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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (27082)4/7/2005 2:51:35 PM
From: mishedlo  Respond to of 116555
 
Technology companies will take the biggest hit when a new accounting rule kicks in requiring public companies to show how stock options they provide to employees affect net income.

The practice, required to begin showing up in quarterly results filed after June 15, is expected to reduce by 20%, on average, 2005 net income for the 80 technology companies in the Standard & Poor's 500 Index, said S&P.

IBM plans to restate prior financial results to include the impact of stock-based pay expenses.

Message 21207439



To: Knighty Tin who wrote (27082)4/7/2005 2:55:29 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Fed´s Santomero says Fed not behind the curve
Thursday, April 7, 2005 6:24:04 PM
afxpress.com

Fed's Santomero says Fed not behind the curve WASHINGTON (AFX) -- The gradual pace of Fed tightening has not left the Fed behind the curve on inflation, said Anthony Santomero, president of the Philadelphia Federal Reserve Bank. Speaking to reporters after a speech on Thursday, Santomero said the Fed has to be vigilant against inflation as the U.S. economy moves into the fourth year of its expansion, but it is too early to say that inflationary risks have clearly shifted to the upside. The U.S. labor market is improving at a moderate pace. The spike in oil prices has slowed consumer spending, but has not altered his view for robust economic growth in 2005.



To: Knighty Tin who wrote (27082)4/7/2005 3:26:28 PM
From: mishedlo  Respond to of 116555
 
US Feb. consumer credit rises $5.5 billion
Thursday, April 7, 2005 7:15:22 PM
afxpress.com

WASHINGTON (AFX) -- U.S. consumer credit rose 3.1%, or $5.5 billion in February, the Federal Reserve reported Thursday. The increase in consumer credit in January, meanwhile, was revised up slightly to $11.7 billion, the Fed said. Credit card debt increased 6.1% in February, while nonrevolving credit, such as auto loans, increased 1.3%. The data do not include home mortgages