Archive for the ‘Business’ Category
Monday, August 10th, 2009
Bank of America has been getting some better news lately, but the company isn't out of the woods just yet. As the company proved recently, there are still many challenges in their core US operations mainly related to consumer and business credit quality.
In the quarter ended June 30, BAC ...
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Monday, July 20th, 2009
AMD is a distant second in the cpu business and their newest earnings report is expected to show that.
Even though market leader Intel announced better than expected numbers for the quarter, the industry is still in the midst of a slump. AMD is expected to announce earnings ...
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Wednesday, April 22nd, 2009
David Kellermann, the acting CFO for the mortgage company Freddie Mac (NYSE:FRE) was found dead at his Reston, Virginia area home today.
It's believed that the 41 year old chief financial financial officer committed suicide by way of hanging. No signs of foul play were found.
Kellermann began his career with ...
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Tuesday, April 21st, 2009
Board members are nervous as the US government will soon become the largest shareholder of the New York City banking giant Citigroup (NYSE:C). They have a right to be nervous, considering the type of performance the company has been turning in for the last few quarters. In the ...
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Wednesday, April 15th, 2009
New CEO Carol Bartz is not timid about wielding her axe to cut costs at former internet high-flyer Yahoo. The cuts are expected to be announced next Tuesday, when YHOO also releases earnings for the first quarter of 2009. According to the New York Times, several hundred jobs ...
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Wednesday, March 18th, 2009
The Chinese government has ruled against a $2.4 billion takeover of local juice giant Huiyuan Juice.
China's Ministry of Commerce decided against the deal, saying it would limit Chinese consumer choice. The deal would have been the largest ever takeover of a Chinese company.
"We are disappointed, but we ...
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Thursday, March 12th, 2009
Just how unpopular is Citigroup these days? The company was the victim of two bombing attacks engineered by a Greek terrorist group that blamed them for causing the international banking crisis. Apparently the Revolutionary Struggle of Greece is not alone in their hatred of Citigroup, a company that's ...
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Sunday, March 8th, 2009
Monsanto, (NYSE:MON) a leading agriculture business that specializes in crop seeds, biotechnology, agricultural chemicals and other products, will be recognized as an S&P 100 company.
Monsanto replaces TYCO, (NYSE:TYC) a diversified International company that sells various types of safety equipment including electronic security to breathing apparatus. TYCO is in the ...
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Thursday, February 26th, 2009
Bank of America investors have been suffering from severe mood swings lately. Based on concerns that the bank would be nationalized, huge volumes of the market cap have disappeared as everyone waits to see which way the regulatory winds will blow. Ben Bernanke seemed very clear that the ...
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Thursday, February 26th, 2009
General Motors lost a few bucks in 2008. Okay, that's a bit of an understatement. For the fiscal year ending December 2008 the Detroit auto manufacturer lost $30.9 billion. Not only is losing money the main business of GM these days, it's an expensive one. ...
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