Wednesday, August 5, 2009

Wednesday premarket

AlphaNinja - US stock futures are down, after an ADP report shows job losses are continuing at a brisk (but maybe slowing) pace. Kraft (KFT) and Procter & Gamble (PG) reported better-than expected earnings, though PG stock is off 3% despite the news.

For the 1st time in 20 years, farm real estate values fell. Interested in a few acres?
"The highest farm real-estate values were in the Northeast, at $4,830 an acre. Rhode Island farm real estate fetched an average of $15,300 an acre, the highest in the country. The lowest farm real-estate values were in the Mountain region, at $922 an acre. The state with the lowest farm real-estate value was New Mexico, which averaged $480 an acre."

NYTimes looks ahead to the future of advertising.

Donald Trump's attempt to take control of bankrupt casino company Entertainment Resorts runs into trouble, as he faces the uncomfortable realities of the capital structure (he's not first in line...)

Citigroup's $100million trader, trying to get his pay...

Arthur Laffer points out that while "55% of respondents to a recent CNN poll think the U.S. health-care system needs a great deal of reform. Yet 70% of Americans are satisfied with their current health-care arrangements, and for good reason—they work."

A former Enron trader urges regulators to restrict the ability of speculators to influence the price of commodities.

As sports endowments plunge, high-end colleges are forced to reduce travel spending and new complexes.

Former AT&T chief and current GM Chairman Edward Whitacre Jr vows that the automaker will not lose any more market share.

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