Category: Corporate News
The analysis published under this category are as follows.
Thursday, June 20, 2024
QI Group: Leading With Integrity and Impactful Initiatives / Companies / Corporate News
By: Sumeet_Manhas
There are many different ways to lead, in both life and business. Some philosophies are more effective than others and often the “right” way to lead is also the hard way, or the expensive way. Perhaps that is why we see hope when a large, multinational conglomerate operates with the dignity of a socially conscious entity and not the brutal coldness of overt capitalism. QI Group, through its philanthropic efforts, global partnerships, and sustainability efforts, is that company.
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Thursday, April 27, 2023
Three Reasons to Buy Shares in abrdn / Companies / Corporate News
By: Sumeet_Manhas
abrdn, the UK’s largest active asset manager, could be on the cusp of rewarding investors with substantial growth. The FTSE 100 firm’s share price has risen by 40% since October 2022, after a planned return of capital to investors helped reinstate the company’s market capitalisation to approximately $4 billion.
abrdn’s stock offers a 7.5% dividend yield, and many expect the yield to maintain or better this market-beating ratio. As such, the Edinburgh-based company is an attractive prospect to investors for the coming year.
Tuesday, October 26, 2021
Dave Antrobus Welcomes Caribou to Award-Winning Group Inc & Co / Companies / Corporate News
By: Sumeet_Manhas
The packet and parcel consolidator Caribou marks Inc & Co’s 15th acquisition.
Since technology specialist Dave Antrobus and entrepreneurial investor Jack Mason launched the award-winning business group Inc & Co in 2019, the collective has branched out in multiple directions. Despite COVID-19, Inc & Co has reached impressive growth milestones over the past two years and has now made its 15th acquisition. This time, Inc & Co is delighted to welcome the domestic and international multimodal logistics provider Caribou to the group.
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Tuesday, February 16, 2021
GAMESTOP MANIA BUBBLE BURSTS! Investing Newbs Pump and Dump Roller coaster Ride / Companies / Corporate News
By: Nadeem_Walayat
The GAMESTOP mania that had encouraged investing newbs to pile in and gamble on a penny stocks, sheep expertly led to the slaughter that look set to lose every penny they put on what are just classic short squeeze pump and dump operations. Well it did not take long for the GameStop bubble to burst. A CLASSIC SMALL CAP PUMP AND DUMP! Resulting in a roller coaster ride for investing newbs.
But we do tend to get mass hysteria towards market tops which is why it is important to keep an eye on valuations, YES our tech stock valuations have increased, roughly by about 30%, but that does not put them into bubble territory.
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Friday, January 22, 2021
Technology Minerals appoints ex-BP Petrochemicals CEO as Advisor / Companies / Corporate News
By: Submissions
The ex-CEO of BP’s global petrochemicals business will work with the UK’s first end-to-end battery recycling group
In continued efforts to secure a greener future in the battery metals industry, Technology Minerals is pleased to welcome Nick Elmslie as an
Advisor to the Board.
Elmslie has extensive experience in the chemicals industry. His financial expertise will offer a unique opinion to allow better decision making for Technology Minerals; a company determined to secure a greener future for the battery industry. This latest appointment will contribute towards a more sustainable future.
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Wednesday, December 16, 2020
WISA Stock Breaking Down the Summit Wirless Opportunity / Companies / Corporate News
By: Joshua_Rodriguez
Summit Wireless Technologies (NASDAQ: WISA) recently announced the publication of a new investor presentation. After diving into the presentation, I’ve found that the investment opportunity is only becoming more compelling.
Of course, when I see strong investing opportunities, I like to share them with you, my readers.
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Wednesday, August 05, 2020
Stock Investors What to do if Trump Bans TikTok / Companies / Corporate News
By: John_Mauldin
By Justin Spittler : It’s the hottest social media platform on the planet. It’s growing faster than Facebook (FB), Twitter (TWTR), and Instagram. And it could come crashing down any day now.
Of course, I’m talking about TikTok. You may have heard of TikTok. You may even have a teenager suddenly singing and dancing around the house because of it.
In short, TikTok is a video sharing app where users can create short dance, lip-sync, comedy, and talent videos.
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Monday, December 23, 2019
Tesco Caught Selling Slave Labour Christmas Cards, China Concentration Camps 2019 / Companies / Corporate News
By: N_Walayat
A 6 year old girl sending christmas cards to her school friends, was surprised to find one card already had a hand written message
"Forced to work against our will. Please help us and notify human rights organisation, contact Mr Peter Humphrey"
Tesco pretending not to know they had slave labour working for them, pulled the cards from the shelves, though virtually everyone who was going to buy christmas cards would have done so by then and given that they were being sold in the reduced to clear shelves just prior to the news story breaking.
This story just illustrates that China is a rising totalitarian power. Where whilst today several millions of Ugers and other minorities find themselves in Chinese slave labour concentration camps.
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Sunday, December 15, 2019
Raffaele Riva and AUREA Are Breaking New Ground in Financial Services Across Europe / Companies / Corporate News
By: Sumeet_Manhas
AUREA Multi Family Office is a company that offers international financial services, helping clients navigate various financial terrains such as pRivate investment, wealth and asset management, trusts, and estate planning. Under the leadership of renowned international businessman Raffaele Riva, AUREA tailors individual services for wealthy clients managing diverse assets.
Founded by Riva in 2008, AUREA regulates various subsidiaries, including Swiss firms Aurea Gestioni Patrimoniali SA, and Aurea Consulenti Associati SA; the London-based BGB AUREA Ltd; and Milano Fiduciaria S.r.l. in Italy. Riva maintains active participation in these subsidiary companies, overseeing important negotiations and transactions and managing special pRivate investments.
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Friday, July 19, 2019
This Is Your Last Chance to Dump Netflix Stock / / Corporate News
By: Stephen_McBride
As you may have heard, Netflix (NFLX) bombed on earnings results this week.The company fell short of its growth target by more than two million subscriptions. And for the first time in eight years, it reported a subscriber loss in the US.
The stock plunged more than 10% on the news.
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Tuesday, April 09, 2019
Why Stock Buybacks Are Such a Mistake / Companies / Corporate News
By: Harry_Dent
A lot’s driving this bubble we’ve been in since 2009, but good fundamental trends and things like demographics and technology are not among them.The biggest inflator has been the $13 trillion worth of quantitative easing (QE) courtesy of central banks. Thanks to their significant gift to all but retail investors like you and me, speculation has become the norm.
With higher cash flow and cheaper borrowing rates – all in a slow growth economy – companies quickly learned that the best way to increase their earnings per share (EPS) was to shrink the number of shares available.
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Tuesday, December 18, 2018
Stock Buy-Backs Go Bust / Companies / Corporate News
By: Michael_Pento
The perfect storm of zero percent interest rates that existed concurrently with a debt-disabled economy lured executives at major corporations into a decade-long stock buyback program. The Fed pumped money into the economy thru its various Quantitative Easing programs to force interest rates near zero percent, with the expectation corporations would borrow money at the lowest rates in history and then invest in their businesses in the form of Property Plant and Equipment (capital goods). This in turn would expand productivity and help foster a low-inflation and strong growth environment.
Wednesday, February 07, 2018
Shocking: Insider Trading Announcement / Companies / Corporate News
By: OilPrice_Com
James Stafford here.
