After Lachman Achuthan’s grim forecast earlier Friday, any more bad news feels like piling on. Well, get those penalty flags ready… FICO’s quarterly survey of bank risk managers shows a “sharp and deep turn to pessimism,” as CEO Mark Greene details in the accompanying video. “Across the board [there's] unhappy news” in the survey, most [...]
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Steve Jobs made it clear what he thought of 7-inch tablets in October 2010. They’re “too small”, and as good as “dead on arrival.” But the announcement of and anticipation surrounding Amazon’s Kindle Fire tablet may soon have Jobs eating his words.
If you’ve been living under a rock and haven’t heard the news, Amazon debuted …
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Banking, an industry that has imposed steep costs on the American economy, is about to get even more expensive. Bank of America, the nation’s largest bank, says it is going to levy a $5 per monthly fee on its debit card customers. The New York Times reports that Bank of America isn’t alone. “Wells Fargo [...]
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By now you’ve probably heard the news: Leo Apotheker has received a severance package worth $13.2 million in cash and stock for his 11-month tenure as CEO of Hewlett-Packard. Apotheker’s outsized payout, which includes relocation fees back to Europe and up to $300,000 to cover losses on the sale of his California home, follows the [...]
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Follow The Daily Ticker on Facebook here! Weakness in leading economic indicators has become so pervasive the Economic Cycle Research Institute now predicts a new recession is unavoidable. “The vicious cycle is starting where lower sales, lower production, lower employment and lower income [leads] back to lower sales,” co-founder Lakshman Achuthan declares in the accompanying [...]
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with its peer-to-peer file sharing application, Box.net operates in a different space than the typical Silicon Valley startup. It’s an enterprise outfit. Drawing on their lives as consumers, young entrepreneurs tend to solve everyday consumer problems ? how to remember where you parked, find a good deal on hot wings, etc. But Box aims to solve a problem facing big businesses.
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So just when everyone had concluded the Chris Christie matter - saying “Great speech at the Reagan Library, but he’s not gonna run for president” - the New York Post comes along with a story that says the New Jersey governor is seriously considering a 2012 run. Apparently the Reagan Library experience had a big impact on Christie, and others. He’s now being urged to go for it by Nancy Reagan, Henry Kissinger, former president George W. Bush, and former first lady Barbara Bush.
According to the Post story, even Christie’s wife Mary Pat is warming to the idea.
I…
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Major cable providers Comcast and Verizon will funnel their TV programming through the Xbox 360 soon, according to a Bloomberg report.
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The clock has been turned back to 1989 and the stock market briefly cheered the temporal transformation, although credit markets have remained far less sanguine. With Europe on everyone’s collective mind, rumors of an expanded European Financial Stability Fund (EFSF) acting akin to the early version of U.S. TARP had many hoping that a true resolution had finally been found. Of course, the first plan (the one sold to Congress) for TARP was to act as a resurrected Resolution Trust Corporation (RTC), so the markets are reaching back to the late 1980’s for guidance on how to…
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The Kindle Fire could be the first truly successful Android tablet. It touts a very reasonable $200 price tag, a well-curated app store, easy access to Amazon?s cloud-based services, brand trust and recognition. It’s Amazon’s most ambitious foray into hardware since the original Kindle’s debut. And the Fire has the potential to engulf all its Android tablet brethren.
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For 12 days, the Occupy Wall Street movement has taken to the streets of downtown Manhattan and used Zuccotti Park as a base, a location not far from the former site of the World Trade Center. But it wasn’t until the protesters’ march from Liberty Street and Broadway to Union Square on Saturday, Sept. 24, [...]
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Since 2008, when the bottom fell out of the housing and stock market, pundits, analysts and economists have been calling for a major crash in the commercial real estate market. It’s yet to happen. True, Blackstone’s 2007 purchase of the Sam Zell’s Equity Office Properties for $39 billion proved to be the market top, but [...]
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President Obama’s popularity has fallen greatly, even among his previous supporters. The U.S. economy is suffering from a lack of leadership, which starts at the top, according to Mort Zuckerman, Chairman of Boston Properties. Zuckerman, who endorsed Obama in The Daily News (he’s the tabloid’s chairman and co-publisher) and worked on his campaign in 2008 [...]
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A week ago Wednesday the Federal Reserve announced its $400 billion plan — dubbed ‘operation twist’ — to lower long-term interests rates after its earlier pledge to keep short-term interest rates low until mid-2013. But the move did little to appease markets. (See: “Very Unusual” Fed Action Fails To Boost Animal Spirits: Dow Drops 285) [...]
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