The! Biggest! News! of! the! Day! – Not Citigroup, Nokia, Apple, Amazon.com, Netflix, or Buffett

Here are some of the contenders for today’s biggest…news…of…the…day…  A report that says Citigroup (C) and HSBC Holdings (HBC) may sell assets…A look into the reorganization at Nokia (NOK)…Speculation on what Jeffrey Bewkes may do to Time Warner (TWX) when he takes over…A report that says Warren Buffett is launching “a bond insurer to take U.S. local-government business away from companies including MBIA Inc…(Read More)

The! Biggest! News! of! the! Day! – Not Apple, Citigroup, Wal-Mart or Durable Goods

Here are some of the contenders for today’s biggest…news…of…the…day…  Concerns that Citigroup (C) will be forced to slash its dividend by as much as 40%…A deal that would allow people to rent 20th Century Fox movies over Apple’s (AAPL) iTunes…A “gift card glitch” at Wal-Mart (WMT)…A look into recessions and their impact, or lack thereof, on investing…Data on durable goods orders…A record year for convertible bond sales…While those are all stories worth watching, I think it is obviously clear that the biggest story is this – Kyrgyzstan touted as ideal delivery hub for Santa…according to the article, “the tiny ex-Soviet state of Kyrgyzstan has declared itself the new home of Santa Claus” after a Swedish engineering firm determined it was “the ideal spot for Santa’s global toy delivery hub”…the study said Santa Claus “can eliminate time-consuming detours and avoid subjecting his reindeer to undue strain” by relocating from the North Pole…I am not sure what is worse, that a country is trying to “kidnap” Santa or that someone actually did a study on his efficiency…(Read More)