Archive for January, 2008
Wednesday, January 30th, 2008
Marsh & McClennan recently announced that they've named Brian Duperreault as their CEO. Marsh & McClennan is the world's largest insurance brokerage. The company is trying to restore profit after a bid rigging scandal took place in 2004.
Mr. Duperreault replaces Michael Cherkasky.
While in office, Brian Duperreault says he wants to ...
Posted in Business | No Comments »
Tuesday, January 29th, 2008
The House hustled and approved the economic stimulus plan that promises to put tax rebates of $600 to $1,200 into people hand's within months. It was a bipartisan show of speedy dealmaking, as politicians attempt to avert a recession during an election year.
The plan was approved by an overwhelming ...
Posted in Market Commentary | No Comments »
Tuesday, January 29th, 2008
Debora Spar has been hired to be president of Barnard College. She previously was a professor at Harvard Business School and is the author of several books on reproductive technology.
Ms. Spar, 44, is also senior associate dean for faculty research and development at Harvard Business School. The announcement concludes ...
Posted in Business | No Comments »
Monday, January 28th, 2008
Investor love rate cuts. Investors love rate cuts. Sorry, that was my attempt at insight into the minds of the Federal Reserve and investors. The Fed has continued to cut rates, and investors have continued to support the idea by continued purchase of equities.
"Anticipation ...
Posted in Market Commentary | No Comments »
Friday, January 25th, 2008
It has always been great to be Microsoft, and current times are no different. The company announced earnings that outstripped analyst's expectations, thanks to good news from the XBox 360 division. The company also had better than expected results in their business division.
Microsoft raised its outlook Thursday for ...
Posted in Stock Highlight | No Comments »
Thursday, January 24th, 2008
The idea is simple: if you cut taxes, you put more money in the hands of Americans. With that money in their hot little hands, they do what the do best: spend! That is the latest idea being debated by politicians to stop the U.S economy from dumping ...
Posted in Market Commentary | 1 Comment »
Wednesday, January 23rd, 2008
Gloomy investors are keeping stocks down, and more professionals are now fearing a bear market.
"You continue to see a handful of buyers come in, but they're quickly overwhelmed by the sellers," said Todd Salamone, vice president of research at Schaeffer's Investment Research in Cincinnati.
In early afternoon trading, the ...
Posted in Market Commentary | No Comments »
Wednesday, January 23rd, 2008
The market opened up and the Dow Jones sank 200 points. This move is not completely unexpected, as signs of good news have been hard to find. Apparently the large, unexpected rate cut of Yesterday did little to assuage feelings of gloom. Disappointing earnings from the likes ...
Posted in Market Commentary | No Comments »
Tuesday, January 22nd, 2008
At times it looked like Wall Street would have the worst day in years, but it ended up only being a bad day. With the Fed cutting interest rates by 75 basis points, and the general pessimistic news in the global equities markets, things could have been much worse.
The ...
Posted in Market Commentary | No Comments »
Tuesday, January 22nd, 2008
It's the biggest rate cut ever in the nonstop "cut the rates and save the economy" show that's been going on at the Federal Reserve. Fearing a global sell off of stocks, the Fed dug deep and came up with the largest interest rate decrease in recent memory.
Is Bernanke ...
Posted in Market Commentary | No Comments »
