"Black Friday" was just a bad joke. Retail sales were good that day, but after a big pop, it has been downhill. Holiday spending dropped after that, and, in certain big specialty…
Stock Tickers: ANF, ARO, AEO, ANN, ADSK, BMRN, CA, CHS, C, COGN, CWTR, ETR, GPS, GOOG, JCG, LF, MA, MSFT, ORH, ORCL, PAS, PNWIF, PT, RIMM, JAVA, SYMC, UA, URBN Abercrombie &…
One of Gap’s (GPS) factories in India is employing children as young as 10 years-old. According to MarketWatch, "In a statement released later Sunday, Gap said it was only informed of the…
We’ve seen another blank check company IPO called OVERTURE ACQUISITION CORP. that has filed to come public via an IPO in a usual $10.00 per share/unit with an offering of 15 million…
Just yesterday and the day before, the tone was looking to be that sub-prime fallout and the recent tightening on credit was helping to squash Joe Q. Consumer in the U.S. Yesterday,…
On tonight’s Mad Money on CNBC, Jim Cramer said he is adamant of a RATE CUT from the Federal Reserve and sticking his head out waiting for it. He still thinks the…
According to Reuters, Yahoo! (YHOO) has pushed out its top sales executive and combined its sales and e-commerce units. Reuters writes that Microsoft (MSFT) has purchased a corporate group chat provider. Reuters…
According to Reuters, several Asian banks disclosed that they had exposure to US sub-prime mortgages. Reuters writes that Monster (MNST) took five days to disclose the theft of personal data on 1.3…
Today we continued to see companies announcing new or adding to existing share buyback plans. These were the main announcements, although it may be worth noting that this does not include companies…
Gap Inc. (NYSE:GPS) reported $0.21 EPS (before a $0.02 charge) on revenues of $3.69 Billion, and First Call estimates were $0.19 EPS on $3.7 Billion in revenues. Keep in mind that the…
Douglas A. McIntyre Gap Inc. (NYSE:GPS) reports earnings after today’s close, and First Call estimates are $0.19 EPS on $3.7 Billion in revenues. The coming quarter is expected to post $0.21 EPS on revenues of…
Douglas A. McIntyre Gap (GPS) same-store sales fell 7% in July. Wall St. expected a 4.9% drop. It must be that US shoppers are upset that the company hired a Canadian to be CEO. Gap…
Douglas A. McIntyre Gap (GPS) appointed Glenn Murphy, who ran a Candian drug store chain, as its new CEO. He has no clothing retail experience, but that hardly matters. Gap cannot be fixed in anything…
Douglas A. McIntyre According to Reuters, Microsoft’s (MSFT) CEO defended the company’s move heyond the desktop. Reuters writes that Amgen (AMGN) turned in better than expected results as several key drugs did well. Reuters reports…
According to Reuters, Australian conglomerate Wesfarmers bought retailer Coles for $18.8 billion, the largest buy-out in Australian history. Reuters writes that Virgin Media (VMED) is seeking a buyer, and Carlyle Group is…
