Strikes in Greece Threaten Its GDP
Spain is not the only nation with the problem of citizens who have taken to the streets to attack austerity. In Greece, the protesters numbers as high as hundreds of thousands — impressive in…
All Work
Trey Thoelcke
Volkswagen Wants to Be the “World’s Best”
In rather a statement of the obvious, Volkswagen said today that market conditions in Europe had become noticeably tougher and that they likely would not get better in the near future. However, Europe’s largest…
American Airlines Flight Delays Causing Headaches for Travelers
AMRPassengers who fly American Airlines, the operating division of bankrupt AMR, have found it increasingly frustrating to use the carrier. The Allied Pilots Association allegedly has encouraged some of its members to skip work. This has…
Drivers Not Benefiting from Drop in Oil Prices
Despite a drop in oil prices that has taken Brent crude from just below $100 a barrel three weeks ago to about $92, drivers have not benefited at all. AAA Fuel Gauge shows that…
Americans to Spend Big on Halloween This Year?
HalloweenHalloween may be one of the events that helps keep consumer spending at a reasonable level. BIGinsight conducted research for the National Retail Federation that found more than 71% of American will celebrate the holiday this…
ECB Prepares for Legal Challenges to Bond-Buying Plan
German newspaper Bild said today that the European Central Bank and the Bundesbank have in-house lawyers checking on the legality of the ECB’s new bond-buying program. They are investigating both what proportions the program…
Survey: Higher Taxes, More Spending Cuts Needed
The best way to reduce the federal deficit is through a combination of higher taxes and spending cuts, according to economists recently surveyed by the National Association for Business Economics. Members of the association…
Mass Brawl Closes Foxconn Plant
Chinese state media reported Monday on a mass brawl among up to 2,000 workers at a Foxconn plant in Taiyuan, in Shanxi province. Foxconn’s Taiwanese parent company Hon Hai said in a statement that…
Greece Denies $26 Billion Budget Shortfall
The Greek Ministry of Finance has denied reports that the country must close a 20 billion euro ($26 billion) budget shortfall in order to meet requirements from international lenders. German magazine Der Spiegel reported…
Clint Eastwood Has Trouble with the Weekend
via Wikimedia CommonsThe movie industry suffered through another bad weekend. Experts often have argued that people go to theaters less because of DVDs and streaming download services. Those assumptions could be tested now as…
Unions Push Back on American Airlines
AMRBankrupt AMR, parent of American Airlines, faces increasing resistance from employees as it attempts to cut wages and headcount. Worker activism has started to harm American’s relationships with customers, and almost certainly its sales…
Download Speed: iPhone 5 vs. Galaxy S III
AppleNow that millions of people and thousands of tech reviewers own an Apple Inc. (NASDAQ: AAPL) iPhone 5, the attention about the device has turned to its features and connection speed. The speed comparisons usually take…
Darden Hits Multiyear High on Earnings, Outlook
Shares of Darden Restaurants Inc. (NYSE: DRI) jumped more than 5% after the opening bell on this morning’s sold quarterly results even as its Red Lobster chain continues to struggle. The Orlando-based full-service restaurant…
Friday Dividend Roundup (MCD, TXN, COV, LII, AGX, YUM, CAG)
McDonald’s Corp.’s (NYSE: MCD) board of directors approved a 10% increase in the company’s quarterly dividend on common stock, to 77 cents a share. The new dividend is payable Dec. 17 to stockholders of…
Ford, GM Set Deals with Canadian Auto Workers
The three large American auto firms have to hope that their negotiations with the United Auto Workers will be as easy as the ones they have had with the Canadian Auto Workers. The CAW have…
Luxury Car Sales Slump in Europe
nationsonline.orgEven the luxury end of the car market has begun to suffer in Europe. Apparently, the 1% have begun to feel the pinch of recession. They must have decided to hold their current cars…
Preposterous iPhone 5 Sales Forecasts
The launch of the Apple Inc. (NASDAQ: AAPL) iPhone 5 began in Asia and has moved toward the United States, where it will be available for sale today. The evaluations of the effects of its sales…
Rail Sector Sinks on Norfolk Southern Earnings Warning (CNI, CP, CSX, KSU, NSC, UNP)
The rail sector has taken a hit this morning after Norfolk Southern Corp. (NYSE: NSC) warned late yesterday that its third-quarter earnings will fall well below expectations. Norfolk Southern now expects earnings of between…
Jefferies Group Revenues Jump 45%
Shares of Jefferies Group Inc. (NYSE: JEF) are down in premarket trading this mornings solid earnings report. Jeffries reported third-quarter 2012 earnings per share (EPS) of $0.31 on revenue of $739 million. In the…
CarMax’s Flat Earnings Fall Short of Expectations
CarMax Inc. (NYSE: KMX) this morning reported second-quarter earnings per share (EPS) of $0.48 on revenue of $2.76 billion. In the same period a year ago, the used car dealer reported EPS of $0.48…