I'm the Intelligence Director here at OilPrice.com...
And I have a major announcement regarding insider trading in the energy markets.
You'll soon see it all over the news...
Thursday, February 01, 2018
Capita the Next Carillion Seeks Emergency £700mln Funding to Prevent Collapse / Companies / Corporate News
By: Nadeem_Walayat
Barely a fortnight on from the spectacular collapse of Carillion, now another PFI outsourcing corporate giant Capita finds itself teetering on the brink, seeking emergency funding of £700mln in the form of new share issuances to buy itself time whilst trying to reassure investors that it is not the next Carillion. However, as was the case for Carillion, the Capita stock price says it all about the distressed state of this corporation that has seen its stock price CRASH by over 70% over the past few weeks.
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Tuesday, January 23, 2018
CAT Stock Bouncing after JPM Upgrade How High and How Long Can This CAT Jump? / Companies / Corporate News
By: EconMatters
Caterpillar’s (CAT) stock price touched an all-time high of $172.99 on Jan 16 and has drifted lower since. This price action took place after upgrade from JP Morgan a week ago. The stock jumped 2% in the day JPM report came out on Jan. 8.
Tuesday, January 16, 2018
Carillion Bankruptcy and the PFI Sector Spiraling Costs Crisis, Amey, G4S, Balfour Beatty, Serco.... / Companies / Corporate News
By: Nadeem_Walayat
Carillion has gone bust after Theresa May's Government decided not to bailout this particular private sector PFI contractor with tax payers money. Which the government deemed to be too small to bail, unlike the £4 trillion of banking sector liability bailouts of 2008 that the people of Britain are still paying the price for some 9 years on in terms of loss of purchasing power of real terms earnings as a consequence of inflating the money supply of asset prices through quantitative easing of over £500 billion and through a myriad of additional asset price boosting schemes such as "Funding for Lending".
Monday, January 15, 2018
Carillion Goes Bust, as Government Refuses to Bailout PFI Contractors Debt and Pensions Liabilities / Companies / Corporate News
By: Nadeem_Walayat
Carillion goes bust after Government decides not to bailout the private sector PFI contractor with tax payers money, unlike the £4 trillion banking sector liability bailout that the people of Britain continue to suffer the consequences of in terms of loss of purchasing power of real terms earnings as a consequence of inflation of the money supply and asset prices through quantitative easing of over £500 billion and through a myriad of other banking sector asset price boosting measures such as the "Funding for Lending" scheme amongst a dozen others.
Monday, July 24, 2017
Activist Investors Are Taking Over Wall Street, Procter and Gamble Might Never Remain the Same / Companies / Corporate News
By: Boris_Dzhingarov
In February, billionaire investor Nelson Peltz revealed that he had purchased a $3.5 billion stake in Procter & Gamble Co (NYSE:PG) through his investment firm, Trian Partners. Wall Street suspected that the purchase was part of a grand strategy even though Mr. Peltz didn’t offer any proposals on making changes in the company. Market analysts surmised that the billionaire investor was bidding his time – now it seems that Peltz indeed had plans to make some changes at Procter & Gamble after all.Read full article... Read full article...
Thursday, July 06, 2017
US Fed and Mainstream Media’s Moronic Statements On The Whole Foods Buyout / Companies / Corporate News
By: Jeff_Berwick
It’s already bad enough we live in a world overpopulated by idiots. Worse, they are often in charge of ‘the monetary system’ and even head up ‘the media’! Luckily for tomorrow, entrepreneurs are busy developing a decentralized crypto-monetary platform for a money that nobody can control, and an alternative media, of which we are part.
One recent article encompassed precisely the unnecessity of the stupidity of central bankers and their mainstream financial media lapdogs.
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Saturday, January 14, 2017
The Impact of Sir Alex Ferguson's Retirement on Man United's Share Price / Companies / Corporate News
By: Submissions
...
Thursday, August 18, 2016
Corporations – And Corporate Execs — Fall Out Of Love With Their Shares / Companies / Corporate News
By: John_Rubino
It’s no secret that one of the main things propping up the US stock market has been corporations’ willingness to buy back their own shares with borrowed money. The following chart illustrates the rather amazing correlation between share repurchases and share prices.
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Thursday, August 04, 2016
Walkers Spell and Go Holidays Winners List Post-mortem / ConsumerWatch / Corporate News
By: Anika_Walayat
Hello everyone, I am back for a Walkers Spell and Go Post-mortem update as Walkers Spell and Go is now officially DEAD, for if you go to the walkers website and click any of the ‘Spell and Go’ links you go a page that effectively tells you that it is DEAD. So here is our update video on how many of the 20,000 advertised holidays walkers has likely awarded during its 4 month long promotion -
Wednesday, July 13, 2016
How Hostess Has Adapted Even the Twinkie to a Changing World / Companies / Corporate News
By: Rodney_Johnson
In 2004, Hostess Brands declared bankruptcy. At the time, I wrote that the maker of Twinkies, Ho Hos, and Snoballs was suffering because of demographic trends.As millennials aged past elementary and middle school, they quit munching on such snacks. With fewer kids in the younger age cohorts, slower Twinkie sales seemed inevitable
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Friday, July 01, 2016
Will PayPal Ever Hit Its Stock Price Target? / Companies / Corporate News
By: Boris_Dzhingarov
Can shares of PayPal, which began trading as an independent company last year after its spinoff from eBay, manage to reach its share price target estimated by analysis at $45 a share? According to comments on Twitter and StockTwits, a financial social media platform from back when PayPal first began trading, many thought that this was certainly possible. Right at the beginning, PayPal shares were closing at around $40, valuing PayPal at $49.4 billion. However, currently, PayPal share prices are valued at $35.08, just under $10 less than their share price target for 2016.
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Thursday, February 04, 2016
Another Corporate Giant Is Leaving the U.S. – What This Means for You / Companies / Corporate News
By: Casey_Research
By Nick Giambruno
Try getting in shape for a marathon on an all-McDonald’s diet...
You wouldn’t be surprised to come in dead last. After all, you didn’t put in much effort. Actually, you went out of your way to make yourself less competitive. So you would expect to lose.
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Friday, January 29, 2016
Xerox - CEO Future Role, Icahn's Involvement, and Company's Debt / Companies / Corporate News
By: Bloomberg
Xerox Chairman & CEO Ursula Burns spoke with Stephanie Ruhle and David Westin on Bloomberg TV's "Bloomberg <GO>" to discuss that in an agreement with investor Carl Icahn, Xerox will split into two publicly traded companies.
Fortunately when we did speak to him, as you know he's a large holder of our shares, he agreed with the outcome we reached."
On Icahn's involvement going forward, Burns added: "On a go-forward basis he will be involved from a perspective when the company separates into two; he will have some governance input into the services business. Will not be engaged with the document technology business or with current Xerox business at all."
Wednesday, January 06, 2016
Future of Corporatism in 2016 / Politics / Corporate News
By: BATR
Economists, stock pickers and financial analysts are eager to play the forecast game. Clients of these erudite soothsayers would like you to believe that their study of trends and markets are founded on empirical maxims. What they carefully avoid admitting is that predicting the political climate is even more important than knowing the direction that monitory central banking will follow. 2016 promises to be a pivotal year. Depend upon the overactive drive of a lame duck President to complete his task of ruining the economy before he leaves office.
