The rich must be getting richer again. Tiffany (TIF) reported its revenue for the quarter that ended January 31 was up 17% to $981 million. EPS moved up to $1.09 from ... Read Full Story »
Toyota (TM) is already facing product liability suits over defects in its recalled cars. The settlement to people who claim injury could hit $5 billion according to several industry experts. ... Read Full Story »
Edmunds reports that incentives have increased the public's "intent to purchase" Toyota's by 40% in March. That may help the Japanese car company some, but its competitors have rolled out incentives ... Read Full Story »
Sprint (S) is gambling nearly its entire future on a 4G WiMax network that it is installing around the country. The massive infrastructure project has the financial support of several large ... Read Full Story »
Recently, Kraft (KFT) made a great public relations noise about its plans to cut the salt levels in its foods distributed in North America by 10% over a two-year period. Not ... Read Full Story »
Reuters: The Obama health care bill passed the House and Senate. Reuters: The Senate will begin a fight on financial reform Reuters: Arrow agreed to a buyout from Shell (RDS.A) ... Read Full Story »
The 24/7 Wall Street Corporate Power Rankings of the thirty-two most important companies in America are determined by earnings, analyst rankings, important corporate news, trends in each firm’s industry, product ... Read Full Story »
No matter what legislation comes out of the frenzied health care debate, economists say that it will cost the American taxpayer a great deal. Estimates run the gamut from the ... Read Full Story »
Lee Iacocca, Chrysler’s CEO in 1979, worked for $1 a year while his company paid back taxpayers $1.2 billion in loan guarantees. Edward Liddy, former CEO of Allstate (ALL), was ... Read Full Story »
The Federal Reserve understandably does not want to give up the secrets of which banks were most in need of rescue as the credit markets melted down in late 2008. ... Read Full Story »
A trade war between the US and China, with tariffs and taxes, recriminations and retaliation, may be a modestly troubling prospect compared to a currency war. China's Commerce Minister Chen ... Read Full Story »
The need for a new and tremendous belt-tightening by the US government and the costs of the recession to consumers is about to hit like a tidal wave. And the drops in government ... Read Full Story »
Among the things that the Treasury Department elects to say very little about is how many of the firms that still owe the government TARP money are not even paying ... Read Full Story »
This week is a jam-packed list full of the Unusual Suspects. We have many earnings reports, enough that we had to screen out some, and we have many issues to ... Read Full Story »
Russian cold warrior Nikita Sergeyevich Khrushchev is long dead and with him the battle he fought with John Kennedy when Soviet--US military tensions were at their apex. Those times are remote ... Read Full Story »