Kraft Foods Inc. (NYSE: KFT) announced this morning that it has received a “favorable private letter ruling” from the US Internal Revenue Service “confirming the tax-free status of the planned ... Read Full Story »
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released their most recent U.S.-listed equity holdings for the Berkshire Hathaway empire. This cut off date is as of ... Read Full Story »
Food processor J.M. Smucker Co. (NYSE: SJM) announced this morning that it was lowering the price on its coffee brands by an average of 6% “in response to sustained declines ... Read Full Story »
A stock market that sells off eight of nine days is not a good market. Even the Facebook IPO is being viewed as a one-off item rather than a systemic ... Read Full Story »
Blame whatever you want. A weaker U.S. economy, a weakening and flailing Europe, a move to socialism in France and Greece, a weaker BRIC and emerging market story, commodity prices ... Read Full Story »
The major US stock indexes opened slightly lower this morning and continued drifting lower all day. The Chicago PMI report got the day started on the wrong foot, showing a ... Read Full Story »
The Walmart statement of ethics is the core of the company’s values: Each business organization Walmart operates is expected to have a complete set of policies providing guidance to associates for whatever country they are working in. ... Read Full Story »
Best Buy's (NYSE: BBY) board selected an astonishingly weak committee to begin the search for a new CEO after former chief executive Brian Dunn made a disgraceful exit. The committee's opinion will ... Read Full Story »
Warren Buffett is supposed to be invincible. Unfortunately the world is finding out that this is not the case. A disclosure letter came from Mr. Buffett and Berkshire Hathaway Inc. ... Read Full Story »
Kraft Foods Inc. (NYSE: KFT) today announced plans to change its corporate name to Mondelez International, Inc. Does this name sound silly? It does here, but you can decide for ... Read Full Story »
US stocks opened higher this morning following an in-line report from ADP on US employment gains. There was little economic news out today, but we can anticipate tomorrow’s report on ... Read Full Story »
These are some of this Wednesday's top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. Apple, Inc. (NASDAQ: AAPL) named Bull of the Day and raised to ... Read Full Story »
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) and Warren Buffett have just released the latest holdings of U.S.-listed equities as of December 30, 2011. These public stock holdings have been broken ... Read Full Story »
These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street brokerage and research firms this Tuesday morning. Arch Coal Inc. (NYSE: ACI) Cut to Hold ... Read Full Story »
It is rare for one of America’s largest companies to lose a third or more of its sales in a brief time. When it happens, it is usually either because ... Read Full Story »