May 17 2013 @ 10:50
Michael Dell’s message on the Dell (
NASDAQ:DELL) website begins with these words: “Successful, innovative companies tend to aspire to a greater purpose that goes beyond the bottom line.” If there were ever a time to test how much he really believes that, it is now. The boardroom discussions must be increasingly more intense at Dell […]
May 16 2013 @ 10:48
High in the foothills of the Great Smoky Mountains, in the quiet community of Lenoir, North Carolina sits a sprawling facility shrouded in mystery. Lenoir used to be home to the most well-known scions of furniture manufacturing in the United States, but those factories and jobs have all been moved to China. The most notable […]
May 16 2013 @ 09:37
E-commerce sales grew more than 30 percent compared to 2012. Wal-Mart Stores has reported financial results for the first quarter ended April 30, 2013, with Q1 net sales of $113.4 billion, an increase of 1.0 percent over last year. Net sales last year benefited by 1.0 percent from the extra day due to leap year. […]
May 15 2013 @ 10:33
“There’s nothing more important to us at Bloomberg than communicating openly and honestly about our company.” ~ Dan Doctoroff, President and CEO of Bloomberg LP, 13 May 2013. Whether it started a month ago or whether it has “taken place in the newsroom for decades,” it is now a matter of public record. Not […]
May 14 2013 @ 15:58
Cyan Celebrates Initial Public Offering and First Day of Trading on the New York Stock Exchange Petaluma, Cailf.-based Cyan, a global supplier of software defined networking (SDN) solutions, opened for trading today on the New York Stock Exchange under the ticker symbol “CYNI” after its initial public offering. Barclays is the Designated Market Maker (DMM) […]
May 14 2013 @ 09:50
Began trading on May 9 Research Triangle Parkbased Quintiles, a leading global provider of biopharmaceutical development and commercial outsourcing services, visited the New York Stock Exchange to celebrate the company’s initial public offering. Quintiles began trading on the NYSE on Thursday, May 9, under the ticker symbol “Q”. Barclays is the Designated Market Maker (DMM) […]
May 13 2013 @ 12:42
Plans to sell 30om GM shares The U.S. Department of the Treasury has announced the next step in its plan to sell its approximately 241.7 million remaining shares of General Motors (GM) common stock with the initiation of a second pre-defined written trading plan. “TARP’s emergency support to GM during the financial crisis was necessary […]
May 10 2013 @ 12:44
How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]
May 09 2013 @ 11:06
Sony Corporation (
NYSE:SNE) has turned in lackluster performance over the five years since 2008, failing to find the right combination of product and operating vitality necessary to pull it out of the doldrums it got stuck in during the global financial crisis. Whilst one might not be impressed see Sony’s share price decline 1.4% to […]
May 08 2013 @ 10:44
We’re only at midweek, but traders are celebrating on selling floors around the world as the leading indexes continue to rise to lofty and, in some cases, record highs. The Footsie 100 closed up 35.8 points yesterday to reach its highest point since December 2007. The Nikkei Index broke past the 14,000 mark to 14,180 […]