The $19 billion WhatsApp deal could become the Facebook founder's legacy . . . or his albatross.
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Somewhere, Willy Wonka weeps after the 107-year-old facility stops smacking out Kisses in exchange for a new high-tech plant.
It's time for goodbye Kisses.
Hershey (HSY) announced today that it will close the doors to its original chocolate factory in Hershey, Pa. After nearly 107 years of operation, the company is trading in its iconic factory for a brand-new confectionery plant.
Hershey was revolutionary for its time, providing citizens of the town with a theme park, inexpensive housing, public transportation and even a movie theater. The original factory, between Chocolate and Cocoa Avenues, began construction in 1903 and was the center of the community.
The many negative reactions include 'awkward' and 'very boring.' Now the company is soliciting other ideas.
By Kali Geldis, MainStreet
Though the company issued no comment Wednesday to explain the change, some site visitors were quick to label the new logo as "very boring, no imagination" and "awkward." One commentator said, "I made something better on WordArt today."
Another message read: "Dear Gap, I have but one query: Did you actually PAY someone to come up with this?" As customers soon discovered, it seems Gap doesn't want to pay for the redesign.
The online retail giant is rumored to be launching a marketplace for tablet PC and smart-phone apps soon.
Some folks sounded a death knell for Amazon (AMZN) just a few months ago as Apple (AAPL) was making a splash with its newly minted iPad. But after a sleek upgrade to its flagship e-reader and a recent drop in Kindle prices to $139, Amazon proved it could compete with the glamorous -- and pricey -- iPad by carving out a lower-priced niche.
While that strategy has been highly profitable, Amazon is now investing in a bold move to take the fight to Apple and, really, any mobile device, including those with the upstart Android OS from Google (GOOG).
Amazon's weapon? An online app store that could suck up as much as a third of the marketplace and feature the hottest new mobile applications.
Never mind the sentiment surveys. The maker of custom furniture is a better barometer of consumer confidence.
By Jim Cramer, TheStreet
Do we feel more confident? Do we feel confident enough to buy something expensive rather than go to Ikea? Maybe go to Ethan Allen (ETH) instead and get our own furniture, designed by us, rather than something from the showroom?
To gauge consumer sentiment -- something incredibly important because the consumer represents about 70% of our economy -- I have always used Best Buy (BBY), Tiffany (TIF), Nordstrom (JWN) and Coach (COH). You don't go to any of those if you are feeling down in the dumps.
But after speaking to Farooq Kathwari, the long-time CEO of Ethan Allen, I am wondering if traffic and purchases from his high-end furniture company aren't a better gauge. And if I am right, then we are feeling better, doing better, and much of the credit has to go to the stock market.
The food and beverage giant drops its full-year guidance, and its stock takes a hit.
This isn't the way to start off third-quarter earnings season.
Before the New York Stock Exchange opened Thursday, PepsiCo (PEP) reported third-quarter earnings of $1.22 a share, exactly matching Wall Street analysts' consensus. Revenue came in at $15.51 billion, slightly above the consensus projection of $15.38 billion.
But the stock was around $66, down about 3% late Thursday. Why? Guidance for the fourth quarter.
Ctrip International has a leg up on looming competitors
Written by Douglas Estadt
Not long ago, Baidu (BIDU), China’s No. 1 search engine, was facing criticism because of media claims that it would be beaten by bigger and better competitors when China Mobile said they were entering the search market.
As an established brand name and favorite of Chinese internet users, BIDU continues to grow at incredible rates quarter-over-quarter and the stock price has risen substantially. Investors who took the empty words of people who write about but don't successfully trade stocks sold their BIDU shares and missed 45% upside in BIDU in a few months.
Shipments are still sliding. The industry cites high unemployment, but what if that's wrong?
Not this year. The beer industry is reeling as sales continue to slump, and none of the usual gimmicks and promotions are persuading people to drink more. Beer executives are groaning under the pressure.
"They're the worst trends we've ever seen," Benj Steinman, the president of Beer Marketer's Insights, told Advertising Age. Overall, beer shipments have dropped 2.1% in the first eight months of this year -- and that's on top of a miserable decline in 2009.
A new survey finds the nation's wealthiest aren't planning to spend much more this year.
The news isn't good. The wealthiest people in the country -- those with a net worth of $800,000 or more -- say they won't spend as much on gifts this year, according to the American Affluence Research Center.
