Bloomberg says that global corporate profits are being hit by the Euro crisis. Maybe so, but second quarter corporate taxes in the US hit a 4 year record. Europe’s debt crisis is putting pressure on corporate earnings globally with companies from Procter & Gamble Co. (PG) to Danone (BN) cutting forecasts and signaling profits will…
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Charities Honor Mafia Bankster Dons
by Newswires • • 0 Comments
In the past two months, half a dozen current and former bank chiefs have been honored in New York along with Thain, the former CEO of Merrill Lynch & Co. who arranged its 2008 sale to Bank of America Corp. (BAC) and left after Merrill’s $15 billion loss forced the combined firm to seek more…
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Sandusky and How Things Work | Capitalstool.com
by Newswires • • 0 Comments
by Jorma The Sandusky thing represents a broader aspect of how things work. To wit those at the top of powerful institutions, governmental, corporate, military or any other are protected by the institution and all its members. In addition government legal powers are taught to steer clear of those powerful institutions. Sandusky was protected for…
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Putin- Champion of Free Market Competition
by Newswires • • 0 Comments
“State capitalism is not our goal,” Vladimir Putin said in his first big speech on the economy since his return to the Kremlin, managing to leave investors at Russia’s premier business forum little wiser as to how serious he is about selling state assets. Privatisation has come to the fore as Russia’s most divisive policy…
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Surviving the investment bank killing zone – Reuters
by Newswires • • 0 Comments
Investment banking faces a shakeout and only large commercial players and boutiques offering outstanding service will survive and prosper, the head of emerging markets banking specialist Renaissance Group told Reuters. Investment banks are undergoing wrenching change as weak financial markets force companies to pull back on raising capital and striking deals, cutting the flow of…
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Chinese Data Said to Be Manipulated, Understating Slowdown – NYTimes.com
by Newswires • • 0 Comments
As the Chinese economy continues to sputter, prominent corporate executives in China and Western economists say there is evidence that local and provincial officials are falsifying economic statistics to disguise the true depth of the troubles. Record-setting mountains of excess coal have accumulated at the country’s biggest storage areas because power plants are burning less…
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Latest Lagging Government Housing Index Confirms New 12 Month High In Median US Home Price
by Lee Adler • • 0 Comments
FHFA Press Release- Washington, DC – U.S. house prices rose 0.8 percent on a seasonally adjusted basis from March to April, according to the Federal Housing Finance Agency’s monthly House Price Index. The previously reported 1.8 percent increase in March was revised downward to reflect a 1.6 percent increase. For the 12 months ending in April, U.S.…
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NAHB Data Shows Increasing Model Home Traffic, Sales Should Follow
by Newswires • • 0 Comments
Wall Street Examiner Home Sales Charts updated June 18 showing traffic improving with a widening gap over sales, suggesting increased sales to come. – Lee Adler Unedited NAHB Press Release June 18, 2012 – Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous…
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Biggest Stocks Beat S&P 500 Most in 13 Years as Valuations Fall – Bloomberg
by Newswires • • 0 Comments
The largest U.S. companies are beating the average stock in the Standard & Poor’s 500 Index by the most in more than a decade, fueled by rising dividends, valuations 31 percent below the historical average and fear. Companies in the S&P 100 from Apple Inc. to Bank of America Corp. (BAC) have gained 7.7 percent…
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No let-up for Spain, Italy pain after Greek vote | Reuters
by Newswires • • 0 Comments
Spain called on Monday for the European Central Bank to step in to fight financial market pressure after any hopes that the Greek election result might ease the strain on vulnerable Spanish and Italian debt were dashed… The yield on Spain’s 10-year bond went above the 7 percent widely viewed as unsustainable. Italy’s was just…
