Despite a January lawsuit settlement, many merchants are still dinging users. Insisting on minimum purchase amounts is also a no-no.
The home improvement chain ran past expectations, hiked its dividend and announced a huge share buyback -- all thanks to a rebounding housing market.
Net income in the last quarter rose 32% to $1.02 billion, or 68 cents, versus $774 million, or 50 cents, a year earlier. Revenue surged 13.9% to $18.2 billion. Excluding one-time items, profit was 67 cents, topping the 64-cent consensus forecast of Wall Street analysts. The revenue figure also exceeded the $17.69 billion Wall Street estimate.
Wall Street isn't reacting to Home Depot's earnings forecast for the year of $3.37 per share, which lagged forecasts of $3.49. After all, rival Lowe's (LOW) also gave disappointing earnings guidance recently, but there are many reasons to be bullish on both stocks.
Here are 3 reasons why the quarterback will get significantly less money than other star quarterbacks are paid.
But the sports world is buzzing because the 35-year-old New England Patriots quarterback is taking a major pay cut. The three-year contract extension he agreed to on Monday is reportedly worth about $27 million -- half as much as he was previously paid.
The going rate for star quarterbacks is much higher, The Associated Press reports. Drew Brees takes home a cool $20 million a year, while Peyton Manning gets about $18 million a year.
It has agreed to make refunds to some parents whose kids racked up big bills on supposedly 'free' games. The catch? Most can expect just $5.
"Bait" apps for mobile devices have become the bane of many parents' lives, with kids inadvertently racking up bills -- sometimes as high as thousands of dollars -- by playing supposedly "free" games such as TapFish and Smurfs' Village.
But now, parents will get some relief, with news that Apple (AAPL) is settling a lawsuit over the games, which are downloaded for free but charge real money for buying in-game currency or virtual goods.
The catch? Apple will offer a relatively paltry sum: a $5 iTunes credit to parents who claim a child purchased in-game items without their knowledge or permission, reports GigaOm. The settlement states that the "significant majority" of purchases were for less than $5.
The agreement, which still requires preliminary approval from a federal judge, doesn't state how much Apple will pay up.
CEO Jamie Dimon is focusing the cost-cutting measure primarily on the bank's mortgage business, where past troubles are still weighing amid rising competition.
As Bloomberg News and others have noted, Dimon said during the company's Investor Day on Tuesday that about 4,000 of these cuts will come this year. Overall, the layoffs would equal more than 7% of its staff of 295,000. According to Bloomberg, the banking giant will slash 13,000 to 15,000 mortgage jobs through 2014, and 3,000 to 4,000 jobs in community banking. Most will be eliminated through attrition. Ongoing hiring will offset the total over that time, with the net being around 4,000 fewer positions, according to a JPMorgan spokesperson.
Some meeting leaders say they make less than minimum wage, while celebrity spokeswomen -- and its CEO -- earn millions.
Losing weight is hard, but working for a weight-loss company might be even tougher.
Weight Watchers (WTW) is coming under fire from some of its leaders, who accuse the company of paying them less than minimum wage, while celebrity spokeswomen earn millions.
“We are professionals, we have to dress nice, but we are paid less than kids who work at McDonald’s," Tammy Williams, a leader in Texas, told The New York Times.
Weight Watchers pays its leaders an $18 base rate for running meetings. But according to some leaders, meetings can require as much as three hours of time, including setting up chairs and cleaning up, the Times notes.
The answer may surprise you. Increases in the services, trade and durable goods sectors are helping to strengthen local economies.
The majority of American cities saw economic growth in 2011, due largely to increases in business services and manufacturing and stronger trade activity.
The U.S. Bureau of Economic Analysis says real gross domestic product -- that is, GDP adjusted for inflation -- increased in two-thirds of the nation's 366 metropolitan areas in 2011.
Houston's economy grew the fastest out of the nation's largest cities that year, according to The Houston Chronicle.
Here's the bureau's list of the top 10 fastest-growing economies in 2011, along with their economic growth from 2010.
These 10 metro areas also accounted for more than 38% of the overall U.S. metropolitan GDP:
Shareholders have good reason to be unhappy with board. Now, some are campaigning for change.
According to The Wall Street Journal, Chairman Ray Lane and three other board members met Monday with 20 of the Palo Alto, Calif., company's biggest shareholders to address their concerns.
The move, a month before the board stands for re-election, is unusual. First, the odds of any effort to unseat Lane and two other members succeeding are pretty slim. But HP's recent history is anything but typical, and the shareholders have some legitimate beefs.
Shares of HP have slumped nearly 60% over the past five years, even with their recent runup, as the company seemed to be a day late and a dollar short for most important technological trends.
Automakers are eager to make Web-friendly cars, and GM is looking for whatever competitive edge it can get.
The largest U.S. automaker will start adding Internet service to its vehicles, offering 4G LTE access starting next year in conjunction with AT&T (T) through its OnStar feature. The offering will first be available in the U.S. and Canada on most 2015 Chevrolet, Buick, GMC and Cadillac models.
Mary Chan, president of GM’s Global Connected Consumer, told Bloomberg News that the company was undertaking the largest 4G commercial deployment in the auto industry.
Detroit's GM is looking for whatever competitive edge it can get, particularly in North America where it expects to earn most of its profits as the European market continues to struggle.
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
While incompetent bosses like Michael Scott and Andy Bernard typically can’t survive in the workplace, office romances are a very real part of corporate culture.
- Southwest Airlines turns less legroom into $773M
- 'American Idol' gets sorry ratings for season finale
- Powerball's wacky sense of humor
- Millions of Facebook's users are actually pets
- Can crowd funding rescue the LA Times?
- Domino's debuts a DVD that smells like pizza
- Average US retirement age climbs to 61
- McDonald's aims to slim down its 145-item menu
- Bathroom reading goes digital with iPad TP stand
[BRIEFING.COM] The S&P 500 ended this week with a bang, roaring to a new all-time high on the back of stronger-than-expected economic data, influential leadership, and an ongoing appreciation for the Fed's monetary policy support.
The bullish bias was evident in premarket action as the S&P futures pointed to a higher start without the benefit of any definitive news catalyst. Stocks indeed benefited from a blast of buying interest at the opening bell on this ... More
More Market News
All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.