Since she joined in July 2012, CEO Marissa Mayer has acquired dozens of startups.
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Among the top 500 retail Web sites, Amazon attracted 15.5% of all visitors, a new report says.
By Jeanine Poggi, TheStreet.com
Amazon was the most-visited Web site on Cyber Monday, according to a new report.
The online retailer received 15.5% of the visits among the top 500 retail Web sites tracked by Experian Hitwise, an analytics firm. Amazon has been the most visited Web site on Cyber Monday since 2006.
Wal-Mart came in second with 9.5% of visits, followed by Target with 5.2%, Best Buy with 3.6% and J.C. Penney with 2.6%.
Alleged Ponzi schemer charged with fraud, authorities trying to recover expensive items purchased.
The disbarred Florida lawyer, who pleaded not guilty to running a $1.2 billion Ponzi scheme, poured money into hot cars, mansions and luxury boats, prosecutors say.
He allegedly used the money he made to buy 23 properties from Florida to Manhattan as well as a white Lamborghini, a red Ferrari Spider and 304 pieces of jewelry. Officials are also trying to recover his collection of guitars and sports memorabilia.
What's striking about this alleged fraudster is how much he flaunted the money he is charged with scamming from clients.
That's one estimate of the impact of one car crash (and many rumors) on one of the world's top endorsers.
But still, it's hard to avoid the Tiger Woods news this week, and I wonder how much this painful episode will cost him and his sponsors.
Tiger Woods is a major corporation unto himself, with Sports Illustrated estimating he gets nearly $100 million a year from commercial endorsements and other initiatives. The Daily Beast guesses he's made about $1 billion in his career pitching products.
Up to now, Woods has been relatively scandal-free. Will the uncomfortable public revelations -- and the women who claim links to him -- put the pinch on his pitching?
Here's what I expect the numbers will say, what they'll mean for the market and which stocks investors should buy now.
This week, Wall Street is heavily focused on two major reports due Friday. The first is the unemployment report. The second is the nonfarm payroll report. While neither should paint a rosy picture for the current state of the economy, I expect to see "less-bad" numbers that should get investors in the buying mood.
I'll also be keeping a close eye on the average workweek -- we'll get those numbers Friday, too. That figure recently hit a low of 33 hours. As the workweek lengthens, I expect to see more jobs created. The bottom line is that serious job growth is still months away, but the seeds of job creation are firming up.
The struggle to find a replacement for Ken Lewis suggests the company is too complex.
By Glenn Hall, TheStreet.com
Bank of America's failure to find a CEO suggests that the bank really is too large and too complicated to function.
Apparently, some of the CEO prospects have said that very thing -- to their detriment. At least two candidates have been rejected for suggesting that Bank of America needs to be downsized, according to the Wall Street Journal. Bank of America's board apparently wants a Ken Lewis clone.
Maybe the board should consult with its government overseers for some clarification on this point, considering how things have gone for Lewis.
This company seeks cell-based medical therapies that use fat cells instead of embryonic stem cells. Its stock is on a roll.
The stock has hit 14 new highs in the past 20 trading sessions and hit new highs in four of the past five sessions. Price appreciation in the past 65 days has been 100%, and BarChart's technical indicators are hitting 13 out of 13 "buy" signals for a 100% buy rating.
Shares are up on reports that GE will buy Vivendi's stake in NBC Universal, clearing the way for a potential sale to Comcast.
By Dan Freed, TheStreet.com
Comcast's stock advanced 1.9% to $14.94 a share after rising as much as 3% earlier in the day. The gains came amid after several news outlets, including The Wall Street Journal and The New York Times, said General Electric had reached an agreement with Vivendi to buy the French conglomerate's 20% stake in NBCU, paving the way for a deal with Comcast.
In Tuesday's trading, Comcast's stock was outpacing shares of Time Warner, Cablevision, News Corp., Walt Disney Company and Time Warner Cable.
Online sales on Monday rose 14%, despite the sluggish turnout at stores on Black Friday.
By Jeanine Poggi, TheStreet.com
Cyber Monday pumped up the volume on an otherwise middling kickoff to the holiday shopping season.
Online sales jumped 14% on Monday compared to a year earlier, according to Coremetrics, an Internet analytics firm. Consumers bought 30% more items than they did in 2008. While Web retailers account for 10% of holiday sales, they’re becoming more influential.
