• Retail Sales Dipped in July Despite Clunkers Program – “U.S. retail sales unexpectedly fell in July despite the debut of the government’s ‘cash for clunkers’ program meant to jump-start the auto business and help turn around the economy.” [WSJ]
• France and Germany exit recession – FTW. [BBC]
• U.S. Initial Jobless Claims Increased to 558,000 Last Week – “Applications rose to 558,000 in the week ended Aug. 8 from a revised 554,000 the week before, the Labor Department said today in Washington, while staying under 600,000 for a sixth time. ” Under 600k? Does that mean the recession is over? [Bloomberg]
• Cheney Uncloaks His Frustration With Bush “[Bush] showed an independence that Cheney didn’t see coming.” [Washington Post]
• Ex-AIG CEO, others to pay $115 million to settle lawsuit: source – Tough month for Hanky [Reuters]
• UBS shares climb further on U.S. tax case deal – Closure helps. [Reuters]
Related Posts
Preliminary Analytics | 08.20.09
• SEC Plays Keep-Up in High-Tech Race – “But by many accounts, the agency is outmatched by the traders and market venues with technology that is remaking the trading world.” [WSJ]
• Switzerland Selling UBS Stake After U.S. Tax Accord – UBS, you’re fired. [Bloomberg]
• Bernanke, a Hero to His Own, Can’t Shake Critics – But what’s a hero? [NYT]
• AIG Customers Sue Insurer for Not Covering Madoff Fraud Losses – Why not? Lump it on. [Bloomberg]
• Bring on the breakfast burritos: Taco Bell rolls out new morning menu – After the all nighter at the office, you’ve got new options and new digestive challenges. [NYDN]
Preliminary Analytics | 08.25.09
• Obama to Reappoint Bernanke as Fed Chief – “Mr. Bernanke is seen by supporters inside the administration and in markets as a creative and steady hand who helped to keep the financial chaos, which became especially dangerous in the past year, from becoming much worse.” Now that the next four years are in the bag, the beard is getting grown out. [WSJ]
• Volcker: Money funds weaken financial system – Sounds like someone wants headlines on someone else’s big day. [Reuters]
• Appeals Court Says Stanford Must Remain in Jail – Let’s get this circus of a trial started already. [DealBook]
• GameStop says CFO will retire in March – Presumably to work on his GTA game [Reuters]
Preliminary Analytics | 11.13.09
• After Switzerland, U.S. Said to Aim at Hong Kong – You offshore money will be found. [DealBook]
• The Dilbert Guide to Angry Investing – [Idea of the Day/NYT]
• Alleged Ponzi Scheme Likely To Top $1 Billion, FBI Says – In the Ponzi du jour, Scott Rubenstein is accused of selling bogus legal settlements to investors. [WSJ]
• Roomy Khan Tipped Several People In Galleon Case – Diabolical. [Reuters via NYT]