Monday, July 20, 2015
Stock Markets "Whistle Past the Graveyard" as Google Gains $65 Billion in Just One Day / Companies / Corporate News
By: ...
MoneyMorning.com
Michael E. Lewitt writes: While markets decided to ignore what are destined to be doomed attempts to cover over intractable debt crises in Greece and China, the real action in the markets last week took place in two high-flying NASDAQ stocks – Netflix, Inc. (NASDAQ:NFLX) and Google, Inc. (NASDAQ:GOOG).
Tuesday, June 16, 2015
Time Warner Shareholders Pay CEO $100 Million Exit Package / Companies / Corporate News
By: Harry_Dent
By Rodney Johnson : Late last month Charter Communications and Time Warner Cable agreed to a merger in a $55 billion deal — closer to $79 billion if you include debt. If the merger goes through, Time Warner’s CEO Robert Marcus will leave the combined company with an exit package worth just over $100 million.
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Wednesday, April 22, 2015
GE's Restructuring Pleases Investors and Avoids Other Risks / Companies / Corporate News
By: John_Browne
On April 10, General Electric, which for 123 years has been one of America's best known and most highly respected companies, announced a radical return to its basic industrial roots. After years of disappointing share performance, and a campaign of criticism by frustrated investors, Chief Executive Jeff Immelt decided to spin off most of its $500 billion GE Capital arm which, if taken as a stand-alone company, would have been the seventh largest bank in the U.S.
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Thursday, February 05, 2015
Adidas - We're Not Gonna Compete With Our Dumbest Competitor / Companies / Corporate News
By: Bloomberg
Kevin Plank, Under Armour CEO, spoke with Bloomberg Television's Stephanie Ruhle this morning to discuss the company's acquisition of the MyFitnessPal and Endomondo apps.
When asked about the Adidas strategy of signing on athletes, Plank said: "Spending more money is no strategy, right? And we're not going to compete with our dumbest competitor either."
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Wednesday, February 04, 2015
The Only Way McDonald’s New CEO Can Turn Things Around / Companies / Corporate News
By: Money_Morning
Keith Fitz-Gerald writes: Just over two months ago I unceremoniously kicked McDonald’s Corp. (NYSE:MCD) off my “buy” list noting that for the first time in more than 10 years that the company was no longer tapped into any of our globally “unstoppable trends.” Now, with the stock down another 7% since then, the Board has just kicked CEO Don Thompson off the menu, too.
Friday, December 12, 2014
Fund Managers' Sears Stock Mania Dangerous Delusion / Companies / Corporate News
By: Money_Morning
Michael E. Lewitt writes: Investors reacted with joy when Sears Holdings Inc. (Nasdaq: SHLD) announced on November 6 that it would sell 200 to 300 of its stores to a real estate investment trust (REIT) in 2015.
It was the "Big Bang" announcement investors had been waiting for since hedge fund billionaire Eddie Lampert combined Sears with the bankrupt retailer Kmart a decade ago.
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Wednesday, November 19, 2014
My Favorite Stock McDonalds Just Got Kicked Off My “Buy” List / Companies / Corporate News
By: Money_Morning
Keith Fitz-Gerald writes: This has been one of my favorite stocks for over 10 years.
I’ve called it a rock-solid investment, a powerful income play, and a global challenger that would be able to outmaneuver the competition to react to changing consumer preferences around the world. I’ve recommended it as a “BUY” twice to my Money Map Report readers, who had the chance to see great returns of at least 42.90%.
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Wednesday, November 12, 2014
As You Add Alibaba Stock, It's Time to Shed Sears / Companies / Corporate News
By: Money_Morning
As Alibaba (NYSE: BABA) enjoyed sales of over $7 billion on Monday, its iconic retail antithesis in the United States edged closer to its demise.
On Friday, November 7, Sears Holdings Corp. (Nasdaq: SHLD) stock jumped by 31% to $42.81 per share after the company announced that it was considering selling 200 to 300 of its 712 company-owned stores to a real estate investment trust (REIT).
Lest you think that's great news, consider that Sears is down nearly 50% over the past five years, and nearly 60% over the past ten years.
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Monday, October 27, 2014
Could Tesco Go Bust? How to Save Tesco from Debt Bankruptcy Risk / Companies / Corporate News
By: Nadeem_Walayat
Unbeknown to most of Tesco's remaining customers as they continue their weekly shops at its well stocked mega-stores across Britain is that Tesco is not just at the edge of a cliff but has actually fallen off it and is in a state of free fall. So whilst customers may soon start to look forward to splurging on their Christmas shopping which undoubtedly will buy the likes of Tesco time during a period when the stock price could hit bottom and bounce. However, as experienced investors well understand that which is termed a 'dead cat bounce', as literally even a cat thrown off a cliff will eventually hit bottom and bounce and so that will likely be the experience for Tesco investors over the coming months as they mistakenly assume a rallying stock price is a sign of recovery.
Friday, October 24, 2014
Tesco Meltdown Debt Default Risk Could Trigger a Financial Crisis in Early 2015 / Companies / Corporate News
By: Nadeem_Walayat
The mainstream press is finally waking up the the catastrophe that is taking place at Britain's largest Supermarket that for well over a year has been in a state of collapse, whilst the mainstream press in large part swallowed Tesco's bogus financial numbers as its management in a complete state of denial 'of this cannot be happening' first bent and then broke umpteen accounting rules so as to hide the true state of the supermarket giant's financial picture, one of effectively fast disappearing down a financial black hole as a consequence of the fundamental factor that Tesco just CANNOT compete against the discount retailers such as Aldi and Lidl towards which Tesco has been exponentially haemorrhaging customers to the point where last week I wrote that it its customers had effectively vanished that risked the unthinkable that Tesco may not even make it to the end of the current financial year (March 2015).
Saturday, October 18, 2014
Tesco Supermarket Crisis Worse To Come as Customers Vanish! / Companies / Corporate News
By: Nadeem_Walayat
It's a year since I started warning that Tesco was in crisis and that investors should bail out immediately (£3.80) and so far with the share price more than halving (£1.74) this mega corporation trend trajectory towards becoming a penny stock remains in tact. However, I fear things are about to get worse, much worse even to the point that within a few short months we could even be contemplating unimaginable, EXTINCTION!
Thursday, October 02, 2014
Gross' "Minsky Moment" - What Really Happened at PIMCO / Companies / Corporate News
By: Money_Morning
Michael E. Lewitt writes: As I mentioned over the weekend, the month of September ended with two dramatically different exits: The Hollywood ending of Yankee Captain Derek Jeter's Hall of Fame 20-year career, and the acrimonious departure of Bill Gross from PIMCO, the firm he founded 43 years ago.
The departure of the two could not have been in starker contrast.
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Friday, September 26, 2014
The Home Depot Breach Boils Our Blood – and It Should / Companies / Corporate News
By: Money_Morning
Shah Gilani writes: Who should worry about data breaches?
Everyone.
You as an individual are at risk. Your bank account is at risk. Your credit is at risk. You’re at risk in ways you never thought about.
Merchants are at risk, maybe to the tune of tens of billions of dollars.
Read full article... Read full article...
