Category: Corporate News
The analysis published under this category are as follows.
Monday, September 22, 2014
Tesco Super Market Giant Fast Disappearing Down a Financial Black Hole / Companies / Corporate News
By: Nadeem_Walayat
Tesco, Britain's giant supermarket chain continues in its death spiral trend towards eventually becoming a mere fraction of its former size as barely a few weeks after its latest profit warning of a 25% collapse, today we find out that its financial controllers (bankers) and accountants can't control or count anything as the management wakes up to find that £250 million of expected profits no longer exists the news of which wiped out £2 billion in market capitalisation as panicked stock holders belatedly start to jump ship as the mega-corp is literally disappearing down a financial black hole.
Sunday, August 31, 2014
Tesco Supermarket Death Spiral Latest Profits Warning and Dividend Slashed / Companies / Corporate News
By: Nadeem_Walayat
Tesco, Britian's giant supermarket chain continues in its death spiral trend towards eventually becoming a mere fraction of its former self where each quaretly report is accompanied with a new profits warning that in its latest statement cut forecast earnings further to £2.5 billion, 25% lower than last years £3.3 billion.
Wednesday, August 13, 2014
Trouble in the Global Economy? McDonald’s, Wal-Mart Say So / Companies / Corporate News
By: DailyGainsLetter
George Leong writes: Think all is well—or at least OK—with the global economy? Don’t relax too much, as that doesn’t seem to be the case. As we all know, spending drives economic growth, whether it’s from consumers, businesses, investments, or governments. Without one part or another, there would be added pressure on other areas.
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Monday, August 04, 2014
Boycott Marks and Spencers Historic Supporter of Zionism, Israel's Killing of Palestinian Children Consequences / Companies / Corporate News
By: Submissions
Boycottisrael writes: Historically, Marks & Spencer has made statements in support of Zionism. Lord Sieff, chairman and founder of M&S who died in 2001, made several statements in support of Israel’s military policies. In 1941, Sieff said that “large sections of the Arab population of Palestine should be transplanted to Iraq and other Middle-Eastern Arab States” (Jewish Chronicle, 21/09/1941). In 1990, Sieff, in a book entitled On Management: The Marks and Spencer Way, wrote that one of the fundamental objectives of M&S was to “aid the economic development of Israel.”
Thursday, July 24, 2014
Tesco Supermarket Death Spiral Accelerates as Customers HATE the Mega Brand / Companies / Corporate News
By: Nadeem_Walayat
The Tesco stock price continues to slide as Britain's mega supermarket chain continues to haemorrhage market share and profits as the discount retailers like termites have been eating into its business as the too big to know what to do next super market chain's management has been sat in their bunker looking at artificial charts and graphs that deluded them into staying the course despite earnings report after earnings report revealing an accelerating crisis. Well now Tesco takes its first steps towards finally recognising that it has a destiny with extinction by ejecting its CEO Philip Clarke, YES it is that serious! Clarke over the past 3 years took one of Britain's strongest companies and turned it potentially into the next Woolworth's! And at best a lost in the wilderness for a decade plus Morrisons.
Friday, July 18, 2014
Malaysia Airlines Management Needs Overhaul After MH17 & MH370 / Companies / Corporate News
By: EconMatters
On Thursday a Malaysia Airlines flight crashed with 295 people on board over eastern Ukraine near the Russian border, there is a high probability that the conflict in this region caused this plane to be shot down by accident. There are a myriad of scenarios of how this could happen in the confusion of what essentially has been a war zone, an area that the FAA has banned all U.S. commercial flights from flying over since April of this year. These kinds of accidents happen all the time in the confusion of military hotspots if we look back at historical records, the US even shot down a commercial Iranian flight by accident, these things happen.
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Wednesday, May 21, 2014
NQ Mobile 'Substantial Fraud'; Why Wouldn't Alibaba Lie To Make Numbers Better? / Companies / Corporate News
By: Bloomberg
In an interview with Bloomberg's Stephanie Ruhle and Alix Steel, Muddy Waters LLC Founder Carson Block said there is 'clearly an issue' with audit of NQ mobile and it is 'probable' NQ Mobile does not get unqualified audit opinion. Block went as far to say to Bloomberg Television that NQ mobile is a 'substantial fraud.'
On Alibaba, Block said "you really, as a U.S. investor, have to ask yourself, well, why wouldn't they lie to make the numbers better?"
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Wednesday, April 23, 2014
Why Mohamed El-Erian Left Pimco / Companies / Corporate News
By: Bloomberg
In his first interview since leaving PIMCO, Dr. Mohammed Aly El-Erian told Bloomberg's Betty Liu this morning that he is very surprised by the media attention he received around his departure and the reason he left was "to interact with others," to "step back", "to do something different," spend more time with his daughter and travel less.
Friday, April 11, 2014
Bill Gross to El-Erian: 'Come on, Mohamed, Tell Us Why' You Resigned PIMCO / Companies / Corporate News
By: Bloomberg
Pimco's Bill Gross spoke with Bloomberg Television's Trish Regan today and opened up about Mohamed El-Erian's departure and reflects on his personal role at the company.
Gross explained he was "extremely disappointed" in El-Erian reluctance to speak up and explain why he resigned: "He hasn't spoken up, and that's a mystery to us and quite frankly an extreme disappointment....He simply said that he wasn't the man to take the company forward. And he constantly repeated that without explaining it."
