CEO Tim Cook says the company obeys the law. Sadly for hardworking American taxpayers, that's true.
The judge in Macy's lawsuit over Martha Stewart warns Penney that it could end up with a lot fewer home goods for sale.
J.C. Penney (JCP) might be heading for a disaster this spring.
The judge in the lawsuit filed by Macy's (M) over Penney's rival contract with domestic diva Martha Stewart issued a stark warning: Empty shelves might be on the horizon for Penney customers.
New York State Supreme Court Judge Jeffrey Oing told Penney's attorneys on Monday that he could order home products with Stewart's name off Penney's shelves this spring, according to The Associated Press. That would spell more problems for the retailer, which last Wednesday reported a complete wreck of a holiday quarter.
Empty shelves are never a good sign, but what would make the situation worse is that Penney is planning a big rollout for its Martha Stewart products on Mother's Day, May 12.
Twitter users put their heads together to lay down the right soundtrack for the Dow's all-time highs Tuesday.
That's what creative thinkers on Twitter were discussing Tuesday, laying down the soundtrack for the day with song titles that best described what was happening to the market.
There were the obvious songs mentioned with the #DowSongs hashtag, such as "Defying Gravity" from the musical "Wicked." And "The Gambler" from Kenny Rogers probably applied to plenty of investors wondering Tuesday whether to hold stocks or walk away.
The non-investing world might be singing Morrissey's "We Hate it When Our Friends Become Successful," suggested one Twitter user.
Prince Alwaleed claims the magazine's annual ranking of billionaires is biased against Middle Easterners. Forbes says he's in an 'alternate reality.'
Forbes' annual rankings of billionaires is sparking a brawl, with accusations of bias and financial shenanigans flying between the magazine publisher and Saudi Prince Alwaleed Bin Talal.
It's an unusual place to find Forbes' billionaire list, which typically offers the more sedate amusements of providing the have-nots with a glimpse of the huge fortunes behind the likes of Microsoft's (MSFT) Bill Gates and Berkshire Hathaway's (BRK.B) Warren Buffett. (Microsoft owns and publishes moneyNOW, an MSN Money site.)
But this year's annual billionaires list has turned into something of a slugfest. That's because Prince Alwaleed on Monday said he had "severed ties" with the Forbes list, accusing it of using a "flawed' valuation method that's biased against Middle Eastern investors.
The chief executive of the ketchup giant could get a handsome exit award, which would be among the largest CEO payouts ever.
According to The Wall Street Journal, Johnson is eligible for an exit package worth more than $200 million from the Pittsburgh-based ketchup giant once its $28 billion sale to Warren Buffett's Berkshire Hathaway (BRK.A) and 3G Capital, a Brazilian private equity firm, closes. That includes $99.7 million in Heinz shares, a $56 million "golden parachute" and $57 million in pension and deferred compensation. A Heinz spokesman tells MSN Money that no decision has been made about the future of Johnson or any other members of Heinz's management team.
Odds are, though, that Johnson will pursue other career opportunities.
Tuesday morning's opening puts the stock market benchmark above its previous closing high.
Also, the Institute for Supply Management's services index for February was released this morning, showing a better-than-expected rise for this key measure. The reading of 56 rose from 55.2 in January and gave stocks some extra fuel.
And so far at least, the sequester budget cuts aren't having the worst-case-scenario impact on Wall Street.
Still hurting for revenue, carriers are constantly coming up with new ways to separate passengers from their money.
Never underestimate the creativity of cash-hungry organizations looking for new ways to squeeze money out of their customers.
Consider the airline industry. It keeps coming up with new sets of fees that nickel-and-dime passengers from the moment they arrive at the airport until they reach their final destination.
But it's not that the air carriers are simply trying to hassle you. Like everyone else in this financially challenged landscape, they need the money.
"U.S. airlines eked out another year of meager profitability as expenses grew faster than revenues with record-setting fuel prices serving as a primary driver," John Heimlich, chief economist for the trade group Airlines for America, told the Los Angeles Times.
Ratings for the singing competition are at a decade low. Even 'Duck Dynasty' is pulling in a larger audience in TV's most-sought after demographic.
Ratings for the onetime must-see show on News Corp.'s (NWS) Fox network recently hit a decade low, according to Advertising Age. Its numbers have been on the decline for years, which isn't surprising given the show's longevity. But one recent broadcast drew just 13.1 million viewers, the fewest since August 2002, Ad Age notes, citing Nielsen data.
Not only has ABC's "Modern Family" and CBS' (CBS) "Big Bang Theory" bested it among viewers 18 to 49 -- the demographic that advertisers most covet -- but as Vote for the Worst recently pointed out, so has "Duck Dynasty," a show chronicling the adventures of millionaire hillbillies who own a duck-call business.
Low prices, high romance? A study of Craigslist missed connections finds the superstore is a romantic hotspot in 15 states.
For a lucky 15 states in this lovelorn union of ours, the best hope for bringing a little romance into their citizens' lives lies just beyond the customer service counter of the local Wal-Mart (WMT). CNNMoney notes that, according to a study of "missed connections" posts on Craigslist conducted by Psychology Today magazine, Wal-Mart was the most popular place to find love in the U.S. overall.
It's not that there's any romance to rolled-back prices or an aphrodisiac effect to the last-minute splurge items situated in front of the registers. It's just that, in certain states, Wal-Mart is the population's best chance at a universal, communal experience.
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More than 8,000 households got hit with the one-time levy as Socialist President Francois Hollande continues to target the nation's wealthiest.
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[BRIEFING.COM] Stocks ended modestly higher as the S&P 500 climbed 0.2%, and the Dow added 0.4% to register its 19th consecutive Tuesday of gains.
The major averages saw little change during morning action, but afternoon buying interest helped lift the indices to session highs. Most cyclical sectors (with the exception of materials and technology) finished among the leaders, but the defensively-geared health care sector settled atop the leaderboard as biotechnology outperformed. ... More
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