Category: Corporate News
The analysis published under this category are as follows.
Thursday, February 02, 2012
Carnival After the Costa Concordia Disaster, Buy, Sell or Hold? / Companies / Corporate News
By: Money_Morning
Jack Barne writes:
Carnival Corp. (NYSE: CCL) is the world's largest provider of vacation cruises operating under the names Carnival Cruise Lines, Holland America Line, Princess Cruises, and Seabourn in North America; and AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, and P&O Cruises in Europe, Australia, and Asia.
Thursday, December 22, 2011
End Your Exposure to this Eurozone Debt Crisis Victim / Companies / Corporate News
By: Money_Morning
Jack Barnes writes:
Around this time last year I warned you that the Eurozone debt crisis would trample the Italian economy and take carmaker Fiat S.p.A. (PINK: FIATY) down with it.
To profit from this debacle, I told you to short Fiat. Since then, the stock has tumbled 76%, from $19 a share to yesterday's (Wednesday's) closing price of $4.66.
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Wednesday, November 23, 2011
Don't Let the Active IPO Stock Market Fool You / Companies / Corporate News
By: Money_Morning
David Zeiler writes:
Although last week was the most active for the initial public offering (IPO) market since 2010, don't expect it to be the start of a sustained wave of IPOs and a rally among volatile U.S. stocks.
Encouraged by Groupon Inc.'s (NYSE: GRPN) successful IPO Nov. 5 as well as the October rebound in the stock markets, eight stocks went public last week. They include such well-known names as Angie's List Inc. (Nasdaq: ANGI) and Delphi Automotive PLC (NYSE: DLPH).
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Tuesday, November 01, 2011
Regulators Searching MF Global for Millions in Missing Customer Funds / Companies / Corporate News
By: Jesse
Do you know where your account funds or assets owned through ETFs really are? Do the regulators and overseers of the markets? Do they care, or just look the other way?
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Friday, June 10, 2011
A Brief View: Some Of Wall Street’s Big Players / Companies / Corporate News
By: LiveCharts
Today Wall Street celebrates an abrupt end to the declines across all markets. Mainly this was due to the increase in exports that were reported, however many commentators had stating it was due a bounce at some point. With that bounce in mind let’s take some time to review a few of our favorite big fish and their statistics.Read full article... Read full article...
Sunday, June 05, 2011
The Next Stock Market Bubble is Forming Right Now / Companies / Corporate News
By: Jared_Levy
The mass media is obsessed with bubbles. They see market bubbles everywhere, like in crude oil, soft commodities or China... Granted, there are some serious issues with all three, especially with China and its consumption of the other two.
Thursday, April 07, 2011
Will The Internet Play An Increasing Role In Corporate Governance? / Companies / Corporate News
By: Submissions
Ian R. Campbell writes: I received an e-mail a few days ago from a Stock Research Portal subscriber who obviously had spent time researching my work history and reading my daily commentaries. His e-mail dealt with the proposed Plan of Arrangement (the 'Plan') announced March 14 pursuant to which Century Mining Corp. ('Century') shareholders would exchange their shares for shares of White Tiger Gold Ltd. ('White Tiger'). About the Plan, he said: "We as minor shareholders need some credible press on this and since I have been reading your writing for a couple years, I trust you to take a real look past the surface, at the truth. Ian, its not right, its not fair and I am trying to do something about it, will you help".
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Monday, April 04, 2011
Toyota Motor Corp Needs to Rebuild from Supply Chain Collapse / Companies / Corporate News
By: Money_Morning
Jack Barnes writes:
Toyota Motor Corp. (NYSE ADR: TM), one of the largest manufacturing companies in the world, has offered strong periods of growth from which investors have profited.
However, today it is a "Sell" - and is likely headed toward a long-term redevelopment of its core company structure (**).
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Sunday, April 03, 2011
Buffettgate: Berkshire Hathaway's Problem at the Top / Companies / Corporate News
By: Janet_Tavakoli
Suppose I took a call from a banker-friend at Citigroup on December 13, 2010, and he informed me that he had just observed other Citi bankers meeting with David Sokol, an executive of Berkshire Hathaway and possible successor to Warren Buffett, the CEO. He discovered Sokol expressed interest in a company called Lubrizol and requested a meeting with the company's president.
