Perhaps Americans thought they would never hear it, but the Chinese have admitted that US consumption is one of the critical engines of the Asian country’s 10% annual GDP growth rate. And,…
Wal-Mart (WMT) reported its sales and earnings for the quarter ended Oct. 31, 2007. Net sales for the third quarter of fiscal year 2008 were approximately $90.9 billion, an increase of 8.8…
Douglas A. McIntyre Wal-Mart (WMT) is giving its workers better healthcare benefits. According to The New York Times "Wal-Mart, the nation’s largest private employer, provides insurance to 100,000 more workers than it did just three…
Douglas A. McIntyre According to Reuters, News Corp (NWS) CEO Rupert Murcoch says the company is having a strong quarter. Reuters writes that Yahoo! (YHOO) has entered partnerships to expand its mobile business across Asia.…
Wal-Mart Stores Inc. (NYSE:WMT) is set to report earnings before the open on Tuesday morning. There is a discrepancy on earnings consensus, because the WSJ shows a FactSet consensus at $0.66 EPS…
Douglas A. McIntyre Wal-Mart Stores, Inc. (NYSE:WMT) just posted same-store-sales figures for October. On an ex-fuel basis the total sales came in +0.4%, which is broken down as 0.0% at Wal-Mart Stores and +2.7% at…
Douglas A. McIntyre "More than four million Chinese-made toys sold in the U.S. as Aqua Dots are being recalled after reports that children became seriously ill after swallowing beads containing a chemical that causes a…
According to Reuters, profits rose 2.7% at Toyota (TM) and the company raised full-year forecasts. Reuters writes that GM (GM) will take a $39 billion non-cash charge in Q3 Reuters reports that…
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…
PC-maker Lenovo, which bought the IBM (IBM) personal computer business, had the kind of break-out quarter that tech companies seem to be racking up with regularity now. For the three months ended…
According to Reuters, US car sales are expected to have fallen in October. Reuters writes that China has approved the trading of stock futures. Reuters reports that Google (GOOG) is in talks…
Since every other company in the world from NBC to Wal-Mart (WMT) to Amazon (AMZN) is in the video distribution, why not Best Buy (BBY)? Why not, indeed. Today the company launched…
No wonder Wal-Mart (WMT) has poor same-store sales and Circuit City (CC) is close to Chapter 11. All of the customers are moving online. According to the new comScore stats, online retail…
Douglas A. McIntyre Almost two-thirds of Americans say a recession is likely in the next year and a majority believes the economy is already faltering, according to a Bloomberg/Los Angeles Times survey. That means that…
It is a painful irony that a UK newspaper would have to point out to Americans that one of their largest companies is trying to move most of its business overseas. According…
Douglas A. McIntyre 