Monday, September 22, 2014
Tesco Super Market Giant Fast Disappearing Down a Financial Black Hole / Companies / Corporate News
By: Nadeem_Walayat
Tesco, Britain's giant supermarket chain continues in its death spiral trend towards eventually becoming a mere fraction of its former size as barely a few weeks after its latest profit warning of a 25% collapse, today we find out that its financial controllers (bankers) and accountants can't control or count anything as the management wakes up to find that £250 million of expected profits no longer exists the news of which wiped out £2 billion in market capitalisation as panicked stock holders belatedly start to jump ship as the mega-corp is literally disappearing down a financial black hole.
Sunday, August 31, 2014
Tesco Supermarket Death Spiral Latest Profits Warning and Dividend Slashed / Companies / Corporate News
By: Nadeem_Walayat
Tesco, Britian's giant supermarket chain continues in its death spiral trend towards eventually becoming a mere fraction of its former self where each quaretly report is accompanied with a new profits warning that in its latest statement cut forecast earnings further to £2.5 billion, 25% lower than last years £3.3 billion.
Wednesday, August 13, 2014
Trouble in the Global Economy? McDonald’s, Wal-Mart Say So / Companies / Corporate News
By: DailyGainsLetter
George Leong writes: Think all is well—or at least OK—with the global economy? Don’t relax too much, as that doesn’t seem to be the case. As we all know, spending drives economic growth, whether it’s from consumers, businesses, investments, or governments. Without one part or another, there would be added pressure on other areas.
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Monday, August 04, 2014
Boycott Marks and Spencers Historic Supporter of Zionism, Israel's Killing of Palestinian Children Consequences / Companies / Corporate News
By: Submissions
Boycottisrael writes: Historically, Marks & Spencer has made statements in support of Zionism. Lord Sieff, chairman and founder of M&S who died in 2001, made several statements in support of Israel’s military policies. In 1941, Sieff said that “large sections of the Arab population of Palestine should be transplanted to Iraq and other Middle-Eastern Arab States” (Jewish Chronicle, 21/09/1941). In 1990, Sieff, in a book entitled On Management: The Marks and Spencer Way, wrote that one of the fundamental objectives of M&S was to “aid the economic development of Israel.”
Thursday, July 24, 2014
Tesco Supermarket Death Spiral Accelerates as Customers HATE the Mega Brand / Companies / Corporate News
By: Nadeem_Walayat
The Tesco stock price continues to slide as Britain's mega supermarket chain continues to haemorrhage market share and profits as the discount retailers like termites have been eating into its business as the too big to know what to do next super market chain's management has been sat in their bunker looking at artificial charts and graphs that deluded them into staying the course despite earnings report after earnings report revealing an accelerating crisis. Well now Tesco takes its first steps towards finally recognising that it has a destiny with extinction by ejecting its CEO Philip Clarke, YES it is that serious! Clarke over the past 3 years took one of Britain's strongest companies and turned it potentially into the next Woolworth's! And at best a lost in the wilderness for a decade plus Morrisons.
Friday, July 18, 2014
Malaysia Airlines Management Needs Overhaul After MH17 & MH370 / Companies / Corporate News
By: EconMatters
On Thursday a Malaysia Airlines flight crashed with 295 people on board over eastern Ukraine near the Russian border, there is a high probability that the conflict in this region caused this plane to be shot down by accident. There are a myriad of scenarios of how this could happen in the confusion of what essentially has been a war zone, an area that the FAA has banned all U.S. commercial flights from flying over since April of this year. These kinds of accidents happen all the time in the confusion of military hotspots if we look back at historical records, the US even shot down a commercial Iranian flight by accident, these things happen.
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Wednesday, May 21, 2014
NQ Mobile 'Substantial Fraud'; Why Wouldn't Alibaba Lie To Make Numbers Better? / Companies / Corporate News
By: Bloomberg
In an interview with Bloomberg's Stephanie Ruhle and Alix Steel, Muddy Waters LLC Founder Carson Block said there is 'clearly an issue' with audit of NQ mobile and it is 'probable' NQ Mobile does not get unqualified audit opinion. Block went as far to say to Bloomberg Television that NQ mobile is a 'substantial fraud.'
On Alibaba, Block said "you really, as a U.S. investor, have to ask yourself, well, why wouldn't they lie to make the numbers better?"
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Wednesday, April 23, 2014
Why Mohamed El-Erian Left Pimco / Companies / Corporate News
By: Bloomberg
In his first interview since leaving PIMCO, Dr. Mohammed Aly El-Erian told Bloomberg's Betty Liu this morning that he is very surprised by the media attention he received around his departure and the reason he left was "to interact with others," to "step back", "to do something different," spend more time with his daughter and travel less.
Friday, April 11, 2014
Bill Gross to El-Erian: 'Come on, Mohamed, Tell Us Why' You Resigned PIMCO / Companies / Corporate News
By: Bloomberg
Pimco's Bill Gross spoke with Bloomberg Television's Trish Regan today and opened up about Mohamed El-Erian's departure and reflects on his personal role at the company.
Gross explained he was "extremely disappointed" in El-Erian reluctance to speak up and explain why he resigned: "He hasn't spoken up, and that's a mystery to us and quite frankly an extreme disappointment....He simply said that he wasn't the man to take the company forward. And he constantly repeated that without explaining it."
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Monday, March 31, 2014
Alibaba IPO Is Going to be Huge / Companies / Corporate News
By: Money_Morning
Kyle Anderson writes: There's still no official date set for the Alibaba IPO, but that hasn't stopped analysts and investors from speculating about the size of the company's initial public offering.
Alibaba IPOAccording to some analysts, the Alibaba IPO could raise almost as much as Facebook Inc.'s (Nasdaq: FB) 2012IPO, which raised $16 billion.
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Wednesday, February 19, 2014
Why EBay, PayPal Split is a Bad Move / Companies / Corporate News
By: Bloomberg
John Donahoe, CEO of eBay, spoke with Bloomberg Television's Trish Regan and Matt Miller about investor Carl Icahn's proposal that the company's PayPal online payments unit be split off and EBay's competition and strategy.
On how eBay and PayPal can be most successful, Donahoe said: "I continue to believe the best way is together, that eBay makes PayPal stronger. And it makes PayPal stronger by helping it grow faster, it provides more data, and it provides a strong financial foundation that will ultimately make PayPal more successful as part of eBay than separate."
Tuesday, January 07, 2014
Why AAON Should Be a Case Study in Business Schools / Companies / Corporate News
By: Profit_Confidential
Mitchell Clark writes: In the pursuit of reliability and consistency in business performance, AAON, Inc. (AAON) came through once again by reporting another record quarter.
I’m absolutely convinced that any equity market portfolio is well served by having at least some exposure to what I refer to as “old economy” types of businesses. AAON is a Tulsa, Oklahoma-based company that manufactures and sells heating, ventilation, and air conditioning (HVAC) equipment to industrial customers.
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Tuesday, December 17, 2013
This Is How You Win a Billionaires' Brawl - True Story / Companies / Corporate News
By: Money_Morning
Shah Gilani writes: There's a lucrative new trading "set-up" a lot of investors are using now. But unlike classic approaches, like "don't fight the Fed," and "the trend is your friend," there are no rules on how to play this new game.
So let's change that today.
