Finance

http://s.erious.ly

Latest entries

Federal Official: ‘We’ve Got To Stay Focused On Mine Safety’

CHARLESTON, W.Va. (AP) — If there's one lasting cultural change Mine Safety and Health Administration Director Joe Main wants to make in both the federal...

Evening Reading: Is It Time Apple Gets Made in America?

A roundup of blog posts and articles from around the Web.

Vivian Weng: The Death of an American Tradition

It's no secret that the relevancy of American shopping mall has plummeted with the rise of e-commerce, but the question still remains: What will happen to the vacant shells that previously housed America's most beloved stores?

CSTR Jumps 14%: Q4 Blows Away Estimates; Q1, Year View Higher

Shares of DVD rental kiosk and coin-counting machine operator Coinstar (CSTR) were halted this afternoon just before the company reported Q4 revenue and earnings per share well ahead of expectations, and forecast the current quarter’s revenue, and the year’s profit, higher than consensus. Q4 revenue rose to $520.5 million, yielding EPS of $1. The Street...

PE-Backed Media Companies Embrace The Digital Age

Is Print Dead? It’s the question every media company – and their investors – are asking themselves as the industry attempts to reshape business models to keep up with technology. A few companies, some owned and previously backed by private equity, discussed the topic of digitalization on a panel at investment...

Ex-Lehman Brothers Trader: Only On Wall Street Could You ‘Get Paid So Much For Doing So Little’

The fallout from the financial crisis has already changed the way much of America views Wall Street. It may also be changing the way the...

Gun Seller: If Komen Won’t Take Our Donation, We’ll Give It To American Cancer Society

WASHINGTON -- A gun seller thrust into the spotlight last week over its alleged ties to the Susan G. Komen Foundation is launching another production...

January effects in credit

It’s been a rather optimistic sort of January. S&P financials are finally trading above book value (but with wide variations between individual banks), junk bond issuance...

Citigroup: Risk of Greek Exit From Euro Has Risen to 50%

Citigroup raised its estimate of the likelihood of a Greek exit from the euro area over the next 18 months to 50% from a prior range of 25% to 30%.

Apple: Bernstein Sees $204B in ‘Customer Lifetime Value’

Sanford Bernstein’s Toni Sacconaghi this afternoon weighed in with his latest think piece on Apple (AAPL), musing about the question of whether Apple stock should be treated like that of a cable company. The shares’ earnings multiple continues to compress, at 10.4 times this fiscal year’s projected $44.18 per share in profit. Investors worry that...

McDonald’s Apologizes To Pit Bulls

McDonald's took to Twitter on Friday afternoon to say sorry to a group of people more used to apologizing than accepting apology: pit bull owners....

Goldman Courts Rivals For Stake In Trading Tech Group

Goldman Sachs is preparing to spin off its REDI Technologies electronic trading software group and has approached rival banks in recent weeks to gauge their interest in taking a stake in the new company, people familiar with the matter said.