Ranked as one of the most influential business blogs and a finalist for the 2009 EPpy Awards for best business blog, Blogging Stocks covers all the latest news about companies traded on Wall Street. Follow us on Twitter @BloggingStocks
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Filed under: Management, Industry, Market matters, Money and Finance Today, Politics, Headline news, Federal Reserve, Financial CrisisUS Senator Bernie Sanders, independent from Vermont, is known for his straightforward and unbiased positions. His new legislative proposal is to break up big banks that are deemed "too big to fail." To quote Mr....
Source:Blogging Stocks
Posted:2009-11-06 22:00:00 GMT
Filed under: General Electric (GE), Motorola (MOT), Federal Natl Mtge (FNM)Today was a surprise considering the news. There was not great economic news to hang on, particularly considering that the 10.2% unemployment was the worst reading since 1983. As the market did not crater and as it went positive throughout the d...ay, it almost felt as though the 10.2% of the officially unemployed don't matter to the economy as everyone keeps...Read More
Source:Blogging Stocks
Posted:2009-11-06 21:00:00 GMT
Filed under: Employees, Economic data, RecessionWork smarter not harder. Do more with less. Increase your output. Become more productive. You've heard all this before, right? What it all means is that layoffs are coming, and the survivors are going to have to take on a hell of a lot more work, with no increase in support, resources or compensation....
Source:Blogging Stocks
Posted:2009-11-06 20:00:00 GMT
Filed under: Citigroup Inc. (C), Initial public offeringsBeing 34% owned by the U.S. government, Citigroup's (NYSE: C) destiny is somewhat murky. Yet, to pay off the loans, this massive financial institution must shrink. To this end, Citigroup has filed a public offering for its Primerica Financial Services. According ...to the prospectus, the deal is expected to raise $100 million, but it's likely the amount will be much larger.Primerica certainly has an...Read More
Source:Blogging Stocks
Posted:2009-11-06 16:00:00 GMT
Filed under: Before the bell, Bad news, Employees, Economic dataIs this bad news for the recovery? The Labor Department reported that the U.S. unemployment rate jumped to 10.2% in October, pushing the rate atop the 10% mark for the first time in 26 years. Nonfarm payrolls fell by 190,000 in October, bringing the total number of jobs sacrificed to the recession to 7.3 million....
Source:Blogging Stocks
Posted:2009-11-06 15:00:00 GMT
Filed under: Market matters, Federal Natl Mtge (FNM), Wells Fargo (WFC), Housing, Cramer on BloggingStocks From TheStreet.com Network Bank Buyout Boom Stalls Before It Starts Five Dumbest Things on Wall Street: Nov. 6 TheStreet.com's Jim Cramer says the bears simply won't hear the positives -- but he'll keep hammering them home....
Source:Blogging Stocks
Posted:2009-11-06 14:20:00 GMT
Filed under: Earnings reports, Media World, World Wrestling Entertainment (WWE) World Wrestling Entertainment (NYSE: WWE)'s stock jumped Thursday after the market took a look at the company's Q3 data. Overall revenues didn't see much of an increase, but earnings per share rose over 70% to 12 cents. Driving this incredible growth rate was a cut in gross costs....
Source:Blogging Stocks
Posted:2009-11-06 13:40:00 GMT
Filed under: Before the bell, International markets, Employees, Market matters, Economic data, DJIAU.S. stock futures were higher Friday morning, continuing Thursday's strong performance and nearing two-week highs. All eyes this morning will turn to the government's jobs report. While there have been signs of growth an...d recovery in the economy, the labor market has been one of the biggest concerns, as the Federal Reserve statement just from Wednesday attests.U.S....Read More
Source:Blogging Stocks
Posted:2009-11-06 12:45:00 GMT
Filed under: Major movement, Earnings reports, Forecasts, Good news, Competitive strategy, Starbucks (SBUX)Shares of Starbucks (NASDAQ: SBUX) are trading up in after hours trading today after the company posted strong Q4 earnings numbers after the market close.As we noted in our earnings preview, the company was expected to show earnings for the quarter of 21 cents per share on $2.39 billion in revenues....
Source:Blogging Stocks
Posted:2009-11-05 22:40:00 GMT
Filed under: Consumer experience, Employees, Money and Finance Today, Economic data, Personal finance, Politics, Housing, Financial CrisisAfter haggling since September the US Senate finally passed an extension for unemployed persons and extended the credit for first time home buyers. The situation for unemployed perso...ns is dire. Here are just a few facts about their current situation: We have 15 million unemployed vying for just three million available jobs....Read More
Source:Blogging Stocks
Posted:2009-11-05 22:20:00 GMT
High productivity all helped fuel the rally today, partly in hopes that this leads to more hiring in 2010. The lowest number of new jobless claims since January helped as well as the DJIA was floating right around the 10,000 mark at the closing bell. Here were today's unofficial closing bell levels: Dow 10,005.96 +2...03.82 (2.08%) S&P 500 1,066.63 +20.13 (1.92%) Nasdaq 2,105.32 +49.80 (2.42%) Top Analyst Calls Top Market Rumors Continue reading Closing...Read More
Source:Blogging Stocks
Posted:2009-11-05 21:00:00 GMT
Filed under: India, Federal ReserveBernake and the Federal Reserve have kept interest rates low for some time. Interest rates lie somewhere below a quarter point and a zero, giving people very little reason to save. Why should you save money when inflation could work against you and the money will not grow?...
