Marketplace for Wednesday, January 15, 2014
Bank earnings look good, and big banks’ shares are doing well in the markets today. But for some years now, a significant contributor to earnings is simply the release of loss reserves set aside during the Bad Days. When accounting affects earnings so greatly, what’s the value of these earnings reports? Next, the conservative Koch brothers have been spending money for fall campaigns already. They're targeting vulnerable Congressional Democrats who supported the ACA. But most campaigns say a dollar spent this early is a dollar spent unwisely. And finally,Viacom’s new My Nickelodeon Jr. takes personalized TV to the younger set – well, to their parents. Parents can program the TV their kids will watch – sounds a bit like Netflix.