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[2005-05-26] Mobile Phone Sales Hit New Record
Mobile phone sales have increased by 17% over the past year according to Gartner, Inc. In the first quarter of last year, 153.7 million units were sold. That was the record high for mobile phone sales.
[2005-05-24] EU's Deadline Draws Near For Microsoft
Microsoft has until the end of May to comply with the European Commission's business guidelines, or it will have to pay fines of up to $5 million per day.
[2005-05-19] Due Diligence 101 Or What You Do Not Know Can Kill You!
This article is written as a general discussion on the subject of "Due Diligence". It is for informational purposes and not intended to be a definitive guideline for your exact situation.
[2005-05-13] Light Sweet Crude Makes Nice Sweet Drop
Light sweet crude dropped briefly below the $48 mark to 47.95 before heading back up $48.20 this morning. Brent North Sea crude is up 12 cents in London to $48.40 a barrel and gasoline futures down slightly at just over a penny a gallon.
[2005-05-12] Wal-Mart Doesn't Live Up To Expectations
Wal-Mart has predicted that its earnings for this quarter will be lower than Wall Street analysts' expectations. Consumer spending has decreased as a result of high fuel prices.
[2005-05-12] Target Posts a 15% Profit Increase for 1Q
Target Corp.'s profit for the first quarter increased by 15% thanks to a large growth in sales. The company made $494 million, compared to $432 million for the same period last year.
[2005-05-12] Oil Futures Tank Amid Rising Inventories and Lower Demand
Light sweet crude plummets this morning after reports from the IEA yesterday that demand worldwide was down substantially from last year. The price of light sweet crude in New York went down as low as $49.10, over a dollar less from the close yesterday.
[2005-05-11] Federated Gets Excited After First Quarter Results
Federated Department Stores reported a 27% increase in quarterly profit, which beat the expectations of the company as well as those of Wall Street analysts.
[2005-05-11] UPS Volume Growth Beating Expectations
UPS executives said U.S. domestic volume growth was "well ahead" of second quarter expectations and international export volume continued to climb at a double-digit rate as expected.
[2005-05-11] National Australia Bank Cutting Jobs To Save Money
The National Australia Bank, which is Australia's largest bank, is cutting 4,200 jobs or 10% of its workforce over the course of the next two years.
[2005-05-11] Maersk Makes Big Offer For P&O Nedlloyd
Danish container-shipping company A.P. Moeller-Maersk is buying its Dutch rival, P&O Nedlloyd for 2.3 billion euros ($3 billion) in cash to lock down its industry leadership.
[2005-05-11] Big Deficit Drop Comes Out of Nowhere
The U.S. trade deficit unexpectedly dropped in March the most it has in over three years, reaching $55.0 billion. Two big factors in this huge drop were a record number of exports and a decline in Chinese imports.
[2005-05-11] Warner Music Shares Off to a Rocky Start
Shares of Warner Music made their initial public offering (IPO) , but went down over 7% in their first day of trading even though they opened below Wall Street expectations.
[2005-05-09] Mutual Fund Expense Lies
When purchasing mutual funds we are cautioned to read the prospectus, look at past performance, check out the fund manager's record and see what their expense ratios have been.
[2005-05-06] Federal Court Ditches Flag Order
The Court of Appeals in Washington D.C. stomped the Federal Communications Commission (FCC) today in a ruling saying the overstepped its authority in ordering electronics manufacturers from putting a "broadcast flag" device in television sets and other video recording devices.
[2005-05-03] Are You Really A Twenty First Century Investor?
Real Estate Investors that educate themselves about CURRENT MARKET TRENDS will reap huge returns NOW!!! Information concerning NEW TRENDS in financial resources will open new and more profitable real estate opportunities for your business.
[2005-05-02] Mighty Morphin’ Namco Bandai
Bandai and Namco announced they would be merging in a $1.7 billion deal, making them stronger in the epic battles of Japanese toy companies. The merger would put them in the #3 spot of largest toy makers in Japan.
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