(Via The Pragmatic Capitalist)
Interesting video of a BBC journalist who spent a day with hedge fund manager Hugh Hendry. Click here. (Via The Mises Institute Blog)
The barrage of bad news continues today with a number of companies announcing layoffs: AT&T said they will layoff 12,000, 4% of their total workforce. Dupont said they will layoff 2,500 full time and 4,000 contractor positions with more to…
After the bell on Wednesday women’s retailer Chico’s FAS (NYSE: CHS) warned that August same store sales are showing a decline of about 3% and that it sees dismal same store sales for its third quarter, according to the Wall…
I am by no means an expert on the Japanese economy but for a decade or so some big name investors – like Hayman Capital’s Kyle Bass who made his name forecasting the 2008 crash – have been awaiting a…
Our sales stayed pretty strong through October and well into November. We pretty much hit a wall in December. – Jim Owens (subscription required), CEO Caterpillar The depth and duration of economic decline throughout the world makes it very difficult to…
Best Buy (BBY) yesterday morning reported an excellent fiscal year 4th quarter ended February 27, 2010. US same store sales increased 7.4% and overall revenue was up 12% year over year. Net income was up 14%. It was a record…