BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Did 'Termintaor Salvation' need Arnold Schwarzenegger?]]>http://www.bloggingstocks.com/2009/05/25/did-termintaor-salvation-need-arnold-schwarzenegger/http://www.bloggingstocks.com/2009/05/25/did-termintaor-salvation-need-arnold-schwarzenegger/http://www.bloggingstocks.com/2009/05/25/did-termintaor-salvation-need-arnold-schwarzenegger/#commentsFiled under: , , , , ,

It was a busy weekend at the box office. The Memorial Day holiday period is a time when studios try to set a good financial tone for their summer slates.

And it looks like News Corp. (NASDAQ: NWS) is the winner. The media company's Night at the Museum: Battle of the Smithsonian project, starring Ben Stiller, grossed an estimated $53 million at domestic multiplexes over the past three days according to Boxofficemojo. That was a good performance. The first Night at the Museum took in $30 million in its first three days of release back in Christmas 2006.

I was surprised that News Corp. came out on top. Did anyone out there think that Terminator Salvation, from Time Warner (NYSE: TWX), wouldn't be number one?

Continue reading Did 'Termintaor Salvation' need Arnold Schwarzenegger?

Did 'Termintaor Salvation' need Arnold Schwarzenegger? originally appeared on BloggingStocks on Mon, 25 May 2009 09:00:00 EST. Please see our terms for use of feeds.

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Former eBay Inc. (NASDAQ: EBAY) Chief Executive Meg Whitman reportedly is quitting the board of the online auctioneer along with Procter & Gamble Co. (NYSE: PG), and Dreamworks Animation SKG Inc. (NYSE: DWA) to run for governor of California.

The news -- first reported by the Wall Street Journal -- should not warm the hearts of Californians. Under Whitman, eBay morphed from one of the leaders on the information superhighway to roadkill left on the side of the road. The company's high growth days are behind it.

Since leaving eBay last year, she has immersed herself in Republican politics, backing the campaigns of her old friend Mitt Romney and John McCain. Interestingly, her contemporary Carly Fiorina, ex head of Hewlett-Packard Co. (NASDAQ: HPQ), also backed the GOP.

Should Whitman take the plunge, the odds are against her. For one thing, no one outside of stock geeks and disgruntled eBay sellers knows her name. Of course, several million dollars worth of television advertising will take care of that.

California's problems are enormous. The state, which has been hit especially hard by the subprime mortgage crisis, faces a $42 billion budget deficit. State officials are threatening to pay their bills with IOUS. It's a situation that is trying the superhuman strength of the governator Arnold Schwarzenegger.

What makes Whitman believe she can do better?

Will Meg Whitman do to California what she did to eBay? originally appeared on BloggingStocks on Mon, 05 Jan 2009 16:45:00 EST. Please see our terms for use of feeds.

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This post is part of our feature on Money Winners of 2008. See all 20.

Johnny Depp is one quirky thespian. Whether he's playing a Gothic mutant with scissors for hands, a sadistic throat-slitting barber, or one wacked-out pirate who sounds a lot like a drunken guitarist from one of the greatest rock 'n roll bands of all time, Depp works overtime to extract as much weirdness from a part as he conceivably can so he can present a compelling performance to paying audiences at the local multiplex. And he gets paid pretty well for his services.

In fact, he's set to earn multiple millions of dollars to appear in a fourth Pirates of the Caribbean movie. That's right, if you thought Disney (NYSE: DIS) was thinking of stopping at the third one (like maybe it should), then you turned out to be wrong. It's difficult to say exactly how much Depp will make from the next Pirates adventure. The Movie Blog claims that the number is as high as $75 million. I've read other reports that confirm this figure, but I've also read speculation that the value relates more to the potential of his earnings power in terms of gross participation, merchandise, etc. In other words, it might be reasonable to assume that Depp will earn as high as $75 million if Pirates 4 is a huge box-office hit on the level of its predecessors. He may, however, receive a lesser amount upfront. I believe the latter to most likely be the case based on the way Hollywood works. We unfortunately will never know the specific details because the SEC does not require public media companies to report talent compensation (in my opinion, they should). No matter what, though, he'll be grossing a lot of bucks when he returns as Captain Jack Sparrow.

