The deal market might be sparked to move with Facebook buying Instagram. See the New York Times story here. Instagram is barely three years old. But its competitive advantages in the photo sharing area was just too much for Facebook.
Also, Microsoft paid over one billion dollars for some of AOL's patents. Read the New York Times story here. This deal is a reminder of how important intellectual property can be when running a business.
As there haven't been many deals lately, this might get the money moving a little bit. Balance sheets are full of cash and there needs to be something done with the cash.
Showing posts with label New York Times. Show all posts
Showing posts with label New York Times. Show all posts
Monday, April 9, 2012
Wednesday, December 1, 2010
Great article on Jamie Dimon
The New York Times has published an article (below) on Jaime Dimon that is worth reading
Jamie Dimon Article
Enjoy!
Jamie Dimon Article
Enjoy!
Wednesday, November 24, 2010
Best Quarter Ever
I am disheartened by the fact that as the working people (including you and I) of this country are going through tough economic times, corporations and their stockholders (to include me and you through retirement and other holdings) are enjoying record profits.
I guess the question is what do we do about it as citizens and shareholders at the same time?
The New York Times story below spells it out.
Largest Quarter Ever
Happy Thanksgiving!
I guess the question is what do we do about it as citizens and shareholders at the same time?
The New York Times story below spells it out.
Largest Quarter Ever
Happy Thanksgiving!
Monday, November 15, 2010
Retail Sales show positive
Retail Sales show that the consumer was in a better mood last month in a New York Times story below. The encouraging part of this report is the growing strength big ticket item purchases.
October Retail Sales
October Retail Sales
Tuesday, October 19, 2010
Silent Obama Tax Cut shhhhhh
Hey
For those of you who didn't know, 25% of the stimulus was given away in tax cuts. Here is a story (below) in the New York Times detailing how most Americans didn't even realize they received one even though they are railing against the evils of said stimulus.
Pass this on as I am sure there are people you know that fit this profile and might not know where 25% of the stimulus actually went to.
Obama Tax Cut
For those of you who didn't know, 25% of the stimulus was given away in tax cuts. Here is a story (below) in the New York Times detailing how most Americans didn't even realize they received one even though they are railing against the evils of said stimulus.
Pass this on as I am sure there are people you know that fit this profile and might not know where 25% of the stimulus actually went to.
Obama Tax Cut
Sunday, July 18, 2010
bank earnings and your safety
Hey
Earnings for the previous quarter revealed something very interesting and transparent about the big banks and how they continue to make their money. It is primarily through trading and not through banking activities such as lending. Overall, loan losses were down this quarter at the major banks which should provide a boost to their stocks. But the banks' slowdown in trading and other activities had them lowering earnings levels for the quarter.
The New York Times came out with an article stating how banks such as Citigroup and Bank of America took big hits because their trading desks made less money than desired. JP Morgan Chase released good earnings because they released funds meant for possible loan losses. And anyone who thinks Goldman Sachs is a retail bank needs to explain it to me. They are an Investment Bank that had to switch to retail when the crash occured.
As mentioned before, all of these banks were able to pad earnings this quarter with money previously designated for loan losses that didn't occur. This is not a good development. Why didn't they loan the money out instead? This type of action either shows a lack of confidence in the US economy and you as a possible loanee or they are worried about their stock price and put that above helping to drive the needed growth in the U. S. economy. Son't be surprised if it is the latter.
Where are the loans? We gave these firms 700 billion dollars not just to trade and make money for their shareholders but to be a partner in bringing the economy back by making loans to deserving Americans and their businesses that create jobs. The interest received from those loans is a mere pittance for the government and the country as a whole compared to the long term earnings the government would receive in payroll and other taxes had the banks loaned that money out to deserving businesses instead of trading it.
These activities by the mega banks has brought on a movement of going to local banks because people (myself partially included) know they will see their money in work in their communities creating jobs and revenue. This movement needs to continue to grow until the big banks get the message that not loaning money out to deserving businesses is not acceptable. You will hear the banks say their clients are afraid to expand and at the same time hear those same clients complain about a restiction in credit from banks. I believe the businesses, not the banks.
This post is not a desire to eliminate the big banks. They have some great financial products and an important role in the U.S. economy. It is to get them to realize that there is a public needing its partnership to expand our economy.
Earnings for the previous quarter revealed something very interesting and transparent about the big banks and how they continue to make their money. It is primarily through trading and not through banking activities such as lending. Overall, loan losses were down this quarter at the major banks which should provide a boost to their stocks. But the banks' slowdown in trading and other activities had them lowering earnings levels for the quarter.
