US News

Tiffany Lowers Fiscal 2012 Earnings Outlook amid Economic Uncertainty and Falling Spending (TIF)

Aug 27 2012 @ 09:53
High-end jewelry retailer, Tiffany & Co. (NYSE:TIF) reported weaker-than-expected fiscal second-quarter results on Monday, with both earnings and revenue falling short of Street’s expectations as cost conscious consumers in the wake economic uncertainty spent thriftily on luxury shopping.

Navistar Appoints New CEO to Navigate Out of the Swamp

Aug 25 2012 @ 05:06
Navistar (NYSE:NAV), the truck and diesel engine manufacturing giant and holding company asked for the resignation of CEO Dan Ustian in an effort to regain a vestige of investor confidence in the company that has faltered so dramatically in the past two years.  The share price closed today at $23.32, up a slight 0.34 cents […]

Gold - $1672 and climbing – this is just the start

Aug 23 2012 @ 15:17
The Gold price has raced ahead by $32.30 to $1672.80 an ounce today thanks to the release of the last minutes of the meeting of the Federal Reserve Open Markets Committee (FOMC) that showed QE3 is just inevitable. Like we did not know that already. But this is just the start. Phrases involving genies and […]

Hormel Foods Reports Q3 Results (HRL)

Aug 23 2012 @ 10:23
Food processing company, Hormel Foods Corp. (NYSE:HRL) reported a 13% jump in fiscal third-quarter earnings as its sales continued to soar.

Facebook’s Instagram Acquisition Deal Cleared by FTC (FB)

Aug 23 2012 @ 10:21
Bringing an end to its antitrust investigations on Wednesday, the U.S. Federal Trade Commission has approved Facebook Inc.’s (NASDAQ:FB) acquisition of Instagram. Accordingly, Facebook is now allowed to complete its acquisition of Instagram.

Facebook – Share crash to continue - Target Price cut from $7.30 to $5 and Zuckerburg will have to go

Aug 22 2012 @ 09:14
I have explained numerous times since Facebook  (NASDAQ:FB) stock IPO’d at $38 a share in mid May why I think that the shares are on fundamentals worth no more than $7.30. Actually it is pretty hard to put any value on this company as there is just so little visibility of earnings. And for that […]

China Hard Landing – the Underpants Evidence

Aug 22 2012 @ 08:43
I have warned so many times that China is set for a hard landing in the second half of 2012 that if you have ignored my numerous articles then there is probably no helping you at any stage. But I shall try again and I shall be brief. That is a pun. I am talking underpants here. […]

The Libor Scandal Is Far From Over - It's Only Just Begun

Aug 16 2012 @ 11:32
“What a tangled web we weave, when first we practice to deceive.” Was there a banking scandal in Sir Walter Scott’s day, or did he foresee one coming?  Whatever, the answer, he sure got it right.  The banking world is a mess.  It seems like Barclays has been in the headlines more often in the […]

Standard Chartered Crisis Timeline

Aug 15 2012 @ 09:30
Standard Chartered (LSE:STAN) is a global bank offering financial services in nearly 70 countries.  Although headquartered in London, the bank is heavily involved in Asia, Africa, and the Middle East.  The banking firm often provides its services in developing countries with emerging markets.  This business strategy made it one of the best performing banks during […]

The Buck Never Stops in Washington: Corporates, Governments, Thick as Thieves

Aug 13 2012 @ 16:40
In Washington, D.C., there is a cozy connection between business and government. Corporate donations of large sums of money to their politicians, parties and special interest groups of choice are legion. Since the donations are considerable in most cases, it makes one wonder exactly what the businesses are getting out of the deal. Obviously nothing […]
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