Alcoa Inc (NYSE:AA) surprised Wall Street ahead of the open today by announcing results earlier than scheduled and that fell short of expectations. Alcoa Inc expected at $0.33 a share, missed analysts’ projections by $0.02 cents. Shares sank as much as 7% in pre-market activity, wiping out this year’s gain of 6.4% and then some. Investors had not expected […]
The retail sector is struggling and that is no more apparent in the number of store closures reported throughout the market. One company has been largely immune to these metric—Walmart Stores, Inc, obviously—but it looks like they are also feeling the pinch. Now, the company has not necessarily reported that any stores will be closing […]
It has only been two years since the hedge fund Starboard Value took over control of the governing board of Darden Restaurants (NYSE: DRI). Since that time, though, 7 of the board’s 12 directors have stepped down, and that includes former chairman and activist investor Jeff Smith. Darden, of course, is the parent company of […]
On Tuesday, the National Retail Federation announced that it expects holiday spending to increase over last year. The NRF says retail sales in November and December—with the exception of gas, auto, and restaurant sales—will increase by a steady 3.6 percent, to reach $655.8 billion. This is notably higher than the 10-year average of 2.5 percent […]
This week, the Geneva-based World Trade Organization drastically cut its forecast over trade growth this year by roughly one third to mark the lowest growth rate since 2009. This was a time when the global economy was riddled with a recession and a near financial crisis. Updating its most recent forecast, on Tuesday, the world’s […]
Novo Nordisk is the largest insulin maker in the world and with [type 2] diabetes on the rise you would think that business is good for them. Well, if things are swimming along nicely for Novo Nordisk, then why are they cutting approximately 1,000 jobs as part of a plan to lower costs? It might […]
13 years ago, China issue a ban on US beef. This was largely on the heels of a mad cow disease scare, resulting in a major shrinking of the market, of course. However, this week, China announced its plan to lift this ban, making US beef available in the major economy. This, of course, is […]
Unfunded liabilities for public pension plans have been growing quickly over the years. Today, a number of states have public pension debts of hundreds of billions of dollars and they are not pulling in enough money to pay those debts in the time frames promised. A recently conducted study found that the state and local […]
Chipotle Mexican Grill Inc launched a new marketing effort to get back their fans. This initiative will mostly outline the depth to which the company has improved its food safety guidelines. This, of course, is important since consumers are still wary of the chain’s food safety after the very recent foodborne illness outbreak. Describing the […]