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"Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. Here Are Receipts"
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KawasakiÂ’s new rideable robohorse is straight out of a sci-fi novel
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‘Are You Prepared for Violence?’
Greek Orthodox Archbishop gives President Trump a Cross, tells him "Make America Invincible"
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"Ending EPA Overreach"
Closest Look Ever at How Pyramids Were Built
Moment the SpaceX crew Meets Stranded ISS Crew
The Exodus Pharaoh EXPLAINED!
Did the Israelites Really Cross the Red Sea? Stunning Evidence of the Location of Red Sea Crossing!
Are we experiencing a Triumph of Orthodoxy?
Judge Napolitano with Konstantin Malofeev (Moscow, Russia)
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Introducing Manus: The General AI Agent
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Any suggestion that the USA and NATO are "Helping" or have ever helped Ukraine needs to be shot down instantly
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ACDC & The Rolling Stones - Rock Me Baby
Magnus Carlsen gives a London System lesson!
"The Democrats Are Suffering Through a Drought of Generational Talent"
7 Tactics Of The Enemy To Weaken Your Faith
Strange And Biblical Events Are Happening
Every year ... BusiesT casino gambling day -- in Las Vegas
Trump’s DOGE Plan Is Legally Untouchable—Elon Musk Holds the Scalpel
Palestinians: What do you think of the Trump plan for Gaza?
What Happens Inside Gaza’s Secret Tunnels? | Unpacked
Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225
EXPOSED: The Dark Truth About the Hostages in Gaza
New Task Force Ready To Expose Dark Secrets
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Pete Hegseth will be confirmed in a few minutes
"Greg Gutfeld Cooks Jessica Tarlov and Liberal Media in Brilliant Take on Trump's First Day"
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French doors
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"CNN pundit Scott Jennings goes absolutely nuclear on Biden’s ‘farce’ of a farewell speech — and he’s not alone"
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Latest Articles: Business
Another 'Flash Crash' Coming? Some Market Pros Think So
Post Date: 2010-06-22 09:51:07 by Badeye
1 Comments
Another 'Flash Crash' Coming? Some Market Pros Think So Published: Monday, 21 Jun 2010 | 2:09 PM ET Text Size By: Jeff Cox CNBC.com Staff Writer The May 6 "flash crash" may be history, but its after-effects—and threat to the stock market—continue to loom large after two recent mini-crashes in individual stocks. Regulators have characterized the initial flash crash, which saw the Dow lose nearly 1,000 points in a matter of minutes, as a one-off occurrence possibly attributable to a "fat finger" trade or some other market anomaly. But a growing chorus of traders and legislators believe the flash crash is symptomatic of a larger problem with ...
Oklahoma Revenue Improves By $308.6 Million As State Economy Pulls Out Of National Slump
Post Date: 2010-06-21 18:50:13 by Brian S
1 Comments
Oklahoma will have $308.6 million more than expected available in revenue in the coming fiscal year, a state board projected — a sign Gov. Brad Henry cited Monday as showing that Oklahoma is slowly pulling out of the national economic slump. The state Board of Equalization, which is comprised of Henry and other statewide elected and appointed officials, certified that money from the general revenue fund and other sources will total more than $4.97 billion during the fiscal year that begins July 1. That's a 6.6 percent increase over the board's February estimate of $4.66 billion. Henry said the increase indicates the state's economy is slowly improving following more than ...
U.S. Profit-Margin Outlook `Extremely Bad': Chart of the Day
Post Date: 2010-06-21 15:47:17 by Badeye
4 Comments
U.S. Profit-Margin Outlook `Extremely Bad': Chart of the Day By David Wilson - Jun 21, 2010 Profit margins for U.S. companies are likely to tumble from last quarter’s record, a decline that will lead to much lower earnings than analysts expect, according to economist Andrew Smithers. “The corporate sector’s outlook is extremely bad,” Smithers, founder and chairman of the investment-advisory firm of Smithers & Co., said last week in an interview. “I can’t see any way out of it.” As the CHART OF THE DAY shows, profit before interest, taxes and depreciation -- accounting adjustments for wear and tear on buildings and equipment -- amounted to 36.4 ...