On Black Friday, 195 million shoppers visited stores, but each shopper spent $341.31, on average, down 8% from $372.57 last year, according to the National Retail Federation.
The maker of farm equipment sees sales decreasing next year, even with a big jump expected in its construction and forestry unit.
The company said fiscal 2010 earnings would come in at $2.12 a share on a 1% decline in sales. First-quarter fiscal 2010 sales will be down about 10%, the company projects.
That's no big deal, and I'd be inclined to sit those numbers out and wait for the turn in Deere's business that everyone expects in fiscal 2010.
Except for the words that the company used in describing fiscal 2010 sales. Those words lead me to sell Deere out of my 12- to 18-month Jubak's Picks portfolio. I'm keeping the stock in my long-term Jubak Picks 50, however.
Here's why I'm selling today:
GM will opt for killing the Saab brand, even if it costs the company more in the short term.
Will GM kill Saab rather than hand over technical knowledge from any of its related brands to a foreign competitor?
Today we'll get our answer, but as for me, my money is on an announcement that the Swedish auto company is doomed for the junkyard. General Motors will likely send Saab down the same road taken by Pontiac, Oldsmobile and other dead GM brands in an effort to shed underperforming brands but still hold on to proprietary technologies. Competitors are eager to pop the hood and check out GM's auto secrets, and I think GM will elect to unwind Saab on its own at considerable expense rather than sell it and let go of some trade secrets.
Some investors stay away from bad banks, even with help from the government
The problem goes beyond bad loans. Many of these banks don't have much in the way of assets. They're tiny, and don't hold much hope of growth. They have expensive deposits.
Nearly 125 banks have failed so far in 2009, and experts tell the Journal that many of them "are of very poor quality."
It's too bad, because people complain on this site and others about the ill treatment they get from Bank of America (BAC) and other megabanks.
Car sales and other purchases help lift economy in third quarter.
The country's gross domestic product (GDP) grew by 1% in the third quarter (or 0.4% on an annualized basis), according to AFP. Still, that growth was less than many analysts had expected, with the general analyst forecast at about 0.6% annualized.
The second quarter saw GDP shrink by 3.1%.
Is this new expansion a blip or a trend?
As bankers at Goldman Sachs arm themselves with handguns, it just might be one more reason to take a look at gun stocks.
This article is by InvestorPlace's Jamie Dlugosch.
If you believe a somewhat thin Bloomberg report out today, bankers at Goldman Sachs are arming themselves in preparation for a populist uprising against outrageous bonuses and bailouts.
That they'd be getting ready would hardly be a surprise, given the level of rage over compensation and taxpayer bailouts for the rich the news should not be a shock.
Of course, if any nut job does indeed decide to take matters to such an extreme, a handgun is unlikely to provide any real protection. It provides only an illusory peace of mind.
Something tells me, though, it might provide another reason to take a look at gun stocks. If brokers and bankers are arming themselves, they might very well chase the stocks, too.
Somali pirates set up their own stock exchange, seek investors to fund hijackings.
Somali pirates have created a new exchange in Haradheere, Somalia, to fund their hijackings offshore, Reuters reports. The pirates have made tens of millions of dollars so far, and their stock exchange offers shares for anybody to buy.
"Four months ago, during the monsoon rains, we decided to set up this stock exchange. We started with 15 'maritime companies' and now we are hosting 72. Ten of them have so far been successful at hijacking," said one pirate.
The exchange, the pirates said, have "made piracy a community activity."
Best Buy, Apple and Wal-Mart stores attracted massive crowds on Friday with discounts on consumer electronics.
By Jeanine Poggi, TheStreet.com
While Black Friday shouldn't serve as the sole gauge of holiday spending, it has revealed some possible winners and losers for the season.
Electronics were the most popular purchases last weekend, specifically flat-panel televisions.
"Despite the media hype surrounding Black Friday, the weekend is critical to the holiday season only for one major merchandise category -- consumer electronics -- which will see some 20% of Christmas sales over the three-day weekend," Craig Johnson, president at Customer Growth Partners, said in a statement.
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[BRIEFING.COM] Equity indices have returned to their opening lows as most sectors continue to hover in the red. Defensively-minded groups are exerting pressure on the broader market as consumer staples and health care hold respective losses of 0.6% and 0.2%. On the cyclical side, the largest sector, technology, is lower by 0.2%.
Just reported, October wholesale inventories rose 1.4% while the Briefing.com consensus expected an increase of 0.3%. Today's report follows last month's revised ... More
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