Tuesday, March 29, 2011
U.S. Companies Spending Record-High Cash Piles On Everything But Jobs / Companies / Corporate News
By: Money_Morning
Kerri Shannon writes:
U.S. companies have started to spend their record high piles of cash, but most won't be using it to boost hiring.
Since the credit crisis, U.S. companies have collected about $940 billion in cash. Per-share profit surged 36% in 2010, the biggest jump since 1988, and companies cut capital expenditures 26% in 2009 to compensate for the ailing economy.
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Friday, March 11, 2011
Amazon Threatened by Sales Tax Dilemma / Companies / Corporate News
By: Money_Morning
David Zeiler writes: If state legislatures across the country get their way, Amazon.com Inc.'s (Nasdaq: AMZN) 16-year holiday from collecting sales tax will come to an end - with unpleasant consequences for the online retailer.
The U.S. Supreme Court in 1992 established that only retailers with a physical presence (called "nexus") in a given state are required to collect a sales tax from their patrons. But with state budgets being squeezed, more and more legislatures are trying to rope in online retailers - especially Amazon, a company that was specifically engineered to profit from the Supreme Court's ruling.
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Thursday, December 16, 2010
U.S. Companies Hoarding $1.93 Trillion in Cash / Companies / Corporate News
By: Money_Morning
Don Miller writes:
U.S. corporations are piling up cash at the fastest rate in half a century. But instead of signaling a new wave of spending, that cash pile may mean tough times ahead.
Non-financial companies in the United States had stacked up $1.93 trillion in cash and other liquid assets at the end of September, up from $1.8 trillion at the end of June, the U.S. Federal Reserve said Thursday. Cash made up 7.4% of the companies' total assets -the largest chunk since 1959.
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Tuesday, December 14, 2010
A Bitter Coffee Divorce: Kraft v. Starbucks / Companies / Corporate News
By: Dian_L_Chu
When a corporate partnership deal turns sour, it has every bit of the drama as a high profile Hollywood celebrity divorce. The verbal clashes between Starbucks (SBUX) and Kraft (KFT) have been escalating over the past month or so. Then, after a failed private resolution (Starbucks offered Kraft $750 million in August), on Monday Dec. 6, Kraft took the fight to court seeking an injunction to stop Starbucks from unwinding a 12-year partnership.
Tuesday, November 23, 2010
The Cadmium Curse of Coca-Cola / ConsumerWatch / Corporate News
By: Pravda
Coca-Cola is withdrawing 22,000 collectible glasses from the US market. The paint, which the world's larges producer of soft drinks used for its glasses, contained toxic cadmium. The concentration of the cancerous substance is very insignificant; it does not pose any danger to consumers, company officials claim.
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Wednesday, September 29, 2010
The Lights Have Officially Gone Out In the US / Companies / Corporate News
By: Graham_Summers
Here’s a news story that summates the US economy’s problems rather well:
The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s.
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Wednesday, September 22, 2010
Toyota's Troubles Double as China Threatens Action / Companies / Corporate News
By: Pravda
Misfortunes of Japanese automaker Toyota Motor Corp continue. Chinese authorities are threatening to fine the group for bribing dealers. The company, providing cheap loans to three of its dealers, forced them to issue loans to buyers not through the banks of the country, but directly through Toyota. The amount of the fine is 140 thousand Yuan ($20 thousand 650). Damages will amount to 426.3 thousand Yuan ($65 thousand 500).
Thursday, September 09, 2010
HP Is Right To Sue Mark Hurd / Companies / Corporate News
By: Dian_L_Chu
Hewlett-Packard Co. slapped Mark Hurd, the CEO it ousted last month, with a law suit soon after rival Oracle Corp. named Hurd as Co-president and Director. HP claims that Hurd cannot perform his job at Oracle without violating a confidentiality agreement.
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Wednesday, August 18, 2010
In Defense of the Hewlett Packard Board to Vote Out Mark Hurd / Companies / Corporate News
By: Static_Chaos
The HP board has taken a lot of heat for their decision to vote out CEO and Chairman Mark Hurd. But the HP board had no other choice in the matter. Some of the confusion surrounding the Mark Hurd saga is the fact that the media is looking for some bigger story than there actually is, after all, controversy sells in their business. Moreover, Mark Hurd who is trying to conduct spin and damage control to save his future corporate career is making a pretty clear cut, necessary, and deserved firing look more mysterious than it actually is. This is a no-brainer, and every board, including Larry Ellison`s would have come to the same conclusion: namely, Mark Hurd had to go.
