Slightly disappointing earnings

Alcoa, alias the Aluminum Corporation of America, is traditionally the first major corporation to report its earnings. In the fourth quarter the Company lost $277 million despite the fact that in 2009 they massively restructured, laid off thousands of employees, idled...

Proposal for Feds to earn back TARP monies

Over the weekend the Obama Administration proposed a way for the U.S. Federal Government to recoup bailout monies paid in 2008 and 2009. At this point the details are uncertain, but the general idea is that the Feds would charge a fee to banks. One idea is to levy the...

Earnings season guide

The fourth quarter of 2009 and the full year 2009 officially ended December 31st so earnings season must be just around the corner. The fourth quarter/full year earnings season kicks off a little later than a typical quarter because it takes longer for corporations to...

Job cuts – job cuts

Job Losses: The U.S. Department of Labor reported today that employers shed 85,000 jobs in the month of December. That loss puts the overall U.S. unemployment rate at a double-digit rate of 10.0%. This loss was a much greater loss of jobs than the expected loss of...

As the world turns – an Iranigans update

For today’s second post I wanted to give a brief update on what is going on with the Iranian nuclear development program. In short, nothing much has changed… The United States: The U.S. continues to want a delay in dealing with Iran so that it can focus...