Good, Bad, and Ugly

Reporting rumors?

May 26, 2010

Goldman shares rise on false SEC settlement rumor

MARKETS-STOCKS/NEW YORK (Reuters) – Goldman Sachs Group Inc shares rose as much as 5.4 percent on Friday on rumors of a possible settlement with regulators and a feeling that the stock could be oversold.

More or less…

May 14, 2010

Nasdaq adds 12 stocks to list of canceled trades

NASDAQOMX/Nasdaq is canceling all trades made between 2:40 p.m. EDT and 3 p.m. EDT on Thursday that deviated more or less than 60 percent away from the consolidated last print in that security at 2:40 p.m. or just before.

The wrong sex…

May 6, 2010

Buffett worried on inflation, Greek ‘high drama’

gbu lagarde 240French Economy Minister Christine Lagarde earlier Saturday said he was expecting an aid package of around 100-120 billion euros ($133-$160 billion), and had “good hopes” an agreement could be reached by the end of this weekend.

Million vs. billion, again…

April 21, 2010
BP to invest £650 billion plus in alt energy

LAGUNA NIGUEL, California (Reuters) – Oil major BP Plc  plans to invest more than $1 billion (650 million pounds) this year on alternative energy development, the head of BP’s alternative energy unit said on Tuesday.

Not a tough period?

March 9, 2010

Stec continues to see inventory impa gbu stec

BANGALORE, Feb 23 (Reuters) – Stec Inc, which makes flash memory storage products, posted quarterly earnings in line with estimates, but an inventory overhang at its top customer EMC Corp dampened first-quarter forecast and sent the company’s shares down 30 percent in extended trade.

His name is Toyoda

February 25, 2010

After stoic showing in Congress, Toyoda breaks into tears

TOYOTAIt’s Toyota, not “Toyoda”.  My God, man, who’s writing these headlines? Andy Capp?

What are those?

January 26, 2010

U.S. Rep Frank sees ending housing GSEs in current form

gbu geithner 2 160Treasury Secretary Timothy Geithner on Thursday said the Obama administration is committed to “reforms” of the GSEs, but said it would likely not be until 2011 until substantive changes are made.

Chinese Warren Buffett?

January 8, 2010

Canada police search for “Chinese Warren Buffett”

tangTORONTO (Reuters) – Canadian police issued an arrest warrant on Wednesday for a man who promoted himself as the “Chinese Warren Buffett” but is accused in Canada of operating a C$30 million ($29 million) Ponzi scheme.

Why not the full name?

November 13, 2009

Conoco says Sweeny compressor shut during FCC start up

NEW YORK, Nov 5 (Reuters) – ConocoPhillips said on Thursday a hydrogen purification unit compressor shut briefly in association with start-up of a gasoline-making fluid catalytic cracker at its Sweeny, Texas, refinery.

Not a former patriot…

November 11, 2009

A Morgan Stanley star falls in China Interviews with those who know and have worked with him say his story is one of an ambitious and hard-working expatriot who appears to have crossed the line in his zeal to get ahead in the Chinese business world.

In the story on Garth Peterson he is called an ‘expatriot’ which would make him a Benedict Arnold or a turncoat. Given the context of the story it would seem the correct word would be ‘expatriate,’ defined as a person who has withdrawn from his native land, but not a former citizen or supporter.