Greece: 20% Cut in Minimum Wage and 15,000 Public Sector Jobs Lost? Ouch..
Prime Minister Papademos, Finance Minister Venizelos, and Greek Bank Governor Provopoulos are expected to sign a draft agreement to secure a $172 billion dollar rescue plan desperately needed by the…
Diamond Foods Now Cooks! ...their books. CEO and CFO Out, Forced to Restate Earnings
Diamond Foods is getting crushed after hours, (down over 43%) on the announcement that they, like an alarming number of corporations, have trouble following longstanding GAAP (Generally Accepted…
Do Your Homework and Stop Looking for the Easy Way Out
The WSJ released an article last night on Nouriel Roubini, nicknamed Dr. Doom for his consistently bearish outlook that happened to accurately foresee the 2008 crisis. Apparently, he's changed his…
Like Bacon? And Milkshakes? And Getting Fat? Jack In The Box Has You Covered..
Thanks to YouTube, I've seen some pretty corpulent culinary concoctions emerge from channels like Epic Meal Time. It looks like Jack In The Box (symbol: JACK) is testing the waters of the fat laden…
Saudi Arabia Will Not Let Oil Go Above $100
According to Saudi Prince Alwaleed bin Talal al Saud, the billionaire head of Kingdom Holding Co., Saudi Arabia is poised to limit the appreciation of oil to no greater than $100 a barrel. "We can…
A New Normal for Energy? - Deal Journal - WSJ
A New Normal for Energy? By Isabella Steger The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young. Of…
Falcone’s Harbinger Capital Hedge Fund Down 47% In 2011
2011 was a brutal year for hedge funds, averaging a miserable -4% return for investors. Billionaire Phil Falcone was no exception as his huge bet on LightSquared dragged performance down to a…
ETFs Are Going BATS … and Why You Should Care!
Contributor Post By: Ron Rowland The ETF marketplace changed last month. You didn’t notice? Don’t worry, you’re not alone. Today I’ll tell you all about it. You already know that “exchange traded…
Coinstar Jumps Over 12% on Earnings
Proof that consumers still love a physical product, Coinstar (owner of Redbox) rocketed over twelve percent in after hours trading. The jump is attributed to a strong earnings report detailing 33%…
Sallie Mae: Fees the Unemployed, Then Deletes Backlash on Facebook
Nominal fees targeted at the demographics who will feel them most simply don't work. Bank of America thoroughly illustrated this concept with the short-lived monthly fee on their debit cards,…