Bank failure is 83rd in '10; pace more than double last year's
Post Date: 2010-06-21 09:36:58 by Badeye
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Bank failure is 83rd in '10; pace more than double last year's Posted 2d 8h ago | Comments 149 | Recommend 17 E-mail | Save | Print | By Mark Wilson, WASHINGTON (AP) — Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year. The 83 closures so far this year is more than double the pace set in all of 2009, which was itself a brisk year for shutdowns. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks' losses mount on loans made for commercial property and development. The Federal Deposit Insurance Corp. took over Nevada Security Bank, based in Reno, with $480.3 million in assets and ...
Canada's Economy Is Suddenly The Envy Of The World
Post Date: 2010-06-20 13:56:04 by Brian S
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TORONTO (AP) -- Canada thinks it can teach the world a thing or two about dodging financial meltdowns. The 20 world leaders at an economic summit in Toronto next weekend will find themselves in a country that has avoided a banking crisis where others have floundered, and whose economy grew 6.1 percent in the first three months of this year. The housing market is hot and three-quarters of the 400,000 jobs lost during the recession have been recovered. World leaders have noticed: President Barack Obama says the U.S. should take note of Canada's banking system, and Britain's Treasury chief is looking to emulate the Ottawa way on cutting deficits. The land of a thousand stereotypes - ...
BP’s Plan: Raise $50 Billion, Sue Business Partners
Post Date: 2010-06-20 11:41:56 by Brian S
4 Comments
BP is trying to raise 50 billion dollars to cover the cost of the Gulf of Mexico spill and is preparing to sue its partners in the oil field, British newspapers said on Sunday. The Sunday Telegraph said BP is readying to take legal action against US firm Anadarko, its main partner in the field, for its share of the clean-up costs. The broadsheet cited a "senior BP source" as saying Anadarko was "shirking its responsibilities", not accepting its liabilities and that legal action in the United States is now likely to follow. The Sunday Times said BP is working on a plan to raise 50 billion dollars to cover the cost of the oil spill, which would start next week with a ...
Caterpillar posts strong machine sales in May
Post Date: 2010-06-18 13:33:14 by Brian S
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NEW YORK (AP) -- Caterpillar Inc. said Friday its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset declines in European sales. It was the first time since August 2006 the company has reported year-over-year growth in North America machine sales, said Jefferies & Co. analyst Stephen Volkmann. "While this is in line with our view that the industrial economy is recovering, it is also somewhat stronger than even we had expected," he added. Caterpillar is the world's largest maker of construction and mining equipment. Because its iconic yellow-and-black equipment is used in many ...
Moody's Downgrades BP ... Again
Post Date: 2010-06-18 12:37:08 by Brian S
2 Comments
NEW YORK (CNNMoney.com) -- Moody's Investors Service cut BP's long-term rating by three notches Friday, marking the second downgrade in a month, citing the worsening impact of the oil disaster. Moody's cut BP's senior unsecured ratings and long-term debt securities to Aa2 from A2 and said there could be further downgrades as it continues to review BP's ratings. "Moody's update assessment is that the spill will have a sustained negative impact on the group's free cash flow generation and overall financial profile for a number of years," said the rating agency in a statement. Also on Friday, Moody's downgraded the senior unsecured issuer rating ...
Nevada Takes Dubious Jobless Title From Michigan
Post Date: 2010-06-18 12:31:28 by Brian S
1 Comments
NEW YORK (CNNMoney.com) -- Nevada's jobless rate hit a record high last month and and is now the highest in the nation, the first time in four years that Michigan doesn't hold that distinction, according to a government report released Friday. The Silver State's unemployment rate climbed to 14% in May, the highest in the state since 1976 when the Labor Department began collecting the data. It was up from 13.7% in April. Meanwhile, joblessness slipped to 13.6% from 14% the previous month in Michigan, which has been ravaged by the struggles of the auto industry. The state has been the leader in unemployment rate since April 2006. During the last year, Nevada has lost a net ...
