That would normally work but since BO purposefully has not passed a budget in 3 years and 9 months, so that he may bankrupt America to be on par with his Middle East brothers, no one can see the end or the downfall. It's like running a train off the Grand Canyon and magical tracks appear to get to the other side. The tracks are only there because he says they are there. It's the Socialist Hopium Train!
There's nothing else that weasel can do. He has no more bullets left except to squeeze every last ounce of monetary value out of the middle class. Timmy and Bernanke need to be held accountable for their roles in BO's master plan.
Zillow's new negative equity report shows nearly 16M U.S. homeowners, or 31.4% of all homeowners with a mortgage, were underwater in 2012 - a bit better than 2011's 32.4% but higher than estimates from CoreLogic and others. “It’s a $1.2T problem," Zillow's Stan Humphries says. “We think 2012 is going to be a great year for home sales, but a mixed picture for prices." [View news story]
Wait..the $2T house bailout didn't work? I can't believe that.
JPMorgan's (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports. [View news story]
It's the rule of three in economics. Anytime a company/bank reports a net loss, multiply it by three and you'll get the true company loss for that year, quarter, or scandal. It's been amazingly accurate the last 4 years, So it's $6B no question.
It seems like you're a nobody in government circles at the moment if you're not investigating JPMorgan's (JPM) $2B trading loss, with Reuters reporting that the FBI is now getting in on the act. That adds to inquiries by the DOJ, the Fed, the SEC, and the U.K.'s FSA, not to mention hearings in the Senate. No matter, shares are +3.7%. [View news story]
But terrorists residing permanently up their at 1600 Penn. Ave in his Administration and the legality of his citizenship is off limits. Ok, I get it. Maybe iDimon enacted a "racial" trade. That must be it. I haven't seen this much cooperation between these agencies since the Recession cover-up.
The Fed approves the first-ever Chinese purchase of a U.S. bank, giving the green light to ICBC's (IDCBF.PK) purchase of 80% of Bank of East Asia. The Fed also approves applications by the Bank of China (BACHY.PK) to establish a branch in Chicago and Ag Bank of China to open a branch in NYC. [View news story]
They have landed and the red carpet was rolled out right up to Capitol Hill. We could changing currencies, again. As of Feb, China is now #2, only behind the SS Trust Fund for owning US Debt. China owns 13.2% of all U.S. debt. 10 months ago it was 8%.
Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September. [View news story]
Biobat, Do a little research ....he did. In addition, at the end of the year he did not own a single share of stock. That is pretty telling to me and any investor. His options were a strike price of 1.50 so he cashed those out at the height of Netflix knowing he bungled a dozen issues. As long as stock was above $1.50 he made off like a bandit. Then, he gets a 68% pay raise in 2011 while Netflix loses 77%. Base pay stayed the same but his options allowance went up $3M. Imagine if Netflix didnot collaspe. He'd make $100M easy.
Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September. [View news story]
Translation: Netflix is F*cked. They need to be acquired to stay alive. Reed alienated both content providers and customers. BUS 101 is don't do either. There's a reason he cashed out all his options last summer for $65M and has a handful of regular class a shares left.
Facebook (FB) officially sets its IPO price range at $28-$35 in a new S-1. The company plans to sell 337.4M shares (180M in new shares, 157.4M from insiders) for a total offering size of $9.45B-$11.8B, higher than many expected. Mark Zuckerberg will sell 30.2M shares. The over-allotment option is 50.6M shares. Facebook's expected valuation range is $77B-$96B after factoring in restricted shares and options. IPO plays are following the tech sector lower: GSVC -3%. SVVC -3.1%. [View news story]
There's things in the pipeline...they'll be fine...
The SEC has opened an informal inquiry into Chesapeake's (CHK -1.6%) program that granted Aubrey McClendon a share in each of the natural gas producer's wells, Reuters reports. Major shareholder David Dreman questions whether CHK's new statements that its directors had never reviewed or approved McClendon's actions were prompted by the SEC probe. [View news story]
SEC...how's that TVIX / CS inquiry going...oh, won't get to it until after BO's second term you say...
Sprint (S -4.4%) responds back to allegations it owes New York more than $300M in unpaid taxes and penalties. "We have collected and paid every penny of sales tax owed to New York." [View news story]
So New York just randomly picked S for a $300M lie?
Facebook (FB) has set an IPO date of May 17, sources tell TechCrunch, contingent on the SEC signing off on the company's paperwork in time. It's added Facebook will have an IPO valuation of $100B (reflecting recent trading on secondary markets), and (as expected) is looking to raise less than $10B. (S-1) [View news story]
As andruomail mentioned above, Amazon is not buying up cds, a third party merchant is. You get a amazon gift card in exchange due to their agreement. I don't believe there is really a story. Need more info on this third-party merchant...discount store?, charity organization or really out there...a company (org) buying them up to destroy them. Cds are a dead media, although I personally like them.
Employees may be half the problem...they may get rid of a few bad apples by luck but the main problem is strategy. What does it really want to do and where does it want go? Increasing games $10/game is stupid too. They're not a good company per recent mid-level execs. Buying competitors only to kill off the series instead of implementing them in their portfolio and increasing game play. And the hot topic of selling half completed games to force kids to buy DLC to finish the game as opposed to selling DLC in addition to a game. That should be a selling technique but not THE selling technique. They are other problems coming up but they're in trouble here and long-term.
Green Mountain Coffee Roasters (GMCR): FQ1 EPS of $0.76 beats by $0.11. Revenue of $1.34M (+16% Y/Y) beats by $10M. Shares +5.6% AH. (PR) [View news story]
The weak NFP print increases the likelihood the Fed will launch fresh stimulus at its policy meeting next week, writes Jon Hilsenrath. Bernanke made clear (again) his concerns over the labor market in his Jackson Hole speech, leaving the suggestion he's itching to take action. Today's report, combined with ISM in contraction territory, may give him the opening. [View news story]
The weak NFP print increases the likelihood the Fed will launch fresh stimulus at its policy meeting next week, writes Jon Hilsenrath. Bernanke made clear (again) his concerns over the labor market in his Jackson Hole speech, leaving the suggestion he's itching to take action. Today's report, combined with ISM in contraction territory, may give him the opening. [View news story]
Zillow's new negative equity report shows nearly 16M U.S. homeowners, or 31.4% of all homeowners with a mortgage, were underwater in 2012 - a bit better than 2011's 32.4% but higher than estimates from CoreLogic and others. “It’s a $1.2T problem," Zillow's Stan Humphries says. “We think 2012 is going to be a great year for home sales, but a mixed picture for prices." [View news story]
JPMorgan's (JPM) losses from its disastrous trades could reach $5B or more, the WSJ reports, as the bank struggles to unwind its positions. Major problems include increasing worries about Greece and the the EU economy. Meanwhile, the CFTC becomes the latest government agency to open a probe into the debacle, the NYT reports. [View news story]
It seems like you're a nobody in government circles at the moment if you're not investigating JPMorgan's (JPM) $2B trading loss, with Reuters reporting that the FBI is now getting in on the act. That adds to inquiries by the DOJ, the Fed, the SEC, and the U.K.'s FSA, not to mention hearings in the Senate. No matter, shares are +3.7%. [View news story]
The Fed approves the first-ever Chinese purchase of a U.S. bank, giving the green light to ICBC's (IDCBF.PK) purchase of 80% of Bank of East Asia. The Fed also approves applications by the Bank of China (BACHY.PK) to establish a branch in Chicago and Ag Bank of China to open a branch in NYC. [View news story]
Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September. [View news story]
Do a little research ....he did. In addition, at the end of the year he did not own a single share of stock. That is pretty telling to me and any investor. His options were a strike price of 1.50 so he cashed those out at the height of Netflix knowing he bungled a dozen issues. As long as stock was above $1.50 he made off like a bandit. Then, he gets a 68% pay raise in 2011 while Netflix loses 77%. Base pay stayed the same but his options allowance went up $3M. Imagine if Netflix didnot collaspe. He'd make $100M easy.
Netflix (NFLX -7.6%) closed at levels last seen in early January after Viacom (VIA, VIAB) stated on its FQ2 earnings call Epix's movies will be available on Netflix "under any circumstance," but other streaming partners might also be added. Last week, it was reported Apple (AAPL) is talking to Epix, which Viacom co-owns with LGF and MGM, about a streaming deal. Netflix's exclusivity ends in September. [View news story]
Facebook (FB) officially sets its IPO price range at $28-$35 in a new S-1. The company plans to sell 337.4M shares (180M in new shares, 157.4M from insiders) for a total offering size of $9.45B-$11.8B, higher than many expected. Mark Zuckerberg will sell 30.2M shares. The over-allotment option is 50.6M shares. Facebook's expected valuation range is $77B-$96B after factoring in restricted shares and options. IPO plays are following the tech sector lower: GSVC -3%. SVVC -3.1%. [View news story]
The SEC has opened an informal inquiry into Chesapeake's (CHK -1.6%) program that granted Aubrey McClendon a share in each of the natural gas producer's wells, Reuters reports. Major shareholder David Dreman questions whether CHK's new statements that its directors had never reviewed or approved McClendon's actions were prompted by the SEC probe. [View news story]
Sprint (S -4.4%) responds back to allegations it owes New York more than $300M in unpaid taxes and penalties. "We have collected and paid every penny of sales tax owed to New York." [View news story]
Facebook (FB) has set an IPO date of May 17, sources tell TechCrunch, contingent on the SEC signing off on the company's paperwork in time. It's added Facebook will have an IPO valuation of $100B (reflecting recent trading on secondary markets), and (as expected) is looking to raise less than $10B. (S-1) [View news story]
Why Is Amazon Buying CDs? [View article]
Electronic Arts (EA -3%), which currently has about 7,600 employees, plans to soon lay off 500-1,000 workers, reports Startup Grind. EA has been dinged by a dismal environment for U.S. console game sales, and also by an underwhelming reception for online role-playing game Star Wars: The Old Republic, in which the company has made an enormous investment. [View news story]