Aug 23 2013 @ 08:51
I can still remember when “Casual Friday” became all the rage. (You youngsters thought there was always a “Casual Friday,” didn’t you?) I know of one company where the “Casual Friday” expanded to five working days, so they instituted a “Tie Tuesday.” I got to thinking this morning that today might be an ideal day […]
Aug 22 2013 @ 08:56
What is it about the U.S. Federal Reserve Bank that makes the Forex system flutter like a young girls eyelashes when a good looking young man passes by? I’m no Forex expert (thank you for reading anyway), but this monthly encounter between the world and Ben Bernanke is a lot like young love. It has […]
Aug 21 2013 @ 11:08
I moved to Rochester, New York, in 1970. The city’s population at that time was just over 296,000 according to the U.S. census. Sixty-five thousand people, nearly 22% of the entire population of the city worked for Eastman Kodak, the world’s leading manufacturer of cameras and film. My next door neighbor worked for Kodak. In […]
Aug 20 2013 @ 09:03
Glencore Xstrata (
LSE:GLEN) share price tumbled this morning after the mining behemoth reported a first half loss of $8.9 billion. The share price had dropped 1.49% and 4.20 pence by 1:00 pm, falling from 301.95 to 297.45. This is a far cry from last year when pre-Xstrata-acquisition Glencore reported a $2.3 billion profit. In fact, […]
Aug 19 2013 @ 08:53
The share price of the Royal Bank of Scotland (
LSE:RBS) had dropped from 343.6 to 339.3 as of 13:20 today. The consensus on the street is that the decline has come as the result of an statement by W&G Investments (
LSE:WGI). The statement was in reference to the government-mandated divestiture of 315 under-performing RBS branches. […]
Aug 16 2013 @ 10:23
Some rumors just won’t die. Or as a former CEO friend of mine used to say, “The best way to handle rumors is to ignore them.” But ignoring them in the financial news reporting business is probably an exception to the rule. In the stock market it’s the rumors and speculation that make things exciting. […]
Aug 16 2013 @ 08:56
You know it’s going to be an interesting day when you push the start button on your Dell (
NASDAQ:DELL) tower, wait for your Dell monitor to come alive, you begin typing on your Dell keyboard and use your Dell mouse to direct your browser to the financial headlines that practically scream in your face that “Dell […]
Aug 15 2013 @ 08:39
Today will be the day to watch the share price of computer modem manufacturer Cisco (
NASDAQ:CSCO). The company released it’s fourth quarter results for the year ending 27 July, reporting a profit of $2.27 billion, or $0.42 per share. This represents an 18% increase over the Q4 2012, during which the profit was $0.36 per […]
Aug 14 2013 @ 08:13
Just in case I have not made it clear by the end of this article, let me start by saying that I despise the U.S. Environmental Protection Agency. Therefore, I am giving BP (
LSE:BP.) a one-man standing ovation (which is hard to do whilst one is typing). On Monday this week, 12 August 2013, BP […]
Aug 13 2013 @ 08:53
BlackBerry (TSX:BB, NASDAQ:BBRY) “revolutionized mobile phone technology when it was introduced in 1999.” If you were there – and it’s likely, if you are reading this story, that you were – you should remember it well. “I’ve got a BlackBerry,” was the status symbol phrase of the day. Those of us withregular cell phones […]