This is the true story about two billionaires' egos, their trading games, and what happens when they clash over the same stock.
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Friday, October 11, 2013
Costco Membership Drop an Irksome Sign of Consumer Pullback / Companies / Corporate News
By: Profit_Confidential
Mitchell Clark writes: If there’s one company that has been a stalwart wealth creator on the stock market it’s Costco Wholesale Corporation (COST).
The company’s been on a roll since the mid-2000s, and up until recently, it reported excellent financial growth in its operations. But its most recent quarterly earnings came in shy of expectations and were a surprise for those who follow the business.
Sunday, September 15, 2013
The Most Dangerous Secret of Corporate America / Companies / Corporate News
By: Investment_U
Paul Mampilly writes: If you own stocks, chances are good you're being scammed by one of corporate America's biggest secrets.
It's very hard to learn unless you've seen it up close... unless you've shaken its hand.
Over my 20-plus years as a portfolio manager and stock analyst, I was exposed to this secret dozens of times. And it scared the hell out of me.
Read full article... Read full article...
Thursday, May 30, 2013
How Big Corporations Are Destroying the "Free Market" / Politics / Corporate News
By: Money_Morning
Garrett Baldwin writes:
As an economist, I wince whenever I hear someone say that we live in a true free market.
The reality is we live in a semi-free market where regulation stifles business and corporate money influences and distorts what would normally be a highly competitive marketplace.
And over the last two decades, the situation has only gotten worse for consumers, producers, and defenders of the so-called "free market."
Read full article... Read full article...
Wednesday, May 08, 2013
The Warren Buffett House of Cards / Companies / Corporate News
By: BATR
Now that the financial hype is celebrating a new all time high in the stocks, the time to exit the market may well be at hand. So what will that Oracle of Omaha do with all the insider information available from his compadre network? The business press swoons all over Warren Buffett with every report, while only a few intrepid journalists would dare write about the dark side of Wall Street’s favorite equity cheerleader. The guru of sweet heart deals floats in the rarified air of a political cronyism ongoing honeymoon. So what is likely for his Berkshire Hathaway flagship company now that the ticker is breathing on pure oxygen?
Thursday, January 31, 2013
Looking for the “Herbal” in Herbalife / Companies / Corporate News
By: Vitaliy_Katsenelson
Months before the recent Sturm und Drang surrounding nutritional-supplement maker Herbalife, my firm took a long, hard look at the company. On the surface it was a value investor’s dream: great balance sheet, high return on capital, high revenue and earnings growth, and attractive valuation. Of course, there was one problem: The validity of its multilevel marketing (MLM) pyramid structure was being questioned by some investors.
Monday, January 21, 2013
Don't Get Suckered by the Boeing Media Frenzy, Instead Potential Buying Opportunity / Companies / Corporate News
By: Money_Morning
Look for a chance to buy Boeing now.
You heard me right.
As someone who worked in the news business for nearly three decades, I've seen these kinds of media "feeding frenzies" take hold more times than I can count. They take on a life of their own - meaning that facts, logic and context can fall by the wayside.
Read full article... Read full article...
Friday, November 16, 2012
Corporations Making a Huge Mistake, Destroys More Value Than the Government Ever Could / Companies / Corporate News
By: DailyWealth
Dan Ferris A few weeks ago, I called Apple...
I spoke to an investor relations person about the company's massive cash hoard. She confirmed Apple has $121.3 billion in cash and securities on its balance sheet... Of that amount, a "substantial portion" of the company's cash is "indefinitely reinvested" in accounts outside the U.S.
Friday, October 12, 2012
Is Wal-Mart's Bluebird Brilliant or an Invitation to the Slippery Slope? / Companies / Corporate News
By: Money_Morning
Keith Fitz-Gerald writes:
Don't look now, but Wal-Mart is getting into the banking business.
The retail giant has recently teamed up with American Express to offer a new account called the "Bluebird." Typical of the famed discounter, the account offers customers no minimum monthly balance requirements, no monthly maintenance fees, no annual fees, and no activation fees.
Read full article... Read full article...
Tuesday, August 07, 2012
The Real Story Behind the Knight Capital Trading Fiasco / Companies / Corporate News
By: Money_Morning
Shah Gilani writes: Oh, you are going to love this.
That whole Knight Capital fiasco last Wednesday, when a software glitch caused them to flood the market with thousands of unintended orders, it ain't exactly what you think it is.
Sure, they tripped over themselves in the dark pool where they were trying to compete.
Read full article... Read full article...
Thursday, May 31, 2012
Facebook IPO Was a Success and Wall Street Got What It Deserved / Companies / Corporate News
By: Vitaliy_Katsenelson
Being politically correct has never been my strongest quality; therefore I’ll say this: I don’t feel sorry for Facebook’s new shareholders. Despite Nasdaq technical glitches and analysts sharing changes in estimates for the near quarter only with big clients, the Facebook initial public offering (IPO) was a success.
Read full article... Read full article...
Thursday, May 17, 2012
Facebook IPO Facts - The Good, The Bad and The Ugly / Companies / Corporate News
By: Money_Morning
Shah Gilani writes:
Face it, you want it. It seems that everyone wants a piece of the Facebook IPO.
But, can you handle the truth? Will the hyped sensationalism be a boon or a boondoggle?
I'm not going to tell you what to do, whether you should buy Facebook sooner rather than later. That's up to you.
Read full article... Read full article...
Monday, May 14, 2012
When an Airline Buys an Oil Refinery / Companies / Corporate News
By: EconMatters
The biggest news in the airline sector of late is probably the announcement by Delta Airlines to buy a Phillips 66 refinery in Trainer, PA. Delta will pay $150 million for the 180,000 barrels per day (bpd) facility, spend an additional $100 million to upgrade the plant, and get $30 million in state subsidies for infrastructure and to create jobs.
Monday, April 16, 2012
The Antitrust Curse: What Apple Can Learn From Microsoft and IBM / Companies / Corporate News
By: Money_Morning
David Zeiler writes:
On the surface, it would appear that Apple Inc. (NASDAQ: AAPL) has little to fear from the antitrust lawsuit filed by the U.S. Department of Justice last week.
The DOJ accused Apple of colluding with several major publishers to fix the prices of electronic books in its iBookstore.
Read full article... Read full article...
Friday, April 13, 2012
Is JPMorgan About to Crash Delta Airlines? / Companies / Corporate News
By: Money_Morning
Keith Fitz-Gerald writes:
The devil is in the details.
That's what I thought when I read that Delta Airlines (NYSE: DAL) may be hopping into bed with JPMorgan Chase (NYSE: JPM).
According to various reports, Delta is in talks to purchase the idled "Trainer" refinery facility in Philadelphia with assistance from JPMorgan Chase as its financier.
Read full article... Read full article...
Tuesday, February 28, 2012
TATA Motors (NYSE: TTM): Can Momentum Be Sustained in 2012? / Companies / Corporate News
By: Yiannis_G_Mostrous
Tata Motors (NYSE: TTM) posted solid numbers in its most recent quarter largely because of the performance of its Jaguar Land Rover (JLR) division. JLR produced EBITDA (earnings before interest, taxes, depreciation and amortization) of around USD1.2 billion, with volumes up almost 37 percent year over year as the result of strong sales of Range Rover’s new Evoque model.Read full article... Read full article...
