Economy Blog » 2008 » February

Cott (COT) loses shelf-space at Wal-Mart (WMT). Falls to $2.42 from 52-week high of $17.33. USEC (USU) drops on high costs and plant closings. Sells off to $6.41 from 52-week high of $25.65. Raymond James Financial (RJF) says market conditions are getting worse. Stock down to $23.65 from 52-week high of $37.60. Tessera Technologies (TSRA) has patent lawsuit slowed up by ITC. Runs off to $22.15 from 52-week high of $46.43. Healthways (HWAY) cuts outlook for this years. Shares move down to $28.43 from 52-week high of $71.22. Douglas A. McIntyre
…
Original Source

26 February, 2008| Economy | Comments (0) @ 21:01

Comcast Packed The Net Neutrality Debate At Harvard

Yesterday a cameraman for the Free Press caught two members of the audience napping during an FCC hearing on net neutrality at Harvard Law School. Now we don’t blame them for snoozing through a meeting about net neutrality—our eyes glaze over just thinking about it—but it does raise the question: why would you go to an FCC hearing if you are bored by that type of thing?
…
Original Source

26 February, 2008| Economy | Comments (0) @ 20:43

The Business Day In Global Warming (LDK, CPST, USU, FPL, ZAAP, FTEK, HVAG)

LDK Solar Co. (NYSE:LDK) stock fell 7% to $30.05 in the last hour of trading today after yesterday’s earnings, but it was mainly a lackluster guidance. This was actually up in after-hours trading yesterday. This solar player had already warned us about the same issues back in January, so this shouldn’t have been that big of a surprise. Capstone Turbine (NASDAQ: CPST) scored another small gain of 2% or 3% before coming off at the end of the day, after a huge run yesterday. This remains our own top pick of the small emerging alternative energy players, and this now…
…
Original Source

26 February, 2008| Economy | Comments (0) @ 20:41

Fed’s Kohn: Weak Growth Bigger Risk Than Inflation

Federal Reserve Vice Chairman Donald Kohn suggested policymakers may need to lower rates still further to offset the “important” risks facing the economy.

…
Original Source

26 February, 2008| Economy | Comments (0) @ 20:27

FX: Regional Currencies Ease Against U.S. Dollar

This followed an overnight surge against the weakened greenback….
Original Source

26 February, 2008| Economy | Comments (0) @ 20:00

Taiwan?s Industrial Production Surges in January

Output is expected to moderate this year, but sales to China may result in an upside surprise….
Original Source

26 February, 2008| Economy | Comments (0) @ 20:00

Buying Up Builders

Maybe it’s sort of a good-is-bad, bad-is-good, but the release of more depressing housing data has fostered a buying spree in homebuilders today. The SPDRs Select S&P Homebuilders ETF has gained more than 5% in action today….
Original Source

26 February, 2008| Economy | Comments (0) @ 19:58

Paging Randle McMurphy

(February 26, 2008 11:33 AM, by Arnold Kling) My latest essay talks about the possibility of letting groups of people splinter off to form new states within the……
Original Source

26 February, 2008| Economy | Comments (0) @ 19:33

Leaders and laggards among ADR.

Most of world indices are in negative on year to date 2008. Let’s have a look at international stocks listed on US markets which are beating performance and also stocks that are below. Statistics show two emerging markets from BRIC. But with opposite performance.Measured by Bank of New York ADR indices leaders are:Brazil ADR Index 6.54%Mexico ADR Index 3.63%Brazil ADR Index main constituents:…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:31

How the Optics of Wealth Fuelled the Argentine Debt Boom

Megan McArdle and Tyler Cowen are talking today about the optics of wealth, concentrating on Cuba. Why would people think that Cuba is doing better than northern Mexico, when the opposite is true? And more broadly, why do rich countries like Iceland and Korea feel much poorer than they are, while the opposite is true in countries like the Czech Republic?
…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:30

