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Claymore Sector Rotation ETF: Out of shape

Tue, 18 Mar 2008 23:16:04 GMT

I own the Claymore/Zacks Sector Rotation ETF. I bought it because the concept of rotating in and out of sectors determined by professionals running an index that was respected as a part of my portfolio was appealing. Looking at their current portfolio and[More...]

Thursday Morning - Oct 4 2007 11:54AM

Thu, 04 Oct 2007 15:48:51 GMT

I don’t mean to pick on CNBC but every day they seem to come up with something dumber.Today they are running clips of Gordon Gekko telling Charlie Sheen that fund managers can’t beat the S&P 500 because they are sheep, and sheep get slaughtered. While that is very true, these numbnuts use it as the lead-in to tell you to watch their analysts’ picks of the day! Do they even understand the clips they are showing you? There is no worse a group of sheep on the planet than the flock who follow these ridiculous analyst picks. I’m not saying there are no[More...]

Paperstand (DADE, DCX, CFC, HD, MAR)

Wed, 25 Jul 2007 08:16:42 GMT

According to the WSJ, Dade Behring (DADE) has been sounding out potential buyers of the co and could be close to striking a deal. A number of strategic buyers are possible for the co. One co that is a likely candidate is Siemens (SI). The situation remains fluid and could well fall apart. Dade is scheduled to report 2Q results today.According to the WSJ, Chrysler's (DCX) attempt to tap debt mkts for $20bn hit a critical juncture as bankers began discussing the likelihood that they will have to step up with a large part of the money because investor demand hasn't been strong enough. The financing is being watched closely in Detroit because the Big Three and a horde of auto-parts suppliers have depended on tapping debt mkts for low-interest loans and bonds in a wave of restructuring and asset sales. "Low interest rates and plentiful capital a[More...]

New Head of Water, Sewer Takes Oath: Debate Over Assessment Rules Based on Frontage is Focus of Panel's First Meeting

Tue, 15 Sep 2009 10:47:00 GMT

Sep. 15--David Neill, a three-year veteran on the City-County Utility Commission, took the oath of office yesterday to become the new chairman of the group that oversees water, sewer and solid waste activities in the county.
Neill replaced Pat Swann, who retired from the commission on July 13 after long involvement in the water and sewer affairs of the city and county.
"I was at the first utility commission meeting in 1976," Swann told the panel yesterday as he received a resolution and a plaque honoring his service.

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Luxury Car Dealerships Shifting Forward, but It's Slow-Going

Sat, 05 Sep 2009 22:50:00 GMT

Sep. 5--As the economy crumbled last year, Park Place Dealerships took an uncharacteristic step back.
But after months of lower new-vehicle sales, Park Place and other area luxury dealerships see signs that the lofty segment -- once thought to be recession-proof -- is stirring again.
Although area luxury car sales remain down 15 percent to 30 percent depending on the brand, many dealers say business has slowly improved.

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Manatee Firm Signs Deal With Taiwanese Manufacturer

Tue, 01 Sep 2009 08:06:00 GMT

Sep. 1--MANATEE -- A southern Manatee County design firm is partnering with a Taiwanese company to develop a new line of folding electric bicycles.
The deal between Robrady Inc., 1040 Commerce Blvd. N., and DK City Corp. closed last week after negotiations began in February, according to a news release issued Saturday.
"With Robrady's fantastic design ability and our production capability as well as our established sales network, success is just around the corner," said Hans Huang, DK City's president, in a statement.

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Satisfaction With U.S. Cars at All-Time High

Tue, 18 Aug 2009 17:09:00 GMT

Aug. 18--Consumer satisfaction with domestic automobiles is at an all-time high, and now equals satisfaction levels for Japanese products, according to the latest check by a University of Michigan group.
The American Customer Satisfaction Index, based on a survey in April, May and June nationwide of about 10,000 respondents, checks in on the automobile industry in the second quarter of each year.
Meanwhile, Cadillac, along with Lexus, led the industry in customer satisfaction with a high score of 89, with Cadillac gaining almost 5 percent and Lexus gaining 2 percent.

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Apple Tops PC Industry in Consumer Satisfaction

Tue, 18 Aug 2009 13:57:00 GMT

Aug. 18--When it comes to feeling the love from consumers, Apple remains atop the PC heap, while Detroit is pleasing more customers with its cars, according to the American Customer Satisfaction Index, which is being released today.
Hewlett-Packard inched up 1 percent and its Compaq division jumped 6 percent.
Overall consumer sentiment of the PC industry nudged up 1 percent after two years of declines, which had been attributed to user problems with the Windows Vista operating system.