How Halliburton Is Profiting From The Gulf Oil Spill
Post Date: 2010-06-18 12:28:47 by Brian S
1 Comments
Shortly before the Deepwater Horizon blowout, Halliburton bought an oil spill prevention firm. The oil-services industry is consolidating, which is not necessarily good news for quality, experts say. By Matt Rocheleau, Contributor / June 18, 2010 Eleven days prior to the April 20 Deepwater Horizon blowout, Halliburton Co., the contractor in charge of cementing the rig's well, agreed to purchase a little-known company. The firm, Boots and Coots, focuses on oil spill prevention and blowout response. Now, it is assisting with the relief well work – under contract to BP – to help stop the Gulf oil spill. What appears to conspiracy theorists as more than a coincidence is ...
Toyota Plunges to 21st in Auto-Quality Survey; Ford Makes Top 5
Post Date: 2010-06-17 13:46:50 by Brian S
4 Comments
By David Welch June 17 (Bloomberg) -- Ford Motor Co. and Toyota Motor Corp. both set records for their namesake brands in the annual J.D. Power & Associates automobile-quality survey, with Ford making its first foray into the top five performers and Toyota dropping to its worst ranking since the report began. Toyota fell to 21st place from sixth in the Westlake Village, California-based market-research firm’s initial quality report, which measures consumer complaints in the first 90 days of vehicle ownership. High scoring brands do a better job of keeping customers, with owners of cars in the top quartile buying the same brand 59 percent of the time while brands in the bottom ...
Chrysler Won't Shut Down All Operations In Summer
Post Date: 2010-06-17 12:54:11 by Brian S
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DETROIT (AP) - Chrysler Group LLC says it will end a cost-saving requirement that all workers take the same two weeks off during the summer. For the past two years, the automaker shut down all of its operations for two weeks in July as it switched factories from one model year to the next. But spokeswoman Shawn Morgan says the company is in better financial shape and will let its 10,000 U.S. salaried employees to take vacations as they wish this summer. Chrysler's factories still will be closed from July 12 to 23. Morgan says salaried workers are busy updating the company's vehicles. Chrysler plans 16 new or updated cars and trucks by the end of this year.
General Motors To Keep Most Factories Open During Summer Shutdown To Meet Increased Demand
Post Date: 2010-06-17 12:51:12 by Brian S
1 Comments
DETROIT - General Motors Co. said Thursday that it will keep most of its U.S. factories open through the normal two-week summer shutdown to meet demand for some of its vehicles. The automaker will keep nine of 11 assembly plants open to make 56,000 more vehicles that are in high demand, such as the Buick LaCrosse luxury sedan and the Chevrolet Traverse large crossover vehicle. GM said in a statement that the company is trying to reduce waiting time for dealers and customers to get vehicles. Plants that will stay open from June 28 to July 9 are located in Arlington, Texas; Bowling Green, Kentucky; Fort Wayne, Ind.; Hamtramck, Michigan, Kansas City, Kansas; Flint, Michigan; Delta Township, ...
Toyota Restarting Construction On Mississippi Plant As Auto Market Recovers
Post Date: 2010-06-17 12:49:44 by Brian S
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TOKYO - Toyota will restart the delayed construction of its Mississippi plant, which will provide 2,000 jobs and be up and running by the fall of next year, the Japanese automaker said Thursday. Toyota Motor Corp.'s auto plant in Blue Springs, Miss., was initially planned to be completed by 2010, but building was suspended after the U.S. economy nose-dived in late 2008. The Mississippi plant will make 150,000 Corolla compact cars a year, a change of plans from the initial plan to make the Prius hybrid there, Toyota said. Toyota President Akio Toyoda said he was happy to make the announcement, and expressed appreciation for the understanding on the delay shown by Mississippi Gov. ...
