The newest minutes from the June 22 to 23, 2010 FOMC meeting is a lowering of economic growth estimates from the Federal Reserve for the rest of 2010. The market has already reflected this in the June sell-off, and the market recovery so far in July has began to address a lower growth environment rather [[ This is a content summary only.
Posts Tagged transports
YRC Worldwide Inc. (NASDAQ: YRCW) is starting to do what many companies do when they still have a large business with thousands of shareholders and thousands of employees but where the stock price is so low that it is on the verge of an implosion. Arguably, it already has imploded. The company provided a second [[ This is a content summary only.
By John Tamny of Forbes During its yearlong reconstruction, the trade deficits that Washington, D.C. residents held with the “Social” Safeway plummeted. To conventional economists this would be a good thing, but the Safeway example reminds us once again how alleged trade “deficits” are our reward for being productive, not to mention how deprived and impoverished our existence would be absent [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity and global economy. The higher the BDI, the more goods are being sailed, and traded, around the world.
DryShips Inc. (NASDAQ: DRYS) is back at the trough for more capital. The Greek shipping and marine transport company announced after the close that it has commenced a public offering of $150 million in convertible senior notes. The company said that these notes are being offered as “additional notes under an indenture, as supplemented by [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Shipping, transportation, and logistics… all winners in the economic recovery. An article titled “Can Logistics Stocks Carry the Load for Investors?” by Morningstar’s Keith Schoonmaker notes some key winners and losers in the sector from trucking, rail, intermodal marketing, freight forwarding, and other aspects in the recovery. Some of the identified names are CSX Corp. [[ This is a content summary only.
The volcano in Iceland is still spewing ash into the air. While many Americans have been discussing investment banking scandals, the volcano situation in Iceland is affecting far more than many might have thought on what might be a normally isolated event. Airlines are grounded in northern Europe and air passengers are stranded. To make [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
When was the last time that Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) was one of the more unusual volume movers? It is today, and you’d have to ask yourself when the last time a split had come out for that answer. Today is a first, virtually anyhow. The A-shares are still above the $100,000.00 [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Updated throughout the day. AIG (NYSE:AIG) owes many ex-employees retention bonuses (Reuters) Apple (NASDAQ:AAPL) is trying to cut deals to provide book and newspaper content on its new tablet. (NYTimes) Live Nation (NYSE:LYV) may sell some assets to close a deal to buy TicketMaster (NASDAQ:TKTM) (NYPost) Douglas A. McIntyre Posted in Rumors Tagged: AAPL, AIG, LYV, TKTM [[ This is a content summary only
FedEx Corporation (NYSE: FDX) rose over 3.5% to a yearly high of $90.62 after the nations second largest package shipping company announced that it will report earnings of $1.10 per share for the fiscal second quarter, beating analyst estimates.