Sunday, August 15, 2010
Hewlett Packard's Hurd Crisis Creates A Value Investment Play / Companies / Corporate News
By: Dian_L_Chu
Hewlett-Packard Company (HPQ) has had a bad week since the announcement that Mark Hurd was resigning. HPQ stock is currently sitting at $40.40, just off the 52 week low of $39.95 established on Thursday after Cisco`s CEO John Chambers gave tempered guidance for the tech bellwether. (See chart)
Thursday, July 01, 2010
The Surprising Opportunity behind Tesla Motors IPO / Companies / Corporate News
By: Q1_Publishing
There are few sectors as volatile, risky, yet as potentially lucrative, than initial public offerings (IPOs).Every time a company turns to the public markets to raise cash, it’s either a boom or bust. Very rarely are they ever just flat.
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Tuesday, June 22, 2010
China’s Foxconn Will Hurt the Global Economy More Than the BP Oil Spill / Companies / Corporate News
By: Money_Morning
Martin Hutchinson writes: Before this month, chances are pretty good that you'd never even heard of Taiwan's Foxconn International Holdings (PINK ADR: FXCNY). And yet, Foxconn is one of the world's most important manufacturers.
Given that the formerly anonymous giant is now at the forefront of the zooming escalation in labor costs that's currently taking place in Mainland China - and given the enormous implications of the inflationary pressures that will result - chances are excellent that Foxconn will have a bigger effect on the world economy this year than even BP PLC (NYSE ADR: BP).
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Thursday, May 06, 2010
The Oil Slick Cover-up: BP's Crude Politics and the Looming Environmental Mega-Disaster / Politics / Corporate News
By: OilPrice_Com
We have been informed by sources in the US Army Corps of Engineers, Federal Emergency Management Agency (FEMA), and Florida Department of Environmental Protection that the Obama White House and British Petroleum (BP), which pumped $71,000 into Barack Obama's 2008 presidential campaign -- more than John McCain or Hillary Clinton, are covering up the magnitude of the volcanic-level oil disaster in the Gulf of Mexico and working together to limit BP's liability for damage caused by what can be called a "mega-disaster."Read full article... Read full article...
Wednesday, April 14, 2010
iPad Proves It’s Not What Apple Sells, It’s How Apple Sells It / Companies / Corporate News
By: Money_Morning
Kerri Shannon writes: Apple Inc.'s (Nasdaq: AAPL) iPad has lived up to the hype, garnering rave reviews and meeting sales expectations. That success is particularly impressive because previous attempts by other companies to launch similar products were met with abject failure.
Saturday, January 23, 2010
Forbes Wins Domain Name Lawsuit Against Russian Travel Agency / Companies / Corporate News
By: Pravda
Forbes magazine won by court action the right for forbes.ru domain name. The magazine may now receive a record large compensation for the violation of trademark rights on the internet. The compensation can be the largest in Russia’s judicial practice, The Vedomosti newspaper wrote.
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Thursday, January 07, 2010
Buffett Reminds Wall Street That Shareholders Come First / Companies / Corporate News
By: Money_Morning
Martin Hutchinson writes: A decade ago, investing guru Warren Buffett helped torpedo a $15.3 billion Coca-Cola Co. (NYSE: KO) bid for Quaker Oats Cos., arguing that the terms were lousy and the proposed price way too high.
Tuesday, December 15, 2009
Apple Declares War on Nokia / Companies / Corporate News
By: Pravda
Apple declared war on its European competitor, Nokia. Finland’s world-known cell phone maker previously sued Apple over the supposed use of its patents. In return Apple accused Nokia of plagiarism and the use of 13 of its technological developments.
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Sunday, September 06, 2009
Google Granted Patent for Home Page / Companies / Corporate News
By: Nadeem_Walayat
Google the arch sharer of everyone else's intellectual property is not so keen to share its own ideas as a patent of its home page was approved on 1st of September.
The patent filed 5 years ago specifically covers the 2004 home page layout.