Wednesday, February 22, 2012
What Are The Major Concerns of Company Chairmen and CEOs? / Companies / Corporate News
By: DK_Matai
At our most recent “Global Dynamics Roundtable” distinguished Chairmen and CEOs of key strategic organisations belonging to The ATCA 5000 expressed eight major concerns:
1. Fuel Price Risk -- Price of oil could rocket to USD 150 per barrel or higher causing global demand to crash, derailing the nascent world economic recovery;
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Thursday, February 02, 2012
Carnival After the Costa Concordia Disaster, Buy, Sell or Hold? / Companies / Corporate News
By: Money_Morning
Jack Barne writes:
Carnival Corp. (NYSE: CCL) is the world's largest provider of vacation cruises operating under the names Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn in North America; and AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, and P&O Cruises in Europe, Australia, and Asia.
Thursday, December 22, 2011
End Your Exposure to this Eurozone Debt Crisis Victim / Companies / Corporate News
By: Money_Morning
Jack Barnes writes:
Around this time last year I warned you that the Eurozone debt crisis would trample the Italian economy and take carmaker Fiat S.p.A. (PINK: FIATY) down with it.
To profit from this debacle, I told you to short Fiat. Since then, the stock has tumbled 76%, from $19 a share to yesterday's (Wednesday's) closing price of $4.66.
Read full article... Read full article...
Wednesday, November 23, 2011
Don't Let the Active IPO Stock Market Fool You / Companies / Corporate News
By: Money_Morning
David Zeiler writes:
Although last week was the most active for the initial public offering (IPO) market since 2010, don't expect it to be the start of a sustained wave of IPOs and a rally among volatile U.S. stocks.
Encouraged by Groupon Inc.'s (NYSE: GRPN) successful IPO Nov. 5 as well as the October rebound in the stock markets, eight stocks went public last week. They include such well-known names as Angie's List Inc. (Nasdaq: ANGI) and Delphi Automotive PLC (NYSE: DLPH).
Read full article... Read full article...
Tuesday, November 01, 2011
Regulators Searching MF Global for Millions in Missing Customer Funds / Companies / Corporate News
By: Jesse
Do you know where your account funds or assets owned through ETFs really are? Do the regulators and overseers of the markets? Do they care, or just look the other way?
Read full article... Read full article...
Friday, June 10, 2011
A Brief View: Some Of Wall Street’s Big Players / Companies / Corporate News
By: LiveCharts
Today Wall Street celebrates an abrupt end to the declines across all markets. Mainly this was due to the increase in exports that were reported, however many commentators had stating it was due a bounce at some point. With that bounce in mind let’s take some time to review a few of our favorite big fish and their statistics.Read full article... Read full article...
Sunday, June 05, 2011
The Next Stock Market Bubble is Forming Right Now / Companies / Corporate News
By: Jared_Levy
The mass media is obsessed with bubbles. They see market bubbles everywhere, like in crude oil, soft commodities or China... Granted, there are some serious issues with all three, especially with China and its consumption of the other two.
Thursday, April 07, 2011
Will The Internet Play An Increasing Role In Corporate Governance? / Companies / Corporate News
By: Submissions
Ian R. Campbell writes: I received an e-mail a few days ago from a Stock Research Portal subscriber who obviously had spent time researching my work history and reading my daily commentaries. His e-mail dealt with the proposed Plan of Arrangement (the 'Plan') announced March 14 pursuant to which Century Mining Corp. ('Century') shareholders would exchange their shares for shares of White Tiger Gold Ltd. ('White Tiger'). About the Plan, he said: "We as minor shareholders need some credible press on this and since I have been reading your writing for a couple years, I trust you to take a real look past the surface, at the truth. Ian, its not right, its not fair and I am trying to do something about it, will you help".
Read full article... Read full article...
Monday, April 04, 2011
Toyota Motor Corp Needs to Rebuild from Supply Chain Collapse / Companies / Corporate News
By: Money_Morning
Jack Barnes writes:
Toyota Motor Corp. (NYSE ADR: TM), one of the largest manufacturing companies in the world, has offered strong periods of growth from which investors have profited.
However, today it is a "Sell" - and is likely headed toward a long-term redevelopment of its core company structure (**).
Read full article... Read full article...
Sunday, April 03, 2011
Buffettgate: Berkshire Hathaway's Problem at the Top / Companies / Corporate News
By: Janet_Tavakoli
Suppose I took a call from a banker-friend at Citigroup on December 13, 2010, and he informed me that he had just observed other Citi bankers meeting with David Sokol, an executive of Berkshire Hathaway and possible successor to Warren Buffett, the CEO. He discovered Sokol expressed interest in a company called Lubrizol and requested a meeting with the company's president.
Tuesday, March 29, 2011
U.S. Companies Spending Record-High Cash Piles On Everything But Jobs / Companies / Corporate News
By: Money_Morning
Kerri Shannon writes:
U.S. companies have started to spend their record high piles of cash, but most won't be using it to boost hiring.
Since the credit crisis, U.S. companies have collected about $940 billion in cash. Per-share profit surged 36% in 2010, the biggest jump since 1988, and companies cut capital expenditures 26% in 2009 to compensate for the ailing economy.
Read full article... Read full article...
Friday, March 11, 2011
Amazon Threatened by Sales Tax Dilemma / Companies / Corporate News
By: Money_Morning
David Zeiler writes: If state legislatures across the country get their way, Amazon.com Inc.'s (Nasdaq: AMZN) 16-year holiday from collecting sales tax will come to an end - with unpleasant consequences for the online retailer.
The U.S. Supreme Court in 1992 established that only retailers with a physical presence (called "nexus") in a given state are required to collect a sales tax from their patrons. But with state budgets being squeezed, more and more legislatures are trying to rope in online retailers - especially Amazon, a company that was specifically engineered to profit from the Supreme Court's ruling.
Read full article... Read full article...
Thursday, December 16, 2010
U.S. Companies Hoarding $1.93 Trillion in Cash / Companies / Corporate News
By: Money_Morning
Don Miller writes:
U.S. corporations are piling up cash at the fastest rate in half a century. But instead of signaling a new wave of spending, that cash pile may mean tough times ahead.
Non-financial companies in the United States had stacked up $1.93 trillion in cash and other liquid assets at the end of September, up from $1.8 trillion at the end of June, the U.S. Federal Reserve said Thursday. Cash made up 7.4% of the companies' total assets -the largest chunk since 1959.
Read full article... Read full article...
Tuesday, December 14, 2010
A Bitter Coffee Divorce: Kraft v. Starbucks / Companies / Corporate News
By: Dian_L_Chu
When a corporate partnership deal turns sour, it has every bit of the drama as a high profile Hollywood celebrity divorce. The verbal clashes between Starbucks (SBUX) and Kraft (KFT) have been escalating over the past month or so. Then, after a failed private resolution (Starbucks offered Kraft $750 million in August), on Monday Dec. 6, Kraft took the fight to court seeking an injunction to stop Starbucks from unwinding a 12-year partnership.
Tuesday, November 23, 2010
The Cadmium Curse of Coca-Cola / ConsumerWatch / Corporate News
By: Pravda
Coca-Cola is withdrawing 22,000 collectible glasses from the US market. The paint, which the world's larges producer of soft drinks used for its glasses, contained toxic cadmium. The concentration of the cancerous substance is very insignificant; it does not pose any danger to consumers, company officials claim.
