Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Main market news here.CPI data came in, rose 0.4%, more than forecast.
TheStreet.com is pounding the table on Apple Inc. (NASDAQ:AAPL), saying that in the next 30 days investors will realize Apple is about to beat the most optimist of expectations in sales and earnings.
BusinessWeek.com examines the new proposed bill allowing generic drugmakers to manufacture biological drugs (such as hormonal and atibodies) in addition to the chemical drugs allowed today. The winners of such a bill will of course be generic drugmakers such as Teva Pharmaceuticals Industries Ltd. (NASDAQ:TEVA) and the losers will be those that rely on biotech for livelihood such as Amgen Inc. (NASDAQ:AMGN) and Genentech Inc. (NYSE:DNA). The consumer and large companies trying to curtail health-care costs would also benefit. But there are risks too as outlined in the article.
What are the implications of Intel Corp. (NASDAQ:INTC) moving operations to China? It has been rumored that the Chinese government has given Intel the nod to start building a $2.5 billion chip-manufacturing plant there. While labor costs will be reduced, the political backlash could also have consequences.
Coca-Cola Co.'s (NYSE:KO) name is inappropriate according to Bolivia's coca growers. They want the company to drop the "Coca" from its name and ask the United Nations to decriminalize the leaf.
If you though no one listens, here's an example of how customer complaints made a difference. Time Warner Cable Inc. (NYSE:TWX) executive in southern-California was forced out after too many complaints.
Yahoo Inc. (NASDAQ:YHOO) plans to launch a Chinese language version of its popular photo-sharing site Flickr.com this year, targeting Hong-Kong users.
Some analyst calls:
- Goldman Sachs added Starbucks Corp. (NASDAQ:SBUX) and Federated Investors (NYSE:FLL) to its conviction buy list, while removing McDonald's Corp. (NYSE:MCD) and Alliance Bernstein (NYSE:AB).
- Deutsche Bank (NYSE:DB) was upgraded to buy from hold at Citigroup.
- Bear Stearns upgraded beer companies Anheuser-Busch Co. (NYSE:BUD) and Molson Coors Brewing (NYSE:TAP) from Peer Perform to Outperform and from Underperform to Peer Perform
- Hewlett-Packard Co. (NYSE:HPQ) was upgraded by Matrix Research from Hold to Buy.
- On the other hand, Matrix Research downgraded Altria Group Inc. (NYSE:MO) from Strong Buy to Buy.
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
