i work from 3 until like 1130 its not too bad
i work from 3 until like 1130 its not too bad
BMW blowing it up!!!
BMW, the world’s biggest maker of luxury vehicles, posted second-quarter net income of 119 million euros ($171 million) compared with a median estimate of a loss of 112 million euros in a Bloomberg News survey of seven analysts.
‘Good Result’
“That’s a good clean result in a tough environment,” said Mike Tyndall, an analyst with Nomura Securities in London. “BMW is reaping the benefits from cutting production early and reducing costs.”
“Highly volatile” car markets make an earnings forecast for 2009 impossible, Munich-based BMW said. The company said it still forecasts a drop in full-year sales, with second-half deliveries “expected to stop the downwards trend” of the first six months.
And we're off!
Going to see some profit taking and a dip today on income news..
Dow
9,268.80 -17.76 (-0.19%)
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Nasdaq
1,997.12 -11.49 (-0.57%)
-Ant.
The Carbon Fibered R6
-Ant.
The Carbon Fibered R6
-Ant.
The Carbon Fibered R6
Morning peoples!
"Drop 5 stacks on the makeup bag"
uhh.. that doesn't make sense.. but then again.. what DOES these days??
# Consumer spending rises in June, incomes fall Reuters - 57 minutes ago - Related articles »
-Ant.
The Carbon Fibered R6
-Ant.
The Carbon Fibered R6
-Ant.
The Carbon Fibered R6
Ant you feel the need to post pics today?
"Drop 5 stacks on the makeup bag"
-Ant.
The Carbon Fibered R6
-Ant.
The Carbon Fibered R6
-Ant.
The Carbon Fibered R6
Pepsi Reaches $7.8 Billion Agreement to Buy Bottlers (Update1)
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By Zachary Mider and Doron Levin
Aug. 4 (Bloomberg) -- PepsiCo Inc., the world’s second- largest soda maker, agreed to buy the rest of Pepsi Bottling Group Inc. and PepsiAmericas Inc. for about $7.8 billion.
PepsiCo will pay $36.50 a share for Pepsi Bottling and $28.50 a share for PepsiAmericas, half in cash and half in stock, based on the July 31 closing price of PepsiCo, the companies said today in a statement. PepsiCo offered about $6 billion in April for its two biggest bottlers, a bid they both rejected.
The takeovers would give Purchase, New York-based PepsiCo control of about 80 percent of its North American beverage market, enabling Chief Executive Officer Indra Nooyi to cut hundreds of millions of dollars in annual costs and simplify negotiations with retailers such as Wal-Mart Stores Inc.
Pepsi Bottling jumped $2.23 to $35.85 in early New York trading. PepsiAmericas added $1.80 to $27.95 and PepsiCo climbed $1.05 to $57.25. Pepsi Bottling has climbed 33 percent on the New York Stock Exchange since April 17, the last trading day before PepsiCo announced its initial offer. PepsiAmericas has risen 32 percent and PepsiCo 7.8 percent.
PepsiCo already owns about 33 percent of Somers, New York- based Pepsi Bottling and about 43 percent of Minneapolis-based PepsiAmericas.
The parties had sparred over how much the maker of Pepsi- Cola could expect to save. Pepsi Bottling said in June that the transactions could bring as much as $850 million in annual savings, compared with PepsiCo’s estimate of at least $200 million.
$300 Million
“This transaction is expected to create annual pre-tax synergies of $300 million by 2012 largely due to greater cost efficiency and also improved revenue opportunities,” today’s statement said. The combination would add 15 cents to earnings by the time all savings are realized, the companies said. The deal should be complete late this year or early in 2010.
PepsiCo and bigger rival Coca-Cola Co. sell beverage concentrate and syrup to licensed bottlers, which add water and other ingredients, put the mixture in bottles and cans, and sell it. In 1999, PepsiCo followed Coca-Cola’s lead by spinning off its capital-intensive bottling operations to create Pepsi Bottling.
