NEW YORK (TheStreet) — President Obama spoke with both German Chancellor Angela Merkel and Italian Prime Minister Mario Monti about economic conditions in Europe on Wednesday.
The White House sent an email confirming the two separate conversations took place. “The leaders agreed on the importance of steps to strengthen the resilience of the Eurozone and growth in Europe and globally,” the email said.
Read more from the original source: Obama Talks Euro Troubles With Merkel, Monti
Marek Fuchs, senior contributing analyst at TheStreet, turns sour ball on Alcoa.
Link: Sell Alcoa!: Against the Grain
NEW YORK (TheStreet) — Barack Obama’s campaign may want to take a look in the mirror after its latest Web video targeting Republican presidential candidate Mitt Romney.
The video, which Obama’s campaign released Thursday, casts Romney’s record in Massachusetts as a list of broken promises.
Read the original: Obama Inadvertently Attacking Himself?
NEW YORK (TheStreet) — The discovery of sophisticated new malware, dubbed “Flame” has made headlines around the world in the last few days, again raising the frightening prospect of cyber warfare. At least one security expert, however, says that at this stage the Flame threat is overblown.
“I feel like there’s a lot of hype about it at the moment,” Graham Cluley, senior technology consultant at antivirus specialist Sophos, told TheStreet. “The numbers don’t add up — there’s only a small number of computers that seem to be impacted.” The newly-discovered Flame malware has grabbed global attention.
Cluley adds that Flame has not even singed Sophos’s 100 million customers. …
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Continued here: Flame Cyber Attack Overblown: Expert
NEW YORK (TheStreet) — A Forrester Research analyst made news on Thursday for saying something I have been writing about for months regarding Apple’s forthcoming iTV or whatever the heck it’s going to be.
Frankly, without the ability to access Steve Jobs, I am not sure Tim Cook even knows what it’s going to be.
Here’s what Forrester’s James McQuivey had to say on his blog : Let’s be clear what the company is up against in its long-rumored interest in the TV business. The reason it has failed with the Apple TV so far is not that it hasn’t tried. It’s that the TV business is a tough nut to crack: Content is still controlled by monopolists unlikely to give Apple the keys to their content archives. And simply introducing a new display on which to watch that content as it is currently delivered by existing distributors won’t offer consumers much that’s new. …
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Read the rest here: Why Apple’s iTV (or Whatever It Will Be) Will Fail
NEW YORK (TheStreet) — U.S. jobless claims for the week ended May 19 fell 2,000 to 370,000. …
Read the original post: U.S. Jobless Claims Fall 2,000 to 370,000
NEW YORK (TheStreet) — Durable goods orders for April rose 0.2%, according to the Commerce Department.
See the rest here: Durable-Goods Orders in April Rise 0.2%
NEW YORK (TheStreet) — CHANGE IN RATINGS
Arch Coal was upgraded at Goldman Sachs from Sell. Valuation call, based on an $8 price target, Goldman said.
Assured Guaranty was upgraded at UBS to Buy from Neutral. $18 price target. Favorable risk/reward, UBS said. …
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Original post: Analysts’ Actions: ARO, DUK, PPG
The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.
By Frank Holmes
NEW YORK (TheStreet) — Facebook’s highly anticipated initial public offering helped the company raise $16 billion, a record for tech IPOs. It’s refreshing to see investor excitement rally around the stock, as the U.S. needs innovative businesses to thrive and attract capital. However, as behavioral finance warns, be cautious of a herd mentality….
See the original post: Gold: The World’s Friend for 5,000 Years
CHARLOTTE, N.C. (TheStreet) — Delta and US Airways are both trying innovative strategies for dealing with rising fuel prices.
The former bought an oil refinery, while the latter eschews the common airline industry practice of hedging fuel.
On Monday, US Airways shares closed at $10.71 after rising 6.5%, leading the airline industry. Shares have risen 105% this year, primarily on merger chatter, but appeared to gain Monday as a result of the unique approach to hedging. …
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Originally posted here: How Delta and US Airways Fight High Fuel Prices