AOL Money & Finance

Feathers are flying. What is causing the US/China chicken wars?

Why is chicken causing a furor between the US and China? It seems that there is a long standing feud over chicken imports to the US. According to Etter and Power, in 2006 the USDA issued a rule that permitted China to export cooked poultry products to the US as long as the raw poultry meat originated in the US. A bruhaha erupted, and lawmakers inserted a provision in the fiscal 2008 spending bill that prohibited processed chicken from being imported into the US.

Now, in retaliation, China is expected to ban imports of US chicken, a move that would cost US chicken exporters $370 million dollars over the next six months.

Continue reading Feathers are flying. What is causing the US/China chicken wars?

Best Buy (BBY) starts rollout of used video game sales in U.S. stores

Best Buy Co. (NYSE: BBY) has seen some success in its Canadian stores in selling used video games. Due to that, used video games may come to U.S. stores this year, opening up a new avenue for foot traffic into the largest consumer electronics retailer in the U.S. Why rent video games when you can purchase them at heavy discounts?

Continue reading Best Buy (BBY) starts rollout of used video game sales in U.S. stores

Sealy's Q2 was not exciting enough for me

Sealy (NYSE: ZZ) is another one of those cheap stocks that's up big from lows achieved earlier in the year. When I say cheap, I don't mean value. I'm talking about a low-priced equity. The kind of equity that is priced below $5 per share. In the case of Sealy, its shares could be had, as of the close of trading on Tuesday, for $1.96.

But wait, you could have gotten it even cheaper in the after-hours session, because shares of the bedding manufacturer traded down to $1.82 on its Q2 report. I have to agree with the market. Although there were some positive elements contained in the release, overall, I wasn't impressed enough by the numbers to become a buyer.

Continue reading Sealy's Q2 was not exciting enough for me

GE invests in Michigan, USA -- new technology center

The federal government, for better or worse, has been increasing the money supply as fast as it can in an attempt to prevent a collapse of our financial system, stabilize the housing market, improve the employment outlook and rehabilitate our nations infrastructure.

Most economists have some fear of inflation as a result of this, even if the fear is not for three to five years. To combat the increase in money supply we need to balance it out with an increase in productivity.

Continue reading GE invests in Michigan, USA -- new technology center

Five blue-chip stocks with revolutionary new products

Normally we think of revolutionary products created by start-ups or entrepreneurial minds just out of college, but the most talked about new projects of 2009 are being produced by some of the best known companies in the world.

Amazon.com Inc. (NASDAQ: AMZN): With its massive online presence and a truly efficient business model, Amazon has become the largest online retailer in the world. It is now taking on a new business, web services, namely cloud computing (learn more HERE), called the Amazon Elastic Compute Cloud (EC2). While hosting this infrastructure and presenting e-commerce with a reasonably affordable alternative with no up-front costs, Amazon has taken an early lead in this space, with some believing its cloud computing business will one day overtake retailing. "Amazon will be like a book store that sells cocaine out the back door. Books will be just a front to sell storage and cloud computing." says Larry Dignan, Editor in Chief of ZDNet and Editorial Director of ZDNet sister site TechRepublic.

Continue reading Five blue-chip stocks with revolutionary new products

Netflix says pesky little Redbox is its biggest competitor

Netflix (NASDAQ: NFLX) CEO Reed Hastings says his biggest competitor isn't the one that his company is most often grouped with. It's not Blockbuster (NYSE: BBI), the largest brick-and-mortar rental chain, and it's not the internet -- where technological gains are making streaming video the wave of the future.

No, according to Mr. Hastings, the biggest competitor is Coinstar (NASDAQ: CSTR), the coin counting business that also happens to own Redbox, the network of 15,400 vending machines that rent movies for $1 per night. Redbox is installing another machine every hour.

Continue reading Netflix says pesky little Redbox is its biggest competitor

Reiterating: Stanley Works, on likely economic recovery

I'm reiterating my Buy rating for Stanley Works (NYSE: SWK), first recommended on February 10, 2009, at a price of $32.88.

New Britain, Conn.-based Stanley manufactures tools for professional, industrial, and consumer use, and has built a business model that's been successful for more than a hundred years. A security solutions unit accounts for about 30% of revenue, but the key revenue driver here is tools: hammers, screwdrivers, sockets, saws, and measuring tape, among other products.

