Good, Bad, and Ugly

Very unfortunate typo

Thai bourse halts Sri Trang before S’pore IPO news

BANGKOK Jan 24 (Reuters) – The Thai Stock Exchange said it had suspended trading in Sri Trang Agro-Industry Pcl STA.BK on Monday ahead of an announcement on the pricing of its Singapore initial pubic offering (IPO) later in the day.

In your article I believe you meant public offering, NOT pubic!

Maverick

Palin’s opinion…

Palin tells Bernanke ‘cease and desist’-report

WASHINGTON, Nov 8 (Reuters) – Tea Party favorite Sarah Palin on Monday weighed in on the global debate over the Federal Reserve’s $600 billion plan to buy up government debt, suggesting Fed Chairman Ben Bernanke should “cease and desist.”

Why would Reuters, a fist class news reporting organization, run an article featuring Sarah Palin’s opinion about this?

Though some political persons may enjoy her time in the headlines, I hardly believe that most Americans really care what she believes when economic methods are the topic…Reuters is not Wonder Wall… right?

I’ll have a nice big stake, please…

Microsoft’s Ballmer sells 12 percent stake in company

SEATTLE (Reuters) – Microsoft Corp Chief Executive Steve Ballmer sold $1.3 billion worth of shares in the company, cutting his stake by about 12 percent, but said his first stock sale in seven years should not be taken as a lack of confidence in the world’s largest software firm.

Your headline says Ballmer sold a “12 percent stake in Microsoft,” which would mean he sold 12 percent of the company’s stock.

In fact, as your story itself explains, he sold 12 percent of his own holdings of Microsoft stock — a substantially smaller, though still really big, amount.

Airline agreement…

DEALTALK-Rival mergers put new pressure on American Airlines

JetBlue Airways and Alaska Airlines also could be good fits for American Airlines and might be on its M&A radar, analysts and bankers have said.

American entered a code-share agreement with JetBlue this year allowing passengers to connect with one ticket to American’s international flights from New York and Boston.

Legume it may concern…

Special report: BRIC breaking: Brazil’s China syndrome

What accounts for their vastly different fortunes? China. Its demand for commodities like soy is nearly insatiable. In recent years, China has steadily ramped up its imports of the grain.

Not a question, a correction. I think  you’ll find that soy is not a grain, but a legume.

Harry J.

The wrong COO?

CORRECTED – Baird continues sweep of Morgan Stanley talent

(In 6th paragraph, corrects to show that Kovics came from Prudential, not Morgan Stanley)

NEW YORK, Aug 24 (Reuters) – Baird Private Wealth Management said on Tuesday it hired eight advisers and a branch manager from Morgan Stanley Smith Barney to establish new offices in Charleston, South Carolina, and Fort Worth, Texas.

Reporting rumors?

Goldman shares rise on false SEC settlement rumor

NEW YORK (Reuters) – Goldman Sachs Group Inc shares rose as much as 5.4 percent on Friday on rumors of a possible settlement with regulators and a feeling that the stock could be oversold.

The shares were up 3.5 percent at $140.80 in afternoon trading on the New York Stock Exchange, off an earlier high at $143.44. Goldman’s share rise came as bank stocks reversed losses and rose shortly after the open.

Goldman shares were further helped by a broader rally that sent the KBW Banks index up 2.6 percent. Goldman’s rival Morgan Stanley was also up, gaining 4.84 percent.

More or less…

Nasdaq adds 12 stocks to list of canceled trades

Nasdaq is canceling all trades made between 2:40 p.m. EDT and 3 p.m. EDT on Thursday that deviated more or less than 60 percent away from the consolidated last print in that security at 2:40 p.m. or just before.

Maybe I’m reading it wrong, but where it says “that deviated more or less than 60 percent away ..” .. That means any movement that is not 60% exactly. So virtually ALL trades.

I believe that’s supposed to read to mean “any stock that moved more than 60% above or below ..” ..

The wrong sex…

Buffett worried on inflation, Greek ‘high drama’

French Economy Minister Christine Lagarde earlier Saturday said he was expecting an aid package of around 100-120 billion euros ($133-$160 billion), and had “good hopes” an agreement could be reached by the end of this weekend.

He? I believe Christine Lagarde is a woman. You may want to correct that.

Careful Reader

Million vs. billion, again…

LAGUNA NIGUEL, California (Reuters) – Oil major BP Plc  plans to invest more than $1 billion (650 million pounds) this year on alternative energy development, the head of BP’s alternative energy unit said on Tuesday.

BP is not investing £650 BILLION plus – the article clearly states £650 MILLION (or ONE BILLION dollars)

OOOPS!

Nick