The New York Times came out with an article stating how banks such as Citigroup and Bank of America took big hits because their trading desks made less money than desired. JP Morgan Chase released good earnings because they released funds meant for possible loan losses. And anyone who thinks Goldman Sachs is a retail bank needs to explain it to me. They are an Investment Bank that had to switch to retail when the crash occured.
As mentioned before, all of these banks were able to pad earnings this quarter with money previously designated for loan losses that didn't occur. This is not a good development. Why didn't they loan the money out instead? This type of action either shows a lack of confidence in the US economy and you as a possible loanee or they are worried about their stock price and put that above helping to drive the needed growth in the U. S. economy. Son't be surprised if it is the latter.
Where are the loans? We gave these firms 700 billion dollars not just to trade and make money for their shareholders but to be a partner in bringing the economy back by making loans to deserving Americans and their businesses that create jobs. The interest received from those loans is a mere pittance for the government and the country as a whole compared to the long term earnings the government would receive in payroll and other taxes had the banks loaned that money out to deserving businesses instead of trading it.
These activities by the mega banks has brought on a movement of going to local banks because people (myself partially included) know they will see their money in work in their communities creating jobs and revenue. This movement needs to continue to grow until the big banks get the message that not loaning money out to deserving businesses is not acceptable. You will hear the banks say their clients are afraid to expand and at the same time hear those same clients complain about a restiction in credit from banks. I believe the businesses, not the banks.
This post is not a desire to eliminate the big banks. They have some great financial products and an important role in the U.S. economy. It is to get them to realize that there is a public needing its partnership to expand our economy.
Tuesday, April 6, 2010
Dimon's whining
What is Jamie Dimon thinking? As reported in a New York Times article, Mr. Dimon wrote a note to shareholders expressing his displeasure at the way politicians were demonizing big banks.
Now, the bank seems to be very well run. They also seemed to be in the least amount of trouble during the crisis. They didn't need the stimulus and paid it back as soon as possible. These are all positive aspects to JP Morgan Chase's business.
But to whine about politicians who represent the people is not a smart move. I don't remember seeing a thank you note to the government for guaranteeing his bank's purchase of Bear Stearns. This note in the letter to investors makes him look even more detached from what is going on in this country than previously thought. This note makes him look ungrateful to the public for bailing out the industry he is at the highest level of. It could even be considered similar to a let them eat cake comment.
Where Mr. Dimon should whine is Wall Street. To allow other banks to act so irresponsible without any public comments showed a lack of leadership from Mr. Dimon. Why isn't he whining about the banks that caused this mess and put the hurt on the American people. Why isn't he wondering out loud about how much money they caused his bank to lose?
If he really wants to step up to make his business better, he should be cheering for a higher standard of banking which includes better regulation. Looking to blame the politicians when the problem is your colleagues is weak at best. Mr. Dimon needs to be reminded who really caused the mess and who saved his livelyhood.
Now, the bank seems to be very well run. They also seemed to be in the least amount of trouble during the crisis. They didn't need the stimulus and paid it back as soon as possible. These are all positive aspects to JP Morgan Chase's business.
But to whine about politicians who represent the people is not a smart move. I don't remember seeing a thank you note to the government for guaranteeing his bank's purchase of Bear Stearns. This note in the letter to investors makes him look even more detached from what is going on in this country than previously thought. This note makes him look ungrateful to the public for bailing out the industry he is at the highest level of. It could even be considered similar to a let them eat cake comment.
Where Mr. Dimon should whine is Wall Street. To allow other banks to act so irresponsible without any public comments showed a lack of leadership from Mr. Dimon. Why isn't he whining about the banks that caused this mess and put the hurt on the American people. Why isn't he wondering out loud about how much money they caused his bank to lose?
If he really wants to step up to make his business better, he should be cheering for a higher standard of banking which includes better regulation. Looking to blame the politicians when the problem is your colleagues is weak at best. Mr. Dimon needs to be reminded who really caused the mess and who saved his livelyhood.
Tuesday, May 19, 2009
Bank of Black Rock America?
Hey
I just read a story in the New York Times talking about Black Rock's role with managing government programs and private funds during the bailout. As you will read, Bank of America OWNS 47% of Black Rock! I'm thinking the likely hood that Bank of America will survive is pretty good because of this.
I just read a story in the New York Times talking about Black Rock's role with managing government programs and private funds during the bailout. As you will read, Bank of America OWNS 47% of Black Rock! I'm thinking the likely hood that Bank of America will survive is pretty good because of this.
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