Monday, August 31, 2009

Monday premarket

AlphaNinja - US stocks look to open down about 1%, following a 6.7% drop in Chinese shares. Oil is down to $71 on fears that the economic recovery is in doubt.


Some bailouts are better than others - the taxpayer has made out well with some of the bank loans:
The profits, collected from eight of the biggest banks that have fully repaid their obligations to the government, come to about $4 billion, or the equivalent of about 15 percent annually

One man continues his fight against Google, at his new firm.

Despite good intentions, phasing out incandescent light bulbs may not save much energy, while offering lower quality light.

Investment banks saw the worst August since 1994 in terms of M&A deals.

An oil expert doesn't see the world weaning itself off the commodity anytime soon.

Some Tribune creditors will make the legal argument that the company was basically insolvent at the time of the LBO deal.

With Ralph Lauren's US sales flattening, they see their underpenetration in Asia as a big growth opportunity.

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