Hints and tips:
...Productivity-hype bubbles are usually separated by at least 25 years and usually form at the end of a secular bull market, when aggregate profits are coming under pressure, say Garthwaite et al....
...Not a positive absolute return, by any means, but not that bad compared to the Agg’s 15 per cent loss, a 23 per cent drawdown for high-grade corporate debt and the S&P 500’s 22-per-cent puke....
...Shares in the asset manager rose 5.7 per cent on the day the deal was announced, and this year they have nearly doubled the S&P 500’s performance....
...et al v....
...to the MSCI) and Rémy Cointreau a significant outperformer (+14% absolute, +28% relative)....
...Key for Centrica is maintaining its Baa2/BBB credit ratings with Moody’s/S&P, which we think is possible....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...John Butters of FactSet calculates that over the past five years, S&P 500 companies who beat EPS forecasts saw an average stock price increase of 1 per cent....
...Official guidance is required on whether Gareth Bale et al were expressing confidence in the UK’s future as a free trader, or were just better at kicking a ball around....
...Time Warner’s are down 15 per cent, while Walt Disney’s are off by a similar amount, on fears of slowing growth at its ESPN channel. By contrast, the S&P 500 is flat over the same period....
...Funds may have sold out of Valeant, Apple et al before the rot set in....
...The quarter just ended was certainly a turn for the worse, a 7 per cent slide by the US S&P 500 and its weakest performance since 2011, so did the world’s biggest and best remunerated hedge fund managers...
...In the Netflix world, Comcast et al still deliver the content, but they need to find a new way of getting paid....
...The other challenge for HP, Dell, et al is that the biggest customers can do it themselves. Google designs and builds its own serv” programme....
...For a company like Rural that is traded on a major exchange, ―[t]urnover measured by average weekly trading of . . . 1% would justify a substantial presumption‖ of market efficiency. 5 Bromberg et al., Bromberg...
...(Financial Times) EU proposals for Libor et al to be unveiled today: “[B]enchmarks that are deemed to be “critical” would be overseen by a college of national supervisors led by the Paris-based European...
...(Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes. (Financial Times) - Samuel Brittan: Productivity matters, but it’s not everything....
...- Why the Acme Brick Company et al are Berkshire’s secret weapons....
...- A departing Barclays analyst’s lament (it’s not on Libor). - Abnormal Returns on unforced (investment) errors. - Five hits from Scott Sumner, on the eurozone, FOMC, et al....
...Fox Television Stations et al) was appealed to the US Supreme Court, where it was debated on Tuesday....
...Moody’s, S&P and Fitch in terms of their rating results is that Dagong emphasizes more on the country’s capability to pay its debt....
...But he also asks the question: are cracks rallying because of decisions this quarter by refineries like Sunoco, Valero, et al to take capacity offline, or are cracks rallying in spite of those actions?...
...In the absence of a fresh catastrophe, markets will remain range-bound, according to Yardeni, whose top forecast has the S&P hitting 1000....
...But investors loved it, sending the S&P 500 index surging 7 per cent. With seemingly a new lease of life, the next day Mr Geithner argued for sweeping new powers to wind up bank holding companies....
...“In 75 per cent of those [44] years,” he writes, “the S&P stocks recorded a gain. I would guess that a roughly similar percentage of years will be positive in the next 44....
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