synthetic CDO is.
    Jul 21, 2010. 08:19 AM | Likes Like |Link to Comment
  • Taxpayer support for the financial system increased by $700B over the past year, bringing the total to around $3.7T, according to SIGTARP's latest report. Most of the jump was because of government pledges to Fannie (FNM) and Freddie (FRE).  [View news story]
    FNM & FRE are a clusterf#ck of a mess. They fed govt. keeps pumping money into them - it is endless. They are like Frankenstein, we created them, but now we must kill them off. Unfortunately, the elected incompetent officials are protecting them form their demise as to further the social experiement of homeownership, especially for those who can't really afford it anyway.

    Stay tuned, this story is sure to continue, cost more, and end very badly...
    Jul 21, 2010. 08:16 AM | 1 Like Like |Link to Comment
  • BP is signing scientists from Louisiana State University and other Gulf-area colleges to $205-an-hour research contracts that come with non-disclosure agreements. Generally, universities allow professors to work as outside consultants for up to eight hours per week.  [View news story]
    sounds like they are trying to tie up the local scientific intellectual capital to enlist their help and thus less likely to critcize BP harshly, even more so with a non-disclosure agreement, just good business sense.....
    Jul 20, 2010. 03:51 PM | 1 Like Like |Link to Comment
  • More than 50 months since the peak of residential building in 2006, the housing industry is building only about 30% of the homes it was building during the boom - 30 points worse than a similar stage of the recovery after the S&L crisis and the 1970s oil crisis. In fact, housing activity is at its lowest level since WW II.  [View news story]
    no suprise that the economy is so slow, look at the economic spill over that housing contributes so if housing down = economic activity down = no jobs
    Jul 20, 2010. 02:21 PM | 1 Like Like |Link to Comment
  • As soon as Friday, paymaster Kenneth Feinberg may demand a clawback of bonuses big banks (C, JPM, GS, MS, BAC) paid during 2008 - though his power is limited to politically shaming them, as the biggest banks in TARP have repaid the program.  [View news story]
    Feinberg is a tool of Obama....they will punish, re-punish, and punish again. This is what the reward is for helping the US meet housing goals by govt. officials
    Jul 20, 2010. 11:38 AM | 3 Likes Like |Link to Comment
  • Lloyd Blankfein has done a reasonably good job in steering Goldman Sachs (GS) through the political minefield, but eventually he must leave for the firm to win back the trust of its blue-chip corporate clients, Chris Whalen writes.  [View news story]
    If LB is the fall guy for GS, then _______ should be the fall guy for the U.S.
    Jul 16, 2010. 02:20 PM | 2 Likes Like |Link to Comment
  • At the iPhone 4 press conference, a dug-in Steve Jobs (AAPL) starts with humor, goes after competitors, says the company's hearing fewer user complaints, and offers a free case to iPhone 4 buyers and a waived restocking fee for returns. As expected, there's no recall.  [View news story]
    Free rubbers....
    Jul 16, 2010. 01:40 PM | 2 Likes Like |Link to Comment
  • If you've got a billion to commit, has Blackstone (BX) got a deal for you: A break on fees (1% management fees, vs. 1.5% for a smaller commitment). It's a move likely aimed at a few specific partners, since few publicly disclosed investors are willing or able to reach the $1B mark; state retirement systems are among the bigger investors (in the $271M-500M range).  [View news story]
    Do they take IRA rollovers?
    Jul 16, 2010. 11:20 AM | Likes Like |Link to Comment
  • "Media fools" are trying to spin Goldman's (GS) settlement as a victory, Barry Ritholtz writes, but it is really a "painful loss" with expensive repercussions likely to last far into the future. For starters, it opens the firm to future liability from all clients who bought money-losing derivatives, which could leave Goldman - and its rivals - constantly under attack. But the biggest question now: Who will the SEC come after next?  [View news story]
    Willingness to write checks is an asset in this environment.

    Goldman could have litigated - the press would have a field day, and every day their name is in the press represents potential lost revenue and additional costs to rebuild the brand.

    GS did it because it is cheaper, they could of fought it. How many law firms do you think advised GS not to litigate (remember they get paid $1k an hour plus expenses!).

    Whether they are guilty or not, settling is the best solution for GS, plain and simple.
    Jul 16, 2010. 10:56 AM | 3 Likes Like |Link to Comment
  • Stocks, already sagging, head lower following a nasty consumer sentiment reading. Dow now -1.4% to 10213. S&P -1.6% to 1079.  [View news story]
    Consumer CONFIDENCE is a lack of confidence in govt., markets, economy, and jobs.

    Americans are poorer economically, intellectually, and just plain tired and stressed. New taxes, govt. regualtions, and lax govt. involvement in improving economic conditions rather than exacerbating them; all weighing on consumer spending.
    Jul 16, 2010. 10:22 AM | Likes Like |Link to Comment