Before 24.. Financial News You Can Use..
In The News:
And in this corner…. On Monday in the court fight over who really has exclusive rights over Martha Stewart and her products. Front and center was Macy’s CEO Terry Lundgren expected to tell the Macy’s side of the story in court. At stake who really has the exclusive rights to sell certain Martha Stewart products. JC Penny claims they have the rights and were planning on opening mini Martha Stewart stores.Macy’s contenteds they have the exclusive rights given to them when they welcomed Martha into the Macy’s family in 2007. On side note Martha Stewart’s line at Macy’s increased sales 8% last year twice what Macy’s achieved as a company. hmmm I don’t think Martha should wait for an invite to appear in this years Macy’s Christmas commercials.
No more working from home.. Yahooer’s received official notification as of June 2013 they will no longer be permitted to work from home. Instead they will need to report to the office everyday. In the notification to employes Yahoo stated the reason for the new policy “To become the absolute best place to work, communication and collaboration will be important, so we need to be working side-by-side,” “That is why it is critical that we are all present in our offices.” In addition to causing a stir at Yahoo the policy has also angered mother’s groups. Just remember kids.. If Mama ain’t happy, nobody’s happy.
But Goldman was my dream job…. Goldman Sachs announced Monday it will begin it’s spring cleaning. While Goldman usually culls the undesirables by 5% this year the number may be a slight bit deeper and include jobs deeper into it’s core business like equity traders.
New kid on the block… HP re-entered the tablet market. Costing $169 and powered by Android it is seen as competition to both Google Nexus 7 and Kindle Fire.
Will you join me for dinner…. CME (Chicago mercantile Exchange) has reacted out to Deutsche Borse to gauge potential interest in a merger of the two firms. The CME is the world largest market for futures and options. AKA it is the place the helps dictates the price of your oj, gas and other staples. Deutshe Borse is the losing suitor in a bid in 2011 for the New York Stock Exchange.
Pass the Pasta, please it’s going to be a long night.. An Election meant to push Italy further down the path of solvency and strength the Euro Zone reputation has instead brought the country more gridlock. As on late Monday it appears the left-wing coalition led by Democratic Party’s Pier Luigi Bersani has a razor-thin majority in the lower house over the scandal Mr. Berlusconi. Hopefully, day light will bring resolution.
Danger Zone, No More.. foreign Investors and their monies are returning to Greece as fear of an euro zone exit receded. In a show of confidence for the country that brought us such treats feta cheese or foreign investors have pumped $143.8 million into the Greek stocks in the last six months.
In The Markets:
Europe: European market were down in their Monday trading as investors across the globe watched in disappointment at the results of the Italian elections.
US: US Markets tumbled on Monday as the political disappointment of the Italy elections sunk in. Stocks started out the trading session optimistic but fizzled fast as spooked investors locked in on Italy and Japan. Japan will announce this week the long-awaited name of the next BOJ governor.DJIA: -216.40 13784.17 S&P 500: -27.75 1487.85 NASDAQ: -45.87 3116.25
In Diner or Drink..
We choose Diner. In celebration of investors flocking back into Greece we are stirring up a batch of : Spanakopita- Greek Spinach Pie
What you will need:
- 1 pkg Phyllo pastry
- Melted butter or olive oil (to brush on the phyllo)
For the Filling:
2 lbs fresh spinach, washed, trimmed, and roughly chopped
8 green onions, including green stems, finely chopped
4 tbsp finely chopped fresh dill
12 ounces feta cheese, crumbled
2 eggs, beaten
Freshly ground black pepper
1 tbsp Olive oil
To prepare the filling:
Blanch the spinach in boiling water, drain thoroughly, remove to a bowl and allow to cool. Add all the other ingredients and combine well.
To assemble the pie:
Preheat the oven to 350F, Unwrap the phyllo pastry on a flat surface and cover with a damp tea towel. Lightly oil a 12-inch square baking dish. Place half the Phylo sheets in the bottom of the dish, brushing each sheet with the melted butter as it is added. Add all the filling and then spread the remaining Phylo sheets on top, brushing each one with the melted butter. Sprinkle a little water on top to prevent the Phylo from burning. Bake for 40 to 45 minutes or until the top is golden brown. Eat either hot or cold.
Serves 6 to 8