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Expansion Underway to Find a New Headquarters and Manufacturing and Distribution Facility That Will Meet Our Future Business Expansion Plans (from yesterdays PR)
ONTC little pull abck this morning, but showing stacked bids at or above the .012 (resent resistance)
Apple Opens New App Store for Businesses>>>
Nice vol, gains holding>
Apple Twitter Yahoo Google Microsoft
* Apple surpassed analyst expectations yet again for the company's third fiscal quarter: profits soared 124.7% to $7.3 billion on sales of $25.6 billion. Also announced by CFO Peter Oppenheimer during the call: the latest major software upgrade to the Mac operating system, OSX Lion, should be available today for download. Update: Apple's Web site has been updated with new MacBook Air models pre-loaded with Lion, too. (Fortune)
* Twitter CEO Dick Costolo suggested during his appearance at Brainstorm Tech yesterday that commerce might be the next leg of Twitter's revenue stool. (Fortune)
* CNN reports that Google is drawing up a "celebrity acquisition plan" for Google+. Part of that initiative would involve a celebrity verification system so random users couldn't create fake celebrity profiles for its growing social network. (CNN)
* Microsoft has reportedly dropped out of the bidding race for Hulu. Meanwhile, Yahoo is willing to pay up to $2 billion to buy the TV-streaming site so long as its owners can guarantee exclusive access to current TV shows and older movies for at least four years. (Bloomberg and Business Insider)
* As for Yahoo itself, the Internet company's latest earnings were slightly below predictions from the Street, at least as far as revenues go. Sales came in at $1.08 billion -- a 5% decline compared to the year before -- while profit was $237 million. Said CEO Carol Bartz: "We experienced softness in display revenue in the second half of the quarter due to comprehensive changes we have made in our sales organization to position ourselves for more rapid display growth in the future."
No Kidding> Try THis on...Emminent Regulation Expansion...
Wall Street reform: A year down a bumpy road
WASHINGTON (CNNMoney) -- A year after Congress enacted the most sweeping changes in financial regulation since the 1930s, Wall Street is still waiting for the full impact.
Lawmakers narrowly passed the reforms in the Dodd-Frank Act to strengthen consumer protection, rein in complex financial products and head off more bank bailouts.
A year later, there's a new process in place to wind down failing firms and avert bailouts, and the new Consumer Financial Protection Bureau is launching to regulate credit cards and mortgages among other financial products.
But no one knows whether the federal government will truly allow firms to fail. And no one knows how effective the new consumer bureau will be, especially lacking a Senate-confirmed director.
There are other big question marks: Regulators have yet to detail new rules reining in derivatives, credit rating agencies and nonbanking financial firms that played a role in the financial crisis that crippled the U.S. economy.
Even if regulators come out with new rules, Republicans in Congress have balked at funding those agencies, which have not been able to beef up enforcement teams that would go after rule-breakers.
But although progress has been slow, some important safeguards are about to go into effect. And some financial firms aren't waiting for the new rules to kick in to change their way of doing business.
For example, a crackdown on banks that make speculative bets with their own money has prompted Goldman Sachs (GS, Fortune 500), Morgan Stanley (MS, Fortune 500) and JPMorgan Chase (JPM, Fortune 500) to plan to shut or cut loose their proprietary trading desks.
"I think there has been more progress than people think," said former Assistant Treasury Secretary Michael Barr, a professor at the University of Michigan who helped shape the reforms. "I think the financial system is significantly more resilient than it was two years ago."
Some of the Dodd-Frank provisions that have kicked into place:
Too big to fail: The Federal Deposit Insurance Corp. now has a mechanism to take down giant failing financial firms that threaten the financial system --- an effort to put an end to the concept of "too big to fail."
But the big question lingers: will the federal government truly turn the lights off at a firm whose failure could, once again, threaten an already weakened economy?
"It's one of those things they (critics of the law) won't really believe until one fails and the government does not step in," said a top Treasury official in a briefing with the media last week.
Extra cushions for big banks: A global panel of regulators this week deemed 28 global banks as so big and important that their failure could threaten the economy. Those global banks will have to create "living wills," and keep extra thick capital cushions on hand to help them weather another financial crisis.
Earlier this year, the Fed released new rules that would require the biggest 35 U.S. banks to submit their annual capital plans for review.
Deposit Insurance: The FDIC also permanently raised the amount protected in an individual's bank account to $250,000 from $100,000, carrying through on a change initiated during the financial crisis.
Say on pay: Shareholders have been holding non-binding votes on executive pay and generous packages for executives who part ways with the company.
Consumer Financial Protection Bureau: The new independent agency launches Thursday and will wield powers regulating mortgages and credit cards. The agency will be able to police the largest banks to make sure they're abiding by consumer rules.
However, until a director is in place, the bureau will lack new powers critical to preventing the next financial crisis. These include regulating the non-banking firms that originated hundreds of millions of dollars in subprime mortgages during the height of the boom to families who couldn't afford them.
