Nestle to buy Pfizer’s (NYSE: PFE) baby food operation for $11.9 billion. (Reuters) China’s factory output rises slightly in March, but still not at levels of expansion. (Reuters) Vodafone (NASDAQ: VOD) buys Cable &…
Pfizer (NYSE: PFE) wanted out of the baby nutrition business and found a ready buyer for the division that owns its operations in that industry. There has been a rumor that Nestle has wanted the…
Gasoline prices dropped for the first time this year, according to the carefully followed Lundberg Survey . The service reports that the average price for a gallon of regular fell to $3.91 over the…
China’s manufacturing economy improved slightly in April, but is still in rough sharp. The HSBC Flash Purchasing Managers Index (PMI) was 49.1 in April. That is up from 48.3 in March. Any number below…
The pressure on Walmart (NYSE: WMT) due to a report that bribery was wide-spread in its Mexico unit may cost the most senior executives at the parent company their jobs. The New York Times…
Any economic recovery analysts and politicians might have hoped for in the eurozone will be put off for some time. PMI data for the first month of the second quarter was particularly weak. Markit…
Opinion Editorial Walmart needs to hire a woman to be its CEO in order to convince the world that it is serious about changing its old-boy network and instances of turning a blind eye…
The Walmart statement of ethics is the core of the company’s values: Each business organization Walmart operates is expected to have a complete set of policies providing guidance to associates for whatever country they are working in. Walmart also publishes several “global…
Some analysts believe that Angela Merkel saved Europe financially as Germany backed, perhaps reluctantly, bailout packages to salvage the sovereign debt value of the region’s weakest nation. Merkel has been criticized in her own country…
Best Buy’s (NYSE: BBY) board selected an astonishingly weak committee to begin the search for a new CEO after former chief executive Brian Dunn made a disgraceful exit. The committee’s opinion will not matter. Chairman and…
Citigroup’s (NYSE: C) financial situation has been poor enough that the Fed continues to question whether it can accelerate returns to shareholders with larger dividends. The WSJ reports that the Fed also rejected a…
Updated throughout the day on the 24/7 Wall St. Wire. Carlyle Group may buy South Korean group Kyobo Life Insurance for $1.8 billion (Reuters) Law firm Dewey & LeBoeuf may file for Chapter 11…
Hedge Fund Research (HFR) put out its quarterly report on assets. The data show that total investor capital allocated to hedge funds in Q1 2012 exceeded $16 billion. Because of this: otal capital invested…
Online data research firm Comscore reports that the viewership of video online continues to rise rapidly. Video Metrix service showing that 181 million U.S. Internet users watched nearly 37 billion online content videos in March, while…
A new report from Pew Research offers an odd set of conclusions. Young women are more anxious to achieve success in a high-paying career or a profession that is important in their lives than men of…
The amount the International Monetary Fund can raise, primarily to help to create a sovereign firewall for Europe, stands at $320 billion. Although, several nations have said they will help push the sum close…
BRICs want more of a say in the International Monetary Fund before they make their next contributions. (Reuters) French president Nicolas Sarkozy almost certainly will be voted out of office, raising questions about the…
State tax revenue rose in 2011. It may not be enough to save the jobs of many public sector workers as states and local government continue to austerity drives meant to offset receipts which…
The Apple (NASDAQ: AAPL) iPhone 5, which was supposed to be released in June, July, or August–depending on the rumor–will be out in October according to famous Apple watcher Piper Jaffray’s Gene Munster. He…
Polls in France show that current president Nicolas Sarkozy will serve only one term. He is about to be defeated by Socialist Francois Hollande. Hollande has said he will increase taxes on the rich.…