The Big Story
See if (KFT) is traded within the Action Alerts PLUS portfolio by Cramer and Link
German politicians voted to approve the expansion of the European Financial Stability Facility, or EFSF, marking a win for Chancellor Angela Merkel. I wonder what the German equivalent of the Tea Party will be dubbed. [Financial Times]The German vote on the bailout now sets the stage for more anti-crisis steps, including further writedowns on Greek sovereign bonds. [Bloomberg]Looking ahead, a key road map for the major events ahead in the euro zone. [Dow Jones]Quote of the Day"I have real concerns about trying to fine-tune and micro-manage the economy when monetary policy is a blunt tool," Kansas City Federal Reserve President Thomas Hoenig said of the central bank's plan to depress long-term interest rates. [Bloomberg]Company NewsCitigroup(C) CEO Vikram Pandit expects to return capital to shareholders. As if the penny-per-share dividend wasn't enough. [Wall Street Journal]Mike Lynch, the CEO of recent Hewlett-Packard(HPQ) acquisition Autonomy, has a bad case of amnesia or stupidity. Too bad Oracle(ORCL) took notice. [FT Alphaville]When Google's(GOOG) Android operating system does well, so does Microsoft(MSFT)[. Paris Lemon]MarketsThe problems in Europe have sparked a debt crunch, with corporate bond issuance hitting the lowest levels since early 2009. [Telegraph]The Nasdaq could have been the star quarterback in leading the rally, but instead the tech-heavy composite fumbled the ball. [MarketWatch]All-or-nothing days are now the norm, not the exception. [Bespoke Investment]Volatility in the market is losing steam. [Surly Trader]Investment StrategyRare-earth companies are under pressure because buyers like Toyota(TM) and General Electric(GE) are looking for alternatives. [Bloomberg]Your chart of the day: Gold looks to repeat the performance of the Red Sox. [Hedgeye]Reasons to stay short in this market. [Quint Tatro]After his disastrous investment in Eastman Kodak(EK), it's even more puzzling to look at Bill Miller's other holdings now. [Random Roger]Odds and EndsFortune ranked the most powerful women in business. Kraft's(KFT) Irene Rosenfeld is at the top; Carol Bartz is notably absent. [Fortune]An 11-year-old girl is taking on Procter & Gamble(PG) over a product name. Corporations always come out of lawsuits like this one looking good, don't they? [NYT DealBook]If there was any doubt Facebook isn't just another gigantic corporation, it's now lobbying on Capitol Hill. [Roll Call]A friend who is a money manager and a Yankees fan took glee in sending me a link to this video earlier in the week. After the completion of the Red Sox collapse last night, I guess I have to run with it today. [YouTube].>To follow Robert Holmes on Twitter, go to http://twitter.com/RobTheStreet.>To submit a news tip, send an email to: tips@thestreet.com.
>To order reprints of this article, click here: Reprints
No comments :
Post a Comment