FeedPosted Dec 1st 2010 11:00AM by Sheldon Liber (RSS feed)
Filed under: Rumors, Press Releases, Management, Scandals, JPMorgan Chase (JPM), Bank of America (BAC), CIT Group (CIT), Goldman Sachs Group (GS), Politics, Serious Money, Financial Crisis
Forgive me if I stray slightly, but I could not help thinking about how ironic it would be if someone leaked information as to the whereabouts of Wikileaks founder and "fearless leader" Julian Assange -- who is in hiding!
It would be even more ironic if a CIA operative who had his cover blown by Wikileaks decides what goes around comes around. Let's face it, in its own way Wikileaks has become a rogue nation, so why wouldn't the CIA get involved?
In the mean time, this has probably helped world markets as it has overtaken everything else as the big story of the past 48 hours. In a bizarre way, Assange may have achieved one of his goals by bringing the world closer together, sort of.
Continue reading Serious Money: Does BAC Have Anything to Fear from Wikileaks?
Posted Sep 1st 2010 9:00AM by Michael Fowlkes (RSS feed)
Filed under: Rumors, Press Releases, Launches, Competitive Strategy, Apple Inc (AAPL), Netflix, Inc. (NFLX), Technology

Apple (
AAPL) is going to have a big day Wednesday, which could include
announcing a new Apple TV with Netflix (
NFLX) support, and the fourth generation of the iPod Touch.
According to a report on Bloomberg, Apple will be announcing the new Apple TV with streaming Netflix videos today at its music-themed press conference.
Continue reading Will New Apple TV Include Netflix Support?
Posted Jun 3rd 2010 2:40PM by Gary Sattler (RSS feed)
Filed under: Bad News, Press Releases, Scandals, Headline News

Yesterday, SEC officials charged a Miami man for his operation of a $40 million Ponzi scheme. It is alleged that Luis Felipe Perez had fraudulently convinced investors to invest with him to fund his jewelry business and to finance pawn shops in New York. The jewelry businesses of the accused, Lucky Star Diamonds Inc. and Luis Felipe Jewelry Design Corp., have turned out to be no more than sham facades, and both companies were completely void of employees. Both companies have subsequently ceased their -paper only- operations. Likewise, Mr. Perez's pawn shop connections have turned out to be non-existent.
Continue reading SEC Levels Charges in $40 Million Ponzi Scheme
Posted May 3rd 2010 12:20PM by Gary Sattler (RSS feed)
Filed under: Press Releases, Internet, Blogs, Google (GOOG)
A big change has come
in the way we receive financial news from Google (GOOG). The company recently announced that it was doing away with financial newswire releases, in favor of distributing company financial news through its own website(s). Google spokesperson Jane Penner stated it this way: "We felt it made a lot of sense, given that we're a technology company and that we announce virtually all of our company news on our blogs."
The change is almost insignificant, really, when we consider that Google is a glass-walled corporation anyway. What news happens at Google comes out of Google and gets splattered every which way. There's almost no escaping it.
Continue reading Google Pushes Newswire Services Away
Posted Apr 9th 2010 3:00PM by Gary Sattler (RSS feed)
Filed under: Good news, Press Releases, Products and Services, McDonald's (MCD)

