Category: Corporate News
The analysis published under this category are as follows.
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.