Source:Blogging Stocks
Posted:2009-11-05 14:50:00 GMT
Filed under: Google (GOOG), Apple Inc (AAPL), Pfizer (PFE), Market matters, McDonald's (MCD), Caterpillar (CAT), Bristol-Myers Squibb (BMY), Chevron Corp (CVX), General Mills (GIS), Procter and Gamble (PG), Kimberly-Clark (KMB), Kohl's Corp (KSS), Polo Ralph Lauren'A' (RL), Cramer on BloggingStocks From TheStreet.com... Network Good Managers Take Time: The Innovators Cisco Nails It, Sees Healing Economy TheStreet.com's Jim Cramer says you can be bearish, but you have to admit when you're...Read More
Source:Blogging Stocks
Posted:2009-11-05 14:30:00 GMT
Filed under: Internet, Competitive strategy, Google (GOOG), Apple Inc (AAPL), eBay (EBAY), Amazon.com (AMZN), TechnologyWhile eBay (NASDAQ: EBAY) has been working hard to manage its marketplace in a trying economy, its PayPayl business has been growing comfortably and could become the company's biggest earner. For the ...past two years, eBay has focused on improving the look of its website and helping buyers and sellers to get along in a virtual world...Read More
Source:Blogging Stocks
Posted:2009-11-05 14:00:00 GMT
Filed under: Before the bell, International markets, Cisco Systems (CSCO), Toyota Motor Corp. (TM), Market matters, Economic data, Federal ReserveU.S. stock futures drifted a little lower Thursday morning following Wednesday's Federal Reserve's statement that it was keeping rates at record low levels. However, earnings from tech giant Cisco and an upbeat outllook could give a boost to tech....
Source:Blogging Stocks
Posted:2009-11-05 12:40:00 GMT
Filed under: Forecasts, Bad news, Consumer experience, Money and Finance Today, Economic data, Personal finance, Housing, Financial CrisisThe National Bankruptcy Research Center reported that there were 135,914 bankruptcies in October, up 9%. One third of the bankruptcies were filed under Chapter 13. Chapter 13 require...s that the court set up a five year repayment plan for debts owed. In addition business bankruptcies were up 7% for the same period.The forecast is for...Read More
Source:Blogging Stocks
Posted:2009-11-04 23:20:00 GMT
Filed under: Earnings reports, Forecasts, Good news, Cisco Systems (CSCO), Market matters, Technology, RecessionFollowing today's market close, technology giant Cisco Systems (NASDAQ: CSCO) had its chance to impress Wall Street with its fiscal first quarter results, and the company did not disappoint.Going into this af...ternoon's earnings report, analysts had been expecting to see the company show earnings of 31 cents per share, but the company surprised to the upside by posting...Read More
Source:Blogging Stocks
Posted:2009-11-04 23:00:00 GMT
Filed under: Competitive strategy, AT and T (T), Verizon Communications (VZ)AT&T, Inc. (NYSE: T) has seen incredible gain on the back of the Apple iPhone in the last two years. So much, in fact, that its national wireless network is most likely strained -- causing many an iPhone customer to constantly have problems wit...h their service.Continue reading Let the war begin: AT&T sues Verizon Wireless over advertising claimsLet the war begin:...Read More
Source:Blogging Stocks
Posted:2009-11-04 22:00:00 GMT
Filed under: Internet, Starbucks (SBUX), Best Buy (BBY), Media World, TechnologyCompany attitudes toward social media sites vary. Some swing the doors wide open, allowing employees to tend to their Facebook farms and update Twitter statuses throughout the day. Others lock 'em down, keeping non-business site access to a... minimum. A recent study found that, in the United States, 77% of employees with Facebook accounts check in with the community from the...Read More
Source:Blogging Stocks
Posted:2009-11-04 21:15:00 GMT
Today was an odd trading day considering that the FOMC meeting seemed to command far less media time than in the past, but that was because no real changes in its stance were expected. And the FOMC made the pledge to keep rates low for extended periods. There was also a mixed picture on ADP and Challenger jobs data ahead of tomorrow's weekly jobless claims and ahead of Friday's key unemployment...
