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Beacon Equity Research
Cuban Missile Crisis, the Sequel; $3000 Gold Possible - Beacon Equity Research
In the essay, Clark cites an anonymous source who told him the NY Fed (through the Treasury ESF) ultimately dictates foreign policy via the US dollar, and that any threat to the artificial support of the dollar must illicit an immediate response at the ...
Eastman Kodak May File for Bankruptcy (EK) - Beacon Equity Research
According to people familiar with the matter, Eastman Kodak is already talking to banks about some $1 billion in financing to keep it afloat during the bankruptcy process. A spokesman for Kodak declined to comment on the issue. ...
Alpha Natural Resources Agrees to Pay $200 Million over Mine Explosion (ANR) - Beacon Equity Research
According to people familiar with the matter, MSHA is expected to issue around 360 safety citations. The $200 million settlement will also go toward compensation to the families of miners, who were killed at Upper Big Branch. ...
Citigroup to Slash More Jobs (C) - Beacon Equity Research
The Journal, citing people familiar with the matter, reported that the New York City-based bank has already informed some employees, who will lose their jobs in the next few months. Citi is planning to slash around 900 jobs in its securities and ...
HP Reconsidering Plans to Spin Off PC Unit - Beacon Equity Research
HP's newly appointed CEO, Meg Whitman is currently crunching the numbers of the proposed spin off, people familiar with the matter said. The Journal, citing some of the people, said that Whitman and the company's Board of Directors are yet to make any ...
Bank of America Trims Industrial Banking Group (BAC) - Beacon Equity Research
The lay-offs included David Iwan and Egan Antill, who were the managing directors of the industrial group, the people familiar with the matter said. The cuts in the industrials group amount to 5% of workforce in the group, according to one person ...
General Motors Reaches a Four-Year Deal with United Auto Workers (GM) - Beacon Equity Research
The persons, who did not wish to be identified, also said that the new four-year contract includes $5000 signing bonuses and the possibility of sweeter profit-sharing checks. They also said that the deal includes $2-$3-per-hour pay rise for entry level ...
BoA Keeps Bankruptcy Option Open for Countrywide - Beacon Equity Research
The people unveiling the plans of the bank refused to be identified since the plans are still private. The bankruptcy option will be used as a leverage by the Chief Executive Officer of Bank of America, Brian T. Moynihan, in the case that plaintiffs ...
Sprint to offer Apple iPhone5 - Beacon Equity Research
The plans were reported by a person familiar with the ongoing talks, who refused to be named since the talks are still private. If the buzz is true, Sprint will become the only operator in United States to offer the device with an unlimited data plan ...
Somethin' to Talk about; Sprint in Cahoots with Apple - Beacon Equity Research
Bloomberg, citing people familiar with the matter, said that Sprint is discussing investments with the cable companies and under one scenario it would use the funding from the cable companies to buy equity in Clearwire it does not already own. ...
Pink Sheet Focus: Blockbuster Days away from Chapter 11 Bankruptcy; Icahn's ... - Beacon Equity Research
Company counsel and creditors completed the bulk of Blockbuster's restructuring plan late Tuesday, sources said. The plan includes maintaining a select ...