Read full article... Read full article...
Wednesday, September 29, 2010
The Lights Have Officially Gone Out In the US / Companies / Corporate News
By: Graham_Summers
Here’s a news story that summates the US economy’s problems rather well:
The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s.
Read full article... Read full article...
Wednesday, September 22, 2010
Toyota's Troubles Double as China Threatens Action / Companies / Corporate News
By: Pravda
Misfortunes of Japanese automaker Toyota Motor Corp continue. Chinese authorities are threatening to fine the group for bribing dealers. The company, providing cheap loans to three of its dealers, forced them to issue loans to buyers not through the banks of the country, but directly through Toyota. The amount of the fine is 140 thousand Yuan ($20 thousand 650). Damages will amount to 426.3 thousand Yuan ($65 thousand 500).
Thursday, September 09, 2010
HP Is Right To Sue Mark Hurd / Companies / Corporate News
By: Dian_L_Chu
Hewlett-Packard Co. slapped Mark Hurd, the CEO it ousted last month, with a law suit soon after rival Oracle Corp. named Hurd as Co-president and Director. HP claims that Hurd cannot perform his job at Oracle without violating a confidentiality agreement.
Read full article... Read full article...
Wednesday, August 18, 2010
In Defense of the Hewlett Packard Board to Vote Out Mark Hurd / Companies / Corporate News
By: Static_Chaos
The HP board has taken a lot of heat for their decision to vote out CEO and Chairman Mark Hurd. But the HP board had no other choice in the matter. Some of the confusion surrounding the Mark Hurd saga is the fact that the media is looking for some bigger story than there actually is, after all, controversy sells in their business. Moreover, Mark Hurd who is trying to conduct spin and damage control to save his future corporate career is making a pretty clear cut, necessary, and deserved firing look more mysterious than it actually is. This is a no-brainer, and every board, including Larry Ellison`s would have come to the same conclusion: namely, Mark Hurd had to go.
Sunday, August 15, 2010
Hewlett Packard's Hurd Crisis Creates A Value Investment Play / Companies / Corporate News
By: Dian_L_Chu
Hewlett-Packard Company (HPQ) has had a bad week since the announcement that Mark Hurd was resigning. HPQ stock is currently sitting at $40.40, just off the 52 week low of $39.95 established on Thursday after Cisco`s CEO John Chambers gave tempered guidance for the tech bellwether. (See chart)
Thursday, July 01, 2010
The Surprising Opportunity behind Tesla Motors IPO / Companies / Corporate News
By: Q1_Publishing
There are few sectors as volatile, risky, yet as potentially lucrative, than initial public offerings (IPOs).Every time a company turns to the public markets to raise cash, it’s either a boom or bust. Very rarely are they ever just flat.
Read full article... Read full article...
Tuesday, June 22, 2010
China’s Foxconn Will Hurt the Global Economy More Than the BP Oil Spill / Companies / Corporate News
By: Money_Morning
Martin Hutchinson writes: Before this month, chances are pretty good that you'd never even heard of Taiwan's Foxconn International Holdings (PINK ADR: FXCNY). And yet, Foxconn is one of the world's most important manufacturers.
Given that the formerly anonymous giant is now at the forefront of the zooming escalation in labor costs that's currently taking place in Mainland China - and given the enormous implications of the inflationary pressures that will result - chances are excellent that Foxconn will have a bigger effect on the world economy this year than even BP PLC (NYSE ADR: BP).
Read full article... Read full article...
Thursday, May 06, 2010
The Oil Slick Cover-up: BP's Crude Politics and the Looming Environmental Mega-Disaster / Politics / Corporate News
By: OilPrice_Com
We have been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama's 2008 presidential campaign -- more than John McCain or Hillary Clinton, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP's liability for damage caused by what can be called a "mega-disaster."Read full article... Read full article...
Wednesday, April 14, 2010
iPad Proves It’s Not What Apple Sells, It’s How Apple Sells It / Companies / Corporate News
By: Money_Morning
Kerri Shannon writes: Apple Inc.'s (Nasdaq: AAPL) iPad has lived up to the hype, garnering rave reviews and meeting sales expectations. That success is particularly impressive because previous attempts by other companies to launch similar products were met with abject failure.
Saturday, January 23, 2010
Forbes Wins Domain Name Lawsuit Against Russian Travel Agency / Companies / Corporate News
By: Pravda
Forbes magazine won by court action the right for forbes.ru domain name. The magazine may now receive a record large compensation for the violation of trademark rights on the internet. The compensation can be the largest in Russia’s judicial practice, The Vedomosti newspaper wrote.
Read full article... Read full article...
Thursday, January 07, 2010
Buffett Reminds Wall Street That Shareholders Come First / Companies / Corporate News
By: Money_Morning
Martin Hutchinson writes: A decade ago, investing guru Warren Buffett helped torpedo a $15.3 billion Coca-Cola Co. (NYSE: KO) bid for Quaker Oats Cos., arguing that the terms were lousy and the proposed price way too high.
Tuesday, December 15, 2009
Apple Declares War on Nokia / Companies / Corporate News
By: Pravda
Apple declared war on its European competitor, Nokia. Finland’s world-known cell phone maker previously sued Apple over the supposed use of its patents. In return Apple accused Nokia of plagiarism and the use of 13 of its technological developments.
Read full article... Read full article...
Sunday, September 06, 2009
Google Granted Patent for Home Page / Companies / Corporate News
By: Nadeem_Walayat
Google the arch sharer of everyone else's intellectual property is not so keen to share its own ideas as a patent of its home page was approved on 1st of September.
The patent filed 5 years ago specifically covers the 2004 home page layout.
Read full article... Read full article...
Tuesday, July 28, 2009
SKY Broadband Is a Joke, Real Speed 1/10th Advertised / Companies / Corporate News
By: Nadeem_Walayat
Ofcom has today published the results of speed tests across Britians broadband suppliers that reveals that all broadband suppliers fall short against advertised speeds, where typical speeds tend to average at LESS than half that advertised. However real consumer speeds tend to fall further far short as Ofcom's speed test ignored the impact of wireless home networks run off of broad supplier routers, which can result in a further degradation of service.
Read full article... Read full article...
Saturday, July 04, 2009
British Telecom Offers Staff a Year Off Work at 25% of Pay / Companies / Corporate News
By: Nadeem_Walayat
The recession is forcing British Telecom, Britians largest telecom provider to offer some of its staff the option of taking a year off work at 25% of full time pay, as an alternative to further redundancies in an attempt to cut costs and ride out the recession which follows a heavy first quarter loss of £1.3 billion, with similar projected loss for the 2nd Quarter of 2009.
Read full article... Read full article...
Tuesday, June 23, 2009
Kodak to Take Kodachrome Away / Companies / Corporate News
By: Mike_Shedlock
The Wall Street Journal is reporting Kodak to Take Kodachrome Away.
Kodachrome, the storied camera film that has documented historic events and everyday lives since the Great Depression, is about to fade into oblivion.Read full article... Read full article...
