All Articles Tagged "wall street journal"
Seven Reasons Apple Shareholders Should Be Cautious
(WSJ) – Apple investors could be excused for feeling on top of the world. Another blowout quarter has sent the stock booming to another all-time high. The iPad seems to be a success. Everything the company touches seems to turn to gold.
Savor the moment, by all means. But don’t get complacent. If you’re an Apple shareholder, here are seven things to be concerned about—and one thing you can do about it.
Jobless Claims Post Drop; Core Inflation Still Tame
(CNBC.c0m) – U.S. producer prices rose more than expected in March on strong consumer food and gasoline costs, while the number of people filing new jobless claims dropped, government reports showed Thursday.
A small gain in the core measure pointed to tame underlying inflation.
The Cash-Rich Retirement
(SmartMoney.com) – Saving diligently for retirement can be stressful. Finding out that you actually have to save almost twice as much as you thought? That’s panic-attack territory.
Still, that’s where many people are now finding themselves as they get closer to retirement. The stock market and the economy have bounced back, but not far enough to restore damaged nest eggs to Grade AA extra-large stature. And for people approaching their office-farewell-party years, the financial consequences of this shortfall can be stark.
How Did The Wall Street Journal Escape Its $80 Million Hole?
(DailyFinance.com) — Maybe Les Hinton did deserve that publisher of the year award after all. Anyone who can take a newspaper from a loss of more than $80 million in one year to a profit in the next year — and in this economy, no less — deserves some kind of prize.
And that’s exactly what the Journal says Hinton did, sort of. Officially, no one there will comment on writer Sarah Ellison’s claim, in an upcoming book about the paper, that it lost $87 million* in fiscal 2009, ended in June of last year.
Obama Revs Up Fund-Raising Machine
(Wall Street Journal) – For $30,400 a couple, Floridians will have a chance Thursday night to rub elbows with President Barack Obama at singer Gloria Estefan’s 15,547-square-foot mansion on Miami Beach’s Star Island.
Donors will give $35,200 a couple at Los Angeles’ Natural History Museum on Monday evening at a presidential fund-raiser for Sen. Barbara Boxer (D., Calif.) and the Democratic National Committee.
Major U.S. Banks Masked Risk Levels
(cokReuters) – Major U.S. banks temporarily lowered their debt levels just before reporting in the past five quarters, making it appear their balance sheets were less risky, the Wall Street Journal said, citing data from the Federal Reserve Bank of New York.
The paper said on Friday 18 banks, including Goldman Sachs Group (GS.N), Morgan Stanley (MS.N), J.P. Morgan Chase (JPM.N) Bank of of America (BAC.N) and Citigroup (C.N), understated the debt levels used to fund securities trades by lowering them an average of 42 percent at the end of each period.
The banks had increased their debt in the middle of successive quarters, it said.