Continue reading Reiterating: Stanley Works, on likely economic recovery

Windows 7 presales strong

Windows 7This morning Microsoft (NASDAQ:MSFT) coerced me into finally upgrading to Internet Explorer 8, and now my Google Mail is scrambled. So forgive me if I feel ambivalent about the strong response the company is experiencing to the 50% -off-retail deal it is currently offering on the next great OS, Windows 7.

According to InformationWeek, retailers such as Amazon (NASDAQ:AMZN) are experiencing brisk business for the new software, which is due for official release on October 22nd . The special deal, which began today and ends on July 11th, will drop the price of Windows 7 Professional to under $100, while the Home Premium Upgrade will run $49. Amazon is offering free release-date delivery, as well.

Continue reading Windows 7 presales strong

Lennar second quarter earnings preview

We will get a little better idea of just what is happening with the real estate market tomorrow when home builder Lennar Corporation (NYSE: LEN) reports its second quarter results.

Headed into tomorrow's earnings announcement, analysts are expecting another loss, but a much smaller loss than the company reported for its first quarter. Last quarter we saw a loss of 98 cents per share. This quarter analysts are predicting a loss of "only" 63 cents per share.

Continue reading Lennar second quarter earnings preview

Kodak pulls Kodachrome in a blow to sentimentality

Kodak's announcement today is evidence that sentimentality is dead in 21st century business.

The film world has, after all, been moping since Polaroid stopped producing its iconic instant camera film in early 2008 (take heart, Polaroid fans, "The Impossible Project" is working to reinvent instant film in an old Polaroid factory in the Netherlands). But today Eastman Kodak (NYSE: EK) said it was halting production of the complex-yet-storied Kodachrome film, immediately. Not only does the product make up less than 1% of its worldwide still-picture film sales; it's extraordinarily expensive to produce.

Continue reading Kodak pulls Kodachrome in a blow to sentimentality

Chasing Value: Microsoft, Microsoft and more Microsoft

There are better companies and better stocks to invest in these days than Microsoft (NASDAQ: MSFT), but it would be silly of me to leave this company totally out of the picture just because it is not in my top ten.

The market is down a few percentage points as I write and MSFT is down in sync with the market. Many investment gurus have stated that they think a 10% correction is in order after the huge run-up since March 9, 2009. I am not so sure there will be a 10% correction or any particular correction just because the market was on a hot streak.

Continue reading Chasing Value: Microsoft, Microsoft and more Microsoft

Happy Father's Day: How about a cup of tea?

Perhaps oddly apropos for Father's Day: there's more news of the health effects of green tea; specifically, that compounds found in green tea may slow the growth of prostate cancer, the second leading cause of cancer death among American men.

Researchers have found that polyphenols, a green tea extract with antioxidant properties, lower the levels of proteins that tumors use to grow. While green tea may keep cancer from growing fast, they point out, it may not be able to shrink tumors. But it can be a good addition to traditional therapies such as chemotherapy or radiation.

Continue reading Happy Father's Day: How about a cup of tea?

LogMeIn: Ready for an IPO takeoff?

It's been a long road for LogMeIn, which develops web-based business software. The company filed for an IPO back in January 2008. Of course, since then the financial system went haywire.

But, things are getting back on track. For example, this week LogMeIn actually set the initial terms for its public offering: a price range of $14-$16 for 6.67 million shares.

Continue reading LogMeIn: Ready for an IPO takeoff?

Apple's (AAPL) timely product price cuts shouldn't affect margins

Apple, Inc. (NASDAQ: AAPL) released some new software and hardware products a few days ago, and at the same time lowered the price on the standard iPhone to $99 with a two-year contract with AT&T, Inc. (NYSE: T). Considering that the very first iPhone was released at the $599 price point with that same two-year contract almost exactly two years ago, one has to wonder how Apple has lowered the subsidy-priced iPhone in the U.S. to such a low level while retaining decent product margins.

Continue reading Apple's (AAPL) timely product price cuts shouldn't affect margins

Apple unveils plans to take on more of the business PC market

Although yesterday was a big day for Apple, Inc. (NASDAQ: AAPL) -- a new iPhone and lower pricing all being announced -- there were some other interesting developments as well. Apple's upcoming Snow Leopard operating system will gain built-in support for Microsoft Corporation's (NASDAQ: MSFT) Exchange server environment. In other words, some folks using Mac PCs in a business environment will no longer need the Microsoft's Office (which includes Outlook) package.

Continue reading Apple unveils plans to take on more of the business PC market

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Symbol Lookup
IndexesChangePrice
DJIA-223.328,280.74
NASDAQ-49.201,796.52
S&P 500-26.91896.42

Last updated: July 02, 2009: 09:43 PM

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