A federal appeals court has upheld the conviction of Jeffrey K. Skilling on charges of fraud stemming from the 2001 collapse of Enron, the company he once ran. But, The New York Times's Floyd Norris writes, the ruling, released on Tuesday, left open the possibility that Mr. Skilling might yet win a new trial because [...]
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Talbots shares jumped 24 percent on Tuesday, a day after the women's apparel retailer said it entered into agreements with three banks to secure a total $150 million in committed lines of credit. Talbots said it agreed with Mizuho Corporate Bank, Sumitomo Mitsui Banking Corp. and the Norinchukin Bank to convert each of their existing uncommitted [...]
Click charts to ENLARGE.Nouriel Roubini has had a hot hand. How we use his negativity is up to us.Oversold by stochastics? Not so much.___________________________________________________State of the SP500 individually?90 percent of the stocks exceed the ten day moving average. Only 3 stocks (DOW, EQR, and BBT) are oversold by 14 day stochastics. This is the LOWEST I have seen. No worries, eh?__...
It is the Year of the Rat in China. Perhaps they could change that to the Year of the Dog so that it would be in keeping with the general mood. One of the hopes of the US car companies is that China, the world's second largest auto market after America, would keep up double-digit vehicle sales growth. An economy with 10% GDP increases and a ballooning middle class had to be the salvation of the...
Back in those sweet, sweet college days, a small group of friends came up with a category of people we weren't terribly fond of.* We called 'em "parade rainers," and their crimes against our sensibilities typically took the form of finding something negative to say about, some set of caveats to offer concerning, some form of doubt or discounting to apply to somebody else's success. It...
Hello everybody and welcome! No more to add about what happened yesterday, as you can read last hours post. Dollar is loosing ground yet German Unemployment rose 18 K over the month bringing the jobless rate to 7.6%, seems the economic slowdown has started to reach the labor market there. Today we only have to pay attention to the ADP in the U.S. a private survey ahead of this Friday Non Farm P...
The first REIT that I’m taking a closer look at is Lexington Realty Trust (NYSE: LXP). Lexington Realty Trust owns 288 properties totaling 48.8 million square feet in 44 states. The company focuses on triple-net leased properties, which would normally suggest a high percentage of retail properties. However, Lexington’s portfolio is 74% office, 18% industrial, and 8% retail. At the e...
For the last few years, the annual Consumer Electronics Show in Las Vegas has kicked off the week’s festivities with a sort of mini-tradeshow known as CES Unveiled, a press event which features dramatically scaled down displays from a few dozens companies. This event - and similar ones held each of the next two nights - are a chance to see scads of products in a very short time frame. Tie...
Greetings from Las Vegas, where Tiernan Ray and I are spending the rest of the week to bring you all the news from this year’s Consumer Electronics Show. The show floor doesn’t actually open until Thursday morning, but the festivities kicked off tonight with a mini version of the giant trade show known as CES Unveiled, at which a few dozens companies display some of their choicest w...
OK, this post isn't as late as I thought it would be. I got an opportunity to do a post. One funny thing is that I notice that ProphetCharts finally (after all these years........) has volume on the Dow 30 graph ($INDU). You'd think I would know about this! Oh, well. As you can see, volume continues to be completely tepid, and we're well past any "holiday season" excuse. Trading is dead compare...