Home » Archive for December, 2013

Image for CEO of Crocs Retiring as $200 Million Stake Taken by Blackstone

CEO of Crocs Retiring as $200 Million Stake Taken by Blackstone

John McCarvel the CEO of Crocs, Inc will retire and an investment of $200 million will be made by Blackstone Group LP in the form of convertible preferred stock as the colorful plastic clog maker struggles in its attempt to regain... More of this article »
Image for Hyundai Motors Chief Stepping Down

Hyundai Motors Chief Stepping Down

John Krafick, the chief of Hyundai Motor America is stepping down. His successor will take over as CEO and president on January 1. David Zuchowski will succeed Krafick. Zuchowski joined the company in February of 2007 and is currently... More of this article »
Image for Delta Computer Glitch Creates Low Fares

Delta Computer Glitch Creates Low Fares

On Thursday, Santa was out and about with late Christmas presents courtesy of Delta Airlines. Delta acknowledged on Thursday that a computer glitch had caused tickets to become steeply discounted that were purchased online. Some of... More of this article »
Image for Retailers Hope Discounts Post Christmas Will Help

Retailers Hope Discounts Post Christmas Will Help

This year the days that led up to Christmas Day were full of disappointing sales, many retailers hope that sales on products post-Christmas will entice shoppers that have become frugal. Forecasts for retail sales appear bleak after... More of this article »
Image for China Mobile and Apple Announce Agreement

China Mobile and Apple Announce Agreement

China Mobile and Apple have announced on Monday an agreement that has been long anticipated to bring the Cupertino, California based Apple’s iPhone to the biggest phone company in the world. The deal could help increase the sale... More of this article »
Image for Profit at Nike Exceeds Estimates

Profit at Nike Exceeds Estimates

Nike Inc, the largest sporting goods business in the world, posted fiscal second quarter profit topping estimates of analysts as sales were boosted by higher priced footwear. Net income for the three months ending on November 30 increased... More of this article »
Image for Lower Prices are Not Always a Good Thing

Lower Prices are Not Always a Good Thing

The number 2 is the number that policymakers in the U.S. Federal Reserve were hoping to see in 2013. With an annual inflation rate around 2%, it would confirm to them the economy in the U.S. was strengthening with workers receiving... More of this article »
Image for GlaxoSmithKline Stops Paying Doctors for Promotion of Drugs

GlaxoSmithKline Stops Paying Doctors for Promotion of Drugs

GlaxoSmithKline the British pharmaceutical giant announced on Tuesday that it was stopping its payments to doctors who speak on behalf of the company. GSK also announced that pay for sales representatives would not be tied to how many... More of this article »
Image for Coca-Cola Splits North American Business

Coca-Cola Splits North American Business

Coca-Cola has split its business in North America into two units. However, for investors to remain happy it might mean more measures that involve cost cutting be put in place. However, its changes in management have put Coke ahead... More of this article »
Image for Industrial Output in Euro Zone Falls Sharply

Industrial Output in Euro Zone Falls Sharply

The industrial output across the common currency euro zone dropped at its steepest rate for a month in over 12 months during October. This highlights the continued fragility of the region’s economic recovery and supports the case... More of this article »
Image for Costco Misses Estimates

Costco Misses Estimates

Costco Wholesale Corp, the largest warehouse-club chain in the U.S. reported its fiscal first quarter earnings on Wednesday, which missed estimates by analysts even as the chain’s sales increased as it was offering more discounts. Net... More of this article »
Image for U.S. Sells Remaining Stock in General Motors

U.S. Sells Remaining Stock in General Motors

Officials from the Obama administration said they had not expected to recover the entire money they had pumped into automaker General Motors. The books were closed on the bailout of General Motors by taxpayer’s, when the remaining... More of this article »
Image for Exports From China Increase More Than Expected

Exports From China Increase More Than Expected

Exports from China were up more than had been expected for November, which in turn pushed the country’s trade surplus to its highest level in over four years, in a sign that global demand is sustaining a recovery in the second largest... More of this article »
Image for WTO Reaches Deal on Global Trade

WTO Reaches Deal on Global Trade

A first ever deal on trade reform was reached on Saturday by the World Trade Organization. When announced a roar of approval went up from the close to 160 ministers in attendance that gathered in Bali, the Indonesian island to decide... More of this article »
Image for Private Sector Sees Increase of 215,000 Jobs

Private Sector Sees Increase of 215,000 Jobs

Payroll Processor ADP has announced that private sector payrolls not including farms, added more new jobs than had been expected during November. This indicates that employers in the private sector seemed little affected by the continual... More of this article »
Image for Krispy Kreme Releases Fiscal Third Quarter Earnings

Krispy Kreme Releases Fiscal Third Quarter Earnings

Doughnut chain Krispy Kreme announced that its profit for the third quarter grew by 34% as same store sales were higher and growth took place in franchise locations within the U.S. However, shares at the doughnut maker fell by 10%... More of this article »
Image for November Sales Hit New Record for Chrysler, VW Falls

November Sales Hit New Record for Chrysler, VW Falls

Chrysler Group announced that November sales for new vehicles were up more than 16% making it the best November for the U.S. automaker since 2007. The month was the 44th straight with sales gains. Chrysler said the long-delayed SUV... More of this article »
Image for Sales on Black Friday Eaten Into by Thanksgiving

Sales on Black Friday Eaten Into by Thanksgiving

The first results of the Thanksgiving weekend holiday shopping is that by opening on Thanksgiving Day, retailers made Black Friday a bit less crazy. Overall, sales at brick and mortar stores on Thanksgiving and Black Friday were up... More of this article »