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Jon C. Ogg

IBM CEO Virginia Rometty Now Takes Chairman Role Too

It was big news when International Business Machine Corp. (NYSE: IBM) first reported that Virginia Rometty would take over as chief executive officer. It was not just that CEO Sam Palmisano was a Big Blue…

Jon C. Ogg · 14 years ago

MEMC Terminates Solar Wafer Customer

MEMC Electronic Materials Inc. (NYSE: WFR) has had no real good news heading its way in some time. Now we have news of a customer loss, or termination, as its subsidiary MEMC Singapore Pte. Ltd.…

Jon C. Ogg · 14 years ago

Potash Corp. Mine Fire Traps Workers

(Due to a publishing format issue, this story was republished from 1:00 PM EST) Potash Corp. of Saskatchewan, Inc. (NYSE: POT) is seeing its shares hold up rather well compared to a few headlines…

Jon C. Ogg · 14 years ago

Austerity Protests Rising in Madrid

Spain is starting to look more and more like Greece with protesters clashing with police in the capital. The difference is that Spain is a much more important economy to Europe and to the…

Jon C. Ogg · 14 years ago

Fitch Cuts Council of Europe Development Bank AAA Rating

Fitch Ratings has taken away another “AAA” rating. The ratings firm has now downgraded the Council of Europe Development Bank’s Long-Term foreign currency Issuer Default Rating to “AA+” from “AAA.” This may not be…

Jon C. Ogg · 14 years ago

Fed Plosser: QE3 Causes Risks of Inflation and Fed Credibility

Charles Plosser, President and Chief Executive Officer of the Federal Reserve Bank of Philadelphia is speaking to the CFA Society of Philadelphia and The Bond Club of Philadelphia today (Tuesday, September 25, 2012). While…

Jon C. Ogg · 14 years ago

The Real Staples Reorg Problem: Now No Buyout!

Staples Inc. (NASDAQ: SPLS) was initially trading higher this morning on the heels of its restructuring. The effort was supposed to have something for everyone. Cost cuts, more rapid store closures, new leadership, and…

Jon C. Ogg · 14 years ago

CFO Survey Looks Less Confident for Fall of 2012

A survey conducted by Bank of America Merrill Lynch shows that confidence in economic growth declined sharply in its latest CFO Outlook survey for the fall of 2012. Financial executives are expressing concerns about…

Jon C. Ogg · 14 years ago

Consumer Confidence Surges Back to Early 2012 Highs in September

The report on consumer confidence from The Conference Board is looking much better than expected for the month of September. Today’s Conference Board Consumer Confidence Index rose to 70.3 in September, after improving from 61.3…

Jon C. Ogg · 14 years ago

Buffett and Berkshire Hathaway Go Deeper into Media General

Media General Inc. (NYSE: MEG) has done well since Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-B) (NYSE: BRK-A) invested heavily into the company by purchasing the majority of the news and communication outfits…

Jon C. Ogg · 14 years ago

Staples Reorganizes to Reaccelerate — No Easy Button

Staples Inc. (NASDAQ: SPLS) is going to try to turn its ship around all on its own. The company has announced a formal strategic plan to accelerate growth and to better serve the needs…

Jon C. Ogg · 14 years ago

Michael Kors Secondary Share Offering Assisted by Guidance

Michael Kors Holdings Ltd. (NYSE: KORS) is cashing in on the huge gains in its share price. At least its insiders and backers are. The luxury apparel retailer has priced a previously announced secondary offering…

Jon C. Ogg · 14 years ago

Tesla Runs into Headwinds

Tesla Motors Inc. (NASDAQ: TSLA) may be in for a rough trading day on Tuesday. With headlines about lower production, the real issue is a share sale, and perhaps a change in its loan…

Jon C. Ogg · 14 years ago

Caterpillar Outlook to 2015 Disappoints

Caterpillar Inc. (NYSE: CAT) has now updated analysts as Chairman & CEO Doug Oberhelman and members of the executive team provided a long-term update for the company’s strategy and expectations for 2015. The report came…

Jon C. Ogg · 14 years ago