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Tuesday, July 28, 2009
SKY Broadband Is a Joke, Real Speed 1/10th Advertised / Companies / Corporate News
By: Nadeem_Walayat
Ofcom has today published the results of speed tests across Britians broadband suppliers that reveals that all broadband suppliers fall short against advertised speeds, where typical speeds tend to average at LESS than half that advertised. However real consumer speeds tend to fall further far short as Ofcom's speed test ignored the impact of wireless home networks run off of broad supplier routers, which can result in a further degradation of service.
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Saturday, July 04, 2009
British Telecom Offers Staff a Year Off Work at 25% of Pay / Companies / Corporate News
By: Nadeem_Walayat
The recession is forcing British Telecom, Britians largest telecom provider to offer some of its staff the option of taking a year off work at 25% of full time pay, as an alternative to further redundancies in an attempt to cut costs and ride out the recession which follows a heavy first quarter loss of £1.3 billion, with similar projected loss for the 2nd Quarter of 2009.
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Tuesday, June 23, 2009
Kodak to Take Kodachrome Away / Companies / Corporate News
By: Mike_Shedlock
The Wall Street Journal is reporting Kodak to Take Kodachrome Away.
Kodachrome, the storied camera film that has documented historic events and everyday lives since the Great Depression, is about to fade into oblivion.Read full article... Read full article...
Tuesday, June 02, 2009
GM’s Bankruptcy and Changes to the Dow Jones Stock Market Index / Companies / Corporate News
By: Money_and_Markets
Nilus Mattive writes: The bankruptcy of General Motors isn’t surprising … in fact, Martin repeatedly warned Money & Markets readers — for years — that it was coming.
Wednesday, May 20, 2009
Breaking Market News: General Electric (GE), Verizon Communications (VZ), American Express (AXP), Bank of America (BAC) / Companies / Corporate News
By: Oakshire_Financial
General Electric Co. (GE) says that it has no need to raise additional capital in the debt markets for the remainder of the year. Chief Executive Officer Jeff Immelt, who is head of the largest U.S. conglomerate, hinted that funding needs in 2010 could also be established within the year as well.
Tuesday, April 28, 2009
Sirius Satellite Radio: Seriously Down and Going Lower / Companies / Corporate News
By: Mike_Stathis
It’s a bit funny to see that the SIRI stock pumpers are still at it, despite facing nothing but absolute humiliation after making ridiculous claims and clinging onto their delusions of grandeur as the stock collapsed by over 95% after merger with XM.
Tuesday, March 31, 2009
IBM's Secret Formula for Offshoring Jobs and Maximising Tax Breaks / Companies / Corporate News
By: Mike_Shedlock
Inquiring minds are noting IBM files for patent on offshoring jobs .As IBM was firing thousands of American workers last week, the U.S. Patent and Trademark Office published Big Blue's application to copyright a computerized system that calculates how to offshore jobs while maximizing government tax breaks.
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Monday, November 17, 2008
Citigroups Survival in Doubt as 50,000 Jobs Cut / Companies / Corporate News
By: Captain_Hook
In yet another round of massive financial layoffs, Citigroup plans to cut about 50,000 jobs .
Citigroup's layoffs are the latest in a brutal round of job cuts across the financial industry. The cuts have been sparked by unprecedented losses due to bad credit investments, as well as the subsequent precipitous drop in banking and other financial-services business amid the worst economic conditions in 70 years.
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Wednesday, September 24, 2008
Hedge Funds Drive Britain's Biggest Mortgage Bank Towards the Edge of Collapse / News_Letter / Corporate News
By: NewsLetter
September 17th , 2008 Issue #26 Vol. 2Dear Reader,
Hedge funds over the last 3 days have been in relentless pursuit of Britain's biggest mortgage bank, Halifax Bank of Scotland (HBOS) as the next bank to be pushed over the credit crisis and housing bear market cliff, amidst an atmosphere of global defaults in the wake of Lehman's collapse on Sunday. In emergency action both sanctioned and sponsored by the Bank of England saw Lloyds TSB step in to buy the Bank before the Government was forced to step in and rescue the bank much as happened following the Northern Rock bust in September 2007. Only at that time the Bank of England in a huge unforgivable blunder that destroyed much of the central banks credibility, PREVENTED Lloyds TSB from taking over Northern Rock.
