Category Archives: Corporate

Amazon earnings OK, but stock slides 10%

By doris | Published: February 1, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Amazon’s fourth-quarter sales results weren’t awful, but investors went ahead and punished the stock severely anyway. Amazon (AMZN, Fortune 500) earned $177 million, or 38 cents per share for the holiday quarter that ended December 31 — more than double the 17 cents per share that analysts [...]

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Macy’s sues Martha Stewart Living for breach

By doris | Published: January 24, 2012

Full Story at msnbc.com NEW YORK — Macy’s Inc is suing Martha Stewart Living Omnimedia Inc, accusing the company of breach of contract for entering into an agreement to sell certain products to J.C. Penney Company Inc. Macy’s says Martha Stewart Living granted it the exclusive right to make and sell certain products under a [...]

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‘Hillbillies” Elly May settlin’ suit over Barbie

By doris | Published: January 3, 2012

Full Story at msnbc.com The actress who played tomboy Elly May Clampett on 1960s television show “The Beverly Hillbillies” has settled her lawsuit against Mattel over a Barbie doll based on her character. Actress Donna Douglas, now 78, sued the toy company in May as well as the consumer products division of CBS Corp. seeking [...]

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Boeing machinists union ratifies labor deal

By doris | Published: December 9, 2011

Full Story at msnbc.com Boeing Co’s biggest labor union on Wednesday ratified a four-year contract extension, ensuring the upcoming version of the planemaker’s best-selling 737 narrowbody will be built in Washington state and likely ending Boeing’s high-profile dispute with the National Labor Relations Board. The International Association of Machinists (IAM) said 74 percent of the [...]

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AT&T braces for T-Mobile deal collapse

By doris | Published: November 25, 2011

Full Story at msnbc.com WASHINGTON — AT&T said it would take a $4 billion charge in case its takeover of T-Mobile USA fails, reflecting the dwindling chances for the deal seen as job-destroying by powerful political opponents. The telecommunications group and T-Mobile owner Deutsche Telekom, said they would continue to pursue anti-trust approval for the [...]

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Arkansas city loses two factories in one day

By doris | Published: October 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — The city of Fort Smith, Ark., got hit with a double whammy on Friday, as one factory closed down and another faced imminent demise. Whirlpool Corp. (WHR, Fortune 500) said it will shut down its factory next year, putting about 1,000 people will be out of work, [...]

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Debit card fees: Some banks say no

By doris | Published: October 28, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Many big banks are lining up to assure customers they won’t impose the debit card fees that have sparked a backlash against Bank of America. According to a person familiar with the company’s plans, JPMorgan Chase (JPM, Fortune 500), the country’s biggest bank, has decided not to [...]

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IBM CEO Sam Palmisano to step down

By doris | Published: October 25, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Sam Palmisano will step down as IBM’s CEO at the end of the year and will be replaced by longtime company executive Ginni Rometty. Palmisano’s tenure was an extremely successful one: After taking the tech giant’s reins from Lou Gerstner in 2002, Palmisano transformed the company from [...]

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McDonald’s and Chipotle earnings deliver

By doris | Published: October 22, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Shares of McDonald’s are trading at a new all-time high after the global fast food chain managed to impress with strong earnings and sales numbers across all its markets. Fast food chains tend to benefit during recessionary economic periods as many people scale back and trade down. [...]

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Wal-Mart vice chairman to retire

By doris | Published: September 27, 2011

Full Story atnews.Yahoo.com (Reuters) – Wal-Mart Stores Inc Vice Chairman Eduardo Castro-Wright, who heads the world’s largest retailer’s e-commerce and sourcing businesses, will retire on July 1 to spend more time with his family. Wal-Mart said on Tuesday it aims to name new leadership for those businesses by the end of January, after which Castro-Wright [...]

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Wal-Mart brings back layaway for holiday shoppers

By doris | Published: September 8, 2011

Full Story at  msnbc.com NEW YORK — Wal-Mart is bringing back something its customers have been asking for since the Great Recession: layaway. The world’s largest retailer, which ditched the pay-as-you-go plans in 2006, is rolling out a holiday layaway option from Oct. 17 through Dec. 16. Wal-Mart is following rivals that brought back the [...]

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Ex-Yahoo CEO will walk away with millions

By doris | Published: September 7, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — When Carol Bartz says she wishes Yahoo “only the best going forward,” she means it — her severance package leaves her with millions of dollars tied to the company’s stock performance over the coming year. Bartz pulled down a base salary of $1 million per year as [...]

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Honda recalls 1 million cars globally

By doris | Published: September 5, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Honda said Monday that it will recall 1 million cars globally to fix an electrical problem and a software glitch. The company is recalling 936,000 cars worldwide from its Fit and CR-V lines to replace the master switch for the cars’ power windows. A design flaw can [...]

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7 great Labor Day car deals

By doris | Published: September 4, 2011

Full Story at money.CNN,com Picking the right time to buy can be tricky. The deals will get better later in the year, said Jesse Toprak, auto sales analyst with TrueCar.com. But the selection gets slimmer, too. You might not find a great price on exactly the car you want if you wait too long. Labor [...]

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