The bureau also can't deem financial products abusive.
Credit scores: All consumers have been able to get one free credit report a year from the credit rating agencies. But now consumers denied credit or offered credit on unfavorable terms can get a copy of their actual credit score.
Swipe fees: On Oct. 1, swipe fees that the biggest banks charge retailers when customers use debit cards will be capped at around 21 cents, about half of the current average swipe fee of 44 cents.
What's left
There are still lots of rules left to hashed out.
Derivatives: Regulators have delayed, until the end of the year, the bulk of a crackdown on the $600 trillion in complex financial products that posed such a threat to the financial system. Regulators have big decisions to make, such as figuring out which swaps will need to be "cleared," or settled up with, and figuring out who needs to post collateral when making bets.
They also are in the midst of carving out exemptions for businesses such as airlines and farmers that use swaps to spread the risk of a massive price increases in resources such as fuel.
Ban on speculative bank trades: Regulators have until next year to carry out a new rule that bans banks from owning big stakes in hedge funds and speculating with their own money. Named for former Federal Reserve Chairman Paul Volcker, the rule gives regulators leeway in figuring out what's considered proprietary trading or trading on banks' own accounts.
Credit rating agencies: New laws left the Securities and Exchange Commission in charge of cracking down on rating agencies whose acquiescence on mortgage-backed securities helped fuel the crisis. Regulators are still working on rules that would force those agencies to tell regulators more about how they come up with ratings.
Skin in the game: Regulators are considering exempting banks from a requirement that they hold at least 5% of securities tied to mortgages, but only when mortgages are considered safe because the buyers made a 20% down payment.
Proxy access: The provision that would have allowed investors to more easily nominate their own candidates to the boards of publicly traded companies is delayed while it's being challenged in court. A decision is expected soon.
http://money.cnn.com/2011/07/21/news/economy/dodd_frank_reform/index.htm
War on Drugs: 40 years, $1 trillion
Man this really got me, must see pic and story>
http://news.yahoo.com/photos/leopard-injures-11-people-in-india-before-dying-1311168633-slideshow/
AMR Biggest Plane Order In History> Will make American Airlines 15-25% more efficent>
ZILLOW (Z) $43.82 hod $60.00>>>>>>>>>>>>>>>>>>>>>>>
Morning IB, and MBOT> INTC has potential
1st post here, Hi All>
Whats your thoughts on BAC here?
American Airlines places huge order of 460 planes from Boeing, Airbus; plans to spin off Eagle
Apple shares surge on results; earnings targets raised
E-trade spiking on Consolidation rumours
ONTC cranking> bids stacking, peanuts in the way between here and a new HOD
ONTC looking strong here, .02 not a bad call Teaks> first buy was .009, and will be adding through .013 today as long as the momo holds up
AAPL GOOG IBM Weeeeee> BAC How low she gonna go?
You see the 60 Minutes special last night on the Drug war? Was a highlite of the GOvenor who was kidnapped then executed by one of the Big Cartels down there.....
Absoluteloy out of hand.....
the newest tally is almost 40,000 deaths over the last few years, directly related to the drug war.
Here't tp that Bri!! Happy Monday, and lets get that summer time boogie underway>>>>>
have a great weekend and enjoy Bri!!
Will remember the BnB for when ever the heck we finally make it out there
Happens to the best of us>> GOOG ($596.57) looking to break $600 Holy ga jeeszs
Correction, GRPS .0014 not .014, but looking strong to me.......
Watch List for Next Week> GPRS ACDP CYTL TSTRQ MCET ONTC SWRI ICBU PPWE
Tipping Point emminent in the near future. Lots of Fear out there to play upon if one feels able to stay ontop of the market moves and see the larger picture imho.
Unless your really flipping the airline sector, I'd expect it to stay under pressure untill the economy really takes a turn for the better.
Happy Friday>>>>>
The Zoo Open today? Morning All!
Anyone else feel like some donoughts? Am eyeing Dunkin Donoughts IPO potential very closely>>>
Howdy All> Good Morning, and Happy Friday!!!
Good Morning ACDP>>>>
Nice day> Huge VOl and still +11% with that last 595k bid hit there. Nice to see a penny stock hold gains with news
Website very informative imho. http://www.atpanels.com/index.html
Lots of potential value and revenue here
Looking for NFLX and BAC on the lows>
ACDP .32x.36, is a Powder Keg IMHO>
A home or building built with the World Home's all-composite sandwich panels can achieve a heating and cooling load reduction of up to 70% when compared to homes built with concrete masonry walls
Gold River Productions, Inc (GRPS.PK) Float: 204.26M News Just Out>>Gold River Productions Inc. (PINKSHEETS: GRPS) Discusses Its All-Composite "World Home"
GRPS Cranking> .0015's up, +55%, and am still loading here!!!
Board Marked, and 1st post here> have to note you guys look strong!!!
*************USA Womens Team in the World Cup Finals*******