reuters

After Settling Fears About Liquidity, Sears Skyrockets

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Looks like a lot of shorts are feeling the burn of a squeeze this morning as SHLD is up over 20% intraday.  Reuters reported that Sears Holdings still has “substantial liquidity and strong assets” despite their obvious need to improve their operating performance and location strategy.  However the retail chain is expected to generate $270 million in assets from real estate deals and another $400 to $500 million from rights offerings. From Reuters: “The rights will entitle stockholders to purchase shares in the combined Sears Hometown and Outlet Stores businesses and certain hardware stores and will be transferred to holders … Read more

Brain Study Finds What Eases Pain Of Financial Loss

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Most traders and investors, even on a professional level, can remember every single big loss they have incurred compared to only a few of their big wins.  Here’s an interesting look into the chemical effect of losing money on the brain.  The whole article can be viewed from the link below. From Reuters: “The experiment showed that a neurotransmitter, or chemical messenger, called norepinephrine, or noradrenaline, is central to the response to losing money.  Those with low levels of norepinephrine transporters had higher levels of the chemical in a crucial part of their brain – leading them to be less … Read more

Facebook Under Fire as it Approaches IPO

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I’m sick of Facebook.  The name makes me cringe every time the talking heads on CNBC spout out the same regurgitated facts; all too reminiscent of Armani  clad penguins feeding vast fields of their young.  Regardless, here’s some news that might  get a smile out of your spiteful inner self: lawsuits against the social media giant are rapidly piling up as we near the initial public offering.  No, the company didn’t decided to go on one last rampant crime spree just before going public.  It’s the scent of money in the air that drives the shoals of patent lawyers into … Read more

The Mafia Is Now “‘s Largest Bank”| ZeroHedge

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The Mafia Is Now “Italy’s Largest Bank” Whoever says there are no winners in the European banking crisis apparently has never woken up with a horse’s head in their bed. According to a new report by Italian anti-crime group SOS Impresa, as reported by Reuters, “Organised crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country’s biggest “bank” and squeezing the life out of thousands of small firms, according to a report on Tuesday.” You mean kinda like Intesa credit cards demanding a 39.95% APR: we knew we had seen that “life … Read more