Leading Economic Index in U.S. Rises in Sign of Lasting Rebound
Post Date: 2010-06-17 11:18:11 by Brian S
2 Comments
June 17 (Bloomberg) -- The index of U.S. leading indicators rose 0.4 percent in May, signaling the world’s largest economy will keep expanding in the second half of the year. The increase in the New York-based Conference Board’s gauge of the outlook for three to six months matched the median forecast of economists surveyed by Bloomberg News. The measure climbed for the 13th time in the past 14 months. The breadth of gains within the index indicates the European debt crisis will not derail the rebound from the worst recession since the 1930s. Another report today that showed first-time claims for jobless benefits unexpectedly climbed last week is a reminder that the job market ...
Jobless Claims in U.S. Unexpectedly Increased 12,000 Last Week to 472,000
Post Date: 2010-06-17 11:10:40 by Brian S
3 Comments
June 17 (Bloomberg) -- The number of Americans seeking jobless benefits last week unexpectedly rose to a one-month high, indicating firings are staying elevated even as the U.S. economy grows. Initial jobless claims increased by 12,000 to 472,000 in the week ended June 12, Labor Department figures showed today in Washington. Economists surveyed by Bloomberg News projected 450,000 claims, according to the median forecast. The number of people receiving unemployment insurance rose, while those getting extended benefits dropped. Some companies are trimming payrolls to boost or maintain profits at the same time overall employment has grown each month this year. The figures show that bigger ...
Manufacturing Expansion in Philadelphia Area Slows
Post Date: 2010-06-17 11:09:46 by Brian S
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June 17 (Bloomberg) -- Manufacturing in the Philadelphia region expanded in June at a slower rate than forecast as a measure of factory employment contracted for the first time in seven months. The Federal Reserve Bank of Philadelphia’s general economic index dropped to 8, a 10-month low, from 21.4 in May. Readings above zero signal growth in the regional gauge, which covers eastern Pennsylvania, southern New Jersey and Delaware. Economists forecast the measure would fall to 20, according to the median projection in a Bloomberg News survey. Manufacturing, which led the economy out of the worst recession since the 1930s, is easing into a more sustainable pace of growth as the need ...
More Than 90 Banks Miss TARP Payments
Post Date: 2010-06-17 08:07:25 by war
4 Comments
The statistics, compiled by SNL Financial from U.S. Treasury data, showed 91 banks and thrifts skipped the May dividend payment under the Troubled Asset Relief Program, or TARP. It was the first missed payment for 23 of the banks; for the others, it was at least their second miss. The number of banks missing their TARP payments rose for the third straight quarter. In February, 74 banks deferred their payments; 55 deferred last November. SNL Financial's analysis found 20 banks have missed four or more payments since the program began in 2008, while eight banks have missed five payments. Under the TARP program, the U.S. Treasury invested in preferred shares issued banks looking for ...
U.S. Industrial Production Increases 1.2%, Most Since August, Led by Autos
Post Date: 2010-06-16 11:42:59 by Brian S
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June 16 (Bloomberg) -- Production in the U.S. rose in May by the most since August, led by increases in automobiles and utilities and showing manufacturers are weathering the effects of the European debt crisis. Output at factories, mines and utilities increased 1.2 percent last month after a 0.7 percent gain in April, figures from the Federal Reserve in Washington showed today. Plant use increased to the highest level since October 2008. Manufacturers are leading the recovery from the worst recession since the 1930s as they replenish inventories, sell more goods abroad and invest in new equipment. A lack of inflation means the Fed has scope to keep the target interest rate near zero ...
FHFA Directs Delisting of Fannie, Freddie Stock From NYSE
Post Date: 2010-06-16 08:16:53 by war
1 Comments
June 16 (Bloomberg) -- The Federal Housing Finance Agency has directed Fannie Mae and Freddie Mac to delist their common and preferred stock from the New York Stock Exchange and any other national securities exchange. When completed, Fannie’s and Freddie’s common and preferred stock is expected to be quoted on the Over–the-Counter Bulletin Board, the agency said in an e-mailed statement.
