Category Archives: Financial

Green Mountain Coffee shares surge

By doris | Published: February 3, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Shares of Green Mountain Coffee Roasters surged nearly 25% Thursday after a stellar earnings report. After the closing bell Wednesday, Green Mountain (GMCR) reported $96 million in net income for the quarter ended in December, a 264% increase over the same quarter in the previous year that [...]

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Automakers start year with strong sales

By doris | Published: February 2, 2012

Full Story at BottomLine.msnbc.msn.com Car sales zoomed ahead in January, with many automakers reporting solid sales at the start of a year expected to show a steady gain in vehicle purchases. Chrysler, now privately held and majority owned by Italy’s Fiat, was the notable standout for the month. It posted a 44 percent rise in [...]

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Stocks trim losses, but end in red on Greek woes

By doris | Published: January 31, 2012

Full Story at Money.CNN.com NEW YORK (CNNMoney) — U.S. stocks recovered most of their lost ground Monday afternoon but struggled to pull out of the red as concerns over Greece continued to weigh on the market. Stocks started the day down about 1% after the weekend came and went without Greek leaders reaching an agreement [...]

Also posted in America, Government, Investors, Stocks | Leave a comment

Can I give my 401(k) firm the boot?

By doris | Published: January 26, 2012

Full Story at moneu.cnn.com NEW YORK (CNNMoney) — My 401(k) is managed by a brokerage firm that was busted by the SEC for fraudulent practices (although those practices weren’t related to my 401(k) plan). Still, I don’t want to invest my money with, or pay fees to, to a firm I consider unethical. For now, [...]

Also posted in 401(k), Assets, Change | Leave a comment

Housing ends year on strong note, but prices still falling

By doris | Published: January 21, 2012

Full Story at BottomLine.msnbc.msn.com The housing market ended the year on a positive note with strong sales in December, but a glut of unsold homes will likely push prices lower through much of this year, forecasters said Friday. Sales of existing homes hit an 11-month high last month and the number of properties on the [...]

Also posted in Economy, Home, Market, Money | Leave a comment

McDonald’s U.S. December sales robust: survey

By doris | Published: January 18, 2012

Full Story at news.Yahoo.com But ask them how they got that way. The employees of one McDonald’s are not happy. They have to run labor at the percent that they did before min. wage began going up. I can see them making money, but not at the way they want to cut help and run [...]

Also posted in Business, Jobs, Minimum Wage, Money, Spending | Leave a comment

Samsung Group plans record $41 billion investment in 2012

By doris | Published: January 17, 2012

Full Story at news.Yahoo.com SEOUL (Reuters) – Samsung Group, which includes Samsung Electronics Co, said on Tuesday it is raising its 2012 investment to a record $41.4 billion, underscoring the widening gulf between the dominant South Korean conglomerate and its faltering competitors. Best known for making massive investments in new technologies ahead of rivals, Samsung [...]

Also posted in Business, Computer, Factory, Money | Leave a comment

Kodak eyes bankruptcy cash from Citigroup: report

By doris | Published: January 13, 2012

Full Story at news.Yahoo.com (Reuters) – Eastman Kodak Co is in advanced talks with Citigroup Inc to obtain financing that would be used if the money-losing photography company files for bankruptcy protection, Bloomberg News said on Thursday, citing three people familiar with the matter. Advisers to Kodak are also lining up a “stalking horse” that [...]

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Foreign firms invest big in U.S. energy boom

By doris | Published: January 12, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Foreign firms, hungry to cash in on the American energy boom, have invested nearly $6 billion in U.S. gas and oil drilling in the last few weeks. Energy giants from China, France and Spain have snapped up stakes in fields in Ohio, Mississippi, Colorado and Michigan. These [...]

Also posted in Gas or Oil, Government, Investors | Leave a comment

Happy New Year? Gas prices on the rise again

By doris | Published: January 9, 2012

Full Story at money.cnn.com ATLANTA (CNN) — Gas prices in the United States increased by more than a dime over the past three weeks, the first increase seen since mid-October, according to a survey published Sunday. The average price of a gallon of regular gasoline was $3.35 as of Friday, the Lundberg Survey found. That’s [...]

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Bailout concerns mounting for federal housing agency

By doris | Published: January 4, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Concerns are growing that the Federal Housing Administration will need to be bailed out by taxpayers. The agency’s latest monthly outlook report revealed a spike in serious delinquencies for FHA-insured loans, posing a further threat to the agency’s already depleted cash reserves. According to the report, the [...]

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2011: The year of annoying fees

By doris | Published: January 2, 2012

Full Story at money.cnn.com NEW YORK (CNNMoney) — Angry Verizon Wireless customers took to chat forums and social networks on Thursday after the company said it would begin to charge customers $2 for making one-time bill payments online or by phone using a credit card. “This has seriously got to be the dumbest thing I [...]

Also posted in Airlines, Cell Phone, Fee | Leave a comment

A sad end to Saab’s story

By doris | Published: January 1, 2012

Full Story at BottomLine.msnbc.msn.com With the filing of bankruptcy papers this week it’s all over for Saab but the funeral. Or is it? Few automakers have existed so long and so close to the precipice — or shown the uncanny ability to come back from the seeming dead. But this week’s developments would suggest that [...]

Also posted in Auto, Bankruptcy | Leave a comment

Sears releases partial list of store closings

By doris | Published: December 30, 2011

Full Story at money.cnn.com NEW YORK (CNNMoney) — Sears Holdings has released a partial list of the Sears and Kmart stores set to close as a result of the company’s poor sales this holiday season. Sears (SHLD, Fortune 500) said earlier this week that it planned to close between 100 and 120 stores at an [...]

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