What’s Important in the Financial World (11/27/2012)
ThinkstockWriting Off Greek Debt Discussions of a bailout of Greece have turned rapidly to what kind of write-off investors may have to take on Greek debt as the International Monetary Fund and…
ThinkstockWriting Off Greek Debt Discussions of a bailout of Greece have turned rapidly to what kind of write-off investors may have to take on Greek debt as the International Monetary Fund and…
ThinkstockWhile it is too early to say which individual companies have benefited the most, holiday e-commerce sales surged past $1 billion, according to research firm Comscore. It remains likely that the normal…
Wikimedia CommonsOnce a month, research firm Comscore releases a list of the 50 largest websites in the United States by traffic. Month after month, even year after year, Amazon.com Inc. (NASDAQ: AMZN)…
ThinkstockThe gap between rich and poor is well illustrated by the large multi-billion dollar corporations employing thousands of low-wage workers. With the Great Recession over, not only are many of these companies…
U.S. equity markets opened higher this morning but quickly turned south and bounced around lower all day. In Europe, the eurozone notched its second consecutive quarter of negative GDP growth, tossing the…
courtesy of TargetTarget Corp. (NYSE: TGT) reported third-quarter 2012 adjusted diluted earnings per share (EPS) of $0.90 and $16.93 billion in revenues before markets opened this morning. In the same period a…
ThinkstockIf you have ever heard of retailers getting more and more desperate to capture your Christmas and holiday spending dollars, 2012 is going to take the cake. Two holidays have generally been considered…
courtesy of TargetTarget Corp. (NYSE: TGT) has announced plans to open its stores for Black Friday sales at 9 p.m. on Thanksgiving, Nov. 22, in an effort to offer extended hours during…
courtesy of Wal-Mart StoresWal-Mart Stores Inc. (NYSE: WMT) has decided to increase the ante as it tries to take sales away from other big-box retailers, consumer electronics chains and department stores. It…
thinkstockAs third quarter earnings results continue to pour in, overall earnings have been decidedly weaker. According to research firm Retail Metrics, the blended S&P 500 earnings growth rate for the third quarter…
Wikimedia CommonsA jury in Norfolk, Virginia, today awarded Vringo Inc. (NYSEMKT: VRNG) $30 million in patent infringement suit against Google Inc. (NASDAQ: GOOG) and several other companies. Vringo, originally a mobile phone…
U.S. equity markets opened mixed this morning as investors appear to be cautious as tomorrow’s elections get closer. Coupled with possible changes in the U.S., China will replace its leadership at its…
These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. ADT Corp. (NYSE: ADT) started as Buy at Citigroup. E.I. du Pont de…
courtesy of TargetSeveral retailers are announcing October same-store sales today, and the reports are generally good. Research firm Retail Metrics projects an overall gain of 4.6% for the month, excluding the impact…
starwars.comThe Force is Back! The Walt Disney Company (NYSE: DIS) has undoubtedly scored a major victory with its $4.05 billion acquisition of Lucasfilm. Star Wars fans will get to rejoice as the…