Finance

24
Nov
Tell Target to Save Thanksgiving

Approximately 152 million people are heading towards the checkouts carrying their heavily discounted products aiming to spend about $50 billion. The results were revealed by the National Retail Federation (NRF).Black Friday, the day after Thanksgiving used to mark the moment when retailers move into profit. However, now it marks the day when customers spend hours in queues fighting to buy the latest discounted LCD television.Best Buy, Macy's and... [read news]

20
Nov
Former Procter & Gamble chief executive dies at 84

Former Procter & Gamble chief executive John G. Smale, the man who managed to transform both of the major international companies he led has passed away on Saturday at the age of 84 years old.Smale was the as chief executive officer of Procter & Gamble from 1981 to 1990. While he served on this post the company managed to double its sales to $24 billion and collect earnings of $1.6 billion. Moreover 15 new product categories were created and... [read news]

11
Nov
Holiday rewards for credit card users

Credit card issuers are preparing their holiday rewards just in time for the shopping spree that is due to start anytime now. Companies are trying to lure the customers away from their debit cards and other competitors. While they do their holiday shopping, credit card users are even able to pick up some cash."The rewards have become very, very attractive in terms of cash back and travel," said Bill Hardekopf who works for LowCards.com. "Issuers... [read news]

27
Sep
Alexei Kudrin's resignation scares investors

Russian Prime Minister Vladimir Putin decided to put one of his most trusted allies in charge of the economy on Tuesday and chose one of the low key finance ministers to answer questions about reforms. With this plan, the prime minister is trying to restore unity in anticipation of his plan to return to Kremlin. Putin decided to sacrifice Alexei Kudrin, the former minister after President Dmitry Medvedev demanded his dismissal because the man... [read news]

23
Sep
Dunkin' President fired

Dunkin' Brands Group Inc decided on Friday that its international president, Neal Yanofsky, had to leave after serving only four months on his post. "We mutually agreed that this was not a good fit for Neal or Dunkin' Brands, and we will not disclose any further details," a company spokesman explained. Dunkin' Donuts International will now report to Chief Executive Nigel Travis, while Baskin-Robbins International will have to report to Chief... [read news]

18
Sep
Russian billionaire Alexander Lebedev punched a talk show guest

Alexander Lebedev, a well known Russian billionaire and British newspaper owner recently punched one of his fellow Russian businessmen during a television talk show. The punch was so powerful that the man was propelled across the room and tossed to the ground. Sergei Polonsky was once a billionaire himself, but unfortunately lost a major part of his business when the economic crisis stroke. Before the start of the show he baited Lebedev... [read news]

14
Sep
Wal-Mart, home of strange events

Wal-Mart seems to be attracting strange events: a man was found sampling raw meat and was fined by the police, a woman said she had encountered a bat at one of the Minnesota shops and a girl was reported for having met a monkey in Missouri. These events hit the front page daily and they seem to keep on going. The headlines are as follow: "Today's Special at Wal-Mart: Something Weird.""Almost any imaginable aspect of American life can and does... [read news]

13
Sep
More and more American fall into poverty

The Census Bureau announced on Tuesday that the number of Americans living in poverty has reached alarming rates, rising to the highest level reported since 1993. This is yet another piece of evidence that the economic recovery did nothing to help the poorest citizens of the United States. Since 2010 an additional 2.6 million people slipped under the poverty line raising the number to 46.2 million people. Trudi Renwick, chief of the Poverty... [read news]

12
Sep
Bank of America no longer holds first postion

The Bank of America Corp. (BAC) which is currently considered the biggest lender by assets from the US might have to give up its title after Chief Executive Officer Brian T. Moynihan will dismantle the empire created by his predecessor. The bank held the first position in deposits, mortgage lending and credit cards. These distinctions are no longer possessed by the firm. After the end of the Project New BAC the bank will have lost tens of... [read news]

10
Sep
US blame the Eurozone for the economic crisis

The city of Marseille from France hosts the gathering of the G7 group finance ministers that got together in order to come to a conclusion on how they are able to solve the looming economic crisis. At the moment markets worldwide are facing difficult times and the European Central Bank (ECB) is threatened by division tear. However, the meeting seemed to take a turn for the worst as American and British officials blamed the political failures... [read news]


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