BP Settlement

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BP settled claims with Gulf residents over the 2010 oil spill for $7.8B this weekend.  The WSJ is reporting that this settlement plus others yet to come with the justice department puts the final cost to BP likely somewhere in … Continued

Apple is a Luxury Brand

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The people over at Bundle.com have apparently done a survey of 700,000 Mac and PC users to cross reference what the computer that one uses says about where he or she shops for clothes.  The results weren’t particularly surprising: Mac … Continued

Banking System Asset Quality

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The FDIC released its quarterly report on the banking system earlier this week.  It showed that the banking system has healed substantially from an asset quality standpoint.  The major exception are real estate loans, which are still ~6% non-current.  Until these … Continued

Durable Goods Orders Ex-Transports

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The Durable Goods Orders numbers reported this morning were pretty poor, -3.2% excluding transportation companies.  The data is still in an uptrend though, and is only back to where it was in September of last year.  That said, Durable Goods … Continued

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