Saturday, September 13, 2008
Boeing Under Pressure From Union Strike Action as Recession Looms / Companies / Corporate News
By: Mike_Shedlock
Going on strike just as the global economy is headed into a recession is simply not a good idea. But that is exactly what happened to Boeing. On September 6th Boeing Machinists Start Strike, Jeopardizing 787 Plan .Sept. 6 (Bloomberg) -- Boeing Co.'s machinists went on strike today, seeking improved pay and job security as the planemaker benefits from record orders and tries to keep its 787 Dreamliner schedule from slipping further.
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Wednesday, August 06, 2008
S&P500 Corporations Board and Executive Compensation Payments / Companies / Corporate News
By: Richard_Shaw
Executive compensation and board largess with high paid executives is a hot topic recently. That spurred us to look comprehensively at some factual comparative data on the total cost of boards of directors and top executive teams among the S&P 500 companies (proxy SPY or IVV).
For that purpose, we utilized the corporate governance database provided by The Corporate Library ( www.TheCorporateLibrary.com ) which tracks corporate actions, including executive compensation, and ranks public companies on several dimensions of corporate governance.
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Tuesday, July 29, 2008
Bennigan's Restaurant Chain Is Bankrupt, Faces Chapter7 Liquidation / Companies / Corporate News
By: Mike_Shedlock
The Wall Street Journal is reporting Bennigan's, Steak & Ale Close, File for Bankruptcy Protection .National restaurant chains Bennigan's and Steak & Ale have closed their doors and filed for Chapter 7 bankruptcy protection, shuttering more than 300 locations and letting go of thousands of employees.
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Saturday, October 13, 2007
Deal to End UK Royal Mail Postal Strike / Companies / Corporate News
By: Sarah_Jones
Union and Royal Mail Management announced a deal on Friday that looks set to bring the highly damaging postal strike to an end that has seen chaos in the UK's postal system for near 2 weeks. However details of the deal have yet to be presented to the Unions Executive on Monday.
Monday, October 08, 2007
Asda Supermarket Milk Going Bad Early / ConsumerWatch / Corporate News
By: N_Walayat
In my experience over several weeks, the Milk being sold by Asda at its Sheffield store is consistently going off before the sell by date.Read full article... Read full article...
Sunday, October 07, 2007
Citibank £10billion Loan Facility and Potential Take Over of Northern Rock Bank / Companies / Corporate News
By: Phillipa_Green
Citibank in prelude to a potential take over bid for Northern Rock bank agreed to provide the troubled bank with a £10 billion loan facility.Read full article... Read full article...
Wednesday, March 28, 2007
Whistleblower reveals car giant Renault's cover-up to Watchdog / ConsumerWatch / Corporate News
By: Sarah_Jones
Car manufacturer Renault is tonight, accused by one of its own staff of deliberately downplaying a serious design fault that causes the bonnet of some cars to open while they're on the road.
In an interview for BBC One 's Watchdog – to be broadcast tonight at 7.30pm – the company's former PR manager Graeme Holt reveals he left Renault because of their handling of the issue.
"I think it's been disgraceful quite frankly," he told the programme. "It doesn't get more serious than putting your customers' lives in danger."
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Thursday, January 25, 2007
Ford car giant announces record loss of $12.7 billion / Companies / Corporate News
By: Phillipa_Green
Ford Motor Company, the once mighty car giant announced a slump in sales in the fourth quarter of 2006, resulting an a record loss of $5.8 billion, raising the year to date loss to $12,7 billion, by the far the largest in the companies 100 year history. Nearly doubling the previous record reported during the depths of the 1992 recession of $7 billion. The loss amounts to an estimated $2000 for every vehicle sold.
Monday, September 25, 2006
Class Action suit hits Tobacco Companies / Companies / Corporate News
By: Shahla_Walayat
In a big blow to Tobacco companies, a federal judge on Monday granted class action status to tens of millions of "light cigarette" smokers for a potential $200 billion lawsuit against cigarette makers.
U.S. District Judge Jack Weinstein in Brooklyn made the ruling on a 2004 lawsuit that alleges Philip Morris, R.J. Reynolds Tobacco, Lorillard Tobacco Co. and other defendants duped smokers, and responded to consumers' mounting health concerns with a campaign of deception designed to preserve revenue.
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