Rahul - Instablogs
Oct 19 2007
Saks has long been considered a buyout candidate, and now the possibility intensified this week as reports leaked out that the company has had preliminary discussions with its second-largest shareholder, the Icelandic Baugur Group. Saks Incorporated is...
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Oct 19 2007
Wal-Mart, seemingly going overboard to grab as many early holiday sales as it can, announced a second round of price cuts on 15,000 items on Thursday. On Oct. 1, the world’s largest discount store or discounter set the ball rolling on holiday...
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Oct 19 2007
Global PC sales are growing at a rapid pace infact at their fastest in two years. Hewlett-Packard and Dell are getting most of the revenue. According to figures released by IDC on Wednesday, the two dominant PC makers made one of every three computers...
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Oct 19 2007
Bank of America reported disappointing third-quarter results on Thursday. The summer’s market meltdown hurt the company’s investment banking business. Bank of America said that its net income fell 32 percent to $3.70 billion, or 82 cents a...
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Oct 19 2007
Sony slashed prices of its PlayStation 3 game console in the U.S. and announced an even cheaper model that will arrive before the Christmas shopping season. The top-line PlayStation model, with an 80 gigabyte hard drive, now costs $499, down from $599....
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Oct 19 2007
Pfizer, Novartis, Lilly, Baxter and Wyeth announced their Third-Quarter results on Thursday. They varied widely, but shared one common theme: solid financial foundations. “They’re all pretty solid fundamentally,” said James McKean,...
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Oct 19 2007
The Walt Disney Co. is planning to overhaul its underperforming California Adventure theme park — a project the company said Wednesday could even result in a new name for the property. “It hasn’t performed up to expectations and they...
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Oct 19 2007
Consumer inflation rose at the fastest pace in four months in September, which resulted in higher energy and food costs. The Labor Department reported Wednesday that its closely watched Consumer Price Index increased by 0.3 percent last month as energy...
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Oct 19 2007
EBay Inc. reported on Wednesday a third-quarter net loss of more than $936 million — a rare plunge into the red for it obviously caused by charges to its Skype telecommunications division. It still easily exceeded Wall Street’s expectations...
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Oct 19 2007
The Credit Crisis continues. Countrywide Financial Corp. expects to book a pretax charge ranging from $125 million to $150 million related to its plan to slash thousands of jobs amid rising defaults and foreclosures. Countrywide had announced in early...
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