Krispy Kreme Doughnuts Inc. (NYSE: KKD), which until recently was seen by investors as being staler than a day-old crueller, is on the verge of a remarkable comeback. The maker of doughy, delicious and fattening treats today reported better-than-expected second quarter results, earning $2.2 million, or 3 cents per share, compared to a net loss [[ This is a content summary only.
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BP plc (NYSE: BP) disclosed that its costs to clean-up the Deepwater Horizon catastrophe have risen above $8 billion, and the company still has to fund a $20 billion escrow account to handle ongoing claims. Even with the new escrow account in force, very few people have received the financial support that the probably deserve.
The media is filled with brand lists, most of them which are based on research which estimates the value of a given brand. It is hard to connect these valuations to the sales and profits of the companies which own them. Marlboro is one of the most valuable brands in the world–worth perhaps $50 billion.
Assume for the the time being that the housing crisis will last well into 2011, that foreclosures will rise, and the number of underwater mortgages will not improve from the current 11 million level. The situation could get worse before its gets better if the August unemployment figure are weak.
3Par announced that it received a revised proposal from Hewlett-Packard Company to acquire all of 3PAR’s outstanding common stock at $33 per share, which is an increase from its previously announced offer price of $30 per share.
Updated throughout the day. A buyout of Burger King (NYSE: BKC) is likely to be at $24 (WSJ) China search engine firm Baidu (NASDAQ: BIDU) will focus more on mobile markets (Reuters) The SEC is looking at canceled trades on the day of the “flash crash” Douglas A
Richard Fuld, who pocketed $484 million in compensation between 2000 and 2008 when Lehman Brothers collapsed, must be a masochist or a narcissist. Why else would the former Wall Street CEO continue to insist that it was the federal government’s fault that the once venerable Wall Street firm is no more when few believe him? [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The auto industry went through two bruising years in 2008 and 2009 when annual domestic sales dropped to about 10 million vehicles per year. This is in stark contrast to 2005 and 2006 when the figure was closer to 16 million
The estate tax is not and never has been a “death tax” , yet the nickname that critics gave it a few years ago has stuck. That’s a pity because the levy underscores the notion that America is the land of opportunity where success in business depends on acumen and not a family pedigree. As [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
The Institute for Policy Studies, a progressive think tank, has published its 17th annual survey of CEO compensation, noting, among other things, that CEOs of the 50 firms that have laid off the most workers in 2009 took home 42% more pay than CEOs at S&P 500 firms as a group. Average compensation among the [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
