Tiffany: The Rich Got Richer
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 $.30 in the same…
All Work
Douglas A. McIntyre
Toyota Shareholders Sue Over Falling Stock Price
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. But, liability suits are…
Car Sales To Have Huge Surge In March But At Big Cost To Firms
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 as well. Car sales…
4G Or Not 4G, That Is The Question
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 firms including Intel (INTC),…
Pepsi Cut The Sugar, And Now It Cuts The Salt
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 to be bested, PepsiCo (PEP)…
Media Digest: 3/22/2010 Reuters, WSJ, NYTimes, FT, Bloomberg
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) and PetroChina (PTR). Reuters: Employer…
24/7 Wall St.’s Corporate Power Rankings (Week 11)
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 introductions, management strength and…
The $70 Billion A Year American Obesity Tax
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 Obama administration’s claim that it…
The 15 CEOs Who Should Be Paid $1 A Year
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 paid $1 a year…
Bernanke Versus The First Amendment
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. It might lead customers,…
US Currency Wars With China Looms
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 Deming said “The currency is…
IMF Warns US And Other Developed Nations Of Unprecedented Austerity
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 services to individuals and businesses…
Signs Of The Apocalypse: Dozens Of TARP Banks Miss Payments
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 interest on the capital…
The Cold War Long Over, Russian Firm Will Make Air Force Bid
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 enough in memory that…
National Employee Morale Day At Siemens
The spectacularly successful conglomerate Siemens (SI), which was roiled by scandal two years ago, has decided to fire another 4,200 people. Those being cut are in the firm’s IT business solutions unit. This division…
Google’s New TV Innovation
Google TV sounds like a mere side project. Now, it’s an impending reality. Google has partnered with Sony and Intel to invade your living room television, reports The New York Times. The idea is…
Today’s Best Markte Rumors (3/19/2010)
Updated throughout the day. Merrill Lynch warned the SEC and Fed that Lehman was booking capital aggressively (FT) Apax Partner may buy Polycom (PLCM) for as much as $3 billion (FT) Palm (PALM), just off poor…
The Twitter-24/7 Wall St. Daily Stock Watch 3.19
Twitter has, by most estimates, 75 million visitors a month, which makes it one of the largest social networds in the world. All major media companies have a presence on Twitter and some are followed by…
A Slow Boat From China
China said it will send an envoy to Washington to discuss the friction between the two countries over the value of the yuan. It will not matter. Too many members of Congress, CEOs of…
The Core Problem With Compensation: Gannett’s CEO Gets A Raise
Gannett (GCI) is part of the crumbling newspaper industry. It has not gotten its online properties to nearly match the revenue of its traditional print operations, so the firm is still shrinking and has…