Loren C. Steffy's Blog, page 44
May 23, 2012
What I’m reading with my morning coffee |5.23.12
Parker, Southwest to announce agreement on Hobby expansion. Even if Houston makes a deal to become Southwest’s international gateway, the airline still has internal issues, as its flight attendants turn down a deal on international flying. Meanwhile, United continues to wrestle with customer service issues, angering some frequent fliers by calling them “over-entitled.” And the [...]
May 22, 2012
What I’m reading with my morning coffee | 5.22.12
Houston’s Cooper Industries to be sold for $11.8 billion. The buyer, Eaton, is moving away from its roots in auto parts, but it also may be bending some of its own rules to make the numbers work on this deal. Amazon figures out how to funnel California sales taxes back into its own pockets. 7 [...]
May 21, 2012
BMC takeover battle heats up as Elliott fires back
In its latest letter to BMC's board, a big investor took issue with management's claim that BMC achieved strong financial results in its last fiscal year.
Facebook faces reality as shares tumble below offering price
Even if you look past the longer-term issues with its business model, Facebook's IPO was overpriced on the fundamentals.
Should we be surprised the biodiesel credit market is fat with fraud?
Markets need oversight and regulation to function properly. If the EPA doesn't have the "capacity" to ensure that what's being traded is real, then it might as well admit its "market" is fundamentally flawed.
What I’m reading with my morning coffee | 5.21.12
Nasdaq `embarrassed’ at Facebook delay. The exchange claims its trading bungle didn’t contribute to the IPO’s tepid performance. That performance, by the way, continues to underwhelm as Facebook’s shares drop below the IPO price in early trading. Meanwhile, the New York Times analyzed the Facebook gold rush mentality and the realities surrounding the IPO. Headline [...]
May 17, 2012
Amid adversity, Chesapeake offers daily tweet-spiration
[View the story "Tweeting inspiration" on Storify]
The oil spill ethics discussion revisited
A few weeks ago, I attended a discussion about ethics and oil spills at the Offshore Technology Conference. I was critical of the presentation by W.C. “Rusty” Riese, a geoscientist and adjunct professor at Rice University, for directing much of the criticism over the Gulf oil spill outwardly at the media, lawmakers and regulators. After [...]
May 16, 2012
Chesapeake’s employees may be hit hardest by stock’s plunge
Thousands of the embattled natural gas company's employees have their retirement tied up in Chesapeake stock.
Chesapeake’s employee may be hit hardest by stock’s plunge
Thousands of the embattled natural gas company's employees have their retirement tied up in Chesapeake stock.
