The 10 Most Sexist Companies in Canada
ThinkstockCanada — long considered a better nation than they United States because of its low violence rates, tolerance, spirit of equality and free health care — is home to just as many misogynistic large…
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Douglas A. McIntyre
Reader’s Digest Bankruptcy: The Latest Print Media Woe
ThinkstockPrint journalism had a bad few days. The Reader’s Digest filed for Chapter 11 for the second time in three years, with $1.1 billion in assets and $1.2 billion in liabilities. The transaction will…
Crude Nears $100 a Barrel Again
ThinkstockCrude oil prices are approaching $100 again, a level where the commodity has not traded since the autumn. Blame a better economy in China and political problems in the Middle East, although those explanations are…
BP Ready to Litigate Instead of Settle
ThinkstockBP PLC (NYSE: BP) has decided that the best way to repent from the sins it took on with the Gulf of Mexico disaster is to litigate. According to The Wall Street Journal: BP already has…
What’s Important in the Financial World (2/19/2013)
ThinkstockReader’s Digest Bankruptcy Print journalism had a bad few days. The Reader’s Digest filed for Chapter 11 for the second time in three years, with $1.1 billion in assets and $1.2 billion in liabilities.…
What Punishment for Chinese Cyber Attacks?
ThinkstockResearch firm Mandiant issued a very detailed report that shows what most securities experts at large U.S. companies and those who work for the federal government already know. China, and more particularly part of…
OfficeMax Merger with Office Depot — Creative Destruction Wins Another One
courtesy of Office DepotIf the press is correct, there is a very good chance that OfficeMax Inc. (NYSE: OMX) and Office Depot Inc. (NYSE: ODP) will merge, hundreds of stores will be closed and…
Car Sales in Europe Almost Disappear
courtesy Ford Motor Co.The number of cars sold in Europe reached a historic low in January, and there is not a bit of evidence that the situation will improve soon. The storm that this…
Detroit Goes Under
courtesy of Adrian Pingstone, via Wikimedia CommonsDetroit will go under, probably in a matter of weeks. In this case, the end can be defined as the appointment of an emergency financial manager by Michigan Governor Rick…
Media Digest (2/19/2013) Reuters, WSJ, NYT, FT, Bloomberg
courtesy of Facebook Inc.A Chinese military operation may be the source of many of the major hacks on U.S. cyber interests. (Reuters) Burger King Worldwide Inc. (NYSE: BKW) takes its Twitter account offline after…
An IRS Warning About Choosing Tax Preparers
ThinkstockThe IRS has decided to state the obvious. If someone other than yourself prepares your taxes, make sure the person (or firm) is not a fake, fraud or dishonest. In an announcement, the agency’s…
District of Columbia and Hawaii Have Largest LGBT Populations — Gallup
ThinkstockIn an odd bit of research, Gallup has reported that states that have the most and least lesbian, gay, bisexual or transgender people. The polling firm reports that: The percentage of U.S. adults who…
A Building Wave of Mergers and Acquisitions?
ThinkstockFinancial reporters and editors at The New York Times believe that the Warren Buffett takeover of H.J. Heinz Co. (NYSE: HNZ), as well as leverage buyout deals like the pending one for Dell Inc.…
24-Hour Stock Trading
Frank Golhen, via Wikimedia CommonsNasdaq OMX Group Inc. (NASDAQ: NDAQ) has asked the Securities and Exchange Commission to allow it to process trades as early at 4 a.m. Although some U.S. equities are traded…
Taking J.C. Penney Private
courtesy J.C. Penney Co. Inc.Now that nearly every public company in trouble appears to be a potential target for a leveraged buyout (LBO), J.C. Penney Co. Inc. (NYSE: JCP) has a chance to restructure…
HP Soars as PC World Implodes
courtesy of Hewlett-PackardWall St. must see something in Hewlett-Packard Co. (NYSE: HPQ) that has been missing for years. HP shares have risen 30% over the past three months, despite a string of bad news…
What’s Important in the Financial World (2/15/2013)
ThinkstockAn IRS Warning The IRS has decided to state the obvious. If someone other than yourself prepares your taxes, make sure the person (or firm) is not a fake, fraud or dishonest. In an…
Media Digest (2/15/2013) Reuters, WSJ, NYT, FT, Bloomberg
thinkstockThe Buffett buyout of H.J. Heinz Co. (NYSE: HNZ) may usher in a new age of M&A. (Reuters) Large hedge funds sell off shares of Apple Inc. (NASDAQ: AAPL). (Reuters) Apple’s search technology suit…
Icahn Buys Nearly 13% of Herbalife (HLF)
Carl Icahn filed documents with the SEC which show he owns just short of 13% (12.98%) of Herbalife (NYSE: HLF). The news pushed shares up by as much as 20% after hours. The actual parties holdings…
The Biggest Brands Advertising on Illegal Websites
ThinkstockBy: Dennis Kneale / FOXBusiness Some of the biggest brands in the world are paying to advertise on the digital-piracy Web sites that draw millions of consumers and gut the profits of Hollywood studios…