According to Reuters, Chuck Prince stepped down at CEO of Citigroup (C) and the bank indicated it may have to write off as much as another $11 billion. Reuters writes that shares…
Consumers International give out annual prizes for the world’s worst products. Perhaps someone from Coca-Cola (KO) showed up a the award dinner to collect its prize. According to the AFP news agency,…
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…
It looks like insider trading is becoming a big issue with state and city pension funds. North Carolina has suggested charges against the head of Countrywide Financial (CFC) And now a city…
Douglas A. McIntyre According to Reuters, several retailers cut holiday forecasts and the economy slows. Reuters writes that Chrysler has reached an accord with the UAW. Reuters reports that Boeing (BA) has delayed delivery of…
The Chinese government has rejected 47 tons of US sardines according to China’s official Xinhua News Agency. The little fish were shipped through Japan, and, according to the communists were "infected with…
Douglas A. McIntyre Simplicity Inc is recalling one million child’s cribs according to an article in The Chicago Tribune. The newspaper had been doing an investigation of the products. Made in China, they were sold…
Douglas A. McIntyre It is hard to imagine that Mattel (MAT), under pressure for recalls of toys from Chinese factories, would apologize to the Chinese government, but it has. According to Reuters, a senior company…
Douglas A. McIntyre After the huge toy recalls by Mattel (MAT), it appears that Congress has begun to uncover several other companies that believe they have dangerous products that they will have to be withdrawn…
Douglas A. McIntyre Disney (DIS) will begin to inspect toys based on characters that it licenses to large companies like Mattel (MAT). Disney does not make the toys. It does not sell them. But, to…
According to Reuters, Lehman Brothers (LEH) and National City are cutting 2,150 mortgage jobs. Reuters writes that more PC game players are beginning to use notebooks as their processing power increase. Retuers…
According to Reuters, Mattel (MAT) recalled another 800,000 toys made in China due to high levels of lead paint. Reuters writes that Intel (INTC) will respond to regulator’s questions about its joint…
Mattel (MAT) will announce another toy recall, this one involving 775,000 products which have too much lead paint. After heavy criticism from the Consumer Product Safety Commission for putting out information on…
Douglas A. McIntyre The management at Mattel (MAT) know the Consumer Product Safety Commission. According to The Wall Street Journal "manufacturers must report all claims of potentially hazardous product defects within 24 hours." But, Mattel…
Douglas A. McIntyre According to Reuters, American Blind & Wallpaper Factory Inc has dropped its long-running suit against Google (GOOG) for running ads for competitors when search results for a company appear. Reuters writes that…
