Toyota (TM) Crashes, Again
Toyota (TM) has already cut its sales targets for its fiscal 2008 year. Now it is taking down its forecast for 2009. According to The Wall Street Journal, "Japan’s biggest car maker by sales…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 143When Will Starbucks CEO Howard Schultz Take $1 A Year?
When times were tough, Apple’s (AAPL) Steve Jobs and Chrysler’s Lee Iaccoca took salaries of $1. Starbucks (SBUX) has just announced that its management will forgo taking raises next year. Since Starbucks shares have…
Apple (AAPL) iTunes And The Sherman Antitrust Act
"Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal".–The Sherman Antitrust Act,…
Memo To The SEC: There Is Nothing Wrong With GAAP
The SEC is proposing that US companies give up the GAAP standard which they have used for financial reporting for decades. American public corporations would move to the International Financial Reporting Standards that are…
How Did Imbeciles Come To Run Fannie Mae (FNM)?
One of the first things students get taught in business school is that it is a bad idea to replace senior management in the midst of a crisis, especially if those people have been…
Media Digests 8/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Toyota (TM) cut its 2009 sales forecast by almost 7%. Reuters reports that Fannie Mae (FNM) changed several of its top executives. Reuters writes that Starbucks (SBUX) management will receive no…
Asia Markets 8/28/2008 (LFC)(PTR)
Markets in Asia were mixed. The Nikkei rose .1% to 12,678. Asahi Breweries rose 2.2% to 2010. UNY rose 4% to 1172. The Hang Seng fell 2.2% to 20,988. China Life (LFC) fell 1%…
The 52-Week Low Club 8/27/2008 (F)(NEXM)(CEGE)(AMLN)
Ford (F) Oil moves up. Drops to $4.25 from a 52-week high of $9.24. Nexmed (NEXM) Drug trial problems. Falls to $.23 from a 52-week high of $.1.87. Cell Genesys (CEGE) Drug trial problems.…
Apple (AAPL) iPhone Picks Up Ground On RIM (RIMM)
Apple’s (AAPL) iPhone is doing well in the consumer market, but it now appears to be picking up ground with businesses as well. According to the August ChangeWave survey of IT spending, 17% of…
A Tiny Ray Of Hope In Russia (BP)
In the midst of the military and political fiasco in Georgia, it would be easy to believe that Russia could withdraw from a number of contracts it has with the West. It appears that…
Oil in China: Producers, Up; Refiners, Down (CEO, PTR)
Two of China’s largest oil companies announced earnings for the first half of 2008 today. CNOOC Ltd. (NYSE:CEO), the country’s second largest producer, reported a sales increase of nearly 64% over the first half…
24/7 Wall St. Most Overpaid CEO Of The Day: Cell Genesys (CEGE) CEO Stephen A. Sherwin, M.D
Cell Genesys CEO Stephen A. Sherwin, M.D made $1.3 million last year, with $577,500 coming from base salary. He did so well, in the eyes of the board, that his base was raised to…
China Mobile (CHL) Success Likely To Be Short Lived
China Mobile (CHL) announced extraordinary results for the first half and it is not likely to repeat them in the future. CHL’s 54.8 billion yuan ($8 billion) in net profit in January-June compared with…
Top Pre-Market Analyst Upgrades & Downgrades (EXPO, EHTH, INCY, RIGL, WBD, AMR, AMLN, BKUNA, NGG)
It is getting pretty thin in analyst coverage as we get closer to Labor Day, but these are the upgrades and downgrades we are seeing this Wednesday morning: Exponent (EXPO) Started as Buy at…
Conoco (COP) Exits Gas Station Business: A Lost Opportunity
Conoco (COP) is selling its gas stations, following Exxon (XOM) out the exit door. Perhaps there is a greater fool; a company that thinks it can make money on a business that Conoco believes…