Last week the three partners in AGR Matthey decided to dissolve their partnership. The Perth Mint will acquire full ownership of the gold and silver refining business in Perth and Johnson Matthey will acquire full ownership of the platinum and silver brazing alloys business in Melbourne. Newmont will exit from these businesses entirely but will [...]

Google says that the advertising market is beginning to return to normal. And normal for them means close to a $2B quarterly profit.
Their latest earning release also highlighted a 17% year on year growth in revenues — now up to $6.67B per quarter — from $5.7B per quarter during the same period in 2008. Chief [...]

Intel posted a fourth-quarter net income of $2.3 billion, up 875% over its report last year at this time. Record revenues came in at $10.6 billion, up 28% year over year. Further the company yet again boosted its revenue guidance saying it expects first quarter revenue of $9.30 billion to $10.10 billion. The consensus estimate [...]

Notebook computers led PC shipments to the strongest quarter in more than a year said research firm IDC on Wednesday. Shipments in the U.S. were up 24% from a year earlier and World-wide PC shipments increased 15% from Q4 of 2008.

IDC saw pent-up demand for new computers in a reviving U.S. economy along with year [...]

U.S. telecom and cable operators are likely to increase their capital expenditures this year according to estimates from Avian Securities.
In a research report released last week the firm estimates that telecom service providers will increase their spending by 1.5% to $57.7 billion.
Avian estimates that the largest spenders will be AT&T Inc. (NYSE: T) ($17.5 billion), [...]

Earlier in the week, Lowe’s Cos. (LOW) said in the third quarter it saw improved sales in several major big-ticket categories, including major appliances and flooring projects.
Same-store-sales declines for Lowe’s progressively moderated as Q3 advanced, with October same-store sales only dropping 5.6%, following a 7.9% decline in September and an 8.7% drop in August. For [...]

I wrote an article in Financial Express titled The problem of big banks. On this subject, also see:

In the world of banks, bigger can be better, Charles Calomiris in the Wall Street Journal.
A three-way split is the [...]

from Marketwatch: General Electric profit slumps 44%
Financial business being run down rapidly, industrial business, a basic GDP play, seeing 8% lower revenues from the year ago period.
The pre-eminent American industrial company manages decline.

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While skeptics remain, Q3 earnings season kicked off on Wednesday with almost all those announcing earnings surprising to the upside.
Alcoa, the firm which much earlier in the year pegged the global turnaround, swung to a profit in Q3. “We do clearly see growth, substantial growth … in China,” Alcoa CEO Klaus Kleinfeld told reporters. “The [...]

Last week General Motors (GM) announced their new program that further attempts to boost consumer confidence in their vehicles. The money-back guarantee states that you can return the vehicle for any reason, no questions asked, up to 60 days after purchase.
A quote from GM’s press release reads like this:
General Motors announced today that it will [...]