Tuesday, June 02, 2009
GM’s Bankruptcy and Changes to the Dow Jones Stock Market Index / Companies / Corporate News
By: Money_and_Markets
Nilus Mattive writes: The bankruptcy of General Motors isn’t surprising … in fact, Martin repeatedly warned Money & Markets readers — for years — that it was coming.
Wednesday, May 20, 2009
Breaking Market News: General Electric (GE), Verizon Communications (VZ), American Express (AXP), Bank of America (BAC) / Companies / Corporate News
By: Oakshire_Financial
General Electric Co. (GE) says that it has no need to raise additional capital in the debt markets for the remainder of the year. Chief Executive Officer Jeff Immelt, who is head of the largest U.S. conglomerate, hinted that funding needs in 2010 could also be established within the year as well.
Tuesday, April 28, 2009
Sirius Satellite Radio: Seriously Down and Going Lower / Companies / Corporate News
By: Mike_Stathis
It’s a bit funny to see that the SIRI stock pumpers are still at it, despite facing nothing but absolute humiliation after making ridiculous claims and clinging onto their delusions of grandeur as the stock collapsed by over 95% after merger with XM.
Tuesday, March 31, 2009
IBM's Secret Formula for Offshoring Jobs and Maximising Tax Breaks / Companies / Corporate News
By: Mike_Shedlock
Inquiring minds are noting IBM files for patent on offshoring jobs .As IBM was firing thousands of American workers last week, the U.S. Patent and Trademark Office published Big Blue's application to copyright a computerized system that calculates how to offshore jobs while maximizing government tax breaks.
Read full article... Read full article...
Monday, November 17, 2008
Citigroups Survival in Doubt as 50,000 Jobs Cut / Companies / Corporate News
By: Captain_Hook
In yet another round of massive financial layoffs, Citigroup plans to cut about 50,000 jobs .
Citigroup's layoffs are the latest in a brutal round of job cuts across the financial industry. The cuts have been sparked by unprecedented losses due to bad credit investments, as well as the subsequent precipitous drop in banking and other financial-services business amid the worst economic conditions in 70 years.
Read full article... Read full article...
Wednesday, September 24, 2008
Hedge Funds Drive Britain's Biggest Mortgage Bank Towards the Edge of Collapse / News_Letter / Corporate News
By: NewsLetter
September 17th , 2008 Issue #26 Vol. 2Dear Reader,
Hedge funds over the last 3 days have been in relentless pursuit of Britain's biggest mortgage bank, Halifax Bank of Scotland (HBOS) as the next bank to be pushed over the credit crisis and housing bear market cliff, amidst an atmosphere of global defaults in the wake of Lehman's collapse on Sunday. In emergency action both sanctioned and sponsored by the Bank of England saw Lloyds TSB step in to buy the Bank before the Government was forced to step in and rescue the bank much as happened following the Northern Rock bust in September 2007. Only at that time the Bank of England in a huge unforgivable blunder that destroyed much of the central banks credibility, PREVENTED Lloyds TSB from taking over Northern Rock.
Saturday, September 13, 2008
Boeing Under Pressure From Union Strike Action as Recession Looms / Companies / Corporate News
By: Mike_Shedlock
Going on strike just as the global economy is headed into a recession is simply not a good idea. But that is exactly what happened to Boeing. On September 6th Boeing Machinists Start Strike, Jeopardizing 787 Plan .Sept. 6 (Bloomberg) -- Boeing Co.'s machinists went on strike today, seeking improved pay and job security as the planemaker benefits from record orders and tries to keep its 787 Dreamliner schedule from slipping further.
Read full article... Read full article...
Wednesday, August 06, 2008
S&P500 Corporations Board and Executive Compensation Payments / Companies / Corporate News
By: Richard_Shaw
Executive compensation and board largess with high paid executives is a hot topic recently. That spurred us to look comprehensively at some factual comparative data on the total cost of boards of directors and top executive teams among the S&P 500 companies (proxy SPY or IVV).
For that purpose, we utilized the corporate governance database provided by The Corporate Library ( www.TheCorporateLibrary.com ) which tracks corporate actions, including executive compensation, and ranks public companies on several dimensions of corporate governance.
Read full article... Read full article...
Tuesday, July 29, 2008
Bennigan's Restaurant Chain Is Bankrupt, Faces Chapter7 Liquidation / Companies / Corporate News
By: Mike_Shedlock
The Wall Street Journal is reporting Bennigan's, Steak & Ale Close, File for Bankruptcy Protection .National restaurant chains Bennigan's and Steak & Ale have closed their doors and filed for Chapter 7 bankruptcy protection, shuttering more than 300 locations and letting go of thousands of employees.
Read full article... Read full article...
Saturday, October 13, 2007
Deal to End UK Royal Mail Postal Strike / Companies / Corporate News
By: Sarah_Jones
Union and Royal Mail Management announced a deal on Friday that looks set to bring the highly damaging postal strike to an end that has seen chaos in the UK's postal system for near 2 weeks. However details of the deal have yet to be presented to the Unions Executive on Monday.
Monday, October 08, 2007
Asda Supermarket Milk Going Bad Early / ConsumerWatch / Corporate News
By: N_Walayat
In my experience over several weeks, the Milk being sold by Asda at its Sheffield store is consistently going off before the sell by date.Read full article... Read full article...
Sunday, October 07, 2007
Citibank £10billion Loan Facility and Potential Take Over of Northern Rock Bank / Companies / Corporate News
By: Phillipa_Green
Citibank in prelude to a potential take over bid for Northern Rock bank agreed to provide the troubled bank with a £10 billion loan facility.Read full article... Read full article...
Wednesday, March 28, 2007
Whistleblower reveals car giant Renault's cover-up to Watchdog / ConsumerWatch / Corporate News
By: Sarah_Jones
Car manufacturer Renault is tonight, accused by one of its own staff of deliberately downplaying a serious design fault that causes the bonnet of some cars to open while they're on the road.
In an interview for BBC One 's Watchdog – to be broadcast tonight at 7.30pm – the company's former PR manager Graeme Holt reveals he left Renault because of their handling of the issue.
"I think it's been disgraceful quite frankly," he told the programme. "It doesn't get more serious than putting your customers' lives in danger."
Read full article... Read full article...
Thursday, January 25, 2007
Ford car giant announces record loss of $12.7 billion / Companies / Corporate News
By: Phillipa_Green
Ford Motor Company, the once mighty car giant announced a slump in sales in the fourth quarter of 2006, resulting an a record loss of $5.8 billion, raising the year to date loss to $12,7 billion, by the far the largest in the companies 100 year history. Nearly doubling the previous record reported during the depths of the 1992 recession of $7 billion. The loss amounts to an estimated $2000 for every vehicle sold.
Monday, September 25, 2006
Class Action suit hits Tobacco Companies / Companies / Corporate News
By: Shahla_Walayat
In a big blow to Tobacco companies, a federal judge on Monday granted class action status to tens of millions of "light cigarette" smokers for a potential $200 billion lawsuit against cigarette makers.
U.S. District Judge Jack Weinstein in Brooklyn made the ruling on a 2004 lawsuit that alleges Philip Morris, R.J. Reynolds Tobacco, Lorillard Tobacco Co. and other defendants duped smokers, and responded to consumers' mounting health concerns with a campaign of deception designed to preserve revenue.
Read full article... Read full article...