Fed’s Plosser Says He Hasn’t Cut His 2012 Economic Forecast ‘Very Much’ [cut his earlier prediction for 3 percent to 3.5 percent growth in 2012, and also said he has lowered his expectations for 2011]
Philadelphia Fed Reports Steep Manufacturing Drop
Philly Fed factory activity index worst in 2-1/2 yrs
Philly Fed's factory index in August freefall
Drop in Philadelphia-area manufacturing reported
Philadelphia Fed index slumps, home sales fall
Philly Fed at Recessionary Level
Philly Fed – the nightmare index
A Raft of Ugly Data Adds to Street’s Malaise: “Shockingly Weak” Manufacturing
Wisdom From the Philly Federal Reserve
Shocking miss by Philly Fed index sends stocks into free fall
UPDATE: US stocks seen sharply lower after jobs data, FTSE 100 falls
Treasuries Surge on Weak Philly Fed
Dollar, Euro Fall Vs Yen, Franc After Philly Fed Data
US STOCKS SNAPSHOT-Wall St tumbles after Philly Fed data
Philly Fed Reading is -30.7; Gold and Swiss Franc Gain
Gold at new highs as growth fears hit markets
Thursday, August 18, 2011
Thursday, July 28, 2011
Copy Catch: Layoffs Summer 2011: 1,000s
Credit Suisse to Cut 2,000 Staff
HSBC May Slash 10,000 Jobs ... [Aug. 2] HSBC to Cut 30,000 Jobs by 2013 as Costs Rise
Goldman Sachs Targets 1,000 Layoffs
RIM to chop 2,000 jobs worldwide
Cisco Layoffs: 6,500 Jobs Cuts [9% of its global workforce], $1B Expenses Trimmed
RBS to Cut 2,000 Jobs After Posting Huge First-Half Loss
Dendreon plunges on slow sales, plans 'across the board' layoffs [Seattle's largest biotech company already had rocketed in less than two years from 180 employees to about 2,000.]
Bank of America eliminating 3,500 jobs; reports say more cuts expected
Bank of America Confirms 30,000 Layoffs [Sept. 12] / ...Phase I of ["Project New BAC"] Cutting $5 Billion in Costs by End-2013
HSBC May Slash 10,000 Jobs ... [Aug. 2] HSBC to Cut 30,000 Jobs by 2013 as Costs Rise
Goldman Sachs Targets 1,000 Layoffs
RIM to chop 2,000 jobs worldwide
Cisco Layoffs: 6,500 Jobs Cuts [9% of its global workforce], $1B Expenses Trimmed
RBS to Cut 2,000 Jobs After Posting Huge First-Half Loss
Dendreon plunges on slow sales, plans 'across the board' layoffs [Seattle's largest biotech company already had rocketed in less than two years from 180 employees to about 2,000.]
Bank of America eliminating 3,500 jobs; reports say more cuts expected
Bank of America Confirms 30,000 Layoffs [Sept. 12] / ...Phase I of ["Project New BAC"] Cutting $5 Billion in Costs by End-2013
Tuesday, June 21, 2011
"10 Million"
The location-based social networking service says it has more than 10 million members.
By sharing that number, as well as related maps and figures, Foursquare is trying to show that it's becoming a service with mass appeal...
But Foursquare's news doesn't really address the biggest criticism heard about the service, that most people will quickly tire of check ins that serve very little purpose...
The real question, then, isn't how many people have signed up for Foursquare, but how many are still active in a given month. And a Foursquare spokesperson declined to provide that number.
And if Foursquare does have a healthy amount of active members, it still faces another big question: How is it actually going to make money?
2 months ago: ...looking to raise a reported $20 million to $40 million for its next investment round, based on the idea that the company, which has 8 million users, is worth as much as $500 million. The problem? Foursquare has yet to demonstrate a successful revenue model—or even show that its principals care much about coming up with one that can justify that kind of valuation.
7 months ago: "That Growth Phase"
By sharing that number, as well as related maps and figures, Foursquare is trying to show that it's becoming a service with mass appeal...
But Foursquare's news doesn't really address the biggest criticism heard about the service, that most people will quickly tire of check ins that serve very little purpose...
The real question, then, isn't how many people have signed up for Foursquare, but how many are still active in a given month. And a Foursquare spokesperson declined to provide that number.
And if Foursquare does have a healthy amount of active members, it still faces another big question: How is it actually going to make money?
