Black and White Program

Posts from August 2012

New York Times Company said it has sold its how-to website About.com

August 27th, 2012 by Kyle Rankin | Report

In a continued effort to divest itself of residual businesses, shed losing assets, and focus on its core publications, New York Times Company $NYT said it has sold its how-to website About.com to the owners of Ask.com. $300 million in cash is the reported transaction amount that IAC/InterActiveCorp.$IACI (a Barry Diller company) paid for the […]

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State unemployment claims up and Housing sales climb in display of slow progress

August 23rd, 2012 by Black and White Program Staff | Report

The U.S. Department of Labor reported that initial claims for state unemployment benefits rose 4,000 last week to a seasonally adjusted 372,000, considered by analysts to be a sluggish labor market. The four-week moving average for new claims was calculated at 368,000 last week, a slight increase from the prior week, but still 2.1 percent […]

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Fall catalysts to watch 2012

August 21st, 2012 by John Eastman | Report

Many investors key in on a company’s catalyst events and accordingly take a long or short investment positions as their strategy. A similar approach can be applied larger scale using upcoming catalysts associated with government, economic, and general news. Landing on the right side leading up to, on, or after the catalyst point could benefit […]

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Netflix Inc. CEO Reed Hastings buys $1 Million of Facebook stock

August 13th, 2012 by Steven Barnes | Report

Often, when an insider or CEO of a public firm makes an open market purchase of company stock, it’s considered a vote of confidence, especially if there is controversy in the company, a tanking stock, large PR problem, or continual quarterly losses. When directors of the company do the same, it’s also a vote-with-two-feet indication […]

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U.S. Postal Service’s delivers a $5.2 billion loss for last quarter

August 10th, 2012 by Black and White Program Staff | Report

The U.S. Postal Service’s delivered a $5.2 billion loss for the three months ended June 30, despite $3.3 billion (9%) in revenue increases in shipping and packaging services. Officials attributed losses in part to due to declining volume of first class mail (4.4% from the previous quarter) and a congressional mandate to pre-fund retirement health […]

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Unexpectedly, new jobless claims drop

August 10th, 2012 by Black and White Program Staff | Report

Americans filing new claims for jobless benefits fell last week, potentially indicating the economic condition of the country is improving. Initial claims for state unemployment benefits decreased 6,000 to a seasonally adjusted 361,000, the Labor Department stated. Many economists had projected claims to rise to 370,000. The data is reported following information released last week […]

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Federal Housing Administration (FHA) rebounds

August 3rd, 2012 by Steven Barnes | Report

The Federal Housing Administration (FHA) may have rebounded from its fiscal mess and could end the fiscal year with about $3 billion in reserves, the result of premium increases and rising loan volume.  U.S. Department of Housing and Urban Development (HUD), which has been overseeing the FHA, cited the turnaround during preparation of Senate confirmation […]

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