Walmart Management In Trouble, As Mexico Probe Widens
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…
All Work
Douglas A. McIntyre
Eurozone Manufacturing Drops
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…
Walmart Needs a Female CEO
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…
Who Would Replace Walmart’s CEO and Its Chairman?
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…
Approval of German Leadership Ties U.S.
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 Appoints Weak CEO Search Committee as Chairman Lurks
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…
Fed Hammers Citi with Buyback Rejection — WSJ
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…
Today’s Best Market Rumors (4/20/2012) Dewey & LeBoeuf Chapter 11?
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 Assets Rise to Record as Risk Appetite Returns
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…
As Internet Video Activity Grows, the Search for Profit Continues
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…
Young Women, Eager for Careers, Still Face Wage Gap
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…
What’s Important in the Financial World (4/20/2012) French Elections, iPhone 5, Ford in China
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…
Media Digest (4/20/2012) Reuters, WSJ, NYT, FT, Bloomberg
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 Surges
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…
iPhone 5 In October
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…
It’s Over For France’s Nicolas Sarkozy
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.…
IMF Stuggles With BRICS
CIA World FactbookThe amount the IMF 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…
Ford Expands In China
Ford (NYSE: F) plans to increase it production facilities and dealer outlets in China two-fold by 2015. The No. 2 US car firm said it would build a $760 million auto assembly plant in…
German Confidence Up in April
Germany continues to be the financial cornerstone of Europe because of the size of its gross domestic product and its continued economic growth. It is fair to say that the ability of the European Union…
Executive Pay Up 14% in 2011
The data is from a major union, and, therefore, may have a bias against chief executives. Numbers can be bent. The AFL-CIO reports that CEO pay rose 14% last year: According to data released…