Here’s Your Morning Market Roundup
- Posted on November 2, 2011 at 9:43am by
Becket Adams
- Print »
- Email »
[Editor's note: the following is a cross post from Wall St. Cheat Sheet.]
Greece’s prime minister George Papandreou will meet with French President Nicolas Sarkozy and German chancellor Angela Merkel today to discuss his referendum plan. The three will meet in Cannes for the G20 summit meeting, which will include discussions of how to quickly fight the euro zone debt crisis.
In addition to angering his euro zone peers, Papandreou’s referendum decision has not been fully supported by some of his party members and the media. On Friday, Greek parliament will vote on his actions.
(Super Hot Feature: VIRAL VIDEO: The Secret Truth Behind Who Will Really Bail Out Europe.)
After China’s (NYSE:FXI) disappointing manufacturing activity numbers on Tuesday, the euro zone delivered its own weak manufacturing figures today. The 17-nation region reported greater contracting than expected for October, with a Markit purchasing managers index declining to 47.1, from 48.5 in September. The preliminary estimate had been 47.3. A number of less than 50 indicates a contraction. The one positive note was Ireland, who showed a slight growth at 50.1.
A MF Global (NYSE:MF) attorney has told a U.S. Bankruptcy judge that the alleged $700 million in missing customer funds has been accounted for; however, the firm did admit to using them for its recent troubles. The FBI will most likely investigate this for possible criminal activity.
.
Time Warner (NYSE:TWX) reported third quarter earnings jumped 57 percent from increasing revenue after its previous year $295 million debt-related charge. The company reported a $822 million profit ($0.78 per share), up from $522 million ($0.46) from the previous year. Without investment gains and other items, earnings rose to $0.79 from $0.62. Revenue rose 11 percent to $7.07 billion. Analysts estimates had earnings at $0.76 per share from $6.98 billion in revenues. Contributing to the strong third quarter was the Harry Potter film’s $1.3 billion global box office sales.
Comments (6)
Sign In To Post Comments! Sign In
Popular Stories
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 694 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 501 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 354 Comments
‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 338 Comments
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 325 Comments
Faith
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 325 Comments
Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 338 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order 249 Comments- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 148 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 302 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 325 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
scoter
Posted on November 3, 2011 at 12:30amhttp://www.helpfireobama.com Please give $20.12
Report Post »rosecityken
Posted on November 2, 2011 at 12:20pmtheir public sector is enormous and unsustainable. and we will end up helping to bail them out since the alternative is watching europe implode financially. we will supporting european socialism. God Bless the U.S.A.
Report Post »weeblewacker1
Posted on November 2, 2011 at 3:16pmhehehe gee maybe you all can bail out goldline! 19 counts of fraud and theft!! The complaint alleges that Goldline “runs a bait and switch operation in which customers, seeking to invest in gold bullion, are switched to highly overpriced coins by using false and misleading claims,” according to a statement released by the consumer affairs division of the Santa Monica City Attorney’s office.
The company has been charged in the court filing with misdemeanors that include theft by false pretenses, false advertising, and conspiracy, the City Attorney’s office said. In addition to the charges against the company, the complaint accuses former CEO Mark Albarian, executives Robert Fazio and Luis Beeli, and salespeople Charles Boratgis and Stephanie Howard of defrauding customers. Current CEO Scott Carter is accused of making false or misleading statements.
Report Post »Gonzo
Posted on November 2, 2011 at 11:02amWho do the Greeks think will pay for their lifestyle when they vote against the bailout? Ths sad part is, America is headed down the same road and I’m not sure Americans would be any more rational than the Greeks.
Report Post »Lloyd Drako
Posted on November 2, 2011 at 11:16amThat’s what happens when you have a democracy! A majority will always vote for lower taxes and more spending, especially spending on themselves. It’s as old as Thucydides. Thank Heaven we are not a democracy but a constitutional republic!
Report Post »Gonzo
Posted on November 2, 2011 at 11:29amYou‘re assuming the American people won’t vote for politicians who will always vote for lower taxes and more spending. It’s a good check but, it’s useless when you have elected officials with the same mindset as the Greek people.
Report Post »