Author Archive
German Short-Selling Ban Has Opposite Effect
Germany announced last night that it would ban short-selling, an unprecedented step when there is no cataclysmic emergency. The ban has caused stocks to drop precipitously in worldwide markets.
Global stocks fell Wednesday after Germany shocked investors with measures designed to hamper market speculation, and data showed U.S. consumer prices turned negative last month.But the euro [...]
Republicans End Filibuster of Financial Regulation Bill
A financial regulation bill has been in the works for weeks now at the Capital. The controversy didn’t even wait until the debate to start–the Democrats couldn’t even muster a vote to get cloture. That means they could not even open the bill for debate because of a filibuster by Republican senators. That has come [...]
Carnival Forecasts Earnings
Despite high fuel costs that have pushed up the overhead costs, Carnival is boosting its forecasts for 2010. They claim more people will be booking and prices, in general, have risen–helping to offset the increased overhead prices from rising fuel costs.
“I think we’re surprised at the strength of pricing that has come back this year,” [...]
Snickers Is The Winner
A 30-second advertisement during the Superbowl costs a company anywhere from 2.5-2.9 million dollars. For that kind of money, you reach the largest television audience of the years. Every year there is a fierce competitiveness over the advertisements that play during the Superbowl–mostly in an effort to be humorous. In that regard, it seems one [...]
Rupert Murdoch vs. Google
Rubert Murdoch has long been considered one of the most savvy minds in the media industry. He currently is chairman and President of NewsCorp, one of the largest media conglomerates in the United States. However, he is currently in the process of making a move which many find questionable from a business point of view. [...]