Tesco said Britain's financial watchdog had started a full investigation into the company in the wake of a major accounting scandal.» Read More
Discount retailer Target said that it expects sales at its stores open at least a year to decline 2% to 4% in April due to the earlier timing of Easter. March same store sales increased 12%.
Okay, here's a look at the stocks making noise. We focused a bit yesterday on CMGI becasuse it was on top of both the most active and widely held lists. But--that changed as you will see. The best performing trades By % gain from Monday's close to Tuesday's close: United Rentals (URI): If you bought on Monday at $27.55 and held/sold on Tuesday with a close of $32.36..
Levi Strauss & Co. reported a 61% rise in quarterly net profit on Tuesday, as higher-priced denim and apparel boosted sales for the iconic brand.
Chiquita Brands has a new packaging twist for its bananas, and the produce company is betting you’ll buy single bananas at candy-bar prices, at your local convenience store. Greg Bauer, vice president of GEN3 -- Chiquita's partner in the packaging venture -- revealed secrets behind the new version of nature's treat, on "Power Lunch."
Hi folks. Here's guest blogger Jeff Mishlove with his contest stock picks for most of the week (he'll have Friday's later on as he says). Be sure you read through and remember as Jeff says, this is not a buy and hold strategy--for longer than one day. Here's Jeff:
Willie Garson proves himself as a celeb to beat, and holds the lead for the 3rd straight day in Trading With The Stars. There was a "flip flop" (no politicians here) of sorts as actor Stephen Collins replaced champion poker player Chris Moneymaker in the second spot--and Chris is in third. All the other celebs are holding their previous places. Actor James Cromwell is showing...
A bidding war is looming for Australia's Coles Group after the company said a Kohlberg Kravis Roberts-led consortium was confident of topping a $16.1 billion bid for theretailer, hoisting its shares to a record.
Wal-Mart Stores, which has been trying to rekindle growth in its U.S. operations, on Friday said it created two new positions within its Wal-Mart Stores U.S. segment.
Here's what you are doing stock wise: best performing trades by % gain from Wednesday's close to Thursday's close: M&F Worldwide: If you bought on Wednesday at $49.07 and held/sold on Thursday with a close of $60.65, the contestant gained 23.60% on the trade. MFW received early termination of the anti-trust waiting period for its acquisition of John H. Harland.
Good morning on this Good Friday. We'll have just a few posts today but let's start with a new number one on the leaderboard. Deborah Taft is dethroned after her 11-day run at the top. Deborah's inactivity cost her as Parker Robinson's gamble on Immucor earnings catapulted him into 1st place. Parker gains the 1st spot with a total portfolio value of $2,790,103.27 after gaining $233,633.48 on the sale of Immucor which was up 9.15% Thursday on strong earnings.
An early Easter is giving a lift to retailers' March sales this year but could cut into April results, CNBC's Margaret Brennan reports. Consumers are expected to spend $14 billion on holiday-related items and spring apparel this year, or an average $135 per person, which is up 11% from a year earlier, according to the National Retail Federation.
The Wall Street Journal reported that a Wal-Mart employee was fired for recording phone calls with a New York Times reporter last month. And now, the man claims he was part of a more elaborate corporate espionage scheme. Labor and privacy experts joined “Street Signs” to analyze the case. David Garland, co-chair of the employment and labor group at Sills Cummis, explained to CNBC's Erin Burnett that at times, employees will go too far when snooping for the company...
The Landor Breakaway Brands Study identifies a list of 10 brands every year that have grown and been transformed through excellence in brand building. These are brands that have achieved the most meaningful improvements in brand health and subsequently in business value. Because investments in brand building take time to be realized, the study looks at the growth of brands over a three-year period.
Best Buy pulled further ahead of consumer electronics retail rival Circuit City, reporting an 18.5% rise in its fourth-quarter profit while Circuit City swung to a loss.
Our partners at the Wall Street Journal report details today of an ongoing corporate espionage case that Wal-Mart initially said involved just one rogue employee who overstepped his bounds when it came to investigating threats to the company.
Hey folks. Here's our recap for the today with leaderbaord, most active stocks and our trivia questions. The video is provided by the crew at "Power Lunch." The video trivia question is worth $2,000 Bonus Bucks: Industrial & Commercial Bank of China posted a jump of how much in 2006 profits? And the news question is worth $1,000 Bonus Bucks...
Circuit City Stores said it swung to a fiscal fourth-quarter loss, hurt by store closing charges and slower sales growth related to a decline in flat-panel television prices and uneven demand for computer hardware.
Hi folks. Here's a look at the stocks you are buying and trading. The best performing trades by % gain from Monday's close to Tuesday's close were: Valhi : If you bought on Monday at $14.90 and held/sold on Tuesday with a close of $17.93, the contestant gained 20.34% on the trade. Valhi gained almost 13% Monday and Tuesday, followed with another 20% gain...
Kohlberg Kravis Roberts will still consider a bid for Australia's Coles Group, despite a $16 billion offer for the retailer by conglomerate Wesfarmers, sources familiar with the situation said.
Best Buy and Circuit City Stores each report earnings Wednesday. Which tech-toy titan will prove the victor tomorrow -- and in the future? Analysts from Piper Jaffray and UBS Securities joined CNBC's Bill Griffeth to pick their winner -- though both firms look attractive.