Big business blunders, then and now
The corporate fumbles that recently put Netflix, B of A and MF Global in the news make you wonder who thought those were good ideas. But how do they compare to historically bad calls like New Coke?
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- July crude oil retreated into negative territory following inventory data that showed a build of 0.313 mln barrels when a draw of 0.5 mln was anticipated. The energy component dipped to a floor session low of $98.03 per barrel and chopped around below the unchanged line until the release of the FOMC policy directive at 14:00 ET. It then popped to a session high of $98.74 per barrel but ultimately settled 0.2% lower at $98.25 per barrel. Prices fell to a new LoD of $97.57 ... More
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