Walmart Needs a New Board
Walmart needs a new board. The conclusion of a recent report about Walmart's need for more independent directors was not aggressive enough to solve Walmart's severe governance flaws.
All Work
Douglas A. McIntyre
Volkswagen’s Sales Disaster Continues
In a week, the auto industry will, company by company, issue data on May sales in the United States. And the disaster that is Volkswagen's sales in America will continue.
Google Top Company for Pay and Benefits
Google topped all companies in terms of best pay and benefits in a new survey by online jobs site Glassdoor. The list was thick with tech and biotech companies.
Chevy Continues to Offer Huge Silverado Discounts
The months-long effort by Chevy to lure buyers for its Silverado pickup line continued through Memorial Day, with discounts as high as $8,600. Chevy is losing share to its two primary rivals.
Detroit $1,000 Home Auction Yields Strong Sales
ThinkstockDetroit’s plan to auction homes for as little as $1,000 is off to a relatively good start, with the bidding on some homes moving their eventual sale price as high as $87,000. While the…
Minnesota Will Host 2018 Super Bowl, but What’s It Worth?
Image via Minnesota Vikings.The Minnesota Vikings weren’t winners on the football field last year, but they just won a very important bid. The team’s new billion-dollar stadium, set to be built where the old…
Google Strengthens Position as Top U.S. Site
Google further cemented is position as the number one Web property in the United States based on April data. comScore reports that Google sites had 192.3 million unique visitors.
Fox’s Summer Strategy Highlights ’24,’ ‘Gang Related’ and Reality Staple ‘So You Think You Can Dance’
Fox Recently the business of television was on full display as the networks spent tons of money trying to convince advertisers, investors, and audiences that their new slate of programming is the most profitable. Now with…
Pentagon Awards $575 Million in Defense Contracts
ThinkstockThe Department of Defense awarded 17 defense contracts in its Wednesday evening announcement of contract awards. The total value of these contracts was $574.8 million. Among the publicly traded companies winning contracts: Raytheon (NYSE:…
Boeing Hits Milestone in 737 MAX Orders
Wikimedia CommonsOrders for 30 planes were enough to push Boeing (NYSE: BA) past the 2,000 mark for orders of the 737 MAX this week. But then Boeing went ahead and recorded 45 orders more.…
Could Every Car in the U.S. Be Recalled?
ThinkstockThe Department of Transportation has estimated that some 250 million cars are registered in America. That number has been relatively flat since 2005. Some of these vehicles may not be in service at all,…
HP Layoffs May Not Be Over
As many has 16,000 workers will be cut by Hewlett-Packard, an addition to a long list of layoffs that over the years has stretched into the tens of thousands. And the cuts may well…
Thousands of Major Retailer Locations Could Close This Year
As retailers post poor earnings, the possibility that major retailers will eliminate thousands of locations in total has increased. Some announcements about "downsizing" have already been made.
Fitch Announcement on Greece Upgrade
ThinkstockThe Fitch announcement on Greece debt upgrade: Fitch Ratings has upgraded Greece’s Long-term foreign and local currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B-‘. The Outlooks are Stable. The issue ratings on…
Housing Market Heats Up, Mortgage Rates Fall
ThinkstockFreddie Mac released its weekly update on national mortgage rates on Thursday morning, showing modest declines in interest rates nearly across the board. Both 30-year fixed-rate mortgages (FRMs) and 15-year FRMs got cheaper over…
Chicago Fed: National Economic Activity Index Shrinks
National economic activity declined sharply in April, according to the Chicago Federal Reserve National Activity Index released today. After clocking in at a revised 0.34 for March, April saw economic activity slump to -0.32. Based…
Markit: Manufacturing Output Growth Hits Three-Year High
ThinkstockThe Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) jumped 1.4% to 56.2 for May, according to a Markit report released Thursday. This month’s flash estimate came as a surprise to analysts, who had…
NBC Runs the Gauntlet with Summer Programming: Crossbones, Taxi Brooklyn, and Reality Fare
(Credit: NBC)Recently the business of television was on full display as the networks spent tons of money trying to convince advertisers, investors, and audiences that their new slate of programming is the most profitable. Now…
Sweden’s Ultra-Cheap Fighter Jet Still Isn’t Cheap Enough for Switzerland
Photo: Saab Last year, America’s biggest defense contractor, Boeing (NYSE: BA), suffered a terrible blow. Down (way) south of the border in Brazil, the government suddenly accelerated planes to choose a new fighter jet to…
Pentagon Awards $87.4 Million in Defense Contracts
Credit: Lockheed MartinThe Department of Defense awarded only six defense contracts in its Wednesday evening announcement of contract awards. The total value of these contracts was $87.4 million. The following publicly traded companies won…