2 months ago: ...looking to raise a reported $20 million to $40 million for its next investment round, based on the idea that the company, which has 8 million users, is worth as much as $500 million. The problem? Foursquare has yet to demonstrate a successful revenue model—or even show that its principals care much about coming up with one that can justify that kind of valuation.
7 months ago: "That Growth Phase"
Thursday, May 26, 2011
Copy Catch: Secret
Fed Gave Banks Crisis Gains on Secretive Loans
Fed's secret loans to banking giants revealed
$80 Billion In Secretive Fed Loans Disclosed
Details Emerge Of Fed's Emergency Bank Loans In 2008
Meet ST OMO: The Top Secret Loan Facility The Fed Used To Loan Money To Banks
Fed Gave Banks Crisis Gains on Secretive Loans Low as 0.01%
Ben Bernanke Gave Wall Street an Unbelievably Sweet Interest Rate on That Secret $80 Billion Loan
Greenberger on Fed's Secretive Bank Loans
Fast-forward: August 2011:
B. Exclusive: Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans:
"The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress."
Fed's secret loans to banking giants revealed
$80 Billion In Secretive Fed Loans Disclosed
Details Emerge Of Fed's Emergency Bank Loans In 2008
Meet ST OMO: The Top Secret Loan Facility The Fed Used To Loan Money To Banks
Fed Gave Banks Crisis Gains on Secretive Loans Low as 0.01%
Ben Bernanke Gave Wall Street an Unbelievably Sweet Interest Rate on That Secret $80 Billion Loan
Greenberger on Fed's Secretive Bank Loans
Fast-forward: August 2011:
B. Exclusive: Wall Street Aristocracy Got $1.2 Trillion in Secret Fed Loans:
"The loans dwarfed the $160 billion in public bailouts the top 10 got from the U.S. Treasury, yet until now the full amounts have remained secret.
Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression included lending banks and other companies as much as $1.2 trillion of public money, about the same amount U.S. homeowners currently owe on 6.5 million delinquent and foreclosed mortgages. The largest borrower, Morgan Stanley, got as much as $107.3 billion, while Citigroup took $99.5 billion and Bank of America $91.4 billion, according to a Bloomberg News compilation of data obtained through Freedom of Information Act requests, months of litigation and an act of Congress."
Copy Catch: US GDP
The Dow at 115: It's Close Relationship to GDP
Rise in jobless claims hits stock futures
US Stocks Lower on Jobless Claims Increase and GDP Estimate of 1.8%
Consumer Spending Cools More Than Estimated (The smaller gain in pay dwarfed the slowdown in spending, pushing the savings rate down to 5.1 percent in the first quarter from a prior estimate of 5.7 percent...Manufacturing, which accounts for 12 percent of the economy, is slowing this quarter...Economists at Goldman Sachs Group Inc. and JPMorgan Chase & Co. in New York each cut second-quarter growth forecasts by half a percentage point this week, citing setbacks in vehicle output caused by supply disruptions. Goldman trimmed its projection to 3 percent, while JPMorgan lowered it to 2.5 percent.)
Oil lower on disappointing jobs, GDP reports
Crude oil ends lower as GDP disappoints
Poor GDP Data Erases Oil Futures Gains
Disappointing US Unemployment, GDP Reports Sink Dollar
Emerging Stocks Rally Most in Five Weeks on South Korea, U.S. GDP Outlook
Rise in jobless claims hits stock futures
US Stocks Lower on Jobless Claims Increase and GDP Estimate of 1.8%
Consumer Spending Cools More Than Estimated (The smaller gain in pay dwarfed the slowdown in spending, pushing the savings rate down to 5.1 percent in the first quarter from a prior estimate of 5.7 percent...Manufacturing, which accounts for 12 percent of the economy, is slowing this quarter...Economists at Goldman Sachs Group Inc. and JPMorgan Chase & Co. in New York each cut second-quarter growth forecasts by half a percentage point this week, citing setbacks in vehicle output caused by supply disruptions. Goldman trimmed its projection to 3 percent, while JPMorgan lowered it to 2.5 percent.)
Oil lower on disappointing jobs, GDP reports
Crude oil ends lower as GDP disappoints
Poor GDP Data Erases Oil Futures Gains
Disappointing US Unemployment, GDP Reports Sink Dollar
Emerging Stocks Rally Most in Five Weeks on South Korea, U.S. GDP Outlook
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