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Ackman Loads Up on Burger King (BKW)

In an SEC filing dated today, Pershing Square Capital Management L.P. chief William Ackman revealed ownership of 41,922,908 shares of newly public Burger King Worldwide Inc. (NYSE: BKW). Ackman is a well-known hedge fund…

Paul Ausick · 14 years ago

Burger King Back to NYSE (BKW, MCD, YUM)

After a couple of years as a privately held company, Burger King Worldwide Inc. (NYSE: BKW) will trade publicly again, beginning today on the New York Stock Exchange. There is no IPO, however, and…

Paul Ausick · 14 years ago

Walgreens Going Global

The largest drug store chain in the US, Walgreen Co. (NYSE: WAG) announced today that it has agreed to take a 45% stake in Swiss-based Alliance Boots GmbH, the world’s largest pharmacy-led health and…

Paul Ausick · 14 years ago

JCPenney CEO About to Be Shown the Door

The media was full of stories about the unexpected departure of JCPenney (NYSE: JCP) president Michael R. Francis. Nearly everyone who watches the retailer wonders how a man with his background — a former senior…

Douglas A. McIntyre · 14 years ago

Research Call: Best Buy Bottomed Out (BBY, RSH, AMZN)

Best Buy Co. Inc. (NYSE: BBY) may have finally seen the bottom.  That is at least what one analyst is calling today.  Today’s rating change shows an upgrade at Citigroup to “Neutral” from a…

Jon C. Ogg · 14 years ago

RadioShack, Left For Dead, Dies

RadioShack (NYSE: RSH), at 90 years old, operates in over 7,200 locations. Even with those advantages, the company might as well fold. The company stands as a fine example of how better-run competitors and…

Douglas A. McIntyre · 14 years ago

McDonald’s Sales Rise, EPS Forecast Falls

Global same-store sales for McDonald’s Corp. (NYSE: MCD) rose 3.3% in May, led by a jump of 4.4% in the US and 2.9% in Europe. The company’s Asia/Pacific, Middle East and Africa region posted…

Paul Ausick · 14 years ago

Best Buy Founder and Chairman Quits

The founder and board chairman of Best Buy Co. Inc. (NYSE: BBY), Richard Schulze, resigned today, just more than a month before his previous plan to step down as chairman at the company’s annual…

Paul Ausick · 14 years ago

Downward Dog At Lululemon

lululemonLululemon Athletica Inc. (NASDAQ: LULU) is in the downward dog position this morning after earnings and guidance disappointed.  The yoga and exercise-themed retail and product maker said that its quarterly profits rose to $46.6…

Jon C. Ogg · 14 years ago

The Starbucks-Green Mountain Theme (SBUX, GMCR)

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) hit a new two-year low earlier this morning but Starbucks Corporation (NASDAQ: SBUX) may be coming to the rescue.  The hope is that Green Mountain’s K-Cups will…

Jon C. Ogg · 14 years ago

Shareholders Just Don’t Care About Wal-Mart Scandal

Wal-Mart Stores Inc. (NYSE: WMT) is in a bit of a strange situation due to its bribery scandal in Mexico.  As the news headlines seemed rather shocking at the time, Wal-Mart’s stock is now…

Jon C. Ogg · 14 years ago