Continue reading Money winners of 2008: Johnny Depp, once and future pirate captain

Money winners of 2008: Johnny Depp, once and future pirate captain originally appeared on BloggingStocks on Sat, 13 Dec 2008 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>arnold schwarzeneggerbox officeChristian BaleDISDisneyfeaturedhollywoodjames cameronJohnny DeppMoney Winners 2008News Corp.NWSpirates of the caribbeanSNESonyterminator salvationTime WarnerTimeWarnerTWXVIAViacomSat, 13 Dec 2008 12:40:00 EST<![CDATA[Another credit market ray of light: California ups bond sale to $4.5 billion]]>http://www.bloggingstocks.com/2008/10/16/another-credit-market-ray-of-light-california-ups-bond-sale-to/http://www.bloggingstocks.com/2008/10/16/another-credit-market-ray-of-light-california-ups-bond-sale-to/http://www.bloggingstocks.com/2008/10/16/another-credit-market-ray-of-light-california-ups-bond-sale-to/#commentsFiled under: , ,

It's a market and an economy that's offering few bright spots, so you take them where you can get them.

One bright spot occurred late Wednesday in the credit markets. California increased the amount of bonds/short-term notes the state had planned to sell to avoid a cash shortage, after bond demand proved to be solid, Bloomberg News reported Thursday.

California State Treasurer Bill Lockyer said he's increasing the note sale by $500 million to $4.5 billion while also lowering the yield range, or interest rate, to a maximum of 4.25%, Bloomberg News reported.

'I wish they all could be California...bonds'

California is the largest borrower in the municipal bond market and no small barometer of lending and economic activity. If ranked as a country, California would have the ninth largest economy in the world as ranked by GDP.

Economist David H. Wang told BloggingStocks Thursday the solid demand for California's bonds should be viewed as incremental progress in public officials' efforts to unfreeze credit markets.

Continue reading Another credit market ray of light: California ups bond sale to $4.5 billion

Another credit market ray of light: California ups bond sale to $4.5 billion originally appeared on BloggingStocks on Thu, 16 Oct 2008 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>arnold schwarzeneggerbond marketbondsCaliforniacredit marketsinterest ratesInterestRatesinthenewsmunicipal bondsSchwarzeneggerState of CaliforniaThu, 16 Oct 2008 17:00:00 EST<![CDATA[California says it may need $7 billion loan from U.S. Treasury]]>http://www.bloggingstocks.com/2008/10/03/california-says-it-may-need-7-billion-loan-from-u-s-treasury/http://www.bloggingstocks.com/2008/10/03/california-says-it-may-need-7-billion-loan-from-u-s-treasury/http://www.bloggingstocks.com/2008/10/03/california-says-it-may-need-7-billion-loan-from-u-s-treasury/#commentsFiled under: , ,

California Gov. Arnold Schwarzenegger has sent a letter to U.S. Treasury Secretary Henry Paulson indicating that the state may need up to a $7 billion loan from the federal government within weeks, because the state is having increasing difficulty funding day-to-day operations and accessing short-term loans, The Los Angeles Times reported Friday.

California routinely accesses short-term loans to remain solvent, but the state, like corporations and other businesses / organizations, is having trouble accessing funds from the bond market due to the credit crunch, The Times reported.

Lay-offs could follow

If the state is unable to access cash, payments to schools and other government agencies could quickly be suspended and state employees could be laid off, The Times reported.

Economist David H. Wang, although qualifying his comments by adding that he has not yet reviewed California's credit profile and cash flow, said Gov. Schwarzenegger's letter is another sign that the "financial crisis is affecting organizations and governments large and small."

"Corporations are scaling back bond sales or seeking other funding sources, bond sales by state governments are being put off, and lines of credit are being renewed at higher interest rates. These are all signs of increased apprehension by banks and other lenders," Wang said. "The financial crisis is getting worse, and we need to put measures in place to address it."

Wang said the U.S. House of Representatives' passage of the rescue package is a necessary step toward that goal. The U.S. House is expected to vote on the rescue bill today, following approval in the U.S Senate Wednesday, 74-25. "The House vote will reduce anxiety in the credit markets. There's a saying that 'a financial crisis is 30% reality and 70% worrying about the other reality.' Well, the rescue bill will address that 'other reality.' "

Continue reading California says it may need $7 billion loan from U.S. Treasury

California says it may need $7 billion loan from U.S. Treasury originally appeared on BloggingStocks on Fri, 03 Oct 2008 13:16:00 EST. Please see our terms for use of feeds.

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