Aug
20
FAA considering $25M penalty for American Airlines
August 20, 2010 | Leave a Comment
According to a published report, federal officials are ready to hit American Airlines with a hefty penalty of $25 million or more for maintenance shortcomings that led to thousands of canceled flights in 2008. The Wall Street Journal says that the FAA hasn't made a final decision or informed American, and that a decision could [...]
Aug
20
Dell earnings top estimates
August 20, 2010 | Leave a Comment
Things are good for Dell right now. Only days after regulatory filings showed waning support for Dell CEO Michael Dell, the company reported earnings that topped analysts' estimates. On Thursday, Dell reported net income of $545 million, or 28 cents per share, for the quarter that ended July 30. That's up 17% from $472 million, [...]
Jul
29
Playstation, LCD TVs help Sony hit $294 million in profit
July 29, 2010 | 1 Comment
I've been watching Sony do just about everything right in regards to the consumer and what the consumer wants for awhile now. It is paying off. Sony is back in profit last quarter and raised its full-year earnings forecast, fueled by stronger demand for its PlayStation 3 gaming consoles, personal computers and televisions. Sony said [...]
Jul
22
Lincoln MKZ Hybrid priced same as gas version
July 22, 2010 | Leave a Comment
In what is likely an industry first, Ford is pricing the new Lincoln's new MKZ Hybrid exactly the same as its gasoline version — $35,180 including destination fees. That's shocking news. We are all used to paying much more for hybrid versions. Ford's decision will surely entice more buyers to buy the hybrid as a [...]
Jul
9
Beijing renews Google China license
July 9, 2010 | Leave a Comment
Google said on Friday that Beijing has renewed the license it needs to continue operating a website in China, securing the search giant's foothold in the country's fast-growing Internet market despite some recent tensions over censorship. Google had closed its China search engine in March but wanted to keep a website that offers music and [...]
Jun
18
Mexico invests in more U.S. brands
June 18, 2010 | Leave a Comment
Huge Mexican corporations are snapping up U.S. brand names, opening U.S. factories and investing millions north of the border. Everything from Thomas' English Muffins to Borden milk, even Saks Fifth Avenue department stores. Mexican investors are taking advantage of low interest rates and depressed prices during the economic downturn to expand their holdings in the [...]
Jun
13
Wendy's/Arby's shares rise on takeover inquiry
June 13, 2010 | Leave a Comment
The Wendy's/Arby's Group Chairman said he's reviewing an overture from an unnamed group interested in acquiring the fast-food company. The disclosure sent shares up 31 cents, or 7.1%, to $4.65 Friday. There are few details about the inquiry, but the deal could include his participation and he said that he would work with financial advisers [...]
Jun
11
BP stock: Buy or sell?
June 11, 2010 | Leave a Comment
BP's stock has been gushing like the well itself and with BP's stock down almost 50%, or almost $90 billion since the April 20 rig disaster, is it time to buy or sell? There are still many unknowable, unquantifiable facts surrounding BP and the oil spill, so one thought is that now isn't the time [...]
Jun
4
McDonald's is recalling 12 million drinking glasses that it was selling to promote the new Shrek movie. The problem? The painted designs on the U.S made glasses contain the toxic metal cadmium. The U.S. CPSC announced the voluntary recall on Friday and warned consumers to immediately stop using the glasses. Long-term exposure to cadmium can [...]
Jun
3
Work at Wal-Mart, get college credit
June 3, 2010 | Leave a Comment
Wal-Mart employees will soon be able to earn college credit for their on-the-job training and experience. In a letter to U.S. associates, Wal-Mart Vice Chairman Eduardo Castro-Wright said the company is partnering with online educator American Public University to offer the college credits and tuition assistance to help employees get a higher education. Employees who [...]