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British Bookmakers Presidential Election Stakes
British Bookmakers Presidential Election Stakes

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 the government.

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 investor?

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 billion.

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 sequential basis.

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


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