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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