Source:Blogging Stocks
Posted:2009-11-04 21:00:00 GMT
Filed under: Market matters, Money and Finance Today, Economic data, Politics, Federal Reserve, Recession, Financial CrisisThe Federal Reserve Open Market Committee (FOMC) issued its statement almost exactly as expected. The language on interest rates is remaining low for an extended period of time remained largely unc...hanged, and the decision was unanimous. As I have mentioned earlier, the Fed continues to avoid any potential language which could disrupt the financial markets....Read More
Source:Blogging Stocks
Posted:2009-11-04 20:45:00 GMT
Filed under: Good news, Management, Rants and raves, Berkshire Hathaway (BRK.A), Serious Money, Headline news, Burlington Northern Santa Fe (BNI), Best Stocks for 2009Yesterday it was announced very loudly that "my pal Warren" was going to acquire the 77.4% of the Burlington Northern Santa Fe (NYSE: BNI) railroad, that... Berkshire Hathaway (BRK.A) does not already own, for $100 per share, offering about a $24 premium to Mondays closing price.Talk about putting...Read More
Source:Blogging Stocks
Posted:2009-11-04 19:40:00 GMT
Filed under: Newsletters, AFLAC Inc (AFL), Colgate-Palmolive (CL), Stocks to Buy"One way to build an inflation hedge into your investment cash flows is to focus on stocks that are likely to boost their dividends on a regular basis," explains dividend specialist Chuck Carlson. In his The DRIP Investor, which focuses on ...blue chip companies offering dividend reinvestment programs, he notes, "Since dividends are paid with cold cash, they can't be faked....Read More
Source:Blogging Stocks
Posted:2009-11-04 16:40:00 GMT
Filed under: General Motors (GM)"Treasury's own analysis suggests that the circumstances necessary for the companies to reach market capitalizations high enough for Treasury to fully recovery its equity investments are unlikely," a Government Accounting Office report on the taxpayer-funded bailouts of General Motors an...d Chrysler found.The problem is this: In order for taxpayers on General Motors to be made whole, GM will have to hit a market capitalization of $66.9 billion.The...Read More
Source:Blogging Stocks
Posted:2009-11-04 15:00:00 GMT
Filed under: Market matters, Stocks to Buy, Cramer on BloggingStocks From TheStreet.com Network Health Insurers Don't Deserve Vitriol Google's Kill Count Grows TheStreet.com's Jim Cramer says stocks like WellPoint are buys again because the months of rhetoric will end. Buy WellPoint (NYSE: WLP) (Cramer's Take...). Right now. That's what I thought the moment I saw Chris Christie's shocking triumph in my home state last night....Read More
Source:Blogging Stocks
Posted:2009-11-04 14:00:00 GMT
Filed under: Before the bell, International markets, Time Warner (TWX), Berkshire Hathaway (BRK.A), Market matters, Johnson and Johnson (JNJ), Economic data, Oil, Federal Reserve, Burlington Northern Santa Fe (BNI)U.S. stock futures climbed on Wednesday morning, ahead of the decision by the Federal Reserve on interest-...rate and monetary policy. This afternoon, the Fed will give its outlook on the economy and the corresponding policy it's taking....Read More
Source:Blogging Stocks
Posted:2009-11-04 12:30:00 GMT
Filed under: Major movement, International markets, Deals, Market matters, Money and Finance Today, CommoditiesHere's a shocker! India's central bank just bought 200 tons of gold! Do you know why India bought the gold? India's finance minister said the reason for the purchase was that the economies of Europe and the US... had "collapsed." India swapped $6.7 billion dollars for gold equivalent to 8% of world annual mine production....Read More
Source:Blogging Stocks
Posted:2009-11-03 23:00:00 GMT
Filed under: Forecasts, Federal Reserve, Financial CrisisOne modest ray of light on the fiscal front for the United States: the U.S. Treasury, as expected, announced that total borrowing for the current quarter (October quarter) will be 43% lower, as a result of a reduction in money needed to help the U.S....
Source:Blogging Stocks
Posted:2009-11-03 22:00:00 GMT
Filed under: Products and services, Launches, Apple Inc (AAPL)Apple Inc.'s (NASDAQ: AAPL) iPhone has been selling like gangbusters in the U.S. since its debut in June 2007, but that kind of fever -- and the fever U.S. consumers felt at every iPhone launch in the U.S. -- seemed tepid by comparison when China Unicom unle...ashed the iPhone for sale last week.Continue reading Apple's iPhone sees lukewarm reception in China debutApple's iPhone...Read More
Source:Blogging Stocks
Posted:2009-11-03 21:15:00 GMT
Was today about stocks, or was it about the FOMC starting its 2-day meeting? Or was it about mergers or a huge Indian gold purchase? Markets were mixed late in the day after having been in negative territory earlier. Here were today's unofficial closing bell levels:Dow 9,771.91 -17.53 (-0.18%) S&P 500 1,045.41 +2....53 (0.24%) Nasdaq 2,057.32 +8.12 (0.40%)Top 10 Analyst CallsTop Market RumorsContinue reading Closing Bell: The great mixed day (BDK,...Read More
Source:Blogging Stocks
Posted:2009-11-03 21:00:00 GMT
Filed under: Google (GOOG), AT and T (T), Sprint Nextel Corp (S), Initial public offerings, Garmin Ltd (GRMN)Founded in 1999, TeleNav was one of the first companies to deploy GPS navigation on a cell phone in North America. Now, the company has more than 11 million paying end users.What's next?...
Source:Blogging Stocks
Posted:2009-11-03 17:00:00 GMT