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Vegetable Oil Fuels 9,000 Mile Road Trip

Mon, 03 Aug 2009 15:52:00 GMT

Aug. 3--Vegetable oil might be a common necessity in the kitchen, but for Jason Barnes of Richland and his two friends, it was an essential ingredient for a summer road trip.
Barnes, 22, and his friends Joe Norskov, 23, of Fayetteville, Tenn., and Stephen Shankles, 23, of Knoxville, Tenn., spent the month of June driving more than 9,000 miles from Tennessee across the Midwest, into Washington, down Highway 101 to California, through the Grand Canyon and back to Tennessee.
And they did it in a 1983 300D turbo Mercedes Benz powered by vegetable oil.

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New Life for Southeast Newport News

Thu, 09 Jul 2009 15:47:00 GMT

Jul. 9--NEWPORT NEWS -- Jessie Walters remembers the simple pleasures Jefferson Avenue had for people in the southeast community more than 50 years ago.
Colorful and customer-luring storefronts along the avenue.
"This was nice scenery," said Walters, who was born and raised in southeast Newport News and now lives in the Section 8 housing complex Aqua Vista.

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Mitsubishi Corp., MMC, GS Yuasa Plan New Lithium-Ion Battery Plant

Wed, 24 Jun 2009 20:47:00 GMT

Jun. 24--TOKYO -- Mitsubishi Corp., a major trading house, Mitsubishi Motors Corp. and GS Yuasa Corp. will jointly build a new manufacturing plant for large-size lithium-ion batteries for use in electric vehicles, The Yomiuri Shimbun learned Wednesday.
Construction of the plant is expected to start as early as autumn with 2011 targeted for its operational startup.
The joint project, which calls for a total investment of more than ¥10 billion, comes in response to MMC's future plan to increase production of its electric vehicle, the i-MiEV, which will be launched in late July, industry sources said.

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Mitsubishi Spots Sales Lifeline in Store Roadshows

Wed, 24 Jun 2009 13:47:00 GMT

Jun. 24--Roadshows at department stores and hypermarkets were a bright spot for Mitsubishi Motors Thailand amid gloomy sales in the first five months of this year.
Takaaki Kishii, chief of Mitsubishi's marketing office in Thailand, said store roadshows conducted jointly with dealers received a better response than expected.
Sales through roadshows in March and April accounted for 7.8 percent of the 2,936 vehicles Mitsubishi sold in the period.

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Japanese Shareholders Lash Out at Executives Over Dismal Earnings

Mon, 22 Jun 2009 14:51:00 GMT

Jun. 22--TOKYO -- Shareholders lashed out Monday at executives of struggling Japanese companies like NEC Corp. and Mitsubishi Motors Corp. over their dismal financial performance as they sought explanations for what they claim was poor handling of the global economic downturn.
Dozens of major Japanese companies will also hold their annual shareholders meeting this week as a time when an increasing number of individual stockholders are seeking a bigger say in the management of company operations.
Sinking into the red for the business year that ended in March, both NEC and Mitsubishi Motors were unable to pay annual dividends for fiscal 2008 with sales and demand eroded by the global economic downturn and a stronger yen.

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Daimler Financial Services Americas Strengthens Commitment to Metro Detroit Community

Fri, 14 Dec 2007 18:37:00 GMT

Daimler Financial Services Americas, which is comprised of Mercedes-Benz Financial and Daimler Truck Financial, reinforced its commitment to the Southeast Michigan region today. In addition to keeping the company headquarters here as a result of the DaimlerChrysler de-merger, the company has already created new jobs and will be relocating other employees from a Chicago location to Farmington Hills.[More...]

Daimler Truck Financial Donates Sprinter Van to Quad County Urban League

Fri, 14 Dec 2007 09:55:00 GMT

In order to help Chicago-area disadvantaged and at-risk youth, Daimler Truck Financial donated a new Freightliner Sprinter Van to the Quad County Urban League of Aurora. The QCUL will use the van to transport students to after-school programs, job interviews, internships, GED classes and other events. Daimler Truck Financial has provided financial support to the QCUL since 2004.[More...]

Extraordinary Shareholders' Meeting to Decide on Renaming as Daimler AG

Thu, 04 Oct 2007 06:55:00 GMT

The Board of Management and the Supervisory Board of DaimlerChrysler AG will today recommend to the Extraordinary Shareholders' Meeting that the name of the Group be changed to Daimler AG following the disposal of 80.1% of its stake in Chrysler Holding LLC.[More...]

Repositioning in External Affairs and Public Policy NAFTA

Fri, 07 Sep 2007 13:22:00 GMT

Following the separation from Chrysler, DaimlerChrysler AG's External Affairs and Public Policy Department will also undergo a realignment with respect to NAFTA. Under the management of Robert G. Liberatore, who has had worldwide responsibility for the department since September 2003, Jake Jones assumed the company's newly formed office in Washington, D.C. on August 3. He will be responsible for External Affairs and Public Policy NAFTA and will cover contacts in the USA, Canada and Mexico. Jake Jones has been employed by the Company since 2000 and was previously responsible for Congressional Affairs in Washington, DC.[More...]