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phxcrane

phxcrane
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  • The Treasury Dept. reveals more sales of General Motors stock [View news story]
    I don't suppose any one in the administration or the media will report the lose to the general public. Or that the bailout did not save a single job. All it did was save the UAW (useless at work)
    Sep 18 02:00 PM | Likes Like |Link to Comment
  • Google buys 7% stake in transportation service Uber for $258M [View news story]
    How do they get around the taxi laws? Cities want their revenue.
    Aug 23 12:31 PM | Likes Like |Link to Comment
  • Three lunchtime reads [View news story]
    I love it when a columnist write " That’s an increase that the companies can easily tolerate". They don;t have a clue one way or the other. Probably never read a companies financial statement. But people will read it and take it for fact. They also assume the companies will not raise prices. I feel that they will raise prices. That will hurt the working poor far more then raising the min wage will help.
    Aug 5 01:57 PM | Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    Please get it to stop refreshing! Its quite annoying when trying to scroll through the stories.
    Jul 29 08:18 AM | 4 Likes Like |Link to Comment
  • Panera Bread (PNRA) says it will pull its national pay-what-you-can program for Turkey Chili orders and will re-evaluate the idea for a new launch next winter. The company has been at the forefront of social responsibility on food issues since its inception - including a store in Clayton, Missouri which is 100% under the pay-what-you-can format - and notes the optional payment on turkey chili brought in on average 75% of retail value. [View news story]
    no
    Jul 10 08:28 AM | Likes Like |Link to Comment
  • Next month, shareholders will decide whether to support a proposal to strip Jamie Dimon of his chairmanship (I, II, III). Supporters of the plan to split the CEO and chairman roles will lobby major shareholders prior to May's JPMorgan (JPM) shareholder meeting, while Dimon's supporters have already engaged large JPM shareholders such as Blackrock, T. Rowe Price, and Vanguard. "I can't think of another company where independent board leadership would be a more useful correction for CEO hubris," says AFL-CIO's head of investment Brandon Rees.  [View news story]
    The union complaining about to much power in one man is laughable.
    Apr 6 08:55 PM | 3 Likes Like |Link to Comment
  • Italy approves plan to pay €40B to settle a giant outstanding balance with private companies. The debts became a source of distress for the country's corporate sector when bank credit to businesses dried up. The government hopes paying its bills will stimulate the economy, but says the decision to make good on its commitments wasn't easy: "We have to follow a path between helping our economy recover and maintaining budget discipline," Italy's Economic Minister notes. [View news story]
    If got this right. Italy owes the money but acts like there doing private business a favor to pay it. sounds like the state of IL.
    Apr 6 08:43 PM | 4 Likes Like |Link to Comment
  • Fisker Automotive, the struggling government-backed hybrid sports car maker, terminates 75% of its staff in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. The company, which raised $1.2B from investors and tapped nearly $200M in government loans, has only around $30M in cash remaining. About 160 workers were fired at a Friday morning meeting at its Anaheim, Calif., headquarters, and were told that the company couldn't afford to give them severance payments. [View news story]
    Not His Money. You Can't convince anyone its their money not the governments. There is a huge disconnect.
    Apr 5 09:07 PM | 3 Likes Like |Link to Comment
  • Fisker Automotive, the struggling government-backed hybrid sports car maker, terminates 75% of its staff in what sources said was a last-ditch effort to conserve cash and stave off a potential bankruptcy filing. The company, which raised $1.2B from investors and tapped nearly $200M in government loans, has only around $30M in cash remaining. About 160 workers were fired at a Friday morning meeting at its Anaheim, Calif., headquarters, and were told that the company couldn't afford to give them severance payments. [View news story]
    I'm Shocked. LOL
    Apr 5 08:56 PM | 7 Likes Like |Link to Comment
  • Wal-Mart's (WMT) problem of keeping store shelves stocked keeps drawing more attention with The New York Times and grocery store publications now highlighting the issue in detail. According to the freshest takes, the retail chain is losing the trust of customers and seeing grocery items sell more slowly due to the lower staffing levels. The key stat: Wal-Mart's average number of employees per store in the U.S. fell by 17% to 281 over the last five years. [View news story]
    Especially the NY Times.
    Apr 4 08:25 AM | 2 Likes Like |Link to Comment
  • The national average price of gasoline fell in March for the first time in a decade, down $0.15/gal. for the first M/M decline since 2003 and down nearly $0.30/gal. Y/Y, AAA reports. Since peaking at $3.79 on Feb. 27, prices have dropped 29 out of 33 days. AAA thinks April prices should remain less expensive than in recent years because oil is cheaper and refinery production is rising. [View news story]
    How is refining production Increasing? They have not built a new refinery in 20 years. All the rest I thought were running at 90 to 95 %.
    Apr 1 07:52 PM | Likes Like |Link to Comment
  • Trying to gain a measure of independence from Facebook (FB), Zynga (ZNGA) will let users of Zynga.com create accounts that are separate from their Facebook accounts. All players can still connect via Facebook (chances are many will), but Zynga's move, which is made possible by its amended deal with Facebook, raises the possibility of virtual goods purchases that don't require a 30% cut be sent Facebook's way. Zynga has already launched the Facebook-independent Zynga with Friends network, and has added a handful of 3rd-party titles to Zynga.com. [View news story]
    Having to sign in on facebook is a non starter for me and a lot of people I know.
    Mar 21 07:18 PM | Likes Like |Link to Comment
  • Venezuelan President Hugo Chavez has died, according to the country's VP Nicolas Maduro. [View news story]
    Will Sean Penn be going to the funeral?
    Mar 5 05:27 PM | 2 Likes Like |Link to Comment
  • Groupon (GRPN): Q4 GAAP EPS of -$0.12 misses by $0.15. Revenue of $638.3M (+30% Y/Y) in-line. Gross billings +24% Y/Y to $1.52B. Expects Q1 revenue of $560M-$610M, below $650.3M consensus. Expects Q1 operating income of -$10M to $10M. Shares -25.8% AH. (PR[View news story]
    I don't know of anyone who ever did.
    Feb 27 04:17 PM | 3 Likes Like |Link to Comment
  • Though Tesla Motors (TSLA -9.2%) CEO Elon Musk is taking the hardest loss today on the automaker's tumble in share price, Daimler (DDAIF.PK) is also suffering with its 4.7% stake in TSLA making it number two on the list while Toyota (TM -1.1%) also has a stake. Interestingly, Musk says he won't ask the big boys for more money but will fund Model X SUV production through profits. Look for issues of Tesla cash flow to be a major topic in 2013. (transcript[View news story]
    I can't find any shares to short. Just my luck.
    Feb 21 06:24 PM | Likes Like |Link to Comment
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