Elliot Accuses Cedar Of Espionage

New York-based hedge fund Elliot Associates filed suit today against Cedar Hill Capital Partners, claiming Cedar schemed to “literally steal [proprietary] software in order to use it for its own trading activities,” an act Elliot deems “nothing short…of corporate espionage.” The software in question is used to analyze fixed-income securities for trading CDOs, and according to the firm, took upwards of two years and millions of dollars to develop. Shed some light time: Elliot manages around $10 billion so it wouldn’t be so far fetched to think Cedar Hill might want some of that. Then again, the firm is run by Paul Singer, who a quasi-reliable source tells DealBreaker is “John Nash-paranoid.” (W…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:29

FDIC Classifies ‘Problem’ Banks

The FDIC classified 76 banks as ?problem? institutions for the fourth quarter of 2007, up from 65 in the third quarter, showing that a growing number of financial institutions are under strain.
?Problem? institutions are those under closer regulatory scrutiny, as the banks are more likely to have weak capital cushions to prevent against failure. The FDIC never identifies which institutions are on the list, as it could lead customers to rapidly withdraw funds from the bank.
…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:26

Want a Bonus? Save a Tree

Will your employer soon be paying you to buy a Prius?
My column today explores how some small companies are experimenting with a new kind of perk: “green benefits” that reward employees for being environmentally conscious.
…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:15

Municipal Bonds: Eisinger’s Response to Carney

Jesse Eisinger is of course eternally grateful for my defense of his article against the imprecations of John Carney. But he has more to add:
…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:14

Googling ‘Slowdown’

No man is an island, as the saying goes, and eventually, no one company is an island, either, at least when it comes to the reality of economic cycles.
Shares of Google are off by 7% today, c…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:07

Did Homebuilders Finally Bottom? (DHI, TOL, LEN, CTX, HOV, BZH, XHB)

If you have been watching homebuilders of late, you’ll notice a sharp disconnect between the headlines still coming out and the stock prices of many homebuilders. The move today is partly attributed to Sam Zell’s interview on CNBC saying this spring should mark the bottom in housing. The SPDR S&P Homebuilders (AMEX: XHB) ETF shares are up 6.3% at $22.56 today, and its 52-week low is $15.22. Keep in mind that Zell has that Gafisa SA (NYSE: GFA) as one of his big plays in Brazil, which we recently noted as one of Jim Cramer’s top picks in Brazil. We…
…
Original Source

26 February, 2008| Economy | Comments (0) @ 19:06

Buy Home Depot Now

addslashes(…
Original Source
)

26 February, 2008| Economy | Comments (0) admin @ 19:02

Dependent Variables in Political Prediction Markets

There’s a great example of the mathematics of dependent and independent variables over at InTrade right now. The betting company has just launched a CLINTON.LIFELINE contract, which reflects her chances of winning all three of the Ohio, Texas, and Pennsylvania primaries. At the moment, it’s trading at 11.2%.
Clinton’s chances of winning Ohio, according to InTrade are 55.1%; her chances in Texas are 29.4%; and her chances in Pennsylvania (which doesn’t happen until April 22) are 22%. If all these three probabilities were independent of each other, her chances of winning all three would be just 3.6%. On the other hand, at the other end of the spectrum one can imagine a world in which if Clinton won the most improbable state (Pennsylvania), she’d be bound to win the more probable states of Ohio and Texas. In that case, the chances of her winning all three states would be 22%.
…
Original Source

26 February, 2008| Economy | Comments (0) @ 18:42

They Just Don’t Get Liberty Media!

They Just Don’t Get Liberty Media!

…
Original Source

26 February, 2008| Economy | Comments (0) admin @ 18:38

In Defense of the Patriot Employer Act

Willem Buiter and Anne Sibert are really tough on Barack Obama today, calling his Patriot Employer Act "reactionary, populist, xenophobic and just plain silly". Andrew Leonard doesn’t even attempt to defend Obama on the merits, instead painting this Act as a politically-motivated attempt to win Ohio and therefore the presidency.
…
Original Source

26 February, 2008| Economy | Comments (0) @ 18:29

Página anterior | Siguiente página

Sitios de Webalalza

Sites of Webalalza

Categories:

Economy

February 2008
S	M	T	W	T	F	S
« Jan				Mar »
					1	2
3	4	5	6	7	8	9
10	11	12	13	14	15	16
17	18

Economy Blog Everything about the economy in a single blog

Sitios de Webalalza

Sites of Webalalza

Economy Blog
Everything about the economy in a single blog