British Bookmakers Presidential Election
While betting on the Presidential election is prohibited in the USA, across
the pond, British bookmakers are accepting bets on the outcome of individual
states by each candidate, on the number of Electoral College votes the winning
candidate will rake in and even on the possibility of an Electoral College tie.
Ladbrokes is offering a 100-to-1 payout on an election outcome in which
President Obama wins with 410-plus Electoral College votes, out of a possible
538. Betting on an Electoral College tie offers a lucrative payout of 50-to-1. A
standard bet on the election - Ladbrokes has Obama as the 1-to-5 favorite and
Romney at 7-to-2. Another major British bookmaker William Hill, has Obama at
1-to-6 and Romney at 4-to-1 and offers a different payout on Romney in Montana
1-to-33. Ladbrokes reportedly expects to take in more than $1.5 million in
Presidential wagers this year.
Candidates for the U.S. Presidency both have the finish line in site, as
Americans take to the polls today to cast their votes. Many voters across the
country already took advantage of early voting or by absentee voting, with many
votes already in. Reports from polls in key states maintain a close race for the
position of Commander in Chief indicating, a long night ahead of counting votes.
Reports from around the country indicate a high voter turnout. The ongoing
battle for the White House between President Barrack Obama and former
Massachusetts Governor Mitt Romney has been punctuated by debates over job
growth, taxes and energy production. The battle entailed such things as
President Obama's' remark of “you didn’t build that” to Romney's comment
unknowingly caught on tape comment which suggested 47% of the population rely on
Recent reports per SEC filings indicate top executives and directors at Facebook
(FB) are cashing in on the shares of the social phenom. Names from the list on
the SEC website include: David A. Ebersman, CFO; Sheryl K Sandberg, COO,
director; Theodore Warren Ullyot, VP, General Counsel, board sec; Michael Todd
Schroepfer, VP of Engineering; David Spillane, Chief Accounting Officer; David
B. Fischer, VP Marketing; James Breyer, director, VC investor. Could this mean
people at the top know something that is not being shared with average Joe
Office Depot Inc. (ODP) on Tuesday reported a Q3 loss of $69.6 million or 25
cents a share, from a profit of $91.7 million or 28 cents a share in same period
of 2011. Shares ended the session higher by 19%. Excluding restructuring and
impairment charges, adjusted earnings after preferred stock dividends would have
been 6 cents a share. Reported sales fell 5% to $2.69 billion from $2.84
The U.S. Labor Department reported Tuesday that job openings at U.S. workplaces
ticked down to 3.56 million in September from 3.66 million in August. Compared
with 2011, job openings rose 2% with private job openings rising by 3% to 3.19
million and government job openings falling 8% to 368,000. There were more than
4 million jobs open when the recession began in December 2007. With nearly 12.09
million unemployed people during September, there were about 3.4 potential job
seekers for each job opening with data unchanged from August. During September
2011, there were nearly 13.9 million unemployed people with about four potential
job seekers per job opening. The number of separations, such as quits and
layoffs, fell to 4.02 million in September from 4.36 million in August. The
total number of hires decreased to 4.19 million from 4.44 million.
Zillow Inc. (Z) shares ended the trading session on Tuesday, down 18% as
investors reacted negatively to the lackluster outlook for Q4. Late Monday, the
company reported record profit and revenue for Q3. However, management forecast
that earnings before income taxes, depreciation and amortization on an adjusted
basis for Q4 would fall and that revenue would ease slightly, both on a
Fossil Inc. (FOSL) reported a profit of $76.8 million or $1.26 a share, up from
$69.6 million or $1.09 a share in 2011. Excluding acquisition costs and other
items, per-share earnings were $1.28. Fossil reported and increase in sales by
6.4% to $684.2 million. The company raised its full-year adjusted earnings
estimate to $5.42 to $5.45 a share from August forecast of $5.29 to $5.34. Total
wholesale sales moved higher by 3.5% to $515.1 million. North America wholesale
sales moved higher by 5.9% while Europe wholesale sales rose by 0.4%.Same-store
sales rose 1.8% and direct-to-customer revenue increased 16% to $169.1 million.
Fossil shares ended the session on Tuesday, down 10%.
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Nov 6, 2012