Credit Card Issuers See Lower Delinquency, Write-Off Rates In May As Consumer Payments Improve
Post Date: 2010-06-15 18:55:24 by Brian S
1 Comments
NEW YORK (AP) — Major credit card issuers on Tuesday posted improved results for May, in another sign consumers are getting a handle in paying back their debts. The rate of payments that were 30 days or more past due fell for all six of the biggest card companies, with Citigroup Inc. posting the biggest improvement. Citi said its delinquency rate dropped to 8.42 percent in May from 9.02 percent in April. Bank of America, JPMorgan Chase, American Express, Capital One and Discover all posted delinquency rate improvements of at least 0.2 percentage points. Delinquency rates have been steadily improving for five months, indicating that consumers have gotten control of their debt payments ...
Stocks, Oil Advance on Manufacturing Growth; Greek Bonds Drop
Post Date: 2010-06-15 17:06:46 by Brian S
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June 15 (Bloomberg) -- Stocks surged, with the Standard & Poor's 500 Index erasing its 2010 loss, and oil rose as growth in New York manufacturing added to signs the global economy is weathering Europe's debt crisis. Greek bonds sank after Moody's Investors Service cut the nation's rating to junk. The S&P 500 climbed 2.4 percent to 1,115.23 at 4 p.m. in New York, the highest close since May 18, as the Federal Reserve Bank of New York's general economic index showed an 11th month of growth. Oil rallied above $77 a barrel and the Reuters/ Jefferies CRB Index of commodities climbed a seventh straight day, the longest streak since March 2007. Greek 10-year bond ...
BP Should Weigh Rebuffing U.S. on Spill Costs, Former Shell President Says
Post Date: 2010-06-15 17:02:33 by Brian S
6 Comments
June 15 (Bloomberg) -- BP Plc may need to offend “or even alienate” U.S. government officials pressuring the company to spend more money on restitution for the oil spill in the Gulf of Mexico, said former Shell Oil Co. President John Hofmeister. BP’s cost to clean up the spill, the worst in U.S. history, may escalate enough to threaten the London-based oil company’s future, Hofmeister, who now runs the advocacy group Citizens for Affordable Energy, said today at a Bloomberg Link Boards & Risk Conference in Washington. “The current political movement by the U.S. government is basically an unlimited liability,” said Hofmeister, who ran the U.S. ...
BP's Credit Rating Is Lowered Six Levels by Fitch to Two Grades Above Junk
Post Date: 2010-06-15 17:00:34 by Brian S
1 Comments
June 15 (Bloomberg) -- BP Plc’s credit rating was cut six levels to two above junk by Fitch Ratings on concern over the potential cost of cleaning up the Gulf of Mexico oil spill and meeting future liabilities. BP’s long-term issuer default and senior unsecured ratings were lowered to BBB from AA, Fitch said in a statement today. That follows a reduction from AA+ on June 3. President Barack Obama and U.S. lawmakers said this week that BP should suspend dividends and set aside funds now for legal claims against the company from the spill, the worst in U.S. history. Fitch said it would be “surprised” if BP didn’t suspend the quarterly payout until the full costs are ...
Will British Petroleum Go Bankrupt?
Post Date: 2010-06-15 11:37:22 by Brian S
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WASHINGTON (Politically Illustrated) – Will British Petroleum go bankrupt? The company has hired financial advisors at Goldman Sachs, Blackstone Group and Credit Suisse as cost uncertainty continues with nearly two months of oil gushing into the Gulf of Mexico. “There’s no truth that we have hired bankers with a defense mandate,” said a BP spokesperson denying reports, saying he did not want to reveal the company’s advisors “who are our advisors and on what they are advising us.” The New York Times is reporting the company hired advisors to study how the firm should handle “mounting liabilities.” “The present system is not working,” ...
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