This is a good blog post with some history of past bank failures and what we may expect in the future. A chart shows how bad it got in the late 80's and early 90's. Hope it doesn't get that bad...
McDonald's dollar menu is coming under pressure and higher costs make it increasingly unprofitable. The company is testing ways of making the cheeseburger on the menu more profitable.
Year after year, through good years and bad, America's top executives continue to pull in compensation packages that fly in the face of reason - and slap in the face everyone who doesn't sit in an...
After six years since its release, Google News has changed little. Google is losing traffic to other sites like Yahoo and MSNBC, and there's still a question about how Google can generate revenue...
As Bank of America's stock has plunged, its dividend has soared. It paid a dividend of 64 cents a share in April which amounts to a 11.61% dividend yield. Should you invest? It depends on your...
Johnson and Johnson just lost a big one with its failed pain patch. It failed so badly that it killed someone. Everyone is trying to find new drugs to fill the void left by celebrex and related...
I watched a great documentary the other night on CNBC about McDonald's. If you're interested in how a small hamburger joint became the empire it is today, give it a peak. I think the show is...
The UAW is trying to hold the line at Chrysler but it's a futile last stand. They tried at GM and for the most part capitulated. Now they'll face an even more formidable contender. Cerberus will...
Sony Financial successfully debuted the largest IPO in Japanese history this week, raising $2.7 billion. Its success is expected to energize the Japanese IPO market.
NEW YORK, Nov 19 (Reuters) - Citigroup Inc (C.N: Quote, Profile, Research) shares suffered a fresh beating on Monday after Goldman Sachs & Co downgraded the stock to "sell" from "neutral," and said...
Does anyone want to be CEO of Citi (C)? If so, speak up. Josef Ackerman of Deutsche Bank (DB) is the latest high-profile banking executive to shy away from taking the top job at the financial...
Article | Submitted Dec 5, 2007 | Views: 162 | Comments: 0
Tags: citibank, citi, ceo search
French trader Jerome Kerviel cost the second largest French bank $7 billion in losses from supposedly unauthorized trades. These losses are significantly larger than those incurred by Nick Leeson,...
Retail giant Wal-Mart Stores tops the Fortune 500 list for the second consecutive year with a 2007 profit of $12.73 billion on revenues of $378.8 billion. That's a jump of 7.9% in revenue over 2006.
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