24/7 Wall St.

Icahn Tries To Replace Four Chesapeake Directors

247wallst — Fri, 25 May 2012 20:39:24 +0000

Carl Icahn has used the mess at Chesapeake Energy (NYSE: CHK) to try to take four board seats. Chesapeake’s shares have cratered because of trouble involving the side-by-side investments of its...

24/7 Wall St. Closing Bell — May 25, 2012 (EBAY, LULU, SI, CRM, FSLR, CRMT, MENT, POST, FRO, AMSC, DRYS, KUTV, SAFM, SHIP, GAME, TLB, PAY, FB)

Paul Ausick — Fri, 25 May 2012 18:04:01 +0000

Today’s edition of the Closing Bell is being published shortly after 2:00 p.m. US markets are closed Monday to observe the Memorial Day holiday. We’ll resume our normal schedule next Tuesday. The...

Another Reason People Hate Lobbyists: The Alliance for American Manufacturing

247wallst — Fri, 25 May 2012 17:25:10 +0000

One of the most loud-mouthed lobbyists in Washington is Scott Paul who is the Executive Director of the Alliance for American Manufacturing. He is willing to speak out on any subject, apparently...

America’s Favorite Coffees

247wallst — Fri, 25 May 2012 17:18:42 +0000

Americans love their coffee. Three-quarters of adults drink coffee and 58% say they drink coffee daily, according to the National Coffee Association. Like other large consumer products in the U.S., a...

Cisco Kills Its Android Tablet (CSCO, GOOG, AAPL)

Paul Ausick — Fri, 25 May 2012 16:50:55 +0000

Two years ago Cisco Systems Inc. (NASDAQ: CSCO) introduced a tablet device it had named the ‘Cius’, which used the Android operating system from Google Inc. (NASDAQ: GOOG). The7-inch device was...

Mortgage Delinquencies Rise Slightly in April

Paul Ausick — Fri, 25 May 2012 16:28:42 +0000

The monthly mortgage report for April was released today by Freddie Mac. The report notes a rise of just 0.01% in delinquent mortgage payments for single-family homes and a rise of 0.03% on mortgages...

Consumer Sentiment Rises on Jobs Outlook, Lower Gasoline Prices

Paul Ausick — Fri, 25 May 2012 16:07:28 +0000

The Reuters/University of Michigan consumer survey for May is out and the index of consumer sentiment rose to 79.3, up from 76.4 in April and 74.3 in May 2011. Economists had been expecting a reading...

After the Fall: Value Opportunities in the Solar Sector (AMAT, WFR, GTAT, FSLR, SPWR, STP, TSL, LDK, JASO, SOL)

Paul Ausick — Fri, 25 May 2012 14:41:32 +0000

Anyone looking for a sad story to tell need search no further than the solar PV sector. Manufacturing over-capacity and lower government subsidies led to a price collapse of about -50% last year....

Walmart Express Stores a Surprise Success

Paul Ausick — Fri, 25 May 2012 12:44:11 +0000

In a conference presentation earlier this week, Bill Simon, the CEO of US operations for Wal-Mart Stores Inc. (NYSE: WMT), made some comments about the 10 Walmart Express stores the company now...

Iran Talks Fail, Another Meeting Scheduled

Paul Ausick — Fri, 25 May 2012 12:09:22 +0000

Negotiations between Iran and the P5+1 — the US, the UK, France, China, Russia, and Germany — ended in failure yesterday. The six-nation team sought an end to Iran’s nuclear enrichment...