Machinery/Industrials
Our outlook for the machinery sector is increasingly one of caution. We are beginning to see U.S economic weakness and the credit crunch negatively impact international markets. We discuss SNP, FCX and CAT.
Zacks Thu, 20 Nov 2008 03:29:01 GMT
Retail Industry
Despite the apparent values in retail stocks, there are few reasons to get excited about the retailers. Consumer spending will remain subdued for the next few quarters, and that will lead to retailers' earnings estimates declining for the next several mont...
Zacks Thu, 20 Nov 2008 03:29:02 GMT
Auto & Auto Parts
There is a focus on automation and simplifying product lines to lower costs and benefit from economies of scale. Earnings are below expectations and have been for some time. We look at GM, F, AXL, TRW and AN.
Zacks Thu, 20 Nov 2008 03:29:03 GMT
WaMu hires new president and CFO
Washington Mutual Inc. doesn't have a bank to run anymore, but it is adding executives.
Seattle Post-Intelligencer Thu, 20 Nov 2008 03:29:03 GMT
Some 737s need to be inspected
The Federal Aviation Administration has ordered emergency inspections on some next-generation Boeing 737s because of possible faulty fuel pump wiring that could lead to a fire or explosion of the fuel tank.
Seattle Post-Intelligencer Thu, 20 Nov 2008 03:29:03 GMT
Microsoft's Ballmer warns that growth in work force will be 'much slower'
Microsoft CEO Steve Ballmer said Wednesday that the slowdown in the growth of the company's work force would most likely extend for two years.
Seattle Post-Intelligencer Thu, 20 Nov 2008 03:29:03 GMT
Stocks, Bonds Tumble to New Crisis Lows
Stock and bond markets fell to their lowest levels since the outbreak of the economic crisis, as worries about rising defaults by borrowers drove a new wave of concern about the financial system's health.
Wall Street Journal Thu, 20 Nov 2008 01:28:35 EST
Nikkei Sinks Below 8000
Asian markets fell sharply after a late-day slump on Wall Street, with the health of the banking and auto sectors still cause for much concern.
Wall Street Journal Thu, 20 Nov 2008 01:24:43 EST
Market interdependence and financial volatility transmission in East Asia
In this paper, we adapt the Multiplicative Error Model (MEM) to analyze the interdependence of volatility across markets. The MEM specifies the dynamics of a volatility proxy (absolute returns) for one market including terms accounting for an asymmetric im...
Wiley InterScience Thu, 20 Nov 2008 01:24:43 EST
Causality from real stock returns to real activity: evidence of regime-dependence
We find strong evidence of regime switching in the relation between real stock prices and real activity for the UK over the period 1946-2002. Furthermore, there is evidence that the causality pattern from real stock returns to the IP growth rate varies acr...
Wiley InterScience Thu, 20 Nov 2008 01:24:43 EST
Announcement effects on exchange rates
An asset pricing model for exchange rate determination is presented, where technical analysis in currency trade is incorporated in the form of a moving average technique. As a result, the model has jmax+1 rational expectations equilibria (REE), where jmax ...
Wiley InterScience Thu, 20 Nov 2008 01:24:43 EST
SW Gas reading meters from the street
Southwest Gas Corp. customers in Tucson will no longer have meter readers tromping through their yards.
Arizona Daily Star Thu, 20 Nov 2008 01:24:43 EST
Mediation continues in Asarco dispute
Tucson copper producer continues mediation that began last month.
Arizona Daily Star Thu, 20 Nov 2008 01:24:43 EST
TEP to recoup $10M from El Paso utility
Regulatory commission rules TEP should recover imporperly collected fees.
Arizona Daily Star Thu, 20 Nov 2008 01:24:43 EST
BlackBerry Storm: The Novelty Wears Off Fast
Skip the new BlackBerry Storm. If you're hooked on BlackBerrys, you're better off with the Bold, Pearl or Flip.
Time Thu, 20 Nov 2008 00:00:00 EST
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