Lowe's Earnings Fall Short of Estimates; Shares Slide
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Some hotels are now catering to tired guests by offering services such as in-room cocktail programs; and sleep concierge programs, in an attempt to meet customers' need to relax, reports CNBC's Steve Liesman.
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I have been driving for a few hours on I-85 in North Carolina, heading from Charlotte to Durham. I'm standing in line at a roadside Starbucks and the guy behind me is kind enough to tell me how much he enjoys the 'Mike On America' segments. I'm lucky, it happens often. And then he asks me a question that sets me to thinking.
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Normally, a 40-year-old sandwich would be something to be avoided. Unless you're one of millions who flock to McDonald's each year to chow down on a Big Mac. The triple-decker burger, which helped breed America's super-size culture and restaurants' ever-expanding jumbo meals, is turning 40.
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GameStop posted on Thursday a better-than-expected seven-fold jump in quarterly profit and raised its full-year outlook on strong sales of games like "Guitar Hero II" and "NCAA Football '08," sending its shares up as much as 8 percent.
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What comes in glass bottles, cans and two liter plastic jugs and dominates the soft drink world in this part of the U.S.? Nope. It's Cheerwine. If you're from anywhere but the Southeastern states, and better yet North and South Carolina, you've likely never heard of, or tasted, Cheerwine. It has been 'the' drink of choice at soda fountains and hot dog stands (try Hap's if you ever in Salisbury), bar-b-ques and ball games for 90 years.
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Is Altria a "lay-up trade"? What do you think of MPEL? Cramer answers viewers' questions.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
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Here's an award worth winning! Cintas, which provides bathroom supplies, announced the winner of this year’s “best restroom” contest. The award goes to Jungle Jim’s International Market, a grocery store outside Cincinnati. Get this. The bathroom entrances appear to be portable toilets. But once inside, they all lead to a jungle themed restroom with flowers...
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There has always been a carnival atmosphere at a NASCAR event. Hundreds of thousands of people, food, drink, more drink, and all that noise. Throw in 36 or so hard charging cars and the resultant thrills and spills and what do you have? A sales opportunity. NASCAR has always been about 'the sell'. From the sponsorship logos on the cars to the suits the drivers wear.
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It's always fun when you gain a little clarity. And it's often very interesting where you find it. This time it came just off Woodward Avenue outside Detroit. 40,000 classic cars and somewhere near or over a million people. It's the 50's, the 60's and it's the 70's. But wait a minute. It's actually about the future. In amongst all these 'classics', the real message comes in the form of a question. What's next for Detroit?
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Rare Hospitality International shares soared Friday as investors welcomed news that the company, which operates the Longhorn Steakhouse chain, will be acquired by Darden Restaurants.
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The year is 1967. I'm stopped at a red light in Bloomfield Hills, Michigan. I'm with a buddy, Mike Sprout. The car is a 1966 red Barracuda. In the car next to me at the light are two young women. The light turns green, we 'drag' away from the light. I win. It's Detroit. It's what we do. It's Woodward Avenue.
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"Transformers" must really have been a huge hit -- isn't imitation the sincerest form of flattery? Since the rights to Transformers are already sold, Hollywood is looking to the next best thing. New Regency is negotiating with the Mark Gordon Co. to bring to the big screen "Voltron: Defender of the Universe," a 1980s Japanese animated TV series.
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We sure got a lot of mail from people who were fine with walking Tiger's course after I wrote yesterday that a no-cart course was a stupid business decision. I guess you guys didn't. More than 80 percent of you said that you liked it.
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Here's a business conundrum. When a bigger guy -- say the Chinese -- are effectively trying to put you out of business, what do you do?
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Yesterday, Tiger Woods announced that he will develop his first U.S. golf course -- he's currently building one in Dubai -- at the Cliffs at High Carolina. It's in the Blue Ridge Mountains near Asheville, N.C., and I'm sure it's going to be beautiful.
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As many of you know Electronic Arts' "Madden 08" came out last night. You can find the reviews everywhere else. But I'm here to review only one thing: The rings you can get in the game. They are unbelievable. These things are going to be the most surprising success of this franchise.
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You can almost hear it through the fog if you listen very closely. The spinning blades of a wind turbine being turned by the winds of change. "This project particularly represents a paradigm shift for American business." So says Kevin Schulte, a Vice President and "wunderkind" of Sustainable Energy Developments. The turbine we're looking at was made by GE, the plan to install it and make it work belong to Schulte, but the "paradigm shifter" is someone else. His name is Brian Fairbank.
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If you've seen the movie "Network" you understand the above headline. I'm sitting at Gate 7 at Providence Airport..G.F. Green or something like that. Who cares? I'm delayed, again, by 3 hours. I'm going to miss my connection in Newark, and will be condemned to spend the night at Newark 'Liberty' International. Liberty? What, are you kidding???
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There's no question that Blockbuster's livelihood is under attack--the business of driving to a store to rent a DVD and driving back when you're done is threatened from video on demand, and digital downloads, especially since both technologies are getting better and faster. So, looking to avoid going the way of the Beta Max, Blockbuster just purchased online movie downloading company Movielink for under $20 million.
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Eric Distenfeld likes to watch people's feet. It pays off. Last week I told you that Distenfeld, a portfolio manager at Chestnut Ridge Capital, noticed a lot more people wearing Crocs to temple on Tisha B'av, a day in the Jewish tradition when you're not supposed to wear leather shoes. Distenfeld says he then bought a bunch of CROX shares heading into earnings. Earnings were stellar, and he made a killing. Now he's watching people's feet again...
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How many company founders have you seen 'shrink wrapping' product on the factory floor? Or, CEO's trying to help get the production line operating? We saw them both at CherryPharm in Geneva New York. It's a three year old company with a small production facility that makes one thing--cherry juice. But this is not your supermarket cherry juice. Or even your health food store concentrate.
Road Warrior
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Own a small business? United Airlines debuted a new program offering reward miles for everyday purchases.
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American debuted a new livery drawing that is drawing both praise and criticism.
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Welcome Colonel Sanders. Japan Airlines is rolling out KFC meals on flights to the U.S. and Europe.