A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Toll Brothers Swings To 2Q Profit On Fewer Writedowns, More DeliveriesWall Street JournalToll Brothers Inc. (TOL) swung to a bigger-than-expected profit in the fiscal second-quarter, thanks in part to fewer inventory writedowns, as the luxury homebuild...
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Gold SeekHold on for eurobonds, JP Morgan and euro money printing to boost gold and ...Gold SeekAt the same time the long-standing enemy of bullion prices, JP Morgan is in serious trouble with its derivative gambles on the eurozone. Estimates of losses...
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Moneycontrol.comThe numbers on the Facebook earnings revisionsReutersBy Poornima Gupta and Alexei Oreskovic | SAN FRANCISCO (Reuters) - Four of Facebook's major underwriters -- Morgan Stanley, Goldman Sachs, JPMorgan and Bank of America -- reduced ...
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Champion American complainer Jamie Dimon complained on Monday about Wall Street regulation, while also insisting he not be described as a complainer. All the while, his bank’s losses, partly resulting from lax regulation, continued to grow. An initial $2 billion trading loss is now likely well north of $30 billion, including a 19 percent...
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Globe and MailAsian Stocks, Oil, Yen Fall on Greek Talks, Japan OrdersBloombergAsian stocks rebounded from a four- month low, oil rose and the Australian dollar strengthened after economic data in the US, Japan and Singapore beat estimates. Gold and co...
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When Wisconsin job numbers compiled by the U.S. government were on the upswing last year, Governor Scott Walker traveled to Milwaukee to tout them as proof that he was turning around the state’s economy. Now that the Bureau of Labor Statistics figures have shown for months that the state is losing more jobs than...
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Deere Raises Full-Year Forecast as Net Tops Analysts' EstimatesBloombergDeere & Co. (DE), the world's largest maker of agricultural equipment, raised its full-year earnings forecast and posted fiscal second-quarter profit that topped analys...
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American masters of the universe and their toadies give self serving lip service to covering some events in Europe. They are forced to really. But when it comes to the last Ponzi standing, the US, we see little of the kind. For example recent est...
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Petrobras Quarterly Profit Beats Estimates on Oil Export GrowthBloombergPetroleo Brasileiro SA (PETR4), the world's biggest oil producer in deep waters, said first-quarter profit topped analysts' expectations because of increased revenue from c...
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Dividend.comDick's Sporting 1st-qtr beats market expectationsReuters* Q1 EPS $0.45 vs est $0.38 * Q1 sales $1.3 bln vs est $1.23 bln * Q1 same store sales rose 8.4 pct * Raises FY12 EPS outlook to $2.45-$2.48 vs est $2.43 May 15 (Reuters) - Dick...
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ITT 1Q Profit Falls 98% On Spinoff Costs, Exelis 1Q Net Down 15%Wall Street JournalITT Corp.'s (ITT) first-quarter earnings slumped 98% on separation costs, while defense spinoff ITT Exelis Inc. (XLS) reported its first-quarter earnings fell 15%. I...
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PV-TechFirst Solar, SunPower See 2012 Gains After Quarterly LossBloombergFirst Solar Inc. (FSLR) and SunPower Corp. (SPWR), the two largest US solar companies, said restructuring efforts this quarter will improve 2012 results after posting first- quart...
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Boston.comU.S. Retailers' April Sales Trail Estimates on Early EasterSan Francisco Chronicle(Updates with closing prices starting in fifth paragraph.) May 3 (Bloomberg) -- US retailers' same-store sales trailed analysts' estimates for the f...
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Telegraph.co.ukComparing monthly US job gains in the ADP and government reports, at a glanceWashington PostA survey of private companies by payroll provider ADP on Wednesday signaled a slowdown in hiring two days before the government issues the April ...
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Tenneco profit falls 36% on refinancing chargesMarketWatchBy Kristin Jones Tenneco Inc.'s (NYSE:TEN) first-quarter earnings fell 36% as refinancing charges masked a jump in the company's core North American sales. Tenneco, which makes emission-...
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BloombergHon Hai drops; poor end of the iPad value chainImperial Valley PressTAIPEI (Reuters) - Shares in Hon Hai Precision Industry Co Ltd took a beating on Monday after lackluster quarterly profits, in sharp contrast to the booming fortunes of its ma...
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BloombergAdidas Profit Beats ExpectationsWall Street JournalBy HARRIET TORRY And MONICA HOUSTON-WAESCH FRANKFURT—German sportswear and equipment maker Adidas AG Monday raised its guidance for the year after reporting higher-than-expected profit in th...
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Telegraph.co.ukAmazon's Kindle Fire now the #1 Android tabletArs TechnicaBy Ryan Paul | Published April 29, 2012 5:15 PM Data published by comScore shows that Amazon's Kindle Fire has emerged as the dominant Android-based tablet. At the end of ...
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The Good News
Social Security (SS) has released estimates for both payroll tax revenues and benefits paid for April. The results are adjusted for the 2% payroll tax reduction. (The Treasury pays SS monthly for the shortfall.) The numbers tell a...
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OK, so the market doesn't like the claims number, which missed anal cyst's estimates by a wide margin. Let's look at the facts.
Not seasonally adjusted, in other words, actual, claims rose by 102,000. Continuing claims wk ended 12/31 up by 361,000. Ho...
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Gingrich tax 'plan' starves government, feeds the wealthy, rests on flawed assumptions
Angry Bear Blog|Dec. 14, 2011, 8:41 AM|55|1
by Linda Beale
In case you hadn't heard about it, Gingrich would offer taxpayers a choice to pay tax under current polic...
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Analysis: Earnings outlook may be deteriorating rapidly
Reuters – Fri, Dec 2, 2011 6:29 PM EST.. .
By Ryan Vlastelica
NEW YORK (Reuters) - Earnings season is just over a month away, but the early signals are not comforting.
Companies cutting fore...
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NAR will revise down their estimates of existing home sales
The National Association of Realtors, which publishes the monthly report on sales of previously occupied homes, said it will release revisions to home sales for 2007 through 2010 and for the...
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Shock waves from MF Global collapse felt on farms
By Steve Karnowski
Associated Press / December 4, 2011
MINNEAPOLIS—The shock waves from the collapse of commodities trading firm MF Global Inc. are hitting hard across rural America, where farmers,...
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Goldman Sachs is out with its first predictions for how 2012 and 2013 will shape up, and the news isn't all that thrilling.
Led by Francesco Garzarelli in London and Dominic Wilson in New York, the team set out to forecast what markets, currencies, ...
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Wealth-X, the global intelligence, prospecting and wealth diligence company, today released the World Ultra Wealth Report 2011, offering a groundbreaking one-by-one analysis of individuals with a net worth of at least US$30 million. ...
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Disgruntled American workers have yet another reason for pessimism: At the current rate of job creation, the U.S. unemployment rate will not fall back to "normal" levels - below 6% - until 2023.
Through most of this year the U.S. economy has managed to create about 119,000...
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Update: Holy cow.
Total collapse!
The Philly Fed index just came in at -30.7, an epic drop form the +3.2 we saw last month.
Estimates were actually for it to go somewhat higher to +2.
The situation confirms the bad news we got earlier this week...
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