Now we might know exactly why
Ronald McDonald might get axed by McDonald's Corp.(
MCD). The company could use the money to pay it's CEO, Jim Skinner.
Dow Jones Newswires, via Chicago Breaking Business, reports that CEO Skinner received $17.6 million in compensation for 2009, representing a 30% increase over the previous year. The company is paying its highest executives handsomely for meeting specified performance goals. Who could argue with that? According to the report, "McDonald's payouts under its long-term incentive plan reached the maximum level possible based on the company 'substantially exceeding target performance' on several factors, including operating growth and stock returns."
Continue reading McDonald's CEO Gets Supersized
Posted Mar 27th 2010 2:00PM by Steven Mallas (RSS feed)
Filed under: Deals, Press Releases, Walt Disney (DIS), Media World, Film, Lions Gate Entertainment (LGF)
Well, it's finally happened. Someone wants to buy Lions Gate Entertainment (LGF). However, it's not the head of a big media conglomerate who has an eye on the movie studio. Instead, it's famed activist investor Carl Icahn.
Of course, I'm sure you know all that by now. How can anyone have missed the drama surrounding the situation? There are a ton of news reports out there covering the topic, so let me simply bring you up to date with a link to an open letter from Icahn to Lions Gate, and a link to management's response. It makes for wonderful reading.
Continue reading The Lions Gate Situation Is Getting Interesting
Posted Mar 20th 2010 3:40PM by Steven Mallas (RSS feed)
Filed under: Press Releases, Wal-Mart (WMT), Marketing and Advertising, DreamWorks Animation (DWA)
DreamWorks Animation (DWA) has an animated film coming to the the multiplexes next week. It's called How to Train Your Dragon. I have no idea what it's about (aside from the fact that it obviously involves training dragons). But I do know that a marketing transaction with Walmart (WMT) is making headlines.
According to a press release, Walmart and DreamWorks Animation apparently have come up with a very tightly coordinated plan to promote the project. There will be special sections dedicated to Dragon inside the stores. More than 100 licensed items will be lining the shelves. And some sort of event featuring a Viking vessel in Times Square will see what it can do to get potential ticket buyers interested in the flick.
Continue reading DreamWorks Animation Has High Hopes for 'Dragon'
Posted Jan 14th 2010 6:00PM by Steven Mallas (RSS feed)
Filed under: Press Releases, Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY)
Target Corporation (TGT), a retailer that competes with Wal-Mart Stores, Inc. (WMT) and Best Buy Co., Inc. (BBY), had some good news today for its shareholders. Management has decided to reinstate its stock buyback program. According to the press release, the company believes the economic environment has improved to the point where reducing some of its float could be a worthwhile investment.
This buyback is a continuation of a $10 billion program begun back in November 2007. About half of that sum has already been spent; the remainder of the allocation is expected to be used up in two to three years. So, this isn't an aggressive move, certainly. And, as always, evolving market conditions can affect the intended schedule.
Continue reading Target Thinks Its Stock Is a Good Investment -- Should You?
Posted Dec 10th 2009 4:30PM by Sheldon Liber (RSS feed)
Filed under: Other Issues, Good news, Press Releases, Products and Services, Management, Consumer Experience, Rants and Raves, Competitive Strategy, Marketing and Advertising, Next Big Thing, Money and Finance Today, Workspace, Media World, Headline News, AOL (AOL)

In the wee morning hours just prior to the market opening I had given some thought to shorting AOL Inc. (
AOL) on its first day as a newly independent company. Yes, that same company that owns Bloggingstocks.com and a multitude of other interesting Internet "content" icons (and some not yet so). However, I did not do it because it would have been too impulsive and that is rarely a good investment strategy.
I was stunned that we changed our logo. And we changed it to what seems like a team of logos instead of one. That seems bizarre to me if you're trying to build a brand. It is also ironic since we are planning on making money on advertising, and we will be muddling our own brand.
Continue reading AOL, I mean Aol, did not tank!
Posted Dec 2nd 2009 4:30PM by Connie Madon (RSS feed)
Filed under: Major Movement, International Markets, Rumors, Press Releases, Middle East, Market Matters, Headline News, Financial Crisis
The Dubai crisis is not going away. Government owned Dubai World has scheduled a meeting with creditors to discuss the possible settlements.
What is most troubling is that the government of Dubai has refused to guarantee Dubai World's debt. That creates an international situation. While it has not been confirmed, it is believed that Standard Chartered Bank, HSBC, Lloyds, Royal Bank of Scotland and local lenders Emirates NBD, Abu Dhabi Commercial Bank are key creditors.
Continue reading Dubai World to meet with creditor panel to discuss debt crisis
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