“I haven’t shopped at Circuit City since they made the decision to fire their experienced salespeople and replace them with cheaper new hires”
Plus, their novice sales staff, the last time I was there, five years ago, in the computer area, will completely ignore you or walk past you like you’re not there, or basically pretend [...]
A shift of focus has left China short of basic food products and undermined the governments old determination to be self-sufficient. But how can you take advantage of the race to feed the worlds most populous…and fastest growing…economy?…
As a country’s wealth grows, so too does its demand for more - and better - food. This [...]
SAN FRANCISCO (MarketWatch) — Shoe Pavilion Inc. said late Monday it will close all of its 64 stores after 29 years in business. Shoe Pavilion was once the largest independent discount footwear retailer on the West Coast.
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Intel cuts fourth-quarter sales target - again
Fourth-Quarter Earnings: [...]
SAN FRANCISCO (MarketWatch) — SanDisk Corp. late Monday reported it swung to a net loss of $155.2 million, or 69 cents a share, compared to a net income of $84.6 million, or 36 cents a share, in the third quarter last year. Excluding certain charges, net losses totaled $132 million, or 59 cents a share. [...]
By Alistair Barr
SAN FRANCISCO (MarketWatch) — American Express said late Monday that quarterly net income came in at $815 million, or 70 cents a share, down 24% from a year earlier when the credit card company made $1.07 billion, or 90 cents a share. Income from continuing operations was $861 million, or 74 cents a [...]
NEW YORK (MarketWatch) — Eaton Corp. on Monday is forecasting a U.S. economic recession starting in the fourth quarter, with a possible recovery beginning at the end of next year, Chief Executive Alexander Cutler said Monday in a post-earnings call. The Cleveland company, which makes electrical, aerospace and automotive markets, predicts “an extremely difficult environment” [...]
“On day one” of the effort, Sen. George Allen of Virginia had not addressed Hagel’s bill and his legislative aide for housing was not assigned to it, the report said.
“Today,” the report added, “the senator is aware of the issue and … at the moment he is undecided.” Allen’s deputy chief of staff “has said [...]
The Fed rate is 700% higher than Treasuries of the same term. The world’s wealth pounds Treasury yields down because they assess economic investment to be a worse deal. Thus, no one will ever borrow money above the market-driven Treasury rate.
The whole problem is the Fed is wantonly draining the economy of money with murderous [...]
Oct. 17: Millions of Americans don’t fall into the regular categories of race provided on paperwork. NBC’s Vivek Kemp is half-Indian and half-Caucasian. In this video diary, he talks about his experiences growing up in a multicultural family.
updated 7:23 p.m. ET, Mon., Oct. 13, 2008
An out-of-work money manager in California loses a fortune and [...]
NEW YORK (Dow Jones)–Merrill Lynch & Co. (MER) dodged analyst questions
regarding Lehman Brothers Holdings Inc.’s (LEHMQ) bankruptcy exposure.
On Thursday’s third-quarter earnings conference call, the firm stated it does not
discuss specific numbers in terms of counterparty exposure.
Lehman Brothers, which filed for bankruptcy last month, has affected many Wall
Street banks that had significant counterparty exposure to Lehman.
The [...]
Chesapeake said it expects total cash inflows of about $7.8 to $9 billion in 2009, down from its prior forecast for about $9.9 billion to $11.5 billion, according to a filing with regulators.
Late Tuesday, the natural-gas company said it expects fourth-quarter production of 197-201 billion cubic feet. Its fourth-quarter cash income is seen at $340-$450 [...]
To those of you who think JPM is a great buy now because the government is taking a stake in it: The feds also took charge of FNM and FRE. Their shares are worth about a buck now, and going down. All the worst mortgages in the U.S. are being shoveled into the Government Wrecked [...]
2008: there are 1.3 billion Chinese
Their favorite food PORK
2080 there are 2.0 billion Chinese
Their favaorite food PORK
Who is the most succesful pork conglomerate in China?
Zhongpin, Inc. (HOGS) (HOGS: 11.91 -1.73%)
On Oct 10 2008 they (again) raised estimates for 2008
Sales to be $ 550-$570 millions from $ 500 milion
Profits to be up to $ 1.17 a [...]
SAN FRANCISCO (MarketWatch) — Federal regulators have ordered Fannie Mae and
Freddie Mac to start buying $40 billion of troubled mortgage bonds each month as
the U.S. government tries to revive the economy, according to a published report.
A story from Bloomberg News on Saturday reported Fannie (FNM) and Freddie (FRE)
began telling bond traders last week that each [...]
WASHINGTON (Dow Jones)–U.S. Justice Department lawyers came under heavy
questioning Tuesday by a three-judge panel as the tobacco industry appealed a
ruling that it had tried to hide the dangers of smoking from the public.
In the latest round of a landmark case begun by the government, judges from the
U.S. Court of Appeals for the District of Columbia [...]
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