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Monday, March 31, 2014
Alibaba IPO Is Going to be Huge / Companies / Corporate News
By: Money_Morning
Kyle Anderson writes: There's still no official date set for the Alibaba IPO, but that hasn't stopped analysts and investors from speculating about the size of the company's initial public offering.
Alibaba IPOAccording to some analysts, the Alibaba IPO could raise almost as much as Facebook Inc.'s (Nasdaq: FB) 2012IPO, which raised $16 billion.
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Wednesday, February 19, 2014
Why EBay, PayPal Split is a Bad Move / Companies / Corporate News
By: Bloomberg
John Donahoe, CEO of eBay, spoke with Bloomberg Television's Trish Regan and Matt Miller about investor Carl Icahn's proposal that the company's PayPal online payments unit be split off and EBay's competition and strategy.
On how eBay and PayPal can be most successful, Donahoe said: "I continue to believe the best way is together, that eBay makes PayPal stronger. And it makes PayPal stronger by helping it grow faster, it provides more data, and it provides a strong financial foundation that will ultimately make PayPal more successful as part of eBay than separate."
Tuesday, January 07, 2014
Why AAON Should Be a Case Study in Business Schools / Companies / Corporate News
By: Profit_Confidential
Mitchell Clark writes: In the pursuit of reliability and consistency in business performance, AAON, Inc. (AAON) came through once again by reporting another record quarter.
I’m absolutely convinced that any equity market portfolio is well served by having at least some exposure to what I refer to as “old economy” types of businesses. AAON is a Tulsa, Oklahoma-based company that manufactures and sells heating, ventilation, and air conditioning (HVAC) equipment to industrial customers.
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Tuesday, December 17, 2013
This Is How You Win a Billionaires' Brawl - True Story / Companies / Corporate News
By: Money_Morning
Shah Gilani writes: There's a lucrative new trading "set-up" a lot of investors are using now. But unlike classic approaches, like "don't fight the Fed," and "the trend is your friend," there are no rules on how to play this new game.
So let's change that today.
This is the true story about two billionaires' egos, their trading games, and what happens when they clash over the same stock.
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Friday, October 11, 2013
Costco Membership Drop an Irksome Sign of Consumer Pullback / Companies / Corporate News
By: Profit_Confidential
Mitchell Clark writes: If there’s one company that has been a stalwart wealth creator on the stock market it’s Costco Wholesale Corporation (COST).
The company’s been on a roll since the mid-2000s, and up until recently, it reported excellent financial growth in its operations. But its most recent quarterly earnings came in shy of expectations and were a surprise for those who follow the business.
Sunday, September 15, 2013
The Most Dangerous Secret of Corporate America / Companies / Corporate News
By: Investment_U
Paul Mampilly writes: If you own stocks, chances are good you're being scammed by one of corporate America's biggest secrets.
It's very hard to learn unless you've seen it up close... unless you've shaken its hand.
Over my 20-plus years as a portfolio manager and stock analyst, I was exposed to this secret dozens of times. And it scared the hell out of me.
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Thursday, May 30, 2013
How Big Corporations Are Destroying the "Free Market" / Politics / Corporate News
By: Money_Morning
Garrett Baldwin writes:
As an economist, I wince whenever I hear someone say that we live in a true free market.
The reality is we live in a semi-free market where regulation stifles business and corporate money influences and distorts what would normally be a highly competitive marketplace.
And over the last two decades, the situation has only gotten worse for consumers, producers, and defenders of the so-called "free market."
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Wednesday, May 08, 2013
The Warren Buffett House of Cards / Companies / Corporate News
By: BATR
Now that the financial hype is celebrating a new all time high in the stocks, the time to exit the market may well be at hand. So what will that Oracle of Omaha do with all the insider information available from his compadre network? The business press swoons all over Warren Buffett with every report, while only a few intrepid journalists would dare write about the dark side of Wall Street’s favorite equity cheerleader. The guru of sweet heart deals floats in the rarified air of a political cronyism ongoing honeymoon. So what is likely for his Berkshire Hathaway flagship company now that the ticker is breathing on pure oxygen?
Thursday, January 31, 2013
Looking for the “Herbal” in Herbalife / Companies / Corporate News
By: Vitaliy_Katsenelson
Months before the recent Sturm und Drang surrounding nutritional-supplement maker Herbalife, my firm took a long, hard look at the company. On the surface it was a value investor’s dream: great balance sheet, high return on capital, high revenue and earnings growth, and attractive valuation. Of course, there was one problem: The validity of its multilevel marketing (MLM) pyramid structure was being questioned by some investors.
Monday, January 21, 2013
Don't Get Suckered by the Boeing Media Frenzy, Instead Potential Buying Opportunity / Companies / Corporate News
By: Money_Morning
Look for a chance to buy Boeing now.
You heard me right.
As someone who worked in the news business for nearly three decades, I've seen these kinds of media "feeding frenzies" take hold more times than I can count. They take on a life of their own - meaning that facts, logic and context can fall by the wayside.
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Friday, November 16, 2012
Corporations Making a Huge Mistake, Destroys More Value Than the Government Ever Could / Companies / Corporate News
By: DailyWealth
Dan Ferris A few weeks ago, I called Apple...
I spoke to an investor relations person about the company's massive cash hoard. She confirmed Apple has $121.3 billion in cash and securities on its balance sheet... Of that amount, a "substantial portion" of the company's cash is "indefinitely reinvested" in accounts outside the U.S.