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JCPenney Is Quietly Firing Lots Of Middle Managers Across The Country (JCP)
Ron Johnson's plan to transform JCPenney continues to roll along, and many of its workers on the frontlines aren't happy about the changes. JCPenney cut a bunch of middle managers across the country on...
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JCPenney Associate: 'It Has Become An Awful Place To Work' (JCP)
Ron Johnson is completely overhauling JCPenney, but what do the folks on the ground, grinding away at their not-so-glamorous retail jobs think about the changes? The latest string of firings occurred...
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HUGH HENDRY: A Profound Market Moment Is Coming In The Next Few Years
Hugh Hendry, CIO and co-founder of Eclectica Asset Management, waxed deeply bearish about the state of the global economy in a panel at the Milken 2012 Global Conference yesterday. While acknowledging...
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The State Leading America's Wind Farm Charge Sits On An Ocean Of Oil
According to the Energy Information Administration, Texas now officially leads the nation in wind energy production, producing approximately 30 billion kWh a year. Unofficially, Texas had surpassed...
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WHITNEY TILSON: I Can't Prove It, But I Think Green Mountain Was Stealing...
After Green Mountain Coffee slashed its yearly sales estimates on lower demand from the first quarter of 2012, hedge funder Whitney Tilson appeared for a guest segment on CNBC smiling as he said...
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Natural Gas Prices Tumble, Chesapeake Shares Tank (CHK, KWK, XEC)
Natural gas futures fell -4.34% on concerns of a cooler summer. July contracts for natgas declined to $2.36. It was the greatest decline in the past two months, Bloomberg said. Meanwhile, Chesapeake...
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The Carlyle Group Priced Their IPO At $22 A Share
We've been waiting the private equity firm, The Carlyle Group, to go public for what seems like forever. And now they've finally done it. The firm officially went public after trading today, selling...
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Here Are The Key Market Moving Events For Thursday, May 3, 2012 (CVC, VIAB,...
Thursday is a busy day, both on the macro and earnings side. Companies including Kraft, Viacom, and Cigna are all scheduled to report quarterly results for the first three months of 2012. Macro data...
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Here's What 12 Top Economists Are Saying About Tomorrow's Huge Jobs Number
Investors are waiting patiently for tomorrow's employment situation report released by the Bureau of Labor Statistics. All eyes will be on the nonfarm payrolls report in the U.S., with consensus...
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CHART: Morgan Stanley Explains How Europe Can Break The Vicious Bank-Bond...
Morgan Stanley has a note out this morning looking at Spain, which is struggling lately with a troubled banking system and an increased cost of borrowing. Investors fear Spain will need to bail out...
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BUY ON NEWS: This Chart Proves Drudge Report Headlines Predict Stock Market...
Here's an odd leading indicator. Bespoke Investment Group has been tracking the number of finance headlines on the Drudge Report front page and compares them to the S&P 500. Turns out its a great...
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LAST-SECOND COMEBACK FOR FACEBOOK (FB)
Facebook's stock had been getting hammered, but it staged a big comeback today. After falling as much as 4%, the stock managed to bounce back and close up 5% for the day at $29.60. Please follow SAI on...
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STOCKS GO NOWHERE AFTER WAVE OF BAD NEWS: Here's What You Need To Know (SPY,...
The first 24-hours of the economic Super Bowl are nearly done. First the scoreboard: Dow: 12,393, -26.41, -0.21%S&P 500: 1,310, -2.99, -0.23%NASDAQ: 2,827, -10.02, -0.35% And now the top stories:...
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Corporate Profits Go Parabolic
A couple charts we grabbed from FRED based on today's GDP revision report. First, corporate profits have gone absolutely vertical. Corporate profits divided by GDP -- which is a rough approximation for...
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It Looks Like The Irish Public Don't Really Care About Europe
Ireland is voting today on the EU Fiscal Compact — essentially holding a referendum on whether they should cede budget sovereignty. That's kind of a big deal, but does Ireland care? Apparently not —...
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Here Is Everything You Need To Know For Tonight's Massive Data Deluge
Over the next 16 hours, a deluge of economic announcements will impact markets. The reports include a number of manufacturing reports, unemployment readings, and fresh GDP numbers. Here's what you need...
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South Korea's Manufacturing PMI Falls To 51, Factory Output Slows To A...
The May South Korea HSBC PMI fell to 51.0, the fourth consecutive decline. Key points Factory output rises at slowest rate in current four-month period of growth Jobs growth remains marginal Output...
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HUGE MISS: CHINA OFFICIAL PMI FALLS TO 50.4
UPDATEOuch. China's official PMI number fell to 50.4, which was lower than 52 expected by economists. It's also just marginally above that key breakeven level of 50. Key points Output, New Export...
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The Aussie Dollar Insta-Tanks After That Bad Chinese PMI
Chinese PMI just came in weak. And here's the market verdict. Insta-fall in Aussie dollar. Via FinViz: Meanwhile, Japan is down over 1%. Please follow Money Game on Twitter and Facebook.Join the...
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This Chart Shows Us Why We Can't Blame China For US Job Losses
The rise of emerging markets like China and Brazil coincided with the long decline of the U.S. manufacturing sector. This has led to some adversarial rhetoric from politicians and pundits, blaming...
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