Filene’s Basement and parent company Syms declared bankruptcy recently. The situation is so grim that Syms will shutter all 46 locations, and 2,500 employees will lose their jobs. The company, founded in…
Grocery stores and supermarkets get whipsawed by rising prices on food commodities, rising prices from food processing companies, and rising fuel prices on one hand and higher unemployment and stagnant wages on…
In 1999, about 92% of $13.2 billion in home entertainment spending went to VHS tapes.That percentage fell to zero in 2009. In 2010, spending on DVDs, Blu-Ray discs, and streaming video totaled…
H&R Block, Inc. (NYSE: HRB) comes under fire from time to time, and this morning may be an image-changing announcement. The tax preparation service provider is going to start providing tax preparation…
Walmart (NYSE: WMT) will begin to cut hours at some of its 24-hour stores, a sign of flagging traffic as the holiday retail period begins. Walmart has been in the process of…
Eurozone officials decide on a second bailout of Greece and a larger EFSF. (Reuters) Private financial firms have positive reactions to the Obama plan to aid more homeowners with underwater mortgages. (Reuters)…
Nokia’s new Microsoft smartphone: Today will be remembered as the day that Nokia (NYSE: NOK) began an historic turnaround, or when it lost its bet on new smartphones that run the Microsoft…
The Obama administration announces a new plan to help underwater mortgage holders. (Reuters) Netflix (NASDAQ: NFLX) warns that more subscribers will cancel and shares fall 24%. (Reuters) Nearly 35% of News Corp.…
Each morning 24/7 Wall St. issued a list of some of the key analyst upgrades, downgrades, and initiations seen from Wall Street research firms. At the end of the week we review…
Slow sales of Windows keeps Microsoft’ s (NASDAQ: MSFT) revenue low. (Reuters) The Murdoch family will face voters angered about the UK paper hacking scandal at today’s annual meeting. (Reuters) Greece’s parliament…
Stocks opened down this morning following the earnings report Apple Inc. (NASDAQ: AAPL) after markets closed yesterday. Moody’s downgrade of Spain’s sovereign debt also weighed on the opening. The Consumer Price Index for…
The 2011 holiday season is very likely going to be a tale of two classes. For the well-off — those with discretionary incomes above $250,000 — spending is expected to increaseby about…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday morning. Alcatel-Lucent SA (NYSE: ALU) Cut to Underperform at Jefferies. Anadarko Petroleum…
The US Senate has passed legislation that could make it easier for the Treasury Department to hit China with sanctions as a currency manipulator. China’s response, so far, has been to tell…
Philips Electronics may be unable to shed its TV operation and will fire 4,500. (Reuters) Kinder Morgan (NYSE: KMI) to buy El Paso (NYSE: EP) for $21 billion and will save $250…