PepsiCo got advice on the transaction from Centerview Partners, Bank of America Corp. and Davis Polk & Wardwell. Pepsi Bottling was advised by Morgan Stanley, Perella Weinberg Partners and Cravath, Swaine & Moore LLP. PepsiAmericas used Goldman Sachs Group Inc., Briggs & Morgan P.A. and Sullivan & Cromwell LLP.
what up peoples
whats going on all?
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
not much, just getting in my morning yawn....LOLOriginally Posted by oneSLOWex
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
shit....just hangin out mane....like always....trying not to work too much but you know lol
well, thats how pimps do, so keep it pimping, pimping!!
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
hahaha
i think im taking a lazy day today and not doing shit
i see nothing wrong with that my friend....
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
LOL that RJO dude is one lucky sumbish
:boobies::boobies:i see nothing wrong with that my friend....
psi, the guy in your sig got knocked the fuck out...LOL
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
*yawn* fuck an exam
http://www.youtube.com/watch?v=wEKLx...layer_embedded
response from 03RCode: Hell, it turns me on. I have a steel hard erection as speak
"Who Gives a Fuck" Crew Member #5
No shit huh?? Bad day for him.
I'd hit it.
WHY WON'T THIS COMPANY JUST DIE!!
GM says it won't be making its Opel bid recommendation - between the competing bids of Magna (MGA) and RHJ (RHJIF) - to the board today after all, as negotiations slow. Opel's top labor leader says German Chancellor Angela Merkel will be required to break the deadlock over the bid.
from SeekingAlpha.com: Market Currents by SeekingAlpha
GM says it won't be making its Opel bid recommendation - between the competing bids of Magna (MGA) and RHJ (RHJIF) - to the board today after all, as negotiations slow. Opel's top labor leader says German Chancellor Angela Merkel will be required to break the deadlock over the bid. Post your comment!
Dow
9,288.45 +1.89 (0.02%)
S&P 500
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Nasdaq
2,005.59 -3.02 (-0.15%)
talk about flat, damn.
Aug. 4 (Bloomberg) -- U.S. stocks fluctuated as a bigger- than-estimated increase in home sales offset concern that the market’s recent rally has made American equities too expensive.
Caterpillar Inc. posted the best gain in the Dow Jones Industrial Average after saying earnings may reach $10 a share by 2012 and the National Association of Realtors said existing home sales increased for a fifth month. Technology shares were the biggest drag on the Standard & Poor’s 500 Index after yesterday’s rally pushed the gauge to its most expensive valuation compared with earnings in 11 months and a measure of its momentum to the highest in almost three years.
The S&P 500 retreated less than 0.1 percent to 1,002.23 at 11:09 a.m. in New York after topping 1,000 yesterday for the first time since November. The Dow added 2.42 points, or less than 0.1 percent, to 9,288.98 and the Nasdaq Composite Index decreased 0.2 percent to 2,005.39.
The S&P 500 yesterday reached its highest level since President Barack Obama was elected Nov. 4 on speculation the recession is ending after gauges of manufacturing and construction spending in the U.S. topped forecasts and China’s factory output expanded.
The index’s valuation rose to about 17.4 times its companies earnings over the past 12 months, the highest since September. Since reaching a 12-year low of 676.53 on March 9, the S&P 500 has climbed 48 percent, the steepest rally since the 1930s. Its 14-day relative strength index yesterday topped 75, the highest since October 2006. A relative strength reading above 70 is typically a sell signal to technical analysts.
Early declines in stocks came after a report from the Commerce Department showed personal incomes fell 1.3 percent in June, topping economists’ estimate of a 1 percent decrease.
Earnings Watch
Per-share earnings have beaten estimates at 76 percent of the 390 companies in the S&P 500 that released second-quarter results since June 17, according to data compiled by Bloomberg.
Companies in the S&P 500 are still headed for a record eighth consecutive decline in quarterly profits. Per-share earnings have tumbled 32 percent on average. Analyst estimates compiled by Bloomberg predict a 31 percent drop in the second quarter and a 22 percent third-quarter decline. While earnings are falling, results have surpassed projections by an average 9.6 percent.
