Case-Shiller Index Data Shows Home Prices Are Falling
Filed under: Economic Data, Housing, RecessionAccording to Standard & Poor's (S&P) Case-Shiller home price index, home prices are falling faster in the nation's largest cities.
The index dropped 0.6% in September compared to August (some are re...
Retailers to Push Luxury Items This Holiday Season
Filed under: Consumer Experience, Competitive Strategy, RecessionIt seems that retailers are ready to give up on pushing the practical gifts this holiday season in hopes that weary retailers are ready to unload some cash on higher-priced items. Retaile...
Rio Tinto Boosts Iron Ore Output, Ups Spending
Filed under: Rio Tinto plc ADS (RTP), CommoditiesAustralian mining firm Rio Tinto (RIO) revealed plans to triple its capital expenditure to around $11 billion. The company also plans to up its iron ore production by more than 50% during the next five y...
J. Crew Rallies on Buyout Rumors
Filed under: Rumors, Private EquityJ. Crew Group (JCG) was nearly 17% higher Tuesday morning thanks to rumors of a potential buyout.
The Wall Street Journal (subscription required) reported that a pair of private equity firms are closing in on a deal...
Johnson & Johnson Recalling Children’s Benadryl and Motrin
Filed under: Bad News, Johnson and Johnson (JNJ), Technical AnalysisNew Jersey-based pharmaceutical giant Johnson & Johnson (JNJ) is recalling roughly 4 million packages of children's Benadryl Allergy Fastmelt Tablets (cherry and grape flavor) tabl...
Cox Communications Launches Cell Phone Service
Filed under: Competitive Strategy, Google (GOOG), AT and T (T), Verizon Communications (VZ)The wireless communication world is about to receive a new entrant, as the country's third-largest cable company will start a cellular network in three areas tod...
Gap’s Q3 Earnings Increase Slightly
Filed under: Earnings Reports, Gap Inc (GPS)Thursday afternoon, Gap (GPS) reported that its third-quarter earnings increased 9% compared to a year ago.
In the most recent quarter, the retailer earned 48 cents per diluted share compared to 44 cents per ...
U.S. Producer Prices Increase During October
Filed under: Economic DataAccording to the Labor Department, U.S. producer prices increased a seasonally adjusted 0.4% during October thanks mainly to an increase in energy prices.
Energy prices increased 3.7% during the month, the largest monthly incr...
Walmart Earnings Inline with Estimates
Filed under: Earnings Reports, Wal-Mart (WMT)Galactic super-retailer Walmart Stores (WMT) released its highly anticipated third-quarter earnings report this morning. The company reported a 9.3% increase in profit, thanks mainly to growth abroad. Exclud...
JCPenney Worth a Look After Q3 Report?
Filed under: Earnings Reports, Wal-Mart (WMT), Target Corp. (TGT), Penney (J.C.) (JCP)Shares of retailer JCPenney (JCP) were lower Friday despite a strong Q3 report, as investors are focusing on the revenue miss rather than the earnings beat or its upb...
What’s Behind the Leak of Disney’s Earnings Report?
Filed under: Earnings Reports, Rumors, Walt Disney (DIS)Thursday, the company I fondly call the House of Mouse -- Walt Disney (DIS) -- released fourth-quarter earnings that eventually pushed the stock lower.
I am not as interested in the earnings resul...
Is Holiday Shopping Changing? Walmart and Target Think So
Filed under: Consumer Experience, Competitive Strategy, Wal-Mart (WMT), Amazon.com (AMZN), Marketing and Advertising, Target Corp. (TGT)I was reading a rather interesting article in The Wall Street Journal (subscription required) about the potential fo...
