Just because certain products have a low price tag does not mean they cannot sell for billions of dollars. In fact, some of the cheapest products make the most money for their…
The US Food and Drug Administration said today that five samples of Brazilian orange juice and six samples from Canada tested positive for the banned fungicide carbendazim. The agency did not release…
The US Food and Drug Administration (FDA) has found no traces of an illegal-in-the-US fungicide in orange juice imports. Results of 19 tests have so far revealed none of the carbendazim fungicide.…
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion,…
The US Food and Drug Administration has halted all imports of orange juice into the US pending final test results on imported juice from Brazil due later this week. If more than…
Cold weather in Florida and the discovery of an unapproved fungicide in imports from Brazil have sent the price of orange juice up more than 25% in the past few days. The…
Updated throughout the day. Pepsico (NYSE: PEP) may cut 4,000 jobs (NY Post) Eastman Kodak (NYSE: EK) is close to a Chapter 11 filing (WSJ) Japan Air will raise $6.4 billion in…
Eastman Kodak (NYSE: EK), established nearly 140 years ago, soon may declare Chapter 11. It is burdened by debt, loses money and has been unable to license most of its 1,100 patents. It…
The primary reason, it is often argued, that China is an important market for many large U.S. companies is that its population has doubled since the early 1960s. But the whole picture…
Most U.S. research analysts do not make research calls the day after Thanksgiving but these are a few analyst upgrades, downgrades, and initiations seen from Wall Street research calls this morning. NYSE…
Stocks got off on a positive note this morning, but resisted the temptation to climb based on a positive reading of the leading econonmic indicators and higher estimates of US GDP growth…
The soda industry has a problem. Some of the industry’s largest selling and most famous brands have lost well over a third of their sales in the last decade. When those brands…
These are some of Friday’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls. Annaly Capital Management, Inc. (NYSE: NLY) Cut to Market Perform at KBW. Aruba Networks, Inc. (NASDAQ:…
The super committee makes no significant decisions on the budget deficit. (Reuters) The largest shareholder in Olympus cuts its position. (Reuters) Google (NASDAQ: GOOG) launches its new music service. (Reuters) Germany and…
Reports that Coca-Cola Company (NYSE: KO) is set to invest up to $2 billion in India over the next five-year period brings up an interesting question regarding its arch-rival Pepsico Inc. (NYSE:…