Global equity investors who follow the Wall Street axiom to “sell in May and go away” are missing out on the biggest gains in at least four decades. The MSCI World Index climbed 19 percent from May 1 through yesterday, the steepest advance for that period in the 23-country measure’s history stretching back to 1970, according to data compiled by Bloomberg.
‘Bullish Market’
The S&P 500 will climb at least 10 percent more this year, Ralph Acampora said. Acampora retired as one of Wall Street’s best-known technical analysts in 2007 and went back to work managing money this year at Geneva-based Altaira Wealth Management.
“Any move above 1,000 will just reinforce this bullish market that’s unfolding,” he said.
The S&P 500 topped 1,000 for the first time in nine months after better-than-expected profits helped restore $3.7 trillion to U.S. stock markets since March. The S&P 500 remains 36 percent below its all-time high of 1,565.15 on Oct. 9, 2007. Before November, the index traded above 1,000 for five years.
Profits that surpassed analysts’ estimates at a record percentage of S&P 500 companies helped push the index to its fifth consecutive monthly gain in July.
To contact the reporter on this story: Whitney Kisling in New York at [email protected].
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real talk...No shit huh?? Bad day for him.
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
Yah because Americans are just DYING to get into Iran.. WTF..
Iran accuses 3 Americans of illegal entry
from msnbc.com: Top msnbc.com headlines
Three American hikers were last seen at Dukan Resort, near Sulaimaniyah, Iraq.Iran said Tuesday the three Americans who strayed across the border from Iraq are under arrest for illegal entry and claimed their case is being used by the West for propaganda.
WOW Finally something I like that Obama is doing..
After early pledges by President Obama that he would moderate the Bush administration’s tough policy on immigration enforcement, his administration is pursuing an aggressive strategy for an illegal-immigration crackdown that relies significantly on programs started by his predecessor.
A recent blitz of measures has antagonized immigrant groups and many of Mr. Obama’s Hispanic supporters, who have opened a national campaign against them, including small street protests in New York and Los Angeles last week.
The administration recently undertook audits of employee paperwork at hundreds of businesses, expanded a program to verify worker immigration status that has been widely criticized as flawed, bolstered a program of cooperation between federal and local law enforcement agencies, and rejected proposals for legally binding rules governing conditions in immigration detention centers.
Story continues below ↓advertisement | your ad here
“We are expanding enforcement, but I think in the right way,” Janet Napolitano, the homeland security secretary, said in an interview.
Ms. Napolitano and other administration officials argue that no-nonsense immigration enforcement is necessary to persuade American voters to accept legislation that would give legal status to millions of illegal immigrants, a measure they say Mr. Obama still hopes to advance late this year or early next.
That approach brings Mr. Obama around to the position that his Republican rival, Senator John McCain of Arizona, espoused during last year’s presidential campaign, a stance Mr. Obama rejected then as too hard on Latino and immigrant communities. (Mr. McCain did not respond to requests for comment.) Now the enforcement strategy has opened a political rift with some immigrant advocacy and Hispanic groups whose voters were crucial to the Obama victory.
“Our feelings are mixed at best,” said Clarissa Martinez De Castro, immigration director of the National Council of La Raza, which has joined in the criticism, aimed primarily at Ms. Napolitano. “We understand the need for sensible enforcement, but that does not mean expanding programs that often led to civil rights violations.”
Criminal prosecutions increase
Under Ms. Napolitano, immigration authorities have backed away from the Bush administration’s frequent mass factory roundups of illegal immigrant workers. But federal criminal prosecutions for immigration violations have actually increased this year, according to a study by the Transactional Records Access Clearinghouse, a nonpartisan group that analyzes government data. In April, there were 9,037 immigration cases in the federal courts, an increase of 32 percent over April 2008, the group found.
Ms. Napolitano said in the interview that she would not call off immigration raids entirely as some Hispanic lawmakers have suggested. “We will continue to enforce the law and to look for effective ways to do it,” she said. “That’s my job.”
up
my attitude is celibate, I DON'T GIVE A FUCK!!!!
gully side movement.
from slavery to president!
bunmp
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