The survey found that this group expects to spend about $2,370, on average, down from $2,399 last year (that's the total spent by all adults in the household). Only 3% said they plan to spend more, while 28% intend to spend less, The Wall Street Journal reported. And 12% said they won't buy gifts at all.
A JPMorgan analyst cites iPhone and iPad sales over any deal with Verizon.
By Scott Moritz, TheStreet
The research note comes after yet another report that Apple is ending its iPhone exclusivity with AT&T (T) and preparing to launch sales of the iconic device at No. 1 mobile shop Verizon early next year.
In a note titled "Plenty of Growth Left," JPMorgan analyst Mark Moskowitz said the Verizon iPhone will boost Apple's earnings 11% annually, or $2 a share. But Moskowitz does not base his financial projections or his $400 price target on the possibility of the iPhone going to Verizon. Instead, Moskowitz is more jazzed about the current strength of iPhone and iPad sales this year.
These shares are bargains with proven track records.
By Louis Navellier, InvestorPlace.com
Penny stock investing doesn’t have to be a crap shoot on long-shot stocks. Done well, penny stocks can be a great way to diversify your portfolio and really amp up your investment profits. While penny stock investing can be risky, it can also be very rewarding.
I recommend finding bargain penny stocks traded on major exchanges, for no less than $1 a share and with a proven track record. These penny stock investments should show significant earnings growth and strong buying pressure behind shares, increasing the likelihood that these stocks will be on the way up in the very near future.
Stifled Wednesday by its tech peers, Apple stock languished despite renewed rumors of a Verizon iPhone in the works. Don't expect it to sit still today.
By Jim Cramer, TheStreet
How much would Apple (AAPL) have gone up Wednesday if it weren't for Equinix (EQIX), which plummeted 33% after the company lowered its revenue outlook and took the rest of cloud-computing tech -- Citrix (CTXS)/Red Hat (RHT), Rackspace (RAX), F5 Networks (FFIV) and VMWare (VMW) -- down with it?
How much do they not matter for Apple?
Tuesday night I was out with one of the best hedge fund managers in America, and he wanted to take issue with my endless support for Apple. He couldn't believe, given the service of AT&T (T), that I could ever in good conscience recommend the stock.
I said to watch what happens when Verizon (VZ) gets the iPhone. He said he would believe it when he sees it.
The partnership sees a drop from projected profits, but that isn't any reason to sell.
As bad news goes, this isn't a big dose, but it should be a reminder to investors looking for extra yield in today's ultra-low-yield environment that higher yields always come with higher risk.
Oneok Partners (OKS) is one of my favorites for getting a good deal more yield with only slightly more risk. The master limited partnership pays a yield of 5.96% versus the 2.34% yield on the 10-year Treasury.
But "only slightly more" risk doesn't mean no risk.
Confidence has reached extreme levels as leading indicators warn of trouble. Yes, we're headed for better days, but the road will be rough.
Rewind a few months, to when Wall Street was deep in despair as concerns over Europe and the viability of the euro shook the markets. Add in concerns over financial regulatory reform, the government's case against Goldman Sachs (GS), the BP (BP) oil spill and the May 6 "flash crash." Investors had a lot to worry about.
But all that's changed now. Europe has bounced back, as I anticipated in this column, with the iShares Germany (EWG) up 28% from its May low. And the economy, thanks to the increase in business spending that I predicted back in August, is showing new signs of life.
All sunshine and lollipops, right? Well, not quite. While fundamentals determine the long-term trajectory of the market -- and still look good, as I discussed recently -- short-term movements are still driven by technical factors. And right now, they suggest caution is warranted.
Dozens of outlets nationwide lay down a new law: No teenagers without parents.
Shopping centers across the country are considering ways to ban the teen mall rat, ABC News reports. Dozens of malls now have a "parental escort policy" on weekend nights, requiring people younger than 18 to have a parent or guardian nearby.
The policy is intended to remove the potential for trouble (shoplifting and fighting) that can erupt when kids get together without supervision. But does this also remove the potential for teen sales?
Brought to its knees by a fierce discount battle, the grocery industry is starting to raise prices.
The price war was great for shoppers, many of whom cut their spending dramatically as the recession lingered. But was it good for grocery stores and food producers? Not so much.
Sales and promotions were everywhere, and as a result no company came out a winner, Reuters reported. In fact, the discounts were so deep that even the bump in sales couldn't restore the bottom line.
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The apparel chain takes a hard hit after blaming the weather for its quarterly sales decline. But cold temperatures don't explain the drop in full-year sales as well.
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