Send Message
View as an RSS Feed
  • More on Facebook: Though a recent Reuters survey indicated many U.S. users are reducing their Facebook time, comScore estimates U.S. Facebook users spent 379 minutes/month on the site in April, up from 364 in September. Nielsen, meanwhile, believes Facebook accounted for 18% of all U.S. Web usage in April, more than twice as much time as was spent on Google (GOOG) and YouTube combined. One caveat about comScore: it just co-authored a study with Facebook. (previous)   [View news story]
    Who cares about time usage until you translate it into meaningful income.
    Time spent on Google is just that. The two are not comparable.
    Jun 13, 2012. 06:45 PM | 3 Likes Like |Link to Comment
  • Even with 9.1% unemployment, Siemens (SI) says it is still having a hard time filling 3,000 jobs in the U.S. "If you go to our factories in Germany, the guys on the floor can read engineering drawings." But in the U.S., most workers lack the education and training needed to "operate in a modern, competitive manufacturing environment."   [View news story]
    My take is that many who think they are skilled fail to deliver. They would rather play video games and demand something they don't deserve
    Oct 7, 2011. 07:20 PM | 5 Likes Like |Link to Comment
  • Here's something for the Occupy Wall Street crowd to chew on: Bank of America (BAC) says it will pay Sallie Krawcheck a one-time severance package of $5.15M plus a full year's salary of $850K after being ousted from her role as head of the bank's wealth management group. The bank is also paying former president of consumer banking Joe Price a lump sum payment of $4.15M plus his entire year $850K salary. Being fired never sounded so good.   [View news story]
    I so oppose the current wall street occupation. Then when someone like her who failed to deliver what she was hired to do, receives such a large severance, I can understand the rage.

    These banks obviously don't get it.
    Oct 7, 2011. 07:17 PM | 2 Likes Like |Link to Comment
  • Fed chairman Bernanke says recent data point to the likelihood of more sluggish job growth ahead, continuing to hurt consumer confidence. He says the FOMC is prepared to take further action as necessary, but cautions monetary policy "is not a panacea." (PR)   [View news story]
    Add the non existent interest returns generated by the Fed's policy to all the woes of the economy and you have another depressant that will emerge shortly.
    There are too many individuals, pension and college funds, etc. who relied on those returns. Many need that income which is now no longer available.
    Bernanke has destroyed the only means the average person had for years to supplement their income: Interest.
    Oct 4, 2011. 10:33 AM | 4 Likes Like |Link to Comment
  • Oshkosh (OSK) says its union workers rejected a five-year contract that would have paid each employee $2K up front and increased wages by 8% over the period of the contract. The U.S. military’s biggest supplier of armored trucks has been told by the UAW Local 578 the "sticking points" are non-monetary.   [View news story]
    It's amazing that that unions represent such a small part of the US workforce/population, yet they influence so much control.
    Oct 3, 2011. 08:56 AM | 1 Like Like |Link to Comment
  • UBS CEO Oswald Gruebel has stepped down amid the fallout of the $2.3B rogue trading scandal, the bank says. After leaving Singapore, UBS board members reconvened by conference call Saturday to address its latest crisis. Board member Sergio Ermotti has been appointed CEO on an interim basis.   [View news story]
    How about firing those department heads responsible for the trading operation, and those they reported to. They are more responsible than the CEO.

    Where was the audit oversight, what did they know, for how long and why did they fail in taking action?
    Sep 24, 2011. 09:39 AM | 3 Likes Like |Link to Comment
  • Market preview: The selloff that began with the Fed’s dour assessment and unsatisfying policy response circles the globe, with European bourses crushed and the U.S. looking at a nasty open; S&P -2.7%. China is supposed to be the world's savior, but its own problems lead to fears of weakening demand. Treasurys are the only safe haven, as 10-year yields plunge as low as 1.74%. Later: leading indicators.   [View news story]
    Bernanke is in the process of destroying this country in a misguided belief that he is fixing it. He doesn't have a grasp of reality and vacillates in his observations about where the economy is, as evidence by his current statement "there is a significant global problem". Where has he been the last two years? He talks in academic circles. Idiot!

    Put Charles Plosser in charge.
    Sep 22, 2011. 09:49 AM | Likes Like |Link to Comment
  • Response to the President's plan to refinance underwater homeowners into lower rate mortgages is less than overwhelming. The FHFA - whose approval would be necessary - released a statement from its director notable for use of the word "uncertain." If the experience of HARP is any guide, don't expect any of the lofty goals talked about to be met.   [View news story]
    It would be outrageous to make adjustments for those who find themselves "underwater". Many purchased a house to flip and got caught, others didn't deserve to become mortgage qualified due to income misrepresentation. This just a another example of liberal policies which the middle class has to fund.

    What about the loss of interest income for those of us who were frugal and saved over the years. We are on the short end now. Bail us out.
    Sep 12, 2011. 05:28 PM | 5 Likes Like |Link to Comment
  • Yahoo (YHOO -0.9%) is underperforming following the Softbank-Citigroup deal. UBS' Brian Pitz reiterates a Neutral, noting that July industry data shows Yahoo's global page views to have fallen 2.6% Y/Y. However, Pitz believes Yahoo is trying to unlock the value of its prized Japanese subsidiary, perhaps through a spinoff or tracking stock.   [View news story]
    They should invest some time to improve their website. It is dated, needs reformatting, has occasional data glitches and generally not equal to other financial websites.
    Aug 26, 2011. 05:26 PM | Likes Like |Link to Comment
  • Changing your mind as the facts emerge is nice work if you can get it. New Bill Gross: "End of QE2 may or may not lead to higher yields." Old Bill: Yields may "go higher, maybe even much higher" to attract buyers after QE2 ends. New Meredith Whitney: "I never said that there would be hundreds of billions" in muni defaults. Old Meredith: "This will amount to hundreds of billions of dollars’ worth of defaults."   [View news story]
    Neither one of them will ever tell anyone in the public arena what they really think or believe. Their sincerity has become so transparently false.
    May 24, 2011. 10:38 PM | Likes Like |Link to Comment
  • "Very underweight," sure, but Pimco never actually went short Treasurys, Bill Gross says - calling it a "misconception" that the firm bet against the government debt. Of course, it was Pimco's own report that the Total Return Fund was -3% on Treasurys that set off stories about Gross' bearishness.   [View news story]
    Took him long enough to clarify that. He could have done so on the first day, or was he using the implication of being short to his advantage.
    May 16, 2